URAA vs. UX

Last updated Jun 23, 2026

URAA (Direxion Daily Uranium Industry Bull 2X Shares) and UX (Roundhill Uranium ETF) are both Uranium funds. URAA is passively managed, while UX is actively managed. Over the past year, URAA returned 21.98% vs 0.67% for UX. A 0.66 correlation means they provide meaningful diversification when combined. URAA charges 1.28%/yr vs 0.75%/yr for UX.

Performance

URAA vs. UX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Uranium Industry Bull 2X Shares (URAA) and Roundhill Uranium ETF (UX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, URAA achieves a -5.26% return, which is significantly higher than UX's -5.73% return.

URAA

• 1D: -3.50%
• 1M: -11.18%
• YTD: -5.26%
• 6M: -11.40%
• 1Y: 21.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UX

• 1D: -0.76%
• 1M: -4.25%
• YTD: -5.73%
• 6M: -3.70%
• 1Y: 0.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

URAA vs. UX - Yearly Performance Comparison

	2026 (YTD)	2025
URAA Direxion Daily Uranium Industry Bull 2X Shares	-5.26%	87.50%
UX Roundhill Uranium ETF	-5.73%	18.96%

Correlation

The correlation between URAA and UX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jan 29, 2025	0.66

The correlation between URAA and UX has been stable across timeframes, ranging from 0.65 to 0.66 - a consistent structural relationship.

URAA vs. UX - Sectors Allocation Comparison

Sectors	URAA	UX
Energy	62.5%	100.0%
Industrials	17.0%	-
Utilities	16.6%	-
Basic Materials	2.9%	-
Technology	1.0%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

URAA vs. UX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

URAA

URAA Risk / Return Rank: 14
URAA Sharpe Ratio Rank: 12
URAA Sortino Ratio Rank: 19
URAA Omega Ratio Rank: 18
URAA Calmar Ratio Rank: 13
URAA Martin Ratio Rank: 12

UX

UX Risk / Return Rank: 9
UX Sharpe Ratio Rank: 9
UX Sortino Ratio Rank: 9
UX Omega Ratio Rank: 9
UX Calmar Ratio Rank: 9
UX Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

URAA vs. UX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Uranium Industry Bull 2X Shares (URAA) and Roundhill Uranium ETF (UX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	URAA	UX	Difference
Sharpe ratio: Return per unit of total volatility	0.23	0.02	+0.21
Sortino ratio: Return per unit of downside risk	1.02	0.27	+0.75
Omega ratio: Gain probability vs. loss probability	1.12	1.03	+0.09
Calmar ratio: Return relative to maximum drawdown	0.37	0.03	+0.34
Martin ratio: Return relative to average drawdown	0.75	0.05	+0.70

URAA vs. UX - Sharpe Ratio Comparison

The current URAA Sharpe Ratio is 0.23, which is higher than the UX Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of URAA and UX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

URAA vs. UX - Drawdown Comparison

The maximum URAA drawdown since its inception was -67.45%, which is greater than UX's maximum drawdown of -24.92%. Use the drawdown chart below to compare losses from any high point for URAA and UX.

Drawdown Indicators

	URAA	UX	Difference
Max Drawdown Largest peak-to-trough decline	-67.45%	-24.92%	-42.53%
Max Drawdown (1Y) Largest decline over 1 year	-59.83%	-24.92%	-34.91%
Current Drawdown Current decline from peak	-52.29%	-23.73%	-28.56%
Average Drawdown Average peak-to-trough decline	-27.83%	-10.54%	-17.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.40%	12.88%	+16.52%

Volatility

URAA vs. UX - Volatility Comparison

Direxion Daily Uranium Industry Bull 2X Shares (URAA) has a higher volatility of 31.84% compared to Roundhill Uranium ETF (UX) at 8.00%. This indicates that URAA's price experiences larger fluctuations and is considered to be riskier than UX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URAA	UX	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.84%	8.00%	+23.84%
Volatility (6M) Calculated over the trailing 6-month period	74.47%	24.86%	+49.61%
Volatility (1Y) Calculated over the trailing 1-year period	95.79%	34.17%	+61.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.63%	36.04%	+53.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.63%	36.04%	+53.59%

URAA vs. UX - Expense Ratio Comparison

URAA has a 1.28% expense ratio, which is higher than UX's 0.75% expense ratio.

Dividends

URAA vs. UX - Dividend Comparison

URAA's dividend yield for the trailing twelve months is around 10.74%, more than UX's 1.57% yield.

Position	TTM	2025	2024
URAA Direxion Daily Uranium Industry Bull 2X Shares	10.74%	9.14%	4.36%
UX Roundhill Uranium ETF	1.57%	1.48%	0.00%

Frequently Asked Questions

Can I hold both URAA and UX in my portfolio?

URAA and UX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URAA or UX?

URAA has higher volatility (31.84%) compared to UX (8.00%). In terms of maximum drawdown, URAA dropped -67.45% vs UX's -24.92%.

Which ETF is better, URAA or UX?

On 1-year performance, URAA leads with 21.98% vs 0.67% for UX. On fees, UX is cheaper at 0.75% per year. On volatility, UX has been the lower-risk option at 8.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URAA or UX?

Over the 1-year period, URAA has performed better with a 21.98% return vs 0.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URAA or UX?

UX is cheaper with a 0.75% expense ratio, compared with 1.28% for URAA.

Which ETF pays a higher dividend yield, URAA or UX?

URAA has the higher dividend yield at 10.74%, compared with 1.57% for UX.

What is the main difference between URAA and UX?

They also come from different issuers: Direxion and Roundhill. Their fees differ too: 1.28% for URAA and 0.75% for UX.

Which has better risk-adjusted returns?

URAA currently has the higher Sharpe Ratio (0.23 vs 0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.