URAN vs. LIMI

Last updated Jun 26, 2026

URAN (Themes Uranium & Nuclear ETF) and LIMI (Themes Lithium & Battery Metal Miners ETF) are both exchange-traded funds - URAN is a Uranium fund tracking the BITA Global Uranium and Nuclear Select Index, while LIMI is a Lithium & Battery Metals fund tracking the BITA Global Lithium and Battery Metals Select Index. Both are passively managed. Over the past year, URAN returned 8.01% vs 116.49% for LIMI. At a 0.41 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.

Performance

URAN vs. LIMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Uranium & Nuclear ETF (URAN) and Themes Lithium & Battery Metal Miners ETF (LIMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, URAN achieves a -6.44% return, which is significantly lower than LIMI's 6.81% return.

URAN

• 1D: -0.30%
• 1M: -11.06%
• YTD: -6.44%
• 6M: -9.14%
• 1Y: 8.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LIMI

• 1D: -3.55%
• 1M: -11.55%
• YTD: 6.81%
• 6M: 4.40%
• 1Y: 116.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

URAN vs. LIMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URAN Themes Uranium & Nuclear ETF	-6.44%	49.05%	3.89%
LIMI Themes Lithium & Battery Metal Miners ETF	6.81%	91.22%	-0.82%

Correlation

The correlation between URAN and LIMI is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024	0.41

Return for Risk

URAN vs. LIMI — Risk / Return Rank

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

URAN

URAN Risk / Return Rank: 12
URAN Sharpe Ratio Rank: 12
URAN Sortino Ratio Rank: 13
URAN Omega Ratio Rank: 12
URAN Calmar Ratio Rank: 12
URAN Martin Ratio Rank: 11

LIMI

LIMI Risk / Return Rank: 82
LIMI Sharpe Ratio Rank: 89
LIMI Sortino Ratio Rank: 77
LIMI Omega Ratio Rank: 72
LIMI Calmar Ratio Rank: 91
LIMI Martin Ratio Rank: 80

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.

URAN vs. LIMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Uranium & Nuclear ETF (URAN) and Themes Lithium & Battery Metal Miners ETF (LIMI). 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.

	URAN	LIMI	Difference
Sharpe ratio: Return per unit of total volatility	0.20	2.61	-2.41
Sortino ratio: Return per unit of downside risk	0.57	3.00	-2.43
Omega ratio: Gain probability vs. loss probability	1.07	1.37	-0.31
Calmar ratio: Return relative to maximum drawdown	0.26	5.09	-4.83
Martin ratio: Return relative to average drawdown	0.56	13.66	-13.10

URAN vs. LIMI - Sharpe Ratio Comparison

The current URAN Sharpe Ratio is 0.20, which is lower than the LIMI Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of URAN and LIMI, 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

URAN vs. LIMI - Drawdown Comparison

The maximum URAN drawdown since its inception was -31.96%, smaller than the maximum LIMI drawdown of -43.77%. Use the drawdown chart below to compare losses from any high point for URAN and LIMI.

Drawdown Indicators

	URAN	LIMI	Difference
Max Drawdown Largest peak-to-trough decline	-31.96%	-43.77%	+11.81%
Max Drawdown (1Y) Largest decline over 1 year	-31.02%	-23.00%	-8.02%
Current Drawdown Current decline from peak	-28.98%	-20.89%	-8.09%
Average Drawdown Average peak-to-trough decline	-11.28%	-13.13%	+1.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.29%	8.56%	+5.73%

Volatility

URAN vs. LIMI - Volatility Comparison

Themes Uranium & Nuclear ETF (URAN) and Themes Lithium & Battery Metal Miners ETF (LIMI) have volatilities of 13.07% and 13.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URAN	LIMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.07%	13.20%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	30.28%	30.66%	-0.38%
Volatility (1Y) Calculated over the trailing 1-year period	39.67%	44.90%	-5.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.37%	41.79%	-2.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.37%	41.79%	-2.42%

URAN vs. LIMI - Expense Ratio Comparison

Both URAN and LIMI have an expense ratio of 0.35%.

Dividends

URAN vs. LIMI - Dividend Comparison

URAN's dividend yield for the trailing twelve months is around 2.74%, more than LIMI's 0.51% yield.

Position	TTM	2025	2024
LIMI Themes Lithium & Battery Metal Miners ETF	0.51%	0.54%	8.14%
URAN Themes Uranium & Nuclear ETF	2.74%	2.56%	0.21%

Frequently Asked Questions

Can I hold both URAN and LIMI in my portfolio?

URAN and LIMI have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URAN or LIMI?

LIMI has higher volatility (13.20%) compared to URAN (13.07%). In terms of maximum drawdown, URAN dropped -31.96% vs LIMI's -43.77%.

Which ETF is better, URAN or LIMI?

On 1-year performance, LIMI leads with 116.49% vs 8.01% for URAN. Both ETFs have the same 0.35% expense ratio. On volatility, URAN has been the lower-risk option at 13.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URAN or LIMI?

Over the 1-year period, LIMI has performed better with a 116.49% return vs 8.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URAN or LIMI?

URAN and LIMI have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, URAN or LIMI?

URAN has the higher dividend yield at 2.74%, compared with 0.51% for LIMI.

What is the main difference between URAN and LIMI?

URAN is categorized as Uranium, while LIMI is Lithium & Battery Metals. URAN tracks BITA Global Uranium and Nuclear Select Index, while LIMI tracks BITA Global Lithium and Battery Metals Select Index.

Which has better risk-adjusted returns?

LIMI currently has the higher Sharpe Ratio (2.61 vs 0.20), 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.