URAN vs. URA

Last updated Jun 4, 2026

URAN (Themes Uranium & Nuclear ETF) and URA (Global X Uranium ETF) are both Commodity Producers Equities funds - URAN tracks the BITA Global Uranium and Nuclear Select Index while URA tracks the Solactive Global Uranium & Nuclear Components Index. Both are passively managed. Over the past year, URAN returned 28.74% vs 61.26% for URA. Their correlation of 0.93 suggests significant overlap in exposure. URAN charges 0.35%/yr vs 0.69%/yr for URA.

Performance

URAN vs. URA - Performance Comparison

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

Returns By Period

In the year-to-date period, URAN achieves a 5.17% return, which is significantly lower than URA's 17.93% return.

URAN

• 1D: -3.96%
• 1M: -5.96%
• YTD: 5.17%
• 6M: 2.21%
• 1Y: 28.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

URA

• 1D: -5.67%
• 1M: -8.00%
• YTD: 17.93%
• 6M: 13.25%
• 1Y: 61.26%
• 3Y*: 39.27%
• 5Y*: 21.39%
• 10Y*: 17.12%

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

URAN vs. URA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URAN Themes Uranium & Nuclear ETF	5.17%	49.05%	4.09%
URA Global X Uranium ETF	17.93%	67.18%	-4.59%

Correlation

The correlation between URAN and URA is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.93

The correlation between URAN and URA has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

URAN vs. URA — Risk / Return Rank

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

URAN

URAN Risk / Return Rank: 22
URAN Sharpe Ratio Rank: 21
URAN Sortino Ratio Rank: 23
URAN Omega Ratio Rank: 21
URAN Calmar Ratio Rank: 24
URAN Martin Ratio Rank: 20

URA

URA Risk / Return Rank: 34
URA Sharpe Ratio Rank: 33
URA Sortino Ratio Rank: 34
URA Omega Ratio Rank: 31
URA Calmar Ratio Rank: 43
URA Martin Ratio Rank: 30

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. URA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Uranium & Nuclear ETF (URAN) and Global X Uranium ETF (URA). 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.

	URAN	URA	Difference
Sharpe ratio Return per unit of total volatility	0.73	1.23	-0.49
Sortino ratio Return per unit of downside risk	1.25	1.86	-0.62
Omega ratio Gain probability vs. loss probability	1.15	1.22	-0.07
Calmar ratio Return relative to maximum drawdown	1.14	2.17	-1.02
Martin ratio Return relative to average drawdown	2.27	4.58	-2.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URAN vs. URA - Sharpe Ratio Comparison

The current URAN Sharpe Ratio is 0.73, which is lower than the URA Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of URAN and URA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	URAN	URA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	1.23	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.49	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	-0.05	+0.92

Drawdowns

URAN vs. URA - Drawdown Comparison

The maximum URAN drawdown since its inception was -31.96%, smaller than the maximum URA drawdown of -93.54%. Use the drawdown chart below to compare losses from any high point for URAN and URA.

Drawdown Indicators

	URAN	URA	Difference
Max Drawdown Largest peak-to-trough decline	-31.96%	-93.54%	+61.58%
Max Drawdown (1Y) Largest decline over 1 year	-25.31%	-28.43%	+3.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-37.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.45%	—
Current Drawdown Current decline from peak	-20.16%	-42.81%	+22.65%
Average Drawdown Average peak-to-trough decline	-10.75%	-75.01%	+64.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.71%	13.40%	-0.69%

Volatility

URAN vs. URA - Volatility Comparison

The current volatility for Themes Uranium & Nuclear ETF (URAN) is 12.29%, while Global X Uranium ETF (URA) has a volatility of 15.94%. This indicates that URAN experiences smaller price fluctuations and is considered to be less risky than URA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URAN	URA	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.29%	15.94%	-3.65%
Volatility (6M) Calculated over the trailing 6-month period	29.33%	38.29%	-8.96%
Volatility (1Y) Calculated over the trailing 1-year period	39.47%	50.19%	-10.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.13%	43.62%	-4.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.13%	37.73%	+1.40%

URAN vs. URA - Expense Ratio Comparison

URAN has a 0.35% expense ratio, which is lower than URA's 0.69% expense ratio.

Dividends

URAN vs. URA - Dividend Comparison

URAN's dividend yield for the trailing twelve months is around 2.44%, less than URA's 4.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
URA Global X Uranium ETF	4.14%	4.88%	2.86%	6.07%	0.76%	5.84%	1.69%	1.66%	0.44%	2.03%	7.28%	1.96%
URAN Themes Uranium & Nuclear ETF	2.44%	2.56%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both URAN and URA in my portfolio?

With a correlation of 0.95, URAN and URA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, URAN or URA?

URA has higher volatility (15.94%) compared to URAN (12.29%). In terms of maximum drawdown, URAN dropped -31.96% vs URA's -93.54%.

Which ETF is better, URAN or URA?

On 1-year performance, URA leads with 61.26% vs 28.74% for URAN. On fees, URAN is cheaper at 0.35% per year. On volatility, URAN has been the lower-risk option at 12.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URAN or URA?

Over the 1-year period, URA has performed better with a 61.26% return vs 28.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URAN or URA?

URAN is cheaper with a 0.35% expense ratio, compared with 0.69% for URA.

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

URA has the higher dividend yield at 4.14%, compared with 2.44% for URAN.

What is the main difference between URAN and URA?

URAN tracks BITA Global Uranium and Nuclear Select Index, while URA tracks Solactive Global Uranium & Nuclear Components Index. They also come from different issuers: Themes and Global X. Their fees differ too: 0.35% for URAN and 0.69% for URA.

Which has better risk-adjusted returns?

URA currently has the higher Sharpe Ratio (1.23 vs 0.73), 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.