URAN vs. URNJ

Last updated Jun 26, 2026

URAN (Themes Uranium & Nuclear ETF) and URNJ (Sprott Junior Uranium Miners ETF) are both Uranium funds - URAN tracks the BITA Global Uranium and Nuclear Select Index while URNJ tracks the Nasdaq Sprott Junior Uranium Miners Index - Benchmark TR Gross. Both are passively managed. Over the past year, URAN returned 8.01% vs 23.64% for URNJ. Their correlation of 0.85 suggests significant overlap in exposure. URAN charges 0.35%/yr vs 0.80%/yr for URNJ.

Performance

URAN vs. URNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Uranium & Nuclear ETF (URAN) and Sprott Junior Uranium Miners ETF (URNJ). 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 higher than URNJ's -7.34% return.

URAN

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

URNJ

• 1D: -2.14%
• 1M: -16.87%
• YTD: -7.34%
• 6M: -10.57%
• 1Y: 23.64%
• 3Y*: 17.79%
• 5Y*: —
• 10Y*: —

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

URAN vs. URNJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URAN Themes Uranium & Nuclear ETF	-6.44%	49.05%	3.89%
URNJ Sprott Junior Uranium Miners ETF	-7.34%	45.35%	-11.14%

Correlation

The correlation between URAN and URNJ is 0.89, 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	0.89
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024	0.85

The correlation between URAN and URNJ has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.

Return for Risk

URAN vs. URNJ — 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

URNJ

URNJ Risk / Return Rank: 16
URNJ Sharpe Ratio Rank: 15
URNJ Sortino Ratio Rank: 19
URNJ Omega Ratio Rank: 18
URNJ Calmar Ratio Rank: 16
URNJ Martin Ratio Rank: 15

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. URNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Uranium & Nuclear ETF (URAN) and Sprott Junior Uranium Miners ETF (URNJ). 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	URNJ	Difference
Sharpe ratio: Return per unit of total volatility	0.20	0.38	-0.18
Sortino ratio: Return per unit of downside risk	0.57	0.97	-0.41
Omega ratio: Gain probability vs. loss probability	1.07	1.11	-0.04
Calmar ratio: Return relative to maximum drawdown	0.26	0.54	-0.28
Martin ratio: Return relative to average drawdown	0.56	1.20	-0.63

URAN vs. URNJ - Sharpe Ratio Comparison

The current URAN Sharpe Ratio is 0.20, which is lower than the URNJ Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of URAN and URNJ, 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. URNJ - Drawdown Comparison

The maximum URAN drawdown since its inception was -31.96%, smaller than the maximum URNJ drawdown of -59.21%. Use the drawdown chart below to compare losses from any high point for URAN and URNJ.

Drawdown Indicators

	URAN	URNJ	Difference
Max Drawdown Largest peak-to-trough decline	-31.96%	-59.21%	+27.25%
Max Drawdown (1Y) Largest decline over 1 year	-31.02%	-43.66%	+12.64%
Max Drawdown (3Y) Largest decline over 3 years	—	-59.21%	—
Current Drawdown Current decline from peak	-28.98%	-42.25%	+13.27%
Average Drawdown Average peak-to-trough decline	-11.28%	-21.59%	+10.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.29%	19.82%	-5.53%

Volatility

URAN vs. URNJ - Volatility Comparison

The current volatility for Themes Uranium & Nuclear ETF (URAN) is 13.07%, while Sprott Junior Uranium Miners ETF (URNJ) has a volatility of 19.26%. This indicates that URAN experiences smaller price fluctuations and is considered to be less risky than URNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URAN	URNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.07%	19.26%	-6.19%
Volatility (6M) Calculated over the trailing 6-month period	30.28%	46.52%	-16.24%
Volatility (1Y) Calculated over the trailing 1-year period	39.67%	61.93%	-22.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.37%	53.65%	-14.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.37%	53.65%	-14.28%

URAN vs. URNJ - Expense Ratio Comparison

URAN has a 0.35% expense ratio, which is lower than URNJ's 0.80% expense ratio.

Dividends

URAN vs. URNJ - Dividend Comparison

URAN's dividend yield for the trailing twelve months is around 2.74%, less than URNJ's 7.10% yield.

Position	TTM	2025	2024	2023
URAN Themes Uranium & Nuclear ETF	2.74%	2.56%	0.21%	0.00%
URNJ Sprott Junior Uranium Miners ETF	7.10%	6.58%	4.33%	4.03%

Frequently Asked Questions

Can I hold both URAN and URNJ in my portfolio?

URAN and URNJ have a correlation of 0.89, 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 URNJ?

URNJ has higher volatility (19.26%) compared to URAN (13.07%). In terms of maximum drawdown, URAN dropped -31.96% vs URNJ's -59.21%.

Which ETF is better, URAN or URNJ?

On 1-year performance, URNJ leads with 23.64% vs 8.01% for URAN. On fees, URAN is cheaper at 0.35% per year. 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 URNJ?

Over the 1-year period, URNJ has performed better with a 23.64% 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 URNJ?

URAN is cheaper with a 0.35% expense ratio, compared with 0.80% for URNJ.

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

URNJ has the higher dividend yield at 7.10%, compared with 2.74% for URAN.

What is the main difference between URAN and URNJ?

URAN tracks BITA Global Uranium and Nuclear Select Index, while URNJ tracks Nasdaq Sprott Junior Uranium Miners Index - Benchmark TR Gross. They also come from different issuers: Themes and Sprott. Their fees differ too: 0.35% for URAN and 0.80% for URNJ.

Which has better risk-adjusted returns?

URNJ currently has the higher Sharpe Ratio (0.38 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.