URAN vs. XME
URAN (Themes Uranium & Nuclear ETF) and XME (SPDR S&P Metals & Mining ETF) are both exchange-traded funds - URAN is a Commodity Producers Equities fund tracking the BITA Global Uranium and Nuclear Select Index, while XME is a Materials fund tracking the S&P Metals & Mining Select Industry Index. Both are passively managed. Over the past year, URAN returned 28.74% vs 103.84% for XME. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
URAN vs. XME - Performance Comparison
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Returns By Period
In the year-to-date period, URAN achieves a 5.17% return, which is significantly lower than XME's 24.13% return.
URAN
- 1D
- -3.96%
- 1M
- -5.96%
- YTD
- 5.17%
- 6M
- 2.21%
- 1Y
- 28.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XME
- 1D
- -3.24%
- 1M
- 9.89%
- YTD
- 24.13%
- 6M
- 29.19%
- 1Y
- 103.84%
- 3Y*
- 40.26%
- 5Y*
- 23.59%
- 10Y*
- 20.21%
URAN vs. XME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
URAN Themes Uranium & Nuclear ETF | 5.17% | 49.05% | 4.09% |
XME SPDR S&P Metals & Mining ETF | 24.13% | 83.47% | -10.17% |
Correlation
The correlation between URAN and XME is 0.71, 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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | 0.68 |
The correlation between URAN and XME has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.
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Return for Risk
URAN vs. XME — Risk / Return Rank
URAN
XME
URAN vs. XME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Uranium & Nuclear ETF (URAN) and SPDR S&P Metals & Mining ETF (XME). 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 | XME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.44 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 4.62 | -3.48 |
| Martin ratioReturn relative to average drawdown | 2.27 | 11.75 | -9.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| URAN | XME | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 3.02 | -2.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.18 | +0.69 |
Drawdowns
URAN vs. XME - Drawdown Comparison
The maximum URAN drawdown since its inception was -31.96%, smaller than the maximum XME drawdown of -85.89%. Use the drawdown chart below to compare losses from any high point for URAN and XME.
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Drawdown Indicators
| URAN | XME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.96% | -85.89% | +53.93% |
Max Drawdown (1Y)Largest decline over 1 year | -25.31% | -22.60% | -2.71% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.69% | — |
Current DrawdownCurrent decline from peak | -20.16% | -3.24% | -16.92% |
Average DrawdownAverage peak-to-trough decline | -10.75% | -44.14% | +33.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.71% | 8.87% | +3.84% |
Volatility
URAN vs. XME - Volatility Comparison
Themes Uranium & Nuclear ETF (URAN) and SPDR S&P Metals & Mining ETF (XME) have volatilities of 12.29% and 12.42%, 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.
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Volatility by Period
| URAN | XME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.29% | 12.42% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 29.33% | 26.73% | +2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.47% | 34.65% | +4.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.13% | 32.54% | +6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.13% | 32.84% | +6.29% |
URAN vs. XME - Expense Ratio Comparison
Both URAN and XME have an expense ratio of 0.35%.
Dividends
URAN vs. XME - Dividend Comparison
URAN's dividend yield for the trailing twelve months is around 2.44%, more than XME's 0.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XME SPDR S&P Metals & Mining ETF | 0.30% | 0.38% | 0.65% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% |
Frequently Asked Questions
URAN and XME have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XME has higher volatility (12.42%) compared to URAN (12.29%). In terms of maximum drawdown, URAN dropped -31.96% vs XME's -85.89%.
On 1-year performance, XME leads with 103.84% vs 28.74% for URAN. Both ETFs have the same 0.35% expense ratio. 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.
Over the 1-year period, XME has performed better with a 103.84% return vs 28.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
URAN and XME have the same expense ratio: 0.35% per year.
URAN has the higher dividend yield at 2.44%, compared with 0.30% for XME.
URAN is categorized as Commodity Producers Equities, while XME is Materials. URAN tracks BITA Global Uranium and Nuclear Select Index, while XME tracks S&P Metals & Mining Select Industry Index. They also come from different issuers: Themes and State Street.
XME currently has the higher Sharpe Ratio (3.02 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.
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