URG vs. URE.TO

Last updated Jun 4, 2026

URG (Ur-Energy Inc.) and URE.TO (Ur-Energy Inc.) are both stocks. Both operate in the Uranium industry within the Energy sector. Over the past 10 years, URG returned 11.50%/yr vs 11.58%/yr for URE.TO. Their correlation of 0.84 suggests significant overlap in exposure.

Performance

URG vs. URE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ur-Energy Inc. (URG) and Ur-Energy Inc. (URE.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

URG is traded in USD, while URE.TO is traded in CAD. To make them comparable, the URE.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, URG achieves a 38.85% return, which is significantly lower than URE.TO's 41.84% return. Both investments have delivered pretty close results over the past 10 years, with URG having a 11.50% annualized return and URE.TO not far ahead at 11.58%.

URG

• 1D: -8.10%
• 1M: 9.04%
• YTD: 38.85%
• 6M: 37.86%
• 1Y: 138.63%
• 3Y*: 24.09%
• 5Y*: 4.75%
• 10Y*: 11.50%

URE.TO

• 1D: -7.27%
• 1M: 10.72%
• YTD: 41.84%
• 6M: 40.44%
• 1Y: 137.99%
• 3Y*: 25.18%
• 5Y*: 4.76%
• 10Y*: 11.58%

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

URG vs. URE.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
URG Ur-Energy Inc.	38.85%	20.87%	-25.32%	33.91%	-5.74%	52.27%	36.14%	-9.46%	-4.92%	28.71%
URE.TO Ur-Energy Inc.	41.84%	20.13%	-25.23%	31.59%	-4.87%	49.17%	39.58%	-10.34%	-4.55%	29.49%

Correlation

The correlation between URG and URE.TO is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since May 6, 2009	0.84

The correlation between URG and URE.TO has been stable across timeframes, ranging from 0.84 to 0.94 - a consistent structural relationship.

Fundamentals

Market Cap URG : $750.39M URE.TO : CA$1.05B
EPS URG : -$0.25 URE.TO : -CA$0.25
PS Ratio URG : 23.23 URE.TO : 32.50
PB Ratio URG : 9.05 URE.TO : 12.70
Total Revenue (TTM) URG : $31.14M URE.TO : CA$31.13M
Gross Profit (TTM) URG : -$13.89M URE.TO : -CA$31.50M
EBITDA (TTM) URG : -$81.01M URE.TO : -CA$78.62M

Return for Risk

URG vs. URE.TO — Risk / Return Rank

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

URG

URG Risk / Return Rank: 82
URG Sharpe Ratio Rank: 86
URG Sortino Ratio Rank: 82
URG Omega Ratio Rank: 79
URG Calmar Ratio Rank: 82
URG Martin Ratio Rank: 79

URE.TO

URE.TO Risk / Return Rank: 83
URE.TO Sharpe Ratio Rank: 87
URE.TO Sortino Ratio Rank: 83
URE.TO Omega Ratio Rank: 81
URE.TO Calmar Ratio Rank: 83
URE.TO Martin Ratio Rank: 79

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.

URG vs. URE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ur-Energy Inc. (URG) and Ur-Energy Inc. (URE.TO). 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.

	URG	URE.TO	Difference
Sharpe ratio Return per unit of total volatility	1.90	1.92	-0.02
Sortino ratio Return per unit of downside risk	2.49	2.53	-0.04
Omega ratio Gain probability vs. loss probability	1.31	1.31	0.00
Calmar ratio Return relative to maximum drawdown	3.05	3.07	-0.01
Martin ratio Return relative to average drawdown	6.37	6.35	+0.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URG vs. URE.TO - Sharpe Ratio Comparison

The current URG Sharpe Ratio is 1.90, which is comparable to the URE.TO Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of URG and URE.TO, 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

	URG	URE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	1.92	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.07	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.17	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.06	-0.06

Drawdowns

URG vs. URE.TO - Drawdown Comparison

The maximum URG drawdown since its inception was -91.13%, roughly equal to the maximum URE.TO drawdown of -91.31%. Use the drawdown chart below to compare losses from any high point for URG and URE.TO.

Drawdown Indicators

	URG	URE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-91.13%	-91.31%	+0.18%
Max Drawdown (1Y) Largest decline over 1 year	-45.71%	-45.28%	-0.43%
Max Drawdown (3Y) Largest decline over 3 years	-72.11%	-71.92%	-0.19%
Max Drawdown (5Y) Largest decline over 5 years	-73.30%	-72.84%	-0.46%
Max Drawdown (10Y) Largest decline over 10 years	-73.30%	-72.84%	-0.46%
Current Drawdown Current decline from peak	-40.98%	-40.97%	-0.01%
Average Drawdown Average peak-to-trough decline	-66.55%	-64.28%	-2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.84%	21.80%	+0.04%

Volatility

URG vs. URE.TO - Volatility Comparison

Ur-Energy Inc. (URG) and Ur-Energy Inc. (URE.TO) have volatilities of 29.70% and 30.48%, 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

	URG	URE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.70%	30.48%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	50.66%	51.40%	-0.74%
Volatility (1Y) Calculated over the trailing 1-year period	74.02%	72.76%	+1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.92%	66.16%	+1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.42%	66.95%	-0.53%

Dividends

URG vs. URE.TO - Dividend Comparison

Neither URG nor URE.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both URG and URE.TO in my portfolio?

With a correlation of 0.94, URG and URE.TO 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.