URND.L vs. URNM
Compare and contrast key facts about Global X Uranium UCITS ETF USD Distributing (URND.L) and NorthShore Global Uranium Mining ETF (URNM).
URND.L and URNM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. URND.L is a passively managed fund by Global X that tracks the performance of the Solactive Global Uranium & Nuclear Components. It was launched on Oct 28, 2022. URNM is a passively managed fund by Exchange Traded Concepts that tracks the performance of the North Shore Global Uranium Mining Index. It was launched on Dec 3, 2019. Both URND.L and URNM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: URND.L or URNM.
Key characteristics
| URND.L | URNM | |
|---|---|---|
| YTD Return | 9.59% | -4.23% |
| 1Y Return | 11.77% | 0.97% |
| Sharpe Ratio | 0.34 | 0.13 |
| Sortino Ratio | 0.75 | 0.48 |
| Omega Ratio | 1.09 | 1.06 |
| Calmar Ratio | 0.34 | 0.14 |
| Martin Ratio | 0.87 | 0.30 |
| Ulcer Index | 13.74% | 16.72% |
| Daily Std Dev | 35.25% | 40.19% |
| Max Drawdown | -34.88% | -42.55% |
| Current Drawdown | -10.72% | -21.39% |
Correlation
The correlation between URND.L and URNM is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
URND.L vs. URNM - Performance Comparison
In the year-to-date period, URND.L achieves a 9.59% return, which is significantly higher than URNM's -4.23% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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URND.L vs. URNM - Expense Ratio Comparison
URND.L has a 0.65% expense ratio, which is lower than URNM's 0.85% expense ratio.
Risk-Adjusted Performance
URND.L vs. URNM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Uranium UCITS ETF USD Distributing (URND.L) and NorthShore Global Uranium Mining ETF (URNM). 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.
Dividends
URND.L vs. URNM - Dividend Comparison
URND.L has not paid dividends to shareholders, while URNM's dividend yield for the trailing twelve months is around 3.79%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
URND.L Global X Uranium UCITS ETF USD Distributing | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URNM NorthShore Global Uranium Mining ETF | 3.79% | 3.63% | 0.00% | 6.70% | 2.57% |
Drawdowns
URND.L vs. URNM - Drawdown Comparison
The maximum URND.L drawdown since its inception was -34.88%, smaller than the maximum URNM drawdown of -42.55%. Use the drawdown chart below to compare losses from any high point for URND.L and URNM. For additional features, visit the drawdowns tool.
Volatility
URND.L vs. URNM - Volatility Comparison
Global X Uranium UCITS ETF USD Distributing (URND.L) has a higher volatility of 11.56% compared to NorthShore Global Uranium Mining ETF (URNM) at 10.16%. This indicates that URND.L's price experiences larger fluctuations and is considered to be riskier than URNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.