URNG.L vs. AIQUY

Last updated Jun 5, 2026

URNG.L (Global X Uranium UCITS ETF USD Accumulating) is Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components, while AIQUY (Air Liquide SA ADR) is a stock. Over the past 3 years, URNG.L returned 36.12%/yr vs 10.26%/yr for AIQUY. At a 0.08 correlation, their price movements are largely independent.

Performance

URNG.L vs. AIQUY - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Global X Uranium UCITS ETF USD Accumulating (URNG.L) and Air Liquide SA ADR (AIQUY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

URNG.L is traded in GBP, while AIQUY is traded in USD. To make them comparable, the AIQUY values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, URNG.L achieves a 18.27% return, which is significantly higher than AIQUY's 15.13% return.

URNG.L

• 1D: -0.48%
• 1M: -7.77%
• YTD: 18.27%
• 6M: 7.25%
• 1Y: 64.64%
• 3Y*: 36.12%
• 5Y*: —
• 10Y*: —

AIQUY

• 1D: 1.10%
• 1M: 3.58%
• YTD: 15.13%
• 6M: 12.79%
• 1Y: 3.66%
• 3Y*: 10.26%
• 5Y*: 11.52%
• 10Y*: 15.21%

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

URNG.L vs. AIQUY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
URNG.L Global X Uranium UCITS ETF USD Accumulating	18.27%	58.50%	2.96%	30.86%	-14.11%
AIQUY Air Liquide SA ADR	15.13%	10.09%	-5.75%	33.22%	-1.87%

Correlation

The correlation between URNG.L and AIQUY is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (All Time) Calculated using the full available price history since Apr 25, 2022	0.08

The correlation between URNG.L and AIQUY shifts across timeframes, from -0.10 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

Return for Risk

URNG.L vs. AIQUY — Risk / Return Rank

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

URNG.L

URNG.L Risk / Return Rank: 37
URNG.L Sharpe Ratio Rank: 37
URNG.L Sortino Ratio Rank: 38
URNG.L Omega Ratio Rank: 36
URNG.L Calmar Ratio Rank: 40
URNG.L Martin Ratio Rank: 34

AIQUY

AIQUY Risk / Return Rank: 43
AIQUY Sharpe Ratio Rank: 47
AIQUY Sortino Ratio Rank: 39
AIQUY Omega Ratio Rank: 38
AIQUY Calmar Ratio Rank: 45
AIQUY Martin Ratio Rank: 46

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.

URNG.L vs. AIQUY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Uranium UCITS ETF USD Accumulating (URNG.L) and Air Liquide SA ADR (AIQUY). 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.

	URNG.L	AIQUY	Difference
Sharpe ratio: Return per unit of total volatility	1.31	0.20	+1.11
Sortino ratio: Return per unit of downside risk	1.93	0.44	+1.50
Omega ratio: Gain probability vs. loss probability	1.23	1.05	+0.18
Calmar ratio: Return relative to maximum drawdown	1.97	0.24	+1.74
Martin ratio: Return relative to average drawdown	5.06	0.49	+4.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URNG.L vs. AIQUY - Sharpe Ratio Comparison

The current URNG.L Sharpe Ratio is 1.31, which is higher than the AIQUY Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of URNG.L and AIQUY, 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

	URNG.L	AIQUY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	0.20	+1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.49	+0.03

Drawdowns

URNG.L vs. AIQUY - Drawdown Comparison

The maximum URNG.L drawdown since its inception was -38.98%, roughly equal to the maximum AIQUY drawdown of -37.31%. Use the drawdown chart below to compare losses from any high point for URNG.L and AIQUY.

Drawdown Indicators

	URNG.L	AIQUY	Difference
Max Drawdown Largest peak-to-trough decline	-38.98%	-37.31%	-1.67%
Max Drawdown (1Y) Largest decline over 1 year	-32.59%	-15.46%	-17.13%
Max Drawdown (3Y) Largest decline over 3 years	-38.98%	-15.46%	-23.52%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.24%	—
Current Drawdown Current decline from peak	-13.93%	-2.30%	-11.63%
Average Drawdown Average peak-to-trough decline	-12.79%	-6.39%	-6.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.75%	7.42%	+5.33%

Volatility

URNG.L vs. AIQUY - Volatility Comparison

Global X Uranium UCITS ETF USD Accumulating (URNG.L) has a higher volatility of 14.89% compared to Air Liquide SA ADR (AIQUY) at 5.96%. This indicates that URNG.L's price experiences larger fluctuations and is considered to be riskier than AIQUY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URNG.L	AIQUY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.89%	5.96%	+8.93%
Volatility (6M) Calculated over the trailing 6-month period	33.87%	14.99%	+18.88%
Volatility (1Y) Calculated over the trailing 1-year period	49.10%	18.09%	+31.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.66%	19.01%	+20.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.66%	20.87%	+18.79%

Dividends

URNG.L vs. AIQUY - Dividend Comparison

URNG.L has not paid dividends to shareholders, while AIQUY's dividend yield for the trailing twelve months is around 2.07%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIQUY Air Liquide SA ADR	2.07%	1.93%	1.92%	1.62%	2.09%	1.91%	1.80%	1.96%	2.62%	4.22%	7.72%	2.52%
URNG.L Global X Uranium UCITS ETF USD Accumulating	0.00%	0.00%	0.00%	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 URNG.L and AIQUY in my portfolio?

URNG.L and AIQUY have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.