URNG.L vs. URND.L

Last updated Jun 5, 2026

URNG.L (Global X Uranium UCITS ETF USD Accumulating) and URND.L (Global X Uranium UCITS ETF USD Distributing) are both Commodity Producers Equities funds from Global X tracking the Solactive Global Uranium & Nuclear Components. Both are passively managed. Over the past 3 years, URNG.L returned 36.12%/yr vs 32.73%/yr for URND.L. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.65% expense ratio.

Performance

URNG.L vs. URND.L - 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 Global X Uranium UCITS ETF USD Distributing (URND.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both investments are quite close, with URNG.L having a 18.27% return and URND.L slightly higher at 18.39%.

URNG.L

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

URND.L

• 1D: -0.80%
• 1M: -7.57%
• YTD: 18.39%
• 6M: 6.04%
• 1Y: 65.85%
• 3Y*: 32.73%
• 5Y*: —
• 10Y*: —

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

URNG.L vs. URND.L - 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%	-4.55%
URND.L Global X Uranium UCITS ETF USD Distributing	18.39%	47.21%	5.10%	25.90%	-8.81%

Correlation

The correlation between URNG.L and URND.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022	0.96

The correlation between URNG.L and URND.L has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

URNG.L vs. URND.L — 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

URND.L

URND.L Risk / Return Rank: 37
URND.L Sharpe Ratio Rank: 37
URND.L Sortino Ratio Rank: 38
URND.L Omega Ratio Rank: 35
URND.L Calmar Ratio Rank: 41
URND.L Martin Ratio Rank: 34

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. URND.L - 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 Global X Uranium UCITS ETF USD Distributing (URND.L). 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	URND.L	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.32	0.00
Sortino ratio: Return per unit of downside risk	1.93	1.93	0.00
Omega ratio: Gain probability vs. loss probability	1.23	1.24	0.00
Calmar ratio: Return relative to maximum drawdown	1.97	2.15	-0.18
Martin ratio: Return relative to average drawdown	5.06	5.07	-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.

URNG.L vs. URND.L - Sharpe Ratio Comparison

The current URNG.L Sharpe Ratio is 1.31, which is comparable to the URND.L Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of URNG.L and URND.L, 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	URND.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	1.32	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.58	-0.05

Drawdowns

URNG.L vs. URND.L - Drawdown Comparison

The maximum URNG.L drawdown since its inception was -38.98%, roughly equal to the maximum URND.L drawdown of -40.43%. Use the drawdown chart below to compare losses from any high point for URNG.L and URND.L.

Drawdown Indicators

	URNG.L	URND.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.98%	-40.43%	+1.45%
Max Drawdown (1Y) Largest decline over 1 year	-32.59%	-30.45%	-2.14%
Max Drawdown (3Y) Largest decline over 3 years	-38.98%	-40.43%	+1.45%
Current Drawdown Current decline from peak	-13.93%	-14.60%	+0.67%
Average Drawdown Average peak-to-trough decline	-12.79%	-12.69%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.75%	12.94%	-0.19%

Volatility

URNG.L vs. URND.L - Volatility Comparison

Global X Uranium UCITS ETF USD Accumulating (URNG.L) and Global X Uranium UCITS ETF USD Distributing (URND.L) have volatilities of 14.89% and 14.63%, 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

	URNG.L	URND.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.89%	14.63%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	33.87%	33.57%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	49.10%	49.84%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.66%	39.85%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.66%	39.85%	-0.19%

URNG.L vs. URND.L - Expense Ratio Comparison

Both URNG.L and URND.L have an expense ratio of 0.65%.

Dividends

URNG.L vs. URND.L - Dividend Comparison

URNG.L has not paid dividends to shareholders, while URND.L's dividend yield for the trailing twelve months is around 0.17%.

Position	TTM	2025	2024	2023	2022
URND.L Global X Uranium UCITS ETF USD Distributing	0.17%	0.00%	1.19%	0.00%	0.03%
URNG.L Global X Uranium UCITS ETF USD Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both URNG.L and URND.L in my portfolio?

With a correlation of 0.98, URNG.L and URND.L 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.

Which ETF is better, URNG.L or URND.L?

Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, URNG.L or URND.L?

URNG.L and URND.L have the same expense ratio: 0.65% per year.

What is the main difference between URNG.L and URND.L?

Both ETFs track Solactive Global Uranium & Nuclear Components.