URNG.L vs. URNM
URNG.L (Global X Uranium UCITS ETF USD Accumulating) and URNM (Sprott Uranium Miners ETF) are both Commodity Producers Equities funds - URNG.L tracks the Solactive Global Uranium & Nuclear Components while URNM tracks the VettaFi Global Uranium Miners Index. Both are passively managed. Over the past 3 years, URNG.L returned 36.12%/yr vs 22.96%/yr for URNM. A 0.65 correlation means they provide meaningful diversification when combined. URNG.L charges 0.65%/yr vs 0.85%/yr for URNM.
Performance
URNG.L vs. URNM - Performance Comparison
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Different Trading Currencies
URNG.L is traded in GBP, while URNM is traded in USD. To make them comparable, the URNM 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 URNM's 11.67% return.
URNG.L
- 1D
- -0.48%
- 1M
- -7.77%
- YTD
- 18.27%
- 6M
- 7.25%
- 1Y
- 64.64%
- 3Y*
- 36.12%
- 5Y*
- —
- 10Y*
- —
URNM
- 1D
- -0.67%
- 1M
- -10.62%
- YTD
- 11.67%
- 6M
- 6.98%
- 1Y
- 52.14%
- 3Y*
- 22.96%
- 5Y*
- 16.67%
- 10Y*
- —
URNG.L vs. URNM - 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% |
URNM Sprott Uranium Miners ETF | 11.67% | 30.75% | -12.62% | 49.92% | -14.27% |
Correlation
The correlation between URNG.L and URNM is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2022 | 0.65 |
The correlation between URNG.L and URNM has been stable across timeframes, ranging from 0.65 to 0.68 - a consistent structural relationship.
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Return for Risk
URNG.L vs. URNM — Risk / Return Rank
URNG.L
URNM
URNG.L vs. URNM - 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 Sprott Uranium Miners 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.
| URNG.L | URNM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 1.71 | +0.27 |
| Martin ratioReturn relative to average drawdown | 5.06 | 3.70 | +1.35 |
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
| URNG.L | URNM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.01 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.68 | -0.16 |
Drawdowns
URNG.L vs. URNM - Drawdown Comparison
The maximum URNG.L drawdown since its inception was -38.98%, smaller than the maximum URNM drawdown of -51.03%. Use the drawdown chart below to compare losses from any high point for URNG.L and URNM.
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Drawdown Indicators
| URNG.L | URNM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -51.03% | +12.05% |
Max Drawdown (1Y)Largest decline over 1 year | -32.59% | -29.98% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -38.98% | -51.03% | +12.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -51.03% | — |
Current DrawdownCurrent decline from peak | -13.93% | -25.22% | +11.29% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -16.36% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 13.78% | -1.03% |
Volatility
URNG.L vs. URNM - Volatility Comparison
Global X Uranium UCITS ETF USD Accumulating (URNG.L) and Sprott Uranium Miners ETF (URNM) have volatilities of 14.89% and 15.54%, 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
| URNG.L | URNM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.89% | 15.54% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 33.87% | 38.75% | -4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.10% | 50.47% | -1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.66% | 46.46% | -6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.66% | 45.23% | -5.57% |
URNG.L vs. URNM - Expense Ratio Comparison
URNG.L has a 0.65% expense ratio, which is lower than URNM's 0.85% expense ratio.
Dividends
URNG.L vs. URNM - Dividend Comparison
URNG.L has not paid dividends to shareholders, while URNM's dividend yield for the trailing twelve months is around 2.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
URNG.L Global X Uranium UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URNM Sprott Uranium Miners ETF | 2.86% | 3.18% | 3.18% | 3.63% | 0.00% | 6.70% | 2.57% |
Frequently Asked Questions
URNG.L and URNM have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, URNG.L is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
URNG.L is cheaper with a 0.65% expense ratio, compared with 0.85% for URNM.
URNG.L tracks Solactive Global Uranium & Nuclear Components, while URNM tracks VettaFi Global Uranium Miners Index. They also come from different issuers: Global X and Sprott. Their fees differ too: 0.65% for URNG.L and 0.85% for URNM.
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