URNG.L vs. URNU.L
URNG.L (Global X Uranium UCITS ETF USD Accumulating) and URNU.L (Global X Uranium UCITS ETF USD Acc) are both Commodity Producers Equities funds from Global X - URNG.L tracks the Solactive Global Uranium & Nuclear Components while URNU.L tracks the Solactive Global Uranium & Nuclear Components Total Return v2 Index. Both are passively managed. Over the past 3 years, URNG.L returned 36.12%/yr vs 35.96%/yr for URNU.L. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.65% expense ratio.
Performance
URNG.L vs. URNU.L - Performance Comparison
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Different Trading Currencies
URNG.L is traded in GBP, while URNU.L is traded in USD. To make them comparable, the URNU.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with URNG.L having a 18.27% return and URNU.L slightly lower at 17.56%.
URNG.L
- 1D
- -0.48%
- 1M
- -7.77%
- YTD
- 18.27%
- 6M
- 7.25%
- 1Y
- 64.64%
- 3Y*
- 36.12%
- 5Y*
- —
- 10Y*
- —
URNU.L
- 1D
- -1.01%
- 1M
- -8.60%
- YTD
- 17.56%
- 6M
- 6.33%
- 1Y
- 63.64%
- 3Y*
- 35.96%
- 5Y*
- —
- 10Y*
- —
URNG.L vs. URNU.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% | 5.04% |
URNU.L Global X Uranium UCITS ETF USD Acc | 17.56% | 58.33% | 2.99% | 32.92% | 3.46% |
Correlation
The correlation between URNG.L and URNU.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 | 0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2022 | 0.98 |
The correlation between URNG.L and URNU.L has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
URNG.L vs. URNU.L — Risk / Return Rank
URNG.L
URNU.L
URNG.L vs. URNU.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 Acc (URNU.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 | URNU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 2.00 | -0.02 |
| Martin ratioReturn relative to average drawdown | 5.06 | 4.94 | +0.12 |
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 | URNU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.27 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.81 | -0.28 |
Drawdowns
URNG.L vs. URNU.L - Drawdown Comparison
The maximum URNG.L drawdown since its inception was -38.98%, roughly equal to the maximum URNU.L drawdown of -39.24%. Use the drawdown chart below to compare losses from any high point for URNG.L and URNU.L.
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Drawdown Indicators
| URNG.L | URNU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -39.24% | +0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -32.59% | -31.58% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -38.98% | -39.24% | +0.26% |
Current DrawdownCurrent decline from peak | -13.93% | -14.78% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -11.17% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 12.81% | -0.06% |
Volatility
URNG.L vs. URNU.L - Volatility Comparison
Global X Uranium UCITS ETF USD Accumulating (URNG.L) and Global X Uranium UCITS ETF USD Acc (URNU.L) have volatilities of 14.89% and 14.62%, 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 | URNU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.89% | 14.62% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 33.87% | 34.61% | -0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.10% | 49.63% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.66% | 39.90% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.66% | 39.90% | -0.24% |
URNG.L vs. URNU.L - Expense Ratio Comparison
Both URNG.L and URNU.L have an expense ratio of 0.65%.
Dividends
URNG.L vs. URNU.L - Dividend Comparison
Neither URNG.L nor URNU.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, URNG.L and URNU.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.
Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
URNG.L and URNU.L have the same expense ratio: 0.65% per year.
URNG.L tracks Solactive Global Uranium & Nuclear Components, while URNU.L tracks Solactive Global Uranium & Nuclear Components Total Return v2 Index.
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