URNG.L vs. WREE.L
URNG.L (Global X Uranium UCITS ETF USD Accumulating) and WREE.L (WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc) are both Commodity Producers Equities funds - URNG.L tracks the Solactive Global Uranium & Nuclear Components while WREE.L tracks the WisdomTree Strategic Metals and Rare Earths Miners Index. Both are passively managed. Over the past year, URNG.L returned 64.64% vs 112.06% for WREE.L. A 0.56 correlation means they provide meaningful diversification when combined. URNG.L charges 0.65%/yr vs 0.50%/yr for WREE.L.
Performance
URNG.L vs. WREE.L - Performance Comparison
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Different Trading Currencies
URNG.L is traded in GBP, while WREE.L is traded in GBp. To make them comparable, the WREE.L 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 WREE.L's 16.75% return.
URNG.L
- 1D
- -0.48%
- 1M
- -7.77%
- YTD
- 18.27%
- 6M
- 7.25%
- 1Y
- 64.64%
- 3Y*
- 36.12%
- 5Y*
- —
- 10Y*
- —
WREE.L
- 1D
- -1.12%
- 1M
- -7.90%
- YTD
- 16.75%
- 6M
- 26.79%
- 1Y
- 112.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
URNG.L vs. WREE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
URNG.L Global X Uranium UCITS ETF USD Accumulating | 18.27% | 58.50% | -7.67% |
WREE.L WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc | 16.75% | 100.33% | -10.09% |
Correlation
The correlation between URNG.L and WREE.L is 0.58, 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 | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2024 | 0.56 |
The correlation between URNG.L and WREE.L has been stable across timeframes, ranging from 0.56 to 0.58 - a consistent structural relationship.
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Return for Risk
URNG.L vs. WREE.L — Risk / Return Rank
URNG.L
WREE.L
URNG.L vs. WREE.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 WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.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 | WREE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.44 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 4.84 | -2.87 |
| Martin ratioReturn relative to average drawdown | 5.06 | 16.54 | -11.48 |
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 | WREE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 3.03 | -1.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 1.36 | -0.83 |
Drawdowns
URNG.L vs. WREE.L - Drawdown Comparison
The maximum URNG.L drawdown since its inception was -38.98%, which is greater than WREE.L's maximum drawdown of -27.50%. Use the drawdown chart below to compare losses from any high point for URNG.L and WREE.L.
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Drawdown Indicators
| URNG.L | WREE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -27.50% | -11.48% |
Max Drawdown (1Y)Largest decline over 1 year | -32.59% | -23.01% | -9.58% |
Max Drawdown (3Y)Largest decline over 3 years | -38.98% | — | — |
Current DrawdownCurrent decline from peak | -13.93% | -12.62% | -1.31% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -8.58% | -4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 6.75% | +6.00% |
Volatility
URNG.L vs. WREE.L - Volatility Comparison
Global X Uranium UCITS ETF USD Accumulating (URNG.L) has a higher volatility of 14.89% compared to WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.L) at 13.81%. This indicates that URNG.L's price experiences larger fluctuations and is considered to be riskier than WREE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URNG.L | WREE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.89% | 13.81% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 33.87% | 29.92% | +3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.10% | 36.84% | +12.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.66% | 30.41% | +9.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.66% | 30.41% | +9.25% |
URNG.L vs. WREE.L - Expense Ratio Comparison
URNG.L has a 0.65% expense ratio, which is higher than WREE.L's 0.50% expense ratio.
Dividends
URNG.L vs. WREE.L - Dividend Comparison
Neither URNG.L nor WREE.L has paid dividends to shareholders.
Frequently Asked Questions
URNG.L and WREE.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WREE.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WREE.L is cheaper with a 0.50% expense ratio, compared with 0.65% for URNG.L.
URNG.L tracks Solactive Global Uranium & Nuclear Components, while WREE.L tracks WisdomTree Strategic Metals and Rare Earths Miners Index. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.65% for URNG.L and 0.50% for WREE.L.
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