URNJ vs. CCJ
URNJ (Sprott Junior Uranium Miners ETF) is Uranium fund tracking the Nasdaq Sprott Junior Uranium Miners Index - Benchmark TR Gross, while CCJ (Cameco Corporation) is a stock. Over the past 3 years, URNJ returned 20.81%/yr vs 53.29%/yr for CCJ. Their correlation of 0.82 suggests significant overlap in exposure.
Performance
URNJ vs. CCJ - Performance Comparison
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Returns By Period
In the year-to-date period, URNJ achieves a -0.24% return, which is significantly lower than CCJ's 17.03% return.
URNJ
- 1D
- -4.34%
- 1M
- -6.58%
- YTD
- -0.24%
- 6M
- -3.16%
- 1Y
- 35.18%
- 3Y*
- 20.81%
- 5Y*
- —
- 10Y*
- —
CCJ
- 1D
- 0.54%
- 1M
- 2.21%
- YTD
- 17.03%
- 6M
- 16.75%
- 1Y
- 57.14%
- 3Y*
- 53.29%
- 5Y*
- 40.64%
- 10Y*
- 27.01%
URNJ vs. CCJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
URNJ Sprott Junior Uranium Miners ETF | -0.24% | 45.35% | -18.34% | 18.66% |
CCJ Cameco Corporation | 17.03% | 78.38% | 19.47% | 50.68% |
Correlation
The correlation between URNJ and CCJ is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023 | 0.82 |
The correlation between URNJ and CCJ has been stable across timeframes, ranging from 0.82 to 0.82 - a consistent structural relationship.
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Return for Risk
URNJ vs. CCJ — Risk / Return Rank
URNJ
CCJ
URNJ vs. CCJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Uranium Miners ETF (URNJ) and Cameco Corporation (CCJ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| URNJ | CCJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.21 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 1.97 | -1.16 |
| Martin ratioReturn relative to average drawdown | 1.83 | 4.65 | -2.82 |
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Drawdowns
URNJ vs. CCJ - Drawdown Comparison
The maximum URNJ drawdown since its inception was -59.21%, smaller than the maximum CCJ drawdown of -87.53%. Use the drawdown chart below to compare losses from any high point for URNJ and CCJ.
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Drawdown Indicators
| URNJ | CCJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.21% | -87.53% | +28.32% |
Max Drawdown (1Y)Largest decline over 1 year | -43.66% | -29.13% | -14.53% |
Max Drawdown (3Y)Largest decline over 3 years | -59.21% | -40.01% | -19.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.22% | — |
Current DrawdownCurrent decline from peak | -37.82% | -20.15% | -17.67% |
Average DrawdownAverage peak-to-trough decline | -21.53% | -46.06% | +24.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.31% | 12.33% | +6.98% |
Volatility
URNJ vs. CCJ - Volatility Comparison
Sprott Junior Uranium Miners ETF (URNJ) has a higher volatility of 19.76% compared to Cameco Corporation (CCJ) at 18.28%. This indicates that URNJ's price experiences larger fluctuations and is considered to be riskier than CCJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URNJ | CCJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.76% | 18.28% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 47.08% | 39.80% | +7.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.91% | 55.45% | +6.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.69% | 49.78% | +3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.69% | 46.81% | +6.88% |
Dividends
URNJ vs. CCJ - Dividend Comparison
URNJ's dividend yield for the trailing twelve months is around 6.60%, more than CCJ's 0.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCJ Cameco Corporation | 0.16% | 0.19% | 0.22% | 0.20% | 0.39% | 0.29% | 0.46% | 0.67% | 0.53% | 4.33% | 3.82% | 3.24% |
URNJ Sprott Junior Uranium Miners ETF | 6.60% | 6.58% | 4.33% | 4.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
URNJ and CCJ have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URNJ has higher volatility (19.76%) compared to CCJ (18.28%). In terms of maximum drawdown, URNJ dropped -59.21% vs CCJ's -87.53%.
CCJ currently has the higher Sharpe Ratio (1.04 vs 0.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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