URNJ vs. CCJ
Compare and contrast key facts about Sprott Junior Uranium Miners ETF (URNJ) and Cameco Corporation (CCJ).
URNJ is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Junior Uranium Miners Index - Benchmark TR Gross. It was launched on Feb 1, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: URNJ or CCJ.
Key characteristics
| URNJ | CCJ | |
|---|---|---|
| YTD Return | -16.79% | -4.69% |
| 1Y Return | -8.34% | 4.20% |
| Sharpe Ratio | -0.16 | 0.12 |
| Daily Std Dev | 50.29% | 43.46% |
| Max Drawdown | -44.46% | -87.86% |
| Current Drawdown | -35.21% | -26.00% |
Correlation
The correlation between URNJ and CCJ is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
URNJ vs. CCJ - Performance Comparison
In the year-to-date period, URNJ achieves a -16.79% return, which is significantly lower than CCJ's -4.69% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
URNJ vs. CCJ - Risk-Adjusted Performance 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.
Dividends
URNJ vs. CCJ - Dividend Comparison
URNJ's dividend yield for the trailing twelve months is around 4.84%, more than CCJ's 0.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URNJ Sprott Junior Uranium Miners ETF | 4.84% | 4.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CCJ Cameco Corporation | 0.21% | 0.20% | 0.39% | 0.29% | 0.46% | 0.68% | 0.53% | 3.37% | 2.88% | 2.49% | 2.19% | 1.85% |
Drawdowns
URNJ vs. CCJ - Drawdown Comparison
The maximum URNJ drawdown since its inception was -44.46%, smaller than the maximum CCJ drawdown of -87.86%. Use the drawdown chart below to compare losses from any high point for URNJ and CCJ. For additional features, visit the drawdowns tool.
Volatility
URNJ vs. CCJ - Volatility Comparison
Sprott Junior Uranium Miners ETF (URNJ) has a higher volatility of 21.19% compared to Cameco Corporation (CCJ) at 13.53%. 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.