URNJ vs. NEP
Compare and contrast key facts about Sprott Junior Uranium Miners ETF (URNJ) and NextEra Energy Partners, LP (NEP).
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 NEP.
Key characteristics
| URNJ | NEP | |
|---|---|---|
| YTD Return | -20.26% | -8.40% |
| 1Y Return | -13.87% | -43.07% |
| Sharpe Ratio | -0.21 | -0.68 |
| Daily Std Dev | 50.23% | 60.89% |
| Max Drawdown | -44.46% | -74.49% |
| Current Drawdown | -37.92% | -64.41% |
Correlation
The correlation between URNJ and NEP is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
URNJ vs. NEP - Performance Comparison
In the year-to-date period, URNJ achieves a -20.26% return, which is significantly lower than NEP's -8.40% 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. NEP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Uranium Miners ETF (URNJ) and NextEra Energy Partners, LP (NEP). 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. NEP - Dividend Comparison
URNJ's dividend yield for the trailing twelve months is around 5.05%, less than NEP's 14.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
URNJ Sprott Junior Uranium Miners ETF | 5.05% | 4.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEP NextEra Energy Partners, LP | 14.00% | 11.10% | 4.27% | 3.08% | 3.37% | 3.74% | 3.98% | 3.46% | 5.08% | 3.03% | 0.56% |
Drawdowns
URNJ vs. NEP - Drawdown Comparison
The maximum URNJ drawdown since its inception was -44.46%, smaller than the maximum NEP drawdown of -74.49%. Use the drawdown chart below to compare losses from any high point for URNJ and NEP. For additional features, visit the drawdowns tool.
Volatility
URNJ vs. NEP - Volatility Comparison
Sprott Junior Uranium Miners ETF (URNJ) has a higher volatility of 20.60% compared to NextEra Energy Partners, LP (NEP) at 7.71%. This indicates that URNJ's price experiences larger fluctuations and is considered to be riskier than NEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.