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.
Correlation
The correlation between URNJ and NEP is 0.16, 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
Key characteristics
URNJ:
-0.62
NEP:
-1.11
URNJ:
-0.70
NEP:
-1.68
URNJ:
0.92
NEP:
0.76
URNJ:
-0.71
NEP:
-0.70
URNJ:
-1.29
NEP:
-2.14
URNJ:
24.36%
NEP:
27.86%
URNJ:
50.57%
NEP:
53.89%
URNJ:
-44.46%
NEP:
-84.64%
URNJ:
-39.74%
NEP:
-84.49%
Returns By Period
In the year-to-date period, URNJ achieves a -5.22% return, which is significantly higher than NEP's -40.79% return.
URNJ
-5.22%
-11.95%
-5.59%
-26.64%
N/A
N/A
NEP
-40.79%
-38.18%
-57.00%
-58.47%
-25.31%
-8.18%
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Risk-Adjusted Performance
URNJ vs. NEP — Risk-Adjusted Performance Rank
URNJ
NEP
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 4.57%, less than NEP's 25.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URNJ Sprott Junior Uranium Miners ETF | 4.57% | 4.33% | 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 | 25.76% | 20.20% | 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 -84.64%. 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
The current volatility for Sprott Junior Uranium Miners ETF (URNJ) is 16.85%, while NextEra Energy Partners, LP (NEP) has a volatility of 32.10%. This indicates that URNJ experiences smaller price fluctuations and is considered to be less risky than NEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.