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 | -2.37% | -33.74% |
| 1Y Return | 7.01% | -16.01% |
| Sharpe Ratio | 0.20 | -0.52 |
| Sortino Ratio | 0.65 | -0.49 |
| Omega Ratio | 1.08 | 0.94 |
| Calmar Ratio | 0.22 | -0.34 |
| Martin Ratio | 0.50 | -1.49 |
| Ulcer Index | 19.75% | 17.18% |
| Daily Std Dev | 49.69% | 48.67% |
| Max Drawdown | -44.46% | -74.49% |
| Current Drawdown | -23.99% | -74.25% |
Correlation
The correlation between URNJ and NEP is 0.22, 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 -2.37% return, which is significantly higher than NEP's -33.74% 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 4.13%, less than NEP's 20.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
URNJ Sprott Junior Uranium Miners ETF | 4.13% | 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 | 20.55% | 11.11% | 4.27% | 3.08% | 3.38% | 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
The current volatility for Sprott Junior Uranium Miners ETF (URNJ) is 12.39%, while NextEra Energy Partners, LP (NEP) has a volatility of 21.64%. 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.