Correlation
The correlation between URNJ and NEP is 0.27, 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.
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.
Performance
URNJ vs. NEP - Performance Comparison
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Key characteristics
Returns By Period
URNJ
-1.94%
17.78%
-21.78%
-34.22%
N/A
N/A
N/A
NEP
N/A
N/A
N/A
N/A
N/A
N/A
N/A
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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.
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Dividends
URNJ vs. NEP - Dividend Comparison
URNJ's dividend yield for the trailing twelve months is around 4.42%, while NEP has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URNJ Sprott Junior Uranium Miners ETF | 4.42% | 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 | 17.29% | 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
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Volatility
URNJ vs. NEP - Volatility Comparison
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