URNJ vs. PSLV
URNJ (Sprott Junior Uranium Miners ETF) and PSLV (Sprott Physical Silver Trust) are both exchange-traded funds - URNJ is a Energy Equities fund tracking the Nasdaq Sprott Junior Uranium Miners Index - Benchmark TR Gross, while PSLV is a Silver fund tracking the No Index (Physical Silver). Both are passively managed. Over the past 3 years, URNJ returned 23.94%/yr vs 42.33%/yr for PSLV. At a 0.34 correlation, their price movements are largely independent. URNJ charges 0.80%/yr vs 0.51%/yr for PSLV.
Performance
URNJ vs. PSLV - Performance Comparison
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Returns By Period
In the year-to-date period, URNJ achieves a 9.96% return, which is significantly higher than PSLV's -0.89% return.
URNJ
- 1D
- -1.95%
- 1M
- -7.79%
- YTD
- 9.96%
- 6M
- 3.54%
- 1Y
- 58.13%
- 3Y*
- 23.94%
- 5Y*
- —
- 10Y*
- —
PSLV
- 1D
- 0.90%
- 1M
- -0.64%
- YTD
- -0.89%
- 6M
- 23.11%
- 1Y
- 102.24%
- 3Y*
- 42.33%
- 5Y*
- 18.65%
- 10Y*
- 14.02%
URNJ vs. PSLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
URNJ Sprott Junior Uranium Miners ETF | 9.96% | 45.35% | -18.34% | 19.92% |
PSLV Sprott Physical Silver Trust | -0.89% | 145.08% | 19.43% | 1.25% |
Correlation
The correlation between URNJ and PSLV is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023 | 0.34 |
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Return for Risk
URNJ vs. PSLV — Risk / Return Rank
URNJ
PSLV
URNJ vs. PSLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Uranium Miners ETF (URNJ) and Sprott Physical Silver Trust (PSLV). 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.
| URNJ | PSLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 2.53 | -0.89 |
| Martin ratioReturn relative to average drawdown | 3.32 | 5.58 | -2.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| URNJ | PSLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.76 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.53 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.17 | +0.10 |
Drawdowns
URNJ vs. PSLV - Drawdown Comparison
The maximum URNJ drawdown since its inception was -59.21%, smaller than the maximum PSLV drawdown of -79.38%. Use the drawdown chart below to compare losses from any high point for URNJ and PSLV.
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Drawdown Indicators
| URNJ | PSLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.21% | -79.38% | +20.17% |
Max Drawdown (1Y)Largest decline over 1 year | -35.54% | -40.65% | +5.11% |
Max Drawdown (3Y)Largest decline over 3 years | -59.21% | -40.65% | -18.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.79% | — |
Current DrawdownCurrent decline from peak | -31.46% | -35.53% | +4.07% |
Average DrawdownAverage peak-to-trough decline | -21.18% | -58.15% | +36.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.58% | 18.38% | -0.80% |
Volatility
URNJ vs. PSLV - Volatility Comparison
Sprott Junior Uranium Miners ETF (URNJ) has a higher volatility of 17.47% compared to Sprott Physical Silver Trust (PSLV) at 16.60%. This indicates that URNJ's price experiences larger fluctuations and is considered to be riskier than PSLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URNJ | PSLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.47% | 16.60% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 45.56% | 57.34% | -11.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.05% | 58.49% | +2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.32% | 35.64% | +17.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.32% | 31.14% | +22.18% |
URNJ vs. PSLV - Expense Ratio Comparison
URNJ has a 0.80% expense ratio, which is higher than PSLV's 0.51% expense ratio.
Dividends
URNJ vs. PSLV - Dividend Comparison
URNJ's dividend yield for the trailing twelve months is around 5.99%, while PSLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PSLV Sprott Physical Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% |
URNJ Sprott Junior Uranium Miners ETF | 5.99% | 6.58% | 4.33% | 4.03% |
Frequently Asked Questions
URNJ and PSLV have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URNJ has higher volatility (17.47%) compared to PSLV (16.60%). In terms of maximum drawdown, URNJ dropped -59.21% vs PSLV's -79.38%.
On 3-year performance, PSLV leads with 42.33% vs 23.94% for URNJ. On fees, PSLV is cheaper at 0.51% per year. On volatility, PSLV has been the lower-risk option at 16.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PSLV has performed better with a 42.33% return vs 23.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSLV is cheaper with a 0.51% expense ratio, compared with 0.80% for URNJ.
URNJ has the higher dividend yield at 5.99%, compared with 0.00% for PSLV.
URNJ is categorized as Energy Equities, while PSLV is Silver. URNJ tracks Nasdaq Sprott Junior Uranium Miners Index - Benchmark TR Gross, while PSLV tracks No Index (Physical Silver). Their fees differ too: 0.80% for URNJ and 0.51% for PSLV.
PSLV currently has the higher Sharpe Ratio (1.76 vs 0.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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