URNJ vs. RING
Compare and contrast key facts about Sprott Junior Uranium Miners ETF (URNJ) and iShares MSCI Global Gold Miners ETF (RING).
URNJ and RING are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. RING is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Gold Miners Investable Market Index. It was launched on Jan 31, 2012. Both URNJ and RING are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: URNJ or RING.
Key characteristics
| URNJ | RING | |
|---|---|---|
| YTD Return | -4.62% | 22.96% |
| 1Y Return | 4.59% | 44.38% |
| Sharpe Ratio | 0.09 | 1.31 |
| Sortino Ratio | 0.50 | 1.84 |
| Omega Ratio | 1.06 | 1.23 |
| Calmar Ratio | 0.10 | 0.78 |
| Martin Ratio | 0.23 | 5.70 |
| Ulcer Index | 19.82% | 7.45% |
| Daily Std Dev | 49.78% | 32.49% |
| Max Drawdown | -44.46% | -79.47% |
| Current Drawdown | -25.74% | -32.39% |
Correlation
The correlation between URNJ and RING is 0.36, 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. RING - Performance Comparison
In the year-to-date period, URNJ achieves a -4.62% return, which is significantly lower than RING's 22.96% 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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URNJ vs. RING - Expense Ratio Comparison
URNJ has a 0.80% expense ratio, which is higher than RING's 0.39% expense ratio.
Risk-Adjusted Performance
URNJ vs. RING - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Uranium Miners ETF (URNJ) and iShares MSCI Global Gold Miners ETF (RING). 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. RING - Dividend Comparison
URNJ's dividend yield for the trailing twelve months is around 4.23%, more than RING's 1.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URNJ Sprott Junior Uranium Miners ETF | 4.23% | 4.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RING iShares MSCI Global Gold Miners ETF | 1.56% | 2.01% | 2.29% | 2.38% | 0.82% | 0.83% | 0.70% | 0.42% | 1.42% | 0.97% | 0.85% | 1.48% |
Drawdowns
URNJ vs. RING - Drawdown Comparison
The maximum URNJ drawdown since its inception was -44.46%, smaller than the maximum RING drawdown of -79.47%. Use the drawdown chart below to compare losses from any high point for URNJ and RING. For additional features, visit the drawdowns tool.
Volatility
URNJ vs. RING - Volatility Comparison
Sprott Junior Uranium Miners ETF (URNJ) has a higher volatility of 12.46% compared to iShares MSCI Global Gold Miners ETF (RING) at 10.97%. This indicates that URNJ's price experiences larger fluctuations and is considered to be riskier than RING based on this measure. The chart below showcases a comparison of their rolling one-month volatility.