URNJ vs. TBIL

Last updated Jun 5, 2026

URNJ (Sprott Junior Uranium Miners ETF) and TBIL (US Treasury 3 Month Bill ETF) are both exchange-traded funds - URNJ is a Energy Equities fund tracking the Nasdaq Sprott Junior Uranium Miners Index - Benchmark TR Gross, while TBIL is a Ultrashort Bond fund tracking the ICE BofA US Treasury Bill 3 Month Index. Both are passively managed. Over the past 3 years, URNJ returned 23.94%/yr vs 4.63%/yr for TBIL. At a correlation of -0.05, they often move in opposite directions. URNJ charges 0.80%/yr vs 0.15%/yr for TBIL.

Performance

URNJ vs. TBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Junior Uranium Miners ETF (URNJ) and US Treasury 3 Month Bill ETF (TBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, URNJ achieves a 9.96% return, which is significantly higher than TBIL's 1.51% return.

URNJ

• 1D: -1.95%
• 1M: -7.79%
• YTD: 9.96%
• 6M: 3.54%
• 1Y: 58.13%
• 3Y*: 23.94%
• 5Y*: —
• 10Y*: —

TBIL

• 1D: 0.02%
• 1M: 0.28%
• YTD: 1.51%
• 6M: 1.78%
• 1Y: 3.93%
• 3Y*: 4.63%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

URNJ vs. TBIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
URNJ Sprott Junior Uranium Miners ETF	9.96%	45.35%	-18.34%	19.92%
TBIL US Treasury 3 Month Bill ETF	1.51%	4.19%	5.15%	4.69%

Correlation

The correlation between URNJ and TBIL is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023	-0.05

Return for Risk

URNJ vs. TBIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

URNJ

URNJ Risk / Return Rank: 29
URNJ Sharpe Ratio Rank: 27
URNJ Sortino Ratio Rank: 31
URNJ Omega Ratio Rank: 28
URNJ Calmar Ratio Rank: 34
URNJ Martin Ratio Rank: 25

TBIL

TBIL Risk / Return Rank: 100
TBIL Sharpe Ratio Rank: 100
TBIL Sortino Ratio Rank: 100
TBIL Omega Ratio Rank: 100
TBIL Calmar Ratio Rank: 100
TBIL Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

URNJ vs. TBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Uranium Miners ETF (URNJ) and US Treasury 3 Month Bill ETF (TBIL). 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	TBIL	Difference
Sharpe ratio: Return per unit of total volatility	0.96	13.78	-12.82
Sortino ratio: Return per unit of downside risk	1.63	58.40	-56.77
Omega ratio: Gain probability vs. loss probability	1.19	17.16	-15.97
Calmar ratio: Return relative to maximum drawdown	1.64	196.84	-195.19
Martin ratio: Return relative to average drawdown	3.32	934.40	-931.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URNJ vs. TBIL - Sharpe Ratio Comparison

The current URNJ Sharpe Ratio is 0.96, which is lower than the TBIL Sharpe Ratio of 13.78. The chart below compares the historical Sharpe Ratios of URNJ and TBIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	URNJ	TBIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	13.78	-12.82
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	14.08	-13.81

Drawdowns

URNJ vs. TBIL - Drawdown Comparison

The maximum URNJ drawdown since its inception was -59.21%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for URNJ and TBIL.

Drawdown Indicators

	URNJ	TBIL	Difference
Max Drawdown Largest peak-to-trough decline	-59.21%	-0.10%	-59.11%
Max Drawdown (1Y) Largest decline over 1 year	-35.54%	-0.02%	-35.52%
Max Drawdown (3Y) Largest decline over 3 years	-59.21%	-0.02%	-59.19%
Current Drawdown Current decline from peak	-31.46%	0.00%	-31.46%
Average Drawdown Average peak-to-trough decline	-21.18%	-0.00%	-21.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.58%	0.00%	+17.58%

Volatility

URNJ vs. TBIL - Volatility Comparison

Sprott Junior Uranium Miners ETF (URNJ) has a higher volatility of 17.47% compared to US Treasury 3 Month Bill ETF (TBIL) at 0.08%. This indicates that URNJ's price experiences larger fluctuations and is considered to be riskier than TBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URNJ	TBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.47%	0.08%	+17.39%
Volatility (6M) Calculated over the trailing 6-month period	45.56%	0.19%	+45.37%
Volatility (1Y) Calculated over the trailing 1-year period	61.05%	0.29%	+60.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.32%	0.32%	+53.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.32%	0.32%	+53.00%

URNJ vs. TBIL - Expense Ratio Comparison

URNJ has a 0.80% expense ratio, which is higher than TBIL's 0.15% expense ratio.

Dividends

URNJ vs. TBIL - Dividend Comparison

URNJ's dividend yield for the trailing twelve months is around 5.99%, more than TBIL's 3.82% yield.

Position	TTM	2025	2024	2023	2022
TBIL US Treasury 3 Month Bill ETF	3.82%	4.07%	5.02%	5.00%	1.10%
URNJ Sprott Junior Uranium Miners ETF	5.99%	6.58%	4.33%	4.03%	0.00%

Frequently Asked Questions

Can I hold both URNJ and TBIL in my portfolio?

URNJ and TBIL have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URNJ or TBIL?

URNJ has higher volatility (17.47%) compared to TBIL (0.08%). In terms of maximum drawdown, URNJ dropped -59.21% vs TBIL's -0.10%.

Which ETF is better, URNJ or TBIL?

On 3-year performance, URNJ leads with 23.94% vs 4.63% for TBIL. On fees, TBIL is cheaper at 0.15% per year. On volatility, TBIL has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URNJ or TBIL?

Over the 3-year period, URNJ has performed better with a 23.94% return vs 4.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URNJ or TBIL?

TBIL is cheaper with a 0.15% expense ratio, compared with 0.80% for URNJ.

Which ETF pays a higher dividend yield, URNJ or TBIL?

URNJ has the higher dividend yield at 5.99%, compared with 3.82% for TBIL.

What is the main difference between URNJ and TBIL?

URNJ is categorized as Energy Equities, while TBIL is Ultrashort Bond. URNJ tracks Nasdaq Sprott Junior Uranium Miners Index - Benchmark TR Gross, while TBIL tracks ICE BofA US Treasury Bill 3 Month Index. They also come from different issuers: Sprott and US Benchmark Series. Their fees differ too: 0.80% for URNJ and 0.15% for TBIL.

Which has better risk-adjusted returns?

TBIL currently has the higher Sharpe Ratio (13.78 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.