URNJ vs. UEC
Compare and contrast key facts about Sprott Junior Uranium Miners ETF (URNJ) and Uranium Energy Corp. (UEC).
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 UEC.
Key characteristics
| URNJ | UEC | |
|---|---|---|
| YTD Return | -21.03% | -22.19% |
| 1Y Return | -12.66% | -2.35% |
| Sharpe Ratio | -0.31 | -0.12 |
| Daily Std Dev | 50.13% | 58.34% |
| Max Drawdown | -44.46% | -97.95% |
| Current Drawdown | -38.51% | -46.16% |
Correlation
The correlation between URNJ and UEC is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
URNJ vs. UEC - Performance Comparison
In the year-to-date period, URNJ achieves a -21.03% return, which is significantly higher than UEC's -22.19% 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. UEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Uranium Miners ETF (URNJ) and Uranium Energy Corp. (UEC). 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. UEC - Dividend Comparison
URNJ's dividend yield for the trailing twelve months is around 5.10%, while UEC has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
URNJ Sprott Junior Uranium Miners ETF | 5.10% | 4.03% |
UEC Uranium Energy Corp. | 0.00% | 0.00% |
Drawdowns
URNJ vs. UEC - Drawdown Comparison
The maximum URNJ drawdown since its inception was -44.46%, smaller than the maximum UEC drawdown of -97.95%. Use the drawdown chart below to compare losses from any high point for URNJ and UEC. For additional features, visit the drawdowns tool.
Volatility
URNJ vs. UEC - Volatility Comparison
The current volatility for Sprott Junior Uranium Miners ETF (URNJ) is 20.49%, while Uranium Energy Corp. (UEC) has a volatility of 25.02%. This indicates that URNJ experiences smaller price fluctuations and is considered to be less risky than UEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.