URNJ vs. URAA

Last updated Apr 2, 2026

Compare and contrast key facts about Sprott Junior Uranium Miners ETF (URNJ) and Direxion Daily Uranium Industry Bull 2X Shares (URAA).

URNJ and URAA 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. URAA is a passively managed fund by Direxion that tracks the performance of the Solactive United States Uranium and Nuclear Energy ETF Select Index (200%). It was launched on Jun 25, 2024. Both URNJ and URAA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

URNJ vs. URAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Junior Uranium Miners ETF (URNJ) and Direxion Daily Uranium Industry Bull 2X Shares (URAA). The values are adjusted to include any dividend payments, if applicable.

URNJ vs. URAA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URNJ Sprott Junior Uranium Miners ETF	18.53%	45.35%	-19.46%
URAA Direxion Daily Uranium Industry Bull 2X Shares	17.77%	88.33%	-26.53%

Returns By Period

The year-to-date returns for both stocks are quite close, with URNJ having a 18.53% return and URAA slightly lower at 17.77%.

URNJ

• 1D: 1.98%
• 1M: -17.92%
• YTD: 18.53%
• 6M: 11.54%
• 1Y: 125.27%
• 3Y*: 30.70%
• 5Y*: —
• 10Y*: —

URAA

• 1D: 3.28%
• 1M: -27.08%
• YTD: 17.77%
• 6M: -6.10%
• 1Y: 227.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

URNJ vs. URAA - Expense Ratio Comparison

URNJ has a 0.80% expense ratio, which is lower than URAA's 1.28% expense ratio.

URAA

Direxion Daily Uranium Industry Bull 2X Shares

URNJ

Sprott Junior Uranium Miners ETF

Return for Risk

URNJ vs. URAA — Risk / Return Rank

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

URNJ

URNJ Risk / Return Rank: 85
URNJ Sharpe Ratio Rank: 89
URNJ Sortino Ratio Rank: 89
URNJ Omega Ratio Rank: 78
URNJ Calmar Ratio Rank: 93
URNJ Martin Ratio Rank: 78

URAA

URAA Risk / Return Rank: 89
URAA Sharpe Ratio Rank: 94
URAA Sortino Ratio Rank: 91
URAA Omega Ratio Rank: 82
URAA Calmar Ratio Rank: 96
URAA Martin Ratio Rank: 83

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. URAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Uranium Miners ETF (URNJ) and Direxion Daily Uranium Industry Bull 2X Shares (URAA). 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	URAA	Difference
Sharpe ratio Return per unit of total volatility	1.99	2.42	-0.43
Sortino ratio Return per unit of downside risk	2.57	2.74	-0.18
Omega ratio Gain probability vs. loss probability	1.31	1.34	-0.03
Calmar ratio Return relative to maximum drawdown	3.60	4.73	-1.13
Martin ratio Return relative to average drawdown	8.82	10.35	-1.53
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. URAA - Sharpe Ratio Comparison

The current URNJ Sharpe Ratio is 1.99, which is comparable to the URAA Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of URNJ and URAA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	URNJ	URAA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	2.42	-0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.36	-0.02

Correlation

The correlation between URNJ and URAA is 0.92, 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.

Dividends

URNJ vs. URAA - Dividend Comparison

URNJ's dividend yield for the trailing twelve months is around 5.55%, less than URAA's 8.64% yield.

	TTM	2025	2024	2023
URNJ Sprott Junior Uranium Miners ETF	5.55%	6.58%	4.33%	4.03%
URAA Direxion Daily Uranium Industry Bull 2X Shares	8.64%	9.14%	4.36%	0.00%

Drawdowns

URNJ vs. URAA - Drawdown Comparison

The maximum URNJ drawdown since its inception was -59.21%, smaller than the maximum URAA drawdown of -67.45%. Use the drawdown chart below to compare losses from any high point for URNJ and URAA.

Drawdown Indicators

	URNJ	URAA	Difference
Max Drawdown Largest peak-to-trough decline	-59.21%	-67.45%	+8.24%
Max Drawdown (1Y) Largest decline over 1 year	-34.13%	-49.11%	+14.98%
Current Drawdown Current decline from peak	-26.12%	-40.70%	+14.58%
Average Drawdown Average peak-to-trough decline	-20.93%	-26.36%	+5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.94%	22.44%	-8.50%

Volatility

URNJ vs. URAA - Volatility Comparison

The current volatility for Sprott Junior Uranium Miners ETF (URNJ) is 19.04%, while Direxion Daily Uranium Industry Bull 2X Shares (URAA) has a volatility of 28.01%. This indicates that URNJ experiences smaller price fluctuations and is considered to be less risky than URAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URNJ	URAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.04%	28.01%	-8.97%
Volatility (6M) Calculated over the trailing 6-month period	47.83%	73.94%	-26.11%
Volatility (1Y) Calculated over the trailing 1-year period	63.34%	94.44%	-31.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.22%	88.30%	-35.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.22%	88.30%	-35.08%