URNM.AX vs. BNKS.AX

Last updated Aug 1, 2026

URNM.AX (BetaShares Global Uranium ETF) and BNKS.AX (BetaShares Global Banks Currency Hedged ETF) are both exchange-traded funds - URNM.AX is a Uranium fund tracking the Indxx North Shore Uranium Mining Index, while BNKS.AX is a Financials Equities fund tracking the Nasdaq Global ex-Australia Banks Hedged AUD Index. Both are passively managed. Over the past 3 years, URNM.AX returned 18.16%/yr vs 33.60%/yr for BNKS.AX. Their 0.34 correlation means their historical movements had little consistent relationship. URNM.AX charges 0.69%/yr vs 0.57%/yr for BNKS.AX.

Performance

URNM.AX vs. BNKS.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in BetaShares Global Uranium ETF (URNM.AX) and BetaShares Global Banks Currency Hedged ETF (BNKS.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, URNM.AX achieves a -6.71% return, which is significantly lower than BNKS.AX's 20.40% return.

URNM.AX

• 1D: 4.23%
• 1M: -6.69%
• 6M: -33.63%
• YTD: -6.71%
• 1Y: 15.03%
• 3Y*: 18.16%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.29%

BNKS.AX

• 1D: 2.45%
• 1M: 3.88%
• 6M: 19.15%
• YTD: 20.40%
• 1Y: 45.87%
• 3Y*: 33.60%
• 5Y*: 18.91%
• 10Y*: 12.93%
• ALL TIME*: 12.79%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BNKS.AX BetaShares Global Banks Currency Hedged ETF	A$519.53K	A$441.79K	A$716.43K
URNM.AX BetaShares Global Uranium ETF	A$1.35M	A$1.29M	A$1.87M

URNM.AX vs. BNKS.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
URNM.AX BetaShares Global Uranium ETF	-6.71%	33.59%	-5.17%	57.03%	-9.61%
BNKS.AX BetaShares Global Banks Currency Hedged ETF	20.40%	46.54%	29.51%	9.49%	-3.48%

Correlation

The correlation between URNM.AX and BNKS.AX is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.28
Correlation (All Time) Calculated using the full available price history since Jun 8, 2022	0.34

The correlation between URNM.AX and BNKS.AX shifts across timeframes, from 0.28 (3 years) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

URNM.AX vs. BNKS.AX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

URNM.AX

URNM.AX Risk / Return Rank: 18
URNM.AX Sharpe Ratio Rank: 17
URNM.AX Sortino Ratio Rank: 21
URNM.AX Omega Ratio Rank: 20
URNM.AX Calmar Ratio Rank: 16
URNM.AX Martin Ratio Rank: 16

BNKS.AX

BNKS.AX Risk / Return Rank: 87
BNKS.AX Sharpe Ratio Rank: 91
BNKS.AX Sortino Ratio Rank: 89
BNKS.AX Omega Ratio Rank: 89
BNKS.AX Calmar Ratio Rank: 84
BNKS.AX Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

URNM.AX vs. BNKS.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaShares Global Uranium ETF (URNM.AX) and BetaShares Global Banks Currency Hedged ETF (BNKS.AX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	URNM.AX	BNKS.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.27	2.32	-2.05
Sortino ratio: Return per unit of downside risk	0.72	3.13	-2.41
Omega ratio: Gain probability vs. loss probability	1.08	1.41	-0.32
Calmar ratio: Return relative to maximum drawdown	0.33	3.19	-2.86
Martin ratio: Return relative to average drawdown	0.67	11.58	-10.91

URNM.AX vs. BNKS.AX - Sharpe Ratio Comparison

The current URNM.AX Sharpe Ratio is 0.27, which is lower than the BNKS.AX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of URNM.AX and BNKS.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

URNM.AX vs. BNKS.AX - Drawdown Comparison

The maximum URNM.AX drawdown since its inception was -45.88%, smaller than the maximum BNKS.AX drawdown of -50.73%. Use the drawdown chart below to compare losses from any high point for URNM.AX and BNKS.AX.

Drawdown Indicators

	URNM.AX	BNKS.AX	Difference
Max Drawdown Largest peak-to-trough decline	-45.88%	-50.73%	+4.85%
Max Drawdown (1Y) Largest decline over 1 year	-38.16%	-13.53%	-24.63%
Max Drawdown (3Y) Largest decline over 3 years	-45.88%	-19.49%	-26.39%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.73%	—
Current Drawdown Current decline from peak	-35.54%	-0.07%	-35.47%
Average Drawdown Average peak-to-trough decline	-16.45%	-11.92%	-4.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.06%	3.78%	+15.28%

Volatility

URNM.AX vs. BNKS.AX - Volatility Comparison

BetaShares Global Uranium ETF (URNM.AX) has a higher volatility of 10.92% compared to BetaShares Global Banks Currency Hedged ETF (BNKS.AX) at 5.84%. This indicates that URNM.AX's price experiences larger fluctuations and is considered to be riskier than BNKS.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URNM.AX	BNKS.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.92%	5.84%	+5.08%
Volatility (6M) Calculated over the trailing 6-month period	33.27%	16.34%	+16.93%
Volatility (1Y) Calculated over the trailing 1-year period	47.29%	18.63%	+28.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.57%	19.25%	+20.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.57%	20.35%	+19.22%

URNM.AX vs. BNKS.AX - Expense Ratio Comparison

URNM.AX has a 0.69% expense ratio, which is higher than BNKS.AX's 0.57% expense ratio.

Dividends

URNM.AX vs. BNKS.AX - Dividend Comparison

URNM.AX's dividend yield for the trailing twelve months is around 2.26%, less than BNKS.AX's 4.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BNKS.AX BetaShares Global Banks Currency Hedged ETF	4.60%	0.72%	1.37%	0.00%	0.00%	2.71%	0.00%	1.23%	3.66%
URNM.AX BetaShares Global Uranium ETF	2.26%	2.27%	2.26%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both URNM.AX and BNKS.AX in my portfolio?

URNM.AX and BNKS.AX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, URNM.AX or BNKS.AX?

On fees, BNKS.AX is cheaper at 0.57% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, URNM.AX or BNKS.AX?

BNKS.AX is cheaper with a 0.57% expense ratio, compared with 0.69% for URNM.AX.

What is the main difference between URNM.AX and BNKS.AX?

URNM.AX is categorized as Uranium, while BNKS.AX is Financials Equities. URNM.AX tracks Indxx North Shore Uranium Mining Index, while BNKS.AX tracks Nasdaq Global ex-Australia Banks Hedged AUD Index. Their fees differ too: 0.69% for URNM.AX and 0.57% for BNKS.AX.