URNM.AX vs. GGUS.AX
URNM.AX (BetaShares Global Uranium ETF) and GGUS.AX (Betashares Geared US Equities Currency Hedged Complex ETF) are both Global Equities funds from BetaShares. URNM.AX is passively managed, while GGUS.AX is actively managed. Over the past 3 years, URNM.AX returned 21.15%/yr vs 31.10%/yr for GGUS.AX. At a 0.41 correlation, their price movements are largely independent.
Performance
URNM.AX vs. GGUS.AX - Performance Comparison
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Returns By Period
In the year-to-date period, URNM.AX achieves a -4.77% return, which is significantly lower than GGUS.AX's 18.74% return.
URNM.AX
- 1D
- -1.41%
- 1M
- -6.63%
- 6M
- -18.81%
- YTD
- -4.77%
- 1Y
- 15.26%
- 3Y*
- 21.15%
- 5Y*
- —
- 10Y*
- —
GGUS.AX
- 1D
- 0.25%
- 1M
- 0.33%
- 6M
- 16.82%
- YTD
- 18.74%
- 1Y
- 39.79%
- 3Y*
- 31.10%
- 5Y*
- 14.41%
- 10Y*
- 21.27%
URNM.AX vs. GGUS.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
URNM.AX BetaShares Global Uranium ETF | -4.77% | 33.59% | -5.17% | 57.03% | -9.61% |
GGUS.AX Betashares Geared US Equities Currency Hedged Complex ETF | 18.74% | 18.83% | 45.64% | 49.70% | -21.80% |
Correlation
The correlation between URNM.AX and GGUS.AX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2022 | 0.41 |
The correlation between URNM.AX and GGUS.AX shifts across timeframes, from 0.36 (3 years) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
URNM.AX vs. GGUS.AX — Risk / Return Rank
URNM.AX
GGUS.AX
URNM.AX vs. GGUS.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaShares Global Uranium ETF (URNM.AX) and Betashares Geared US Equities Currency Hedged Complex ETF (GGUS.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 | GGUS.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.26 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 2.00 | -1.64 |
| Martin ratioReturn relative to average drawdown | 0.71 | 8.05 | -7.34 |
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Drawdowns
URNM.AX vs. GGUS.AX - Drawdown Comparison
The maximum URNM.AX drawdown since its inception was -45.88%, smaller than the maximum GGUS.AX drawdown of -64.26%. Use the drawdown chart below to compare losses from any high point for URNM.AX and GGUS.AX.
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Drawdown Indicators
| URNM.AX | GGUS.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.88% | -64.26% | +18.38% |
Max Drawdown (1Y)Largest decline over 1 year | -34.67% | -20.90% | -13.77% |
Max Drawdown (3Y)Largest decline over 3 years | -45.88% | -46.78% | +0.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.26% | — |
Current DrawdownCurrent decline from peak | -34.20% | -1.47% | -32.73% |
Average DrawdownAverage peak-to-trough decline | -16.24% | -13.41% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.57% | 5.24% | +12.33% |
Volatility
URNM.AX vs. GGUS.AX - Volatility Comparison
BetaShares Global Uranium ETF (URNM.AX) has a higher volatility of 8.19% compared to Betashares Geared US Equities Currency Hedged Complex ETF (GGUS.AX) at 5.85%. This indicates that URNM.AX's price experiences larger fluctuations and is considered to be riskier than GGUS.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URNM.AX | GGUS.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.19% | 5.85% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 34.37% | 25.54% | +8.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.90% | 30.44% | +16.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.55% | 41.72% | -2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.55% | 40.73% | -1.18% |
Dividends
URNM.AX vs. GGUS.AX - Dividend Comparison
URNM.AX's dividend yield for the trailing twelve months is around 2.21%, while GGUS.AX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GGUS.AX Betashares Geared US Equities Currency Hedged Complex ETF | 0.00% | 1.69% | 0.00% | 0.00% | 6.12% | 2.52% | 0.00% | 0.12% | 0.96% | 0.62% | 0.89% |
URNM.AX BetaShares Global Uranium ETF | 2.21% | 2.27% | 2.26% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
URNM.AX and GGUS.AX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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