URNM vs. AM
URNM (Sprott Uranium Miners ETF) is Uranium fund tracking the VettaFi Global Uranium Miners Index, while AM (Antero Midstream Corporation) is a stock. Over the past 5 years, URNM returned 15.58%/yr vs 26.05%/yr for AM. At a 0.33 correlation, their price movements are largely independent.
Performance
URNM vs. AM - Performance Comparison
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Returns By Period
In the year-to-date period, URNM achieves a -8.53% return, which is significantly lower than AM's 29.11% return.
URNM
- 1D
- -5.78%
- 1M
- -8.01%
- 6M
- -23.32%
- YTD
- -8.53%
- 1Y
- 13.66%
- 3Y*
- 18.14%
- 5Y*
- 15.58%
- 10Y*
- —
AM
- 1D
- 0.81%
- 1M
- 3.65%
- 6M
- 30.88%
- YTD
- 29.11%
- 1Y
- 35.04%
- 3Y*
- 31.71%
- 5Y*
- 26.05%
- 10Y*
- 6.97%
URNM vs. AM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
URNM Sprott Uranium Miners ETF | -8.53% | 40.78% | -14.13% | 57.80% | -11.86% | 78.32% | 68.36% | 4.05% |
AM Antero Midstream Corporation | 29.11% | 24.37% | 28.46% | 25.73% | 21.98% | 39.55% | 27.59% | 72.11% |
Correlation
The correlation between URNM and AM is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.33 |
The correlation between URNM and AM shifts across timeframes, from -0.02 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
URNM vs. AM — Risk / Return Rank
URNM
AM
URNM vs. AM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Uranium Miners ETF (URNM) and Antero Midstream Corporation (AM). 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 | AM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.29 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 2.78 | -2.44 |
| Martin ratioReturn relative to average drawdown | 0.74 | 5.87 | -5.13 |
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Drawdowns
URNM vs. AM - Drawdown Comparison
The maximum URNM drawdown since its inception was -50.78%, smaller than the maximum AM drawdown of -93.01%. Use the drawdown chart below to compare losses from any high point for URNM and AM.
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Drawdown Indicators
| URNM | AM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.78% | -93.01% | +42.23% |
Max Drawdown (1Y)Largest decline over 1 year | -40.22% | -12.67% | -27.55% |
Max Drawdown (3Y)Largest decline over 3 years | -50.78% | -13.98% | -36.80% |
Max Drawdown (5Y)Largest decline over 5 years | -50.78% | -21.91% | -28.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.01% | — |
Current DrawdownCurrent decline from peak | -40.22% | -3.84% | -36.38% |
Average DrawdownAverage peak-to-trough decline | -18.29% | -31.70% | +13.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.59% | 5.98% | +12.61% |
Volatility
URNM vs. AM - Volatility Comparison
Sprott Uranium Miners ETF (URNM) has a higher volatility of 12.97% compared to Antero Midstream Corporation (AM) at 6.39%. This indicates that URNM's price experiences larger fluctuations and is considered to be riskier than AM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URNM | AM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.97% | 6.39% | +6.58% |
Volatility (6M)Calculated over the trailing 6-month period | 41.08% | 14.47% | +26.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.79% | 20.93% | +31.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.63% | 26.36% | +22.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.98% | 41.88% | +5.10% |
Dividends
URNM vs. AM - Dividend Comparison
URNM's dividend yield for the trailing twelve months is around 3.47%, less than AM's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AM Antero Midstream Corporation | 4.01% | 5.06% | 5.96% | 7.18% | 8.34% | 10.15% | 15.95% | 18.28% | 7.53% | 4.27% | 3.14% | 2.93% |
URNM Sprott Uranium Miners ETF | 3.47% | 3.18% | 3.18% | 3.63% | 0.00% | 6.70% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
URNM and AM have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URNM has higher volatility (12.97%) compared to AM (6.39%). In terms of maximum drawdown, URNM dropped -50.78% vs AM's -93.01%.
AM currently has the higher Sharpe Ratio (1.69 vs 0.26), 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.
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