URNM vs. BCIM

Last updated Jun 4, 2026

URNM (NorthShore Global Uranium Mining ETF) and BCIM (abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF) are both exchange-traded funds - URNM is a Commodity Producers Equities fund tracking the North Shore Global Uranium Mining Index, while BCIM is a Metals fund tracking the Bloomberg Industrial Metals. Both are passively managed. At a 0.27 correlation, their price movements are largely independent. URNM charges 0.85%/yr vs 0.41%/yr for BCIM.

Performance

URNM vs. BCIM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NorthShore Global Uranium Mining ETF (URNM) and abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

URNM

• 1D: -5.94%
• 1M: -7.38%
• YTD: 11.97%
• 6M: 10.07%
• 1Y: 52.67%
• 3Y*: 27.00%
• 5Y*: 15.58%
• 10Y*: —

BCIM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

URNM vs. BCIM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
URNM NorthShore Global Uranium Mining ETF	11.97%	40.78%	-14.13%	57.80%	-11.86%	-5.97%
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	0.00%	10.71%	3.30%	-9.68%	-3.29%	4.17%

Correlation

The correlation between URNM and BCIM is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021	0.27

The correlation between URNM and BCIM shifts across timeframes, from 0.16 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

Return for Risk

URNM vs. BCIM — Risk / Return Rank

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

URNM

URNM Risk / Return Rank: 29
URNM Sharpe Ratio Rank: 28
URNM Sortino Ratio Rank: 30
URNM Omega Ratio Rank: 28
URNM Calmar Ratio Rank: 33
URNM Martin Ratio Rank: 26

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.

URNM vs. BCIM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NorthShore Global Uranium Mining ETF (URNM) and abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM). 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.

	URNM	BCIM	Difference
Sharpe ratio: Return per unit of total volatility	1.03	—	—
Sortino ratio: Return per unit of downside risk	1.66	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.65	—	—
Martin ratio: Return relative to average drawdown	3.59	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	URNM	BCIM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	—	—

Drawdowns

Drawdown Indicators

	URNM	BCIM	Difference
Max Drawdown Largest peak-to-trough decline	-50.78%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-32.04%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-50.78%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-50.78%	—	—
Current Drawdown Current decline from peak	-26.82%	—	—
Average Drawdown Average peak-to-trough decline	-18.03%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	14.71%	—	—

Volatility

Volatility by Period

	URNM	BCIM	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	40.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	51.69%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.30%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.90%	—	—

URNM vs. BCIM - Expense Ratio Comparison

URNM has a 0.85% expense ratio, which is higher than BCIM's 0.41% expense ratio.

Dividends

URNM vs. BCIM - Dividend Comparison

URNM's dividend yield for the trailing twelve months is around 2.84%, less than BCIM's 3.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	3.77%	3.77%	11.47%	3.36%	0.72%	1.57%	0.00%
URNM NorthShore Global Uranium Mining ETF	2.84%	3.18%	3.18%	3.63%	0.00%	6.70%	2.57%

Frequently Asked Questions

Can I hold both URNM and BCIM in my portfolio?

URNM and BCIM have a correlation of 0.16, 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 or BCIM?

On fees, BCIM is cheaper at 0.41% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, URNM or BCIM?

BCIM is cheaper with a 0.41% expense ratio, compared with 0.85% for URNM.

Which ETF pays a higher dividend yield, URNM or BCIM?

BCIM has the higher dividend yield at 3.77%, compared with 2.84% for URNM.

What is the main difference between URNM and BCIM?

URNM is categorized as Commodity Producers Equities, while BCIM is Metals. URNM tracks North Shore Global Uranium Mining Index, while BCIM tracks Bloomberg Industrial Metals. They also come from different issuers: Exchange Traded Concepts and Aberdeen. Their fees differ too: 0.85% for URNM and 0.41% for BCIM.