URNM vs. BWXT
URNM (Sprott Uranium Miners ETF) is Commodity Producers Equities fund tracking the VettaFi Global Uranium Miners Index, while BWXT (BWX Technologies, Inc.) is a stock. Over the past 5 years, URNM returned 12.61%/yr vs 26.18%/yr for BWXT. At a 0.40 correlation, their price movements are largely independent.
Performance
URNM vs. BWXT - Performance Comparison
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Returns By Period
In the year-to-date period, URNM achieves a -0.56% return, which is significantly lower than BWXT's 12.23% return.
URNM
- 1D
- 0.53%
- 1M
- -14.56%
- YTD
- -0.56%
- 6M
- -0.53%
- 1Y
- 31.54%
- 3Y*
- 20.14%
- 5Y*
- 12.61%
- 10Y*
- —
BWXT
- 1D
- -0.63%
- 1M
- -6.34%
- YTD
- 12.23%
- 6M
- 10.82%
- 1Y
- 41.19%
- 3Y*
- 43.24%
- 5Y*
- 26.18%
- 10Y*
- 20.03%
URNM vs. BWXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
URNM Sprott Uranium Miners ETF | -0.56% | 40.78% | -14.13% | 57.80% | -11.86% | 78.32% | 68.36% | 4.05% |
BWXT BWX Technologies, Inc. | 12.23% | 56.37% | 46.53% | 33.87% | 23.30% | -19.40% | -1.54% | 5.60% |
Correlation
The correlation between URNM and BWXT is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.40 |
The correlation between URNM and BWXT shifts across timeframes, from 0.40 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
URNM vs. BWXT — Risk / Return Rank
URNM
BWXT
URNM vs. BWXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Uranium Miners ETF (URNM) and BWX Technologies, Inc. (BWXT). 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 | BWXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.20 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.79 | -0.97 |
| Martin ratioReturn relative to average drawdown | 2.00 | 4.04 | -2.04 |
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Drawdowns
URNM vs. BWXT - Drawdown Comparison
The maximum URNM drawdown since its inception was -50.78%, which is greater than BWXT's maximum drawdown of -47.88%. Use the drawdown chart below to compare losses from any high point for URNM and BWXT.
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Drawdown Indicators
| URNM | BWXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.78% | -47.88% | -2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -38.72% | -23.14% | -15.58% |
Max Drawdown (3Y)Largest decline over 3 years | -50.78% | -32.87% | -17.91% |
Max Drawdown (5Y)Largest decline over 5 years | -50.78% | -32.92% | -17.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.74% | — |
Current DrawdownCurrent decline from peak | -35.02% | -18.75% | -16.27% |
Average DrawdownAverage peak-to-trough decline | -18.09% | -13.17% | -4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.78% | 10.22% | +5.56% |
Volatility
URNM vs. BWXT - Volatility Comparison
Sprott Uranium Miners ETF (URNM) has a higher volatility of 17.40% compared to BWX Technologies, Inc. (BWXT) at 11.22%. This indicates that URNM's price experiences larger fluctuations and is considered to be riskier than BWXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URNM | BWXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.40% | 11.22% | +6.18% |
Volatility (6M)Calculated over the trailing 6-month period | 41.84% | 34.21% | +7.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.48% | 45.12% | +7.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.58% | 33.05% | +15.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.04% | 30.83% | +16.21% |
Dividends
URNM vs. BWXT - Dividend Comparison
URNM's dividend yield for the trailing twelve months is around 3.19%, more than BWXT's 0.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWXT BWX Technologies, Inc. | 0.54% | 0.58% | 0.86% | 1.20% | 1.52% | 1.75% | 1.26% | 1.10% | 1.67% | 0.69% | 0.91% | 30.37% |
URNM Sprott Uranium Miners ETF | 3.19% | 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 BWXT have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URNM has higher volatility (17.40%) compared to BWXT (11.22%). In terms of maximum drawdown, URNM dropped -50.78% vs BWXT's -47.88%.
BWXT currently has the higher Sharpe Ratio (0.92 vs 0.60), 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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