URNM vs. HYG
URNM (Sprott Uranium Miners ETF) and HYG (iShares iBoxx $ High Yield Corporate Bond ETF) are both exchange-traded funds - URNM is a Uranium fund tracking the VettaFi Global Uranium Miners Index, while HYG is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Index. Both are passively managed. Over the past 5 years, URNM returned 12.61%/yr vs 3.75%/yr for HYG. At a 0.39 correlation, their price movements are largely independent. URNM charges 0.85%/yr vs 0.49%/yr for HYG.
Performance
URNM vs. HYG - 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 HYG's 1.65% return.
URNM
- 1D
- 0.53%
- 1M
- -9.26%
- YTD
- -0.56%
- 6M
- -0.53%
- 1Y
- 30.38%
- 3Y*
- 20.14%
- 5Y*
- 12.61%
- 10Y*
- —
HYG
- 1D
- 0.00%
- 1M
- 1.12%
- YTD
- 1.65%
- 6M
- 2.21%
- 1Y
- 6.81%
- 3Y*
- 8.52%
- 5Y*
- 3.75%
- 10Y*
- 5.04%
URNM vs. HYG - 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% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.65% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 2.12% |
Correlation
The correlation between URNM and HYG is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.39 |
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Return for Risk
URNM vs. HYG — Risk / Return Rank
URNM
HYG
URNM vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Uranium Miners ETF (URNM) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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 | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.32 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 2.79 | -1.97 |
| Martin ratioReturn relative to average drawdown | 2.00 | 12.25 | -10.24 |
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Drawdowns
URNM vs. HYG - Drawdown Comparison
The maximum URNM drawdown since its inception was -50.78%, which is greater than HYG's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for URNM and HYG.
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Drawdown Indicators
| URNM | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.78% | -34.25% | -16.53% |
Max Drawdown (1Y)Largest decline over 1 year | -38.72% | -2.34% | -36.38% |
Max Drawdown (3Y)Largest decline over 3 years | -50.78% | -4.56% | -46.22% |
Max Drawdown (5Y)Largest decline over 5 years | -50.78% | -15.79% | -34.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.03% | — |
Current DrawdownCurrent decline from peak | -35.02% | 0.00% | -35.02% |
Average DrawdownAverage peak-to-trough decline | -18.09% | -3.24% | -14.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.78% | 0.53% | +15.25% |
Volatility
URNM vs. HYG - Volatility Comparison
Sprott Uranium Miners ETF (URNM) has a higher volatility of 17.40% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.31%. This indicates that URNM's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URNM | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.40% | 1.31% | +16.09% |
Volatility (6M)Calculated over the trailing 6-month period | 41.84% | 3.08% | +38.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.48% | 3.87% | +48.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.58% | 7.53% | +41.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.04% | 8.29% | +38.75% |
URNM vs. HYG - Expense Ratio Comparison
URNM has a 0.85% expense ratio, which is higher than HYG's 0.49% expense ratio.
Dividends
URNM vs. HYG - Dividend Comparison
URNM's dividend yield for the trailing twelve months is around 3.19%, less than HYG's 5.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.90% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
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 HYG have a correlation of 0.35, 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 HYG (1.31%). In terms of maximum drawdown, URNM dropped -50.78% vs HYG's -34.25%.
On 5-year performance, URNM leads with 12.61% vs 3.75% for HYG. On fees, HYG is cheaper at 0.49% per year. On volatility, HYG has been the lower-risk option at 1.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, URNM has performed better with a 12.61% return vs 3.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYG is cheaper with a 0.49% expense ratio, compared with 0.85% for URNM.
HYG has the higher dividend yield at 5.90%, compared with 3.19% for URNM.
URNM is categorized as Uranium, while HYG is High Yield Bonds. URNM tracks VettaFi Global Uranium Miners Index, while HYG tracks Markit iBoxx USD Liquid High Yield Index. They also come from different issuers: Sprott and iShares. Their fees differ too: 0.85% for URNM and 0.49% for HYG.
HYG currently has the higher Sharpe Ratio (1.68 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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