URNM vs. INDF

Last updated Jun 4, 2026

URNM (NorthShore Global Uranium Mining ETF) and INDF (Nifty India Financials ETF) are both exchange-traded funds - URNM is a Commodity Producers Equities fund tracking the North Shore Global Uranium Mining Index, while INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index. Both are passively managed. At a 0.30 correlation, their price movements are largely independent. URNM charges 0.85%/yr vs 0.75%/yr for INDF.

Performance

URNM vs. INDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NorthShore Global Uranium Mining ETF (URNM) and Nifty India Financials ETF (INDF). 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*: —

INDF

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

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

URNM vs. INDF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
URNM NorthShore Global Uranium Mining ETF	11.97%	40.78%	-14.13%	57.80%	-11.86%	78.32%	55.26%
INDF Nifty India Financials ETF	0.00%	8.17%	6.32%	19.86%	-5.28%	11.95%	23.97%

Correlation

The correlation between URNM and INDF is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.30

Over the past year, the correlation between URNM and INDF has dropped to 0.01 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.

URNM vs. INDF - Sectors Allocation Comparison

Sectors	URNM	INDF
Energy	97.4%	-
Basic Materials	2.6%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

URNM vs. INDF — 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. INDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NorthShore Global Uranium Mining ETF (URNM) and Nifty India Financials ETF (INDF). 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	INDF	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	INDF	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	INDF	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	INDF	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. INDF - Expense Ratio Comparison

URNM has a 0.85% expense ratio, which is higher than INDF's 0.75% expense ratio.

Dividends

URNM vs. INDF - Dividend Comparison

URNM's dividend yield for the trailing twelve months is around 2.84%, less than INDF's 21.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%	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 INDF in my portfolio?

URNM and INDF have a correlation of 0.01, 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 INDF?

On fees, INDF is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, URNM or INDF?

INDF is cheaper with a 0.75% expense ratio, compared with 0.85% for URNM.

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

INDF has the higher dividend yield at 21.29%, compared with 2.84% for URNM.

What is the main difference between URNM and INDF?

URNM is categorized as Commodity Producers Equities, while INDF is Financials Equities. URNM tracks North Shore Global Uranium Mining Index, while INDF tracks Nifty Financial Services 25/50 Index. Their fees differ too: 0.85% for URNM and 0.75% for INDF.