URNM vs. LEU

Last updated Apr 1, 2026

Compare and contrast key facts about NorthShore Global Uranium Mining ETF (URNM) and Centrus Energy Corp. (LEU).

URNM is a passively managed fund by Exchange Traded Concepts that tracks the performance of the North Shore Global Uranium Mining Index. It was launched on Dec 3, 2019.

Performance

URNM vs. LEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NorthShore Global Uranium Mining ETF (URNM) and Centrus Energy Corp. (LEU). The values are adjusted to include any dividend payments, if applicable.

URNM vs. LEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
URNM NorthShore Global Uranium Mining ETF	15.05%	40.78%	-14.13%	57.80%	-11.86%	78.32%	68.36%	3.70%
LEU Centrus Energy Corp.	-28.49%	264.45%	22.42%	67.52%	-34.92%	115.78%	236.19%	22.86%

Returns By Period

In the year-to-date period, URNM achieves a 15.05% return, which is significantly higher than LEU's -28.49% return.

URNM

• 1D: 8.06%
• 1M: -12.22%
• YTD: 15.05%
• 6M: 8.04%
• 1Y: 101.26%
• 3Y*: 30.47%
• 5Y*: 20.22%
• 10Y*: —

LEU

• 1D: 3.01%
• 1M: -14.31%
• YTD: -28.49%
• 6M: -44.02%
• 1Y: 179.04%
• 3Y*: 75.34%
• 5Y*: 48.51%
• 10Y*: 44.32%

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

Return for Risk

URNM vs. LEU — Risk / Return Rank

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

URNM

URNM Risk / Return Rank: 88
URNM Sharpe Ratio Rank: 91
URNM Sortino Ratio Rank: 91
URNM Omega Ratio Rank: 83
URNM Calmar Ratio Rank: 93
URNM Martin Ratio Rank: 84

LEU

LEU Risk / Return Rank: 85
LEU Sharpe Ratio Rank: 90
LEU Sortino Ratio Rank: 86
LEU Omega Ratio Rank: 83
LEU Calmar Ratio Rank: 84
LEU Martin Ratio Rank: 80

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. LEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NorthShore Global Uranium Mining ETF (URNM) and Centrus Energy Corp. (LEU). 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	LEU	Difference
Sharpe ratio Return per unit of total volatility	1.98	1.92	+0.05
Sortino ratio Return per unit of downside risk	2.57	2.46	+0.11
Omega ratio Gain probability vs. loss probability	1.31	1.30	+0.01
Calmar ratio Return relative to maximum drawdown	3.28	2.64	+0.64
Martin ratio Return relative to average drawdown	9.12	5.57	+3.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URNM vs. LEU - Sharpe Ratio Comparison

The current URNM Sharpe Ratio is 1.98, which is comparable to the LEU Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of URNM and LEU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	URNM	LEU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	1.92	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.57	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	-0.10	+0.80

Correlation

The correlation between URNM and LEU is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

URNM vs. LEU - Dividend Comparison

URNM's dividend yield for the trailing twelve months is around 2.76%, while LEU has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
URNM NorthShore Global Uranium Mining ETF	2.76%	3.18%	3.18%	3.63%	0.00%	6.70%	2.57%
LEU Centrus Energy Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

URNM vs. LEU - Drawdown Comparison

The maximum URNM drawdown since its inception was -50.78%, smaller than the maximum LEU drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for URNM and LEU.

Drawdown Indicators

	URNM	LEU	Difference
Max Drawdown Largest peak-to-trough decline	-50.78%	-99.98%	+49.20%
Max Drawdown (1Y) Largest decline over 1 year	-30.79%	-61.35%	+30.56%
Max Drawdown (5Y) Largest decline over 5 years	-50.78%	-78.23%	+27.45%
Max Drawdown (10Y) Largest decline over 10 years	—	-83.84%	—
Current Drawdown Current decline from peak	-24.81%	-97.44%	+72.63%
Average Drawdown Average peak-to-trough decline	-17.89%	-73.82%	+55.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.08%	29.08%	-18.00%

Volatility

URNM vs. LEU - Volatility Comparison

NorthShore Global Uranium Mining ETF (URNM) and Centrus Energy Corp. (LEU) have volatilities of 18.90% and 18.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URNM	LEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.90%	18.99%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	40.47%	67.98%	-27.51%
Volatility (1Y) Calculated over the trailing 1-year period	51.55%	93.93%	-42.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.02%	85.22%	-37.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.76%	82.31%	-35.55%