URNM vs. METL
URNM (Sprott Uranium Miners ETF) and METL (Sprott Active Metals & Miners ETF) are both exchange-traded funds - URNM is a Uranium fund tracking the VettaFi Global Uranium Miners Index, while METL is a Natural Resources fund actively managed by Sprott. URNM is passively managed, while METL is actively managed. A 0.77 correlation means they provide meaningful diversification when combined. URNM charges 0.85%/yr vs 0.89%/yr for METL.
Performance
URNM vs. METL - Performance Comparison
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Returns By Period
In the year-to-date period, URNM achieves a -8.53% return, which is significantly lower than METL's -3.21% return.
URNM
- 1D
- -5.78%
- 1M
- -8.01%
- 6M
- -23.32%
- YTD
- -8.53%
- 1Y
- 13.66%
- 3Y*
- 18.14%
- 5Y*
- 15.58%
- 10Y*
- —
METL
- 1D
- -2.92%
- 1M
- -13.23%
- 6M
- -14.80%
- YTD
- -3.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
URNM vs. METL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
URNM Sprott Uranium Miners ETF | -8.53% | 5.23% |
METL Sprott Active Metals & Miners ETF | -3.21% | 28.19% |
Correlation
The correlation between URNM and METL is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.77 |
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Return for Risk
URNM vs. METL — Risk / Return Rank
URNM
METL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
URNM vs. METL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Uranium Miners ETF (URNM) and Sprott Active Metals & Miners ETF (METL). 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 | METL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.09 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | — | — |
| Martin ratioReturn relative to average drawdown | 0.74 | — | — |
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Drawdowns
URNM vs. METL - Drawdown Comparison
The maximum URNM drawdown since its inception was -50.78%, which is greater than METL's maximum drawdown of -27.39%. Use the drawdown chart below to compare losses from any high point for URNM and METL.
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Drawdown Indicators
| URNM | METL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.78% | -27.39% | -23.39% |
Max Drawdown (1Y)Largest decline over 1 year | -40.22% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -50.78% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -50.78% | — | — |
Current DrawdownCurrent decline from peak | -40.22% | -26.61% | -13.61% |
Average DrawdownAverage peak-to-trough decline | -18.29% | -9.59% | -8.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.59% | — | — |
Volatility
URNM vs. METL - Volatility Comparison
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Volatility by Period
| URNM | METL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.97% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 41.08% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 52.79% | 44.31% | +8.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.63% | 44.31% | +4.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.98% | 44.31% | +2.67% |
URNM vs. METL - Expense Ratio Comparison
URNM has a 0.85% expense ratio, which is lower than METL's 0.89% expense ratio.
Dividends
URNM vs. METL - Dividend Comparison
URNM's dividend yield for the trailing twelve months is around 3.47%, more than METL's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
METL Sprott Active Metals & Miners ETF | 1.03% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URNM Sprott Uranium Miners ETF | 3.47% | 3.18% | 3.18% | 3.63% | 0.00% | 6.70% | 2.57% |
Frequently Asked Questions
URNM and METL have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, URNM is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.
URNM is cheaper with a 0.85% expense ratio, compared with 0.89% for METL.
URNM has the higher dividend yield at 3.47%, compared with 1.03% for METL.
URNM is categorized as Uranium, while METL is Natural Resources. Their fees differ too: 0.85% for URNM and 0.89% for METL.
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