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. Their 0.78 correlation means they have sometimes moved together and sometimes differently. 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 -7.60% return, which is significantly lower than METL's -2.40% return.
URNM
- 1D
- 4.43%
- 1M
- -3.99%
- 6M
- -29.26%
- YTD
- -7.60%
- 1Y
- 17.05%
- 3Y*
- 17.60%
- 5Y*
- 15.92%
- 10Y*
- —
- ALL TIME*
- 26.75%
METL
- 1D
- 1.88%
- 1M
- -3.82%
- 6M
- -16.81%
- YTD
- -2.40%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $254.79K | $338.57K | $594.19K | |
| $16.27M | $21.24M | $35.62M |
URNM vs. METL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
URNM Sprott Uranium Miners ETF | -7.60% | 5.23% |
METL Sprott Active Metals & Miners ETF | -2.40% | 28.19% |
Correlation
The correlation between URNM and METL is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.78 |
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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 | 1.10 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | — | — |
| Martin ratioReturn relative to average drawdown | 0.81 | — | — |
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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 -28.80%. 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% | -28.80% | -21.98% |
Max Drawdown (1Y)Largest decline over 1 year | -43.89% | — | — |
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 | -39.61% | -26.00% | -13.61% |
Average DrawdownAverage peak-to-trough decline | -18.49% | -10.73% | -7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.99% | — | — |
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 | 14.41% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 39.26% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 53.46% | 43.78% | +9.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.70% | 43.78% | +4.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.97% | 43.78% | +3.19% |
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 3.44%, more than METL's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
METL Sprott Active Metals & Miners ETF | 1.02% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URNM Sprott Uranium Miners ETF | 3.44% | 3.18% | 3.18% | 3.63% | 0.00% | 6.70% | 2.57% |
Frequently Asked Questions
URNM and METL have a correlation of 0.78, 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 3.44%, compared with 1.02% 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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