URNM vs. MU
URNM (Sprott Uranium Miners ETF) is Commodity Producers Equities fund tracking the VettaFi Global Uranium Miners Index, while MU (Micron Technology, Inc.) is a stock. Over the past 5 years, URNM returned 12.61%/yr vs 66.21%/yr for MU. At a 0.33 correlation, their price movements are largely independent.
Performance
URNM vs. MU - 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 MU's 244.07% return.
URNM
- 1D
- 0.53%
- 1M
- -14.56%
- YTD
- -0.56%
- 6M
- -0.53%
- 1Y
- 31.54%
- 3Y*
- 20.14%
- 5Y*
- 12.61%
- 10Y*
- —
MU
- 1D
- -1.43%
- 1M
- 22.15%
- YTD
- 244.07%
- 6M
- 307.41%
- 1Y
- 746.93%
- 3Y*
- 144.69%
- 5Y*
- 66.21%
- 10Y*
- 55.83%
URNM vs. MU - 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% |
MU Micron Technology, Inc. | 244.07% | 240.24% | -0.96% | 71.93% | -45.93% | 24.21% | 39.79% | 18.90% |
Correlation
The correlation between URNM and MU is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.33 |
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Return for Risk
URNM vs. MU — Risk / Return Rank
URNM
MU
URNM vs. MU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Uranium Miners ETF (URNM) and Micron Technology, Inc. (MU). 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 | MU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.22 | ||
| Sortino ratioReturn per unit of downside risk | -4.97 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.78 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 24.91 | -24.09 |
| Martin ratioReturn relative to average drawdown | 2.00 | 94.64 | -92.63 |
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Drawdowns
URNM vs. MU - Drawdown Comparison
The maximum URNM drawdown since its inception was -50.78%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for URNM and MU.
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Drawdown Indicators
| URNM | MU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.78% | -98.25% | +47.47% |
Max Drawdown (1Y)Largest decline over 1 year | -38.72% | -30.28% | -8.44% |
Max Drawdown (3Y)Largest decline over 3 years | -50.78% | -57.63% | +6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -50.78% | -57.63% | +6.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.63% | — |
Current DrawdownCurrent decline from peak | -35.02% | -9.07% | -25.95% |
Average DrawdownAverage peak-to-trough decline | -18.09% | -58.16% | +40.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.78% | 7.95% | +7.83% |
Volatility
URNM vs. MU - Volatility Comparison
The current volatility for Sprott Uranium Miners ETF (URNM) is 17.40%, while Micron Technology, Inc. (MU) has a volatility of 32.86%. This indicates that URNM experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URNM | MU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.40% | 32.86% | -15.46% |
Volatility (6M)Calculated over the trailing 6-month period | 41.84% | 57.74% | -15.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.48% | 69.66% | -17.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.58% | 53.18% | -4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.04% | 50.12% | -3.08% |
Dividends
URNM vs. MU - Dividend Comparison
URNM's dividend yield for the trailing twelve months is around 3.19%, more than MU's 0.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
MU Micron Technology, Inc. | 0.05% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% | 0.00% |
URNM Sprott Uranium Miners ETF | 3.19% | 3.18% | 3.18% | 3.63% | 0.00% | 6.70% | 2.57% |
Frequently Asked Questions
URNM and MU have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (32.86%) compared to URNM (17.40%). In terms of maximum drawdown, URNM dropped -50.78% vs MU's -98.25%.
MU currently has the higher Sharpe Ratio (10.83 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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