URNM vs. URA
Compare and contrast key facts about NorthShore Global Uranium Mining ETF (URNM) and Global X Uranium ETF (URA).
URNM and URA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. URA is a passively managed fund by Global X that tracks the performance of the Solactive Global Uranium & Nuclear Components Index. It was launched on Nov 4, 2010. Both URNM and URA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: URNM or URA.
Key characteristics
| URNM | URA | |
|---|---|---|
| YTD Return | -6.77% | 9.01% |
| 1Y Return | -2.80% | 14.01% |
| 3Y Return (Ann) | -0.12% | 4.23% |
| Sharpe Ratio | -0.04 | 0.44 |
| Sortino Ratio | 0.23 | 0.86 |
| Omega Ratio | 1.03 | 1.10 |
| Calmar Ratio | -0.05 | 0.21 |
| Martin Ratio | -0.10 | 1.29 |
| Ulcer Index | 16.79% | 12.19% |
| Daily Std Dev | 40.08% | 35.81% |
| Max Drawdown | -42.55% | -93.54% |
| Current Drawdown | -23.48% | -68.19% |
Correlation
The correlation between URNM and URA is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
URNM vs. URA - Performance Comparison
In the year-to-date period, URNM achieves a -6.77% return, which is significantly lower than URA's 9.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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URNM vs. URA - Expense Ratio Comparison
URNM has a 0.85% expense ratio, which is higher than URA's 0.69% expense ratio.
Risk-Adjusted Performance
URNM vs. URA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NorthShore Global Uranium Mining ETF (URNM) and Global X Uranium ETF (URA). 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.
Dividends
URNM vs. URA - Dividend Comparison
URNM's dividend yield for the trailing twelve months is around 3.89%, less than URA's 5.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URNM NorthShore Global Uranium Mining ETF | 3.89% | 3.63% | 0.00% | 6.70% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URA Global X Uranium ETF | 5.66% | 6.07% | 0.76% | 5.85% | 1.69% | 1.66% | 0.45% | 2.03% | 7.28% | 1.96% | 4.28% | 0.54% |
Drawdowns
URNM vs. URA - Drawdown Comparison
The maximum URNM drawdown since its inception was -42.55%, smaller than the maximum URA drawdown of -93.54%. Use the drawdown chart below to compare losses from any high point for URNM and URA. For additional features, visit the drawdowns tool.
Volatility
URNM vs. URA - Volatility Comparison
NorthShore Global Uranium Mining ETF (URNM) and Global X Uranium ETF (URA) have volatilities of 10.45% and 10.80%, 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.