URNM vs. UROY
URNM (Sprott Uranium Miners ETF) is Uranium fund tracking the VettaFi Global Uranium Miners Index, while UROY (Uranium Royalty Corp) is a stock. Over the past 5 years, URNM returned 15.05%/yr vs 3.67%/yr for UROY. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
URNM vs. UROY - Performance Comparison
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Returns By Period
In the year-to-date period, URNM achieves a 1.46% return, which is significantly higher than UROY's -17.80% return.
URNM
- 1D
- -0.87%
- 1M
- -4.35%
- YTD
- 1.46%
- 6M
- -1.45%
- 1Y
- 24.41%
- 3Y*
- 23.19%
- 5Y*
- 15.05%
- 10Y*
- —
UROY
- 1D
- -1.02%
- 1M
- -13.65%
- YTD
- -17.80%
- 6M
- -21.77%
- 1Y
- 23.83%
- 3Y*
- 14.28%
- 5Y*
- 3.67%
- 10Y*
- —
URNM vs. UROY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
URNM Sprott Uranium Miners ETF | 1.46% | 40.78% | -14.13% | 57.80% | -11.86% | 35.66% |
UROY Uranium Royalty Corp | -17.80% | 61.64% | -18.89% | 13.92% | -35.07% | 8.96% |
Correlation
The correlation between URNM and UROY is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2021 | 0.78 |
The correlation between URNM and UROY has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.
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Return for Risk
URNM vs. UROY — Risk / Return Rank
URNM
UROY
URNM vs. UROY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Uranium Miners ETF (URNM) and Uranium Royalty Corp (UROY). 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 | UROY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.12 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.49 | +0.14 |
| Martin ratioReturn relative to average drawdown | 1.48 | 1.01 | +0.47 |
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Drawdowns
URNM vs. UROY - Drawdown Comparison
The maximum URNM drawdown since its inception was -50.78%, smaller than the maximum UROY drawdown of -74.57%. Use the drawdown chart below to compare losses from any high point for URNM and UROY.
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Drawdown Indicators
| URNM | UROY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.78% | -74.57% | +23.79% |
Max Drawdown (1Y)Largest decline over 1 year | -38.72% | -48.90% | +10.18% |
Max Drawdown (3Y)Largest decline over 3 years | -50.78% | -59.73% | +8.95% |
Max Drawdown (5Y)Largest decline over 5 years | -50.78% | -74.57% | +23.79% |
Current DrawdownCurrent decline from peak | -33.69% | -49.65% | +15.96% |
Average DrawdownAverage peak-to-trough decline | -18.14% | -47.56% | +29.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.54% | 23.63% | -7.09% |
Volatility
URNM vs. UROY - Volatility Comparison
The current volatility for Sprott Uranium Miners ETF (URNM) is 17.96%, while Uranium Royalty Corp (UROY) has a volatility of 23.09%. This indicates that URNM experiences smaller price fluctuations and is considered to be less risky than UROY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URNM | UROY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.96% | 23.09% | -5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 41.68% | 50.11% | -8.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.32% | 73.76% | -21.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.56% | 70.88% | -22.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.03% | 70.50% | -23.47% |
Dividends
URNM vs. UROY - Dividend Comparison
URNM's dividend yield for the trailing twelve months is around 3.13%, while UROY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
URNM Sprott Uranium Miners ETF | 3.13% | 3.18% | 3.18% | 3.63% | 0.00% | 6.70% | 2.57% |
UROY Uranium Royalty Corp | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
URNM and UROY have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UROY has higher volatility (23.09%) compared to URNM (17.96%). In terms of maximum drawdown, URNM dropped -50.78% vs UROY's -74.57%.
URNM currently has the higher Sharpe Ratio (0.47 vs 0.32), 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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