URNM vs. XCG.TO

Last updated Apr 1, 2026

Compare and contrast key facts about NorthShore Global Uranium Mining ETF (URNM) and iShares Canadian Growth Index ETF (XCG.TO).

URNM and XCG.TO 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. XCG.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Nov 6, 2006. Both URNM and XCG.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

URNM vs. XCG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NorthShore Global Uranium Mining ETF (URNM) and iShares Canadian Growth Index ETF (XCG.TO). The values are adjusted to include any dividend payments, if applicable.

URNM vs. XCG.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
URNM NorthShore Global Uranium Mining ETF	15.05%	40.78%	-14.13%	57.80%	-11.86%	78.32%	68.36%	3.70%
XCG.TO iShares Canadian Growth Index ETF	-1.80%	14.61%	11.81%	20.10%	-17.58%	16.84%	13.48%	2.07%

Different Trading Currencies

URNM is traded in USD, while XCG.TO is traded in CAD. To make them comparable, the XCG.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, URNM achieves a 15.05% return, which is significantly higher than XCG.TO's -1.80% return.

URNM

• 1D: 8.06%
• 1M: -12.22%
• YTD: 15.05%
• 6M: 8.04%
• 1Y: 101.26%
• 3Y*: 30.47%
• 5Y*: 20.22%
• 10Y*: —

XCG.TO

• 1D: 4.33%
• 1M: -9.57%
• YTD: -1.80%
• 6M: -4.45%
• 1Y: 12.60%
• 3Y*: 11.76%
• 5Y*: 6.22%
• 10Y*: 8.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

URNM vs. XCG.TO - Expense Ratio Comparison

URNM has a 0.85% expense ratio, which is higher than XCG.TO's 0.55% expense ratio.

URNM

NorthShore Global Uranium Mining ETF

XCG.TO

iShares Canadian Growth Index ETF

Return for Risk

URNM vs. XCG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

URNM

URNM Risk / Return Rank: 88
URNM Sharpe Ratio Rank: 91
URNM Sortino Ratio Rank: 91
URNM Omega Ratio Rank: 83
URNM Calmar Ratio Rank: 93
URNM Martin Ratio Rank: 84

XCG.TO

XCG.TO Risk / Return Rank: 27
XCG.TO Sharpe Ratio Rank: 25
XCG.TO Sortino Ratio Rank: 25
XCG.TO Omega Ratio Rank: 26
XCG.TO Calmar Ratio Rank: 29
XCG.TO Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

URNM vs. XCG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NorthShore Global Uranium Mining ETF (URNM) and iShares Canadian Growth Index ETF (XCG.TO). 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.

	URNM	XCG.TO	Difference
Sharpe ratio Return per unit of total volatility	1.98	0.55	+1.42
Sortino ratio Return per unit of downside risk	2.57	0.87	+1.70
Omega ratio Gain probability vs. loss probability	1.31	1.12	+0.19
Calmar ratio Return relative to maximum drawdown	3.28	0.85	+2.43
Martin ratio Return relative to average drawdown	9.12	3.03	+6.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URNM vs. XCG.TO - Sharpe Ratio Comparison

The current URNM Sharpe Ratio is 1.98, which is higher than the XCG.TO Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of URNM and XCG.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	URNM	XCG.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	0.55	+1.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.33	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.40	+0.31

Correlation

The correlation between URNM and XCG.TO is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

URNM vs. XCG.TO - Dividend Comparison

URNM's dividend yield for the trailing twelve months is around 2.76%, more than XCG.TO's 0.50% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
URNM NorthShore Global Uranium Mining ETF	2.76%	3.18%	3.18%	3.63%	0.00%	6.70%	2.57%	0.00%	0.00%	0.00%	0.00%	0.00%
XCG.TO iShares Canadian Growth Index ETF	0.50%	0.45%	0.60%	1.33%	1.59%	1.46%	1.69%	1.53%	1.65%	1.03%	0.97%	0.72%

Drawdowns

URNM vs. XCG.TO - Drawdown Comparison

The maximum URNM drawdown since its inception was -50.78%, which is greater than XCG.TO's maximum drawdown of -38.22%. Use the drawdown chart below to compare losses from any high point for URNM and XCG.TO.

Drawdown Indicators

	URNM	XCG.TO	Difference
Max Drawdown Largest peak-to-trough decline	-50.78%	-52.64%	+1.86%
Max Drawdown (1Y) Largest decline over 1 year	-30.79%	-15.27%	-15.52%
Max Drawdown (5Y) Largest decline over 5 years	-50.78%	-21.61%	-29.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.14%	—
Current Drawdown Current decline from peak	-24.81%	-9.53%	-15.28%
Average Drawdown Average peak-to-trough decline	-17.89%	-10.90%	-6.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.08%	4.32%	+6.76%

Volatility

URNM vs. XCG.TO - Volatility Comparison

NorthShore Global Uranium Mining ETF (URNM) has a higher volatility of 18.90% compared to iShares Canadian Growth Index ETF (XCG.TO) at 9.05%. This indicates that URNM's price experiences larger fluctuations and is considered to be riskier than XCG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URNM	XCG.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.90%	9.05%	+9.85%
Volatility (6M) Calculated over the trailing 6-month period	40.47%	18.36%	+22.11%
Volatility (1Y) Calculated over the trailing 1-year period	51.55%	22.93%	+28.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.02%	18.69%	+29.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.76%	19.38%	+27.38%