CCJ vs. URNM
Compare and contrast key facts about Cameco Corporation (CCJ) and NorthShore Global Uranium Mining ETF (URNM).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CCJ or URNM.
Correlation
The correlation between CCJ and URNM is 0.45, 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.
Performance
CCJ vs. URNM - Performance Comparison
Key characteristics
CCJ:
-0.20
URNM:
-0.74
CCJ:
0.05
URNM:
-0.93
CCJ:
1.01
URNM:
0.89
CCJ:
-0.24
URNM:
-0.60
CCJ:
-0.49
URNM:
-1.14
CCJ:
19.43%
URNM:
26.93%
CCJ:
48.33%
URNM:
41.59%
CCJ:
-87.86%
URNM:
-50.78%
CCJ:
-28.05%
URNM:
-40.60%
Returns By Period
In the year-to-date period, CCJ achieves a -14.40% return, which is significantly higher than URNM's -15.73% return.
CCJ
-14.40%
3.19%
-18.06%
-10.69%
35.00%
10.88%
URNM
-15.73%
1.92%
-29.35%
-31.52%
23.07%
N/A
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Risk-Adjusted Performance
CCJ vs. URNM — Risk-Adjusted Performance Rank
CCJ
URNM
CCJ vs. URNM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cameco Corporation (CCJ) and NorthShore Global Uranium Mining ETF (URNM). 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
CCJ vs. URNM - Dividend Comparison
CCJ's dividend yield for the trailing twelve months is around 0.26%, less than URNM's 3.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCJ Cameco Corporation | 0.26% | 0.22% | 0.20% | 0.39% | 0.29% | 0.46% | 0.67% | 0.53% | 3.36% | 2.88% | 2.50% | 2.19% |
URNM NorthShore Global Uranium Mining ETF | 3.76% | 3.17% | 3.63% | 0.00% | 6.70% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CCJ vs. URNM - Drawdown Comparison
The maximum CCJ drawdown since its inception was -87.86%, which is greater than URNM's maximum drawdown of -50.78%. Use the drawdown chart below to compare losses from any high point for CCJ and URNM. For additional features, visit the drawdowns tool.
Volatility
CCJ vs. URNM - Volatility Comparison
Cameco Corporation (CCJ) and NorthShore Global Uranium Mining ETF (URNM) have volatilities of 16.91% and 16.68%, 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.