URNM vs. CCJ
URNM (Sprott Uranium Miners ETF) is Uranium fund tracking the VettaFi Global Uranium Miners Index, while CCJ (Cameco Corporation) is a stock. Over the past 5 years, URNM returned 13.97%/yr vs 37.49%/yr for CCJ. Their correlation of 0.84 means they have usually moved in the same direction.
Performance
URNM vs. CCJ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, URNM achieves a -11.51% return, which is significantly lower than CCJ's -5.59% return.
URNM
- 1D
- -1.78%
- 1M
- -8.06%
- 6M
- -34.68%
- YTD
- -11.51%
- 1Y
- 12.09%
- 3Y*
- 15.53%
- 5Y*
- 13.97%
- 10Y*
- —
- ALL TIME*
- 25.97%
CCJ
- 1D
- -2.10%
- 1M
- -10.52%
- 6M
- -29.99%
- YTD
- -5.59%
- 1Y
- 18.67%
- 3Y*
- 36.00%
- 5Y*
- 37.49%
- 10Y*
- 25.91%
- ALL TIME*
- 9.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $353.80M | $350.26M | $354.16M | |
| $16.15M | $21.14M | $35.55M |
URNM vs. CCJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
URNM Sprott Uranium Miners ETF | -11.51% | 40.78% | -14.13% | 57.80% | -11.86% | 78.32% | 68.36% | 4.05% |
CCJ Cameco Corporation | -5.59% | 78.38% | 19.47% | 90.49% | 4.35% | 63.19% | 51.47% | -2.94% |
Correlation
The correlation between URNM and CCJ is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.84 |
The correlation between URNM and CCJ has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
URNM vs. CCJ — Risk / Return Rank
URNM
CCJ
URNM vs. CCJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Uranium Miners ETF (URNM) and Cameco Corporation (CCJ). 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 | CCJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.10 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 0.42 | -0.17 |
| Martin ratioReturn relative to average drawdown | 0.54 | 0.98 | -0.44 |
Loading charts...
Drawdowns
URNM vs. CCJ - Drawdown Comparison
The maximum URNM drawdown since its inception was -50.78%, smaller than the maximum CCJ drawdown of -87.53%. Use the drawdown chart below to compare losses from any high point for URNM and CCJ.
Loading charts...
Drawdown Indicators
| URNM | CCJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.78% | -87.53% | +36.75% |
Max Drawdown (1Y)Largest decline over 1 year | -43.89% | -36.93% | -6.96% |
Max Drawdown (3Y)Largest decline over 3 years | -50.78% | -40.01% | -10.77% |
Max Drawdown (5Y)Largest decline over 5 years | -50.78% | -40.01% | -10.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.22% | — |
Current DrawdownCurrent decline from peak | -42.17% | -35.58% | -6.59% |
Average DrawdownAverage peak-to-trough decline | -18.48% | -46.00% | +27.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.85% | 15.91% | +4.94% |
Volatility
URNM vs. CCJ - Volatility Comparison
Sprott Uranium Miners ETF (URNM) has a higher volatility of 13.67% compared to Cameco Corporation (CCJ) at 11.91%. This indicates that URNM's price experiences larger fluctuations and is considered to be riskier than CCJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| URNM | CCJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.67% | 11.91% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 39.86% | 39.28% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.26% | 55.93% | -2.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.65% | 49.93% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.95% | 46.76% | +0.19% |
Dividends
URNM vs. CCJ - Dividend Comparison
URNM's dividend yield for the trailing twelve months is around 3.59%, more than CCJ's 0.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCJ Cameco Corporation | 0.20% | 0.19% | 0.22% | 0.20% | 0.39% | 0.29% | 0.46% | 0.67% | 0.53% | 4.33% | 3.82% | 3.24% |
URNM Sprott Uranium Miners ETF | 3.59% | 3.18% | 3.18% | 3.63% | 0.00% | 6.70% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
URNM and CCJ have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URNM has higher volatility (13.67%) compared to CCJ (11.91%). In terms of maximum drawdown, URNM dropped -50.78% vs CCJ's -87.53%.
CCJ currently has the higher Sharpe Ratio (0.28 vs 0.21), 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.
Find the right allocation for URNM and CCJ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer