URNP.L vs. UEC
URNP.L (HANetf Sprott Uranium Miners UCITS ETF Acc) is Commodity Producers Equities fund tracking the S&P Global Natural Resources TR USD, while UEC (Uranium Energy Corp.) is a stock. Over the past 3 years, URNP.L returned 25.15%/yr vs 62.20%/yr for UEC. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
URNP.L vs. UEC - Performance Comparison
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Different Trading Currencies
URNP.L is traded in GBp, while UEC is traded in USD. To make them comparable, the UEC values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, URNP.L achieves a 15.46% return, which is significantly lower than UEC's 21.55% return.
URNP.L
- 1D
- 0.00%
- 1M
- -6.77%
- YTD
- 15.46%
- 6M
- 11.40%
- 1Y
- 59.87%
- 3Y*
- 25.15%
- 5Y*
- —
- 10Y*
- —
UEC
- 1D
- 0.35%
- 1M
- -9.18%
- YTD
- 21.55%
- 6M
- 2.08%
- 1Y
- 133.69%
- 3Y*
- 62.20%
- 5Y*
- 35.14%
- 10Y*
- 29.82%
URNP.L vs. UEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
URNP.L HANetf Sprott Uranium Miners UCITS ETF Acc | 15.46% | 33.02% | -12.04% | 50.65% | -9.79% |
UEC Uranium Energy Corp. | 21.55% | 62.15% | 6.36% | 56.70% | -4.23% |
Correlation
The correlation between URNP.L and UEC is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.55 |
The correlation between URNP.L and UEC has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.
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Return for Risk
URNP.L vs. UEC — Risk / Return Rank
URNP.L
UEC
URNP.L vs. UEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Sprott Uranium Miners UCITS ETF Acc (URNP.L) and Uranium Energy Corp. (UEC). 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.
| URNP.L | UEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 3.36 | -0.95 |
| Martin ratioReturn relative to average drawdown | 5.24 | 6.72 | -1.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| URNP.L | UEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.80 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.49 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.12 | +0.28 |
Drawdowns
URNP.L vs. UEC - Drawdown Comparison
The maximum URNP.L drawdown since its inception was -51.01%, smaller than the maximum UEC drawdown of -94.59%. Use the drawdown chart below to compare losses from any high point for URNP.L and UEC.
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Drawdown Indicators
| URNP.L | UEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.01% | -94.59% | +43.58% |
Max Drawdown (1Y)Largest decline over 1 year | -24.71% | -39.58% | +14.87% |
Max Drawdown (3Y)Largest decline over 3 years | -51.01% | -53.81% | +2.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -61.88% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -79.30% | — |
Current DrawdownCurrent decline from peak | -19.95% | -28.36% | +8.41% |
Average DrawdownAverage peak-to-trough decline | -17.85% | -55.22% | +37.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.38% | 19.74% | -8.36% |
Volatility
URNP.L vs. UEC - Volatility Comparison
The current volatility for HANetf Sprott Uranium Miners UCITS ETF Acc (URNP.L) is 12.68%, while Uranium Energy Corp. (UEC) has a volatility of 26.53%. This indicates that URNP.L experiences smaller price fluctuations and is considered to be less risky than UEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URNP.L | UEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.68% | 26.53% | -13.85% |
Volatility (6M)Calculated over the trailing 6-month period | 31.75% | 55.63% | -23.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.52% | 74.15% | -28.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.93% | 72.34% | -32.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.93% | 72.93% | -33.00% |
Dividends
URNP.L vs. UEC - Dividend Comparison
Neither URNP.L nor UEC has paid dividends to shareholders.
Frequently Asked Questions
URNP.L and UEC have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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