URNU.L vs. GLNCY

Last updated Jun 5, 2026

URNU.L (Global X Uranium UCITS ETF USD Acc) is Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components Total Return v2 Index, while GLNCY (Glencore PLC ADR) is a stock. Over the past 3 years, URNU.L returned 39.46%/yr vs 20.26%/yr for GLNCY. At a 0.37 correlation, their price movements are largely independent.

Performance

URNU.L vs. GLNCY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Uranium UCITS ETF USD Acc (URNU.L) and Glencore PLC ADR (GLNCY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, URNU.L achieves a 17.09% return, which is significantly lower than GLNCY's 51.55% return.

URNU.L

• 1D: -1.01%
• 1M: -9.43%
• YTD: 17.09%
• 6M: 7.07%
• 1Y: 62.07%
• 3Y*: 39.46%
• 5Y*: —
• 10Y*: —

GLNCY

• 1D: 0.92%
• 1M: 8.91%
• YTD: 51.55%
• 6M: 63.20%
• 1Y: 115.33%
• 3Y*: 20.26%
• 5Y*: 17.49%
• 10Y*: 18.98%

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

URNU.L vs. GLNCY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
URNU.L Global X Uranium UCITS ETF USD Acc	17.09%	70.47%	1.22%	39.91%	3.03%
GLNCY Glencore PLC ADR	51.55%	28.74%	-25.38%	-1.13%	2.70%

Correlation

The correlation between URNU.L and GLNCY is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since Dec 20, 2022	0.37

Return for Risk

URNU.L vs. GLNCY — Risk / Return Rank

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

URNU.L

URNU.L Risk / Return Rank: 34
URNU.L Sharpe Ratio Rank: 34
URNU.L Sortino Ratio Rank: 36
URNU.L Omega Ratio Rank: 33
URNU.L Calmar Ratio Rank: 38
URNU.L Martin Ratio Rank: 31

GLNCY

GLNCY Risk / Return Rank: 95
GLNCY Sharpe Ratio Rank: 96
GLNCY Sortino Ratio Rank: 95
GLNCY Omega Ratio Rank: 94
GLNCY Calmar Ratio Rank: 96
GLNCY Martin Ratio Rank: 96

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.

URNU.L vs. GLNCY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Uranium UCITS ETF USD Acc (URNU.L) and Glencore PLC ADR (GLNCY). 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.

	URNU.L	GLNCY	Difference
Sharpe ratio: Return per unit of total volatility	1.22	3.50	-2.28
Sortino ratio: Return per unit of downside risk	1.84	4.13	-2.28
Omega ratio: Gain probability vs. loss probability	1.22	1.53	-0.31
Calmar ratio: Return relative to maximum drawdown	1.86	7.89	-6.03
Martin ratio: Return relative to average drawdown	4.50	24.27	-19.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URNU.L vs. GLNCY - Sharpe Ratio Comparison

The current URNU.L Sharpe Ratio is 1.22, which is lower than the GLNCY Sharpe Ratio of 3.50. The chart below compares the historical Sharpe Ratios of URNU.L and GLNCY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	URNU.L	GLNCY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	3.50	-2.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.49	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.10	+0.78

Drawdowns

URNU.L vs. GLNCY - Drawdown Comparison

The maximum URNU.L drawdown since its inception was -38.62%, smaller than the maximum GLNCY drawdown of -85.04%. Use the drawdown chart below to compare losses from any high point for URNU.L and GLNCY.

Drawdown Indicators

	URNU.L	GLNCY	Difference
Max Drawdown Largest peak-to-trough decline	-38.62%	-85.04%	+46.42%
Max Drawdown (1Y) Largest decline over 1 year	-33.08%	-14.71%	-18.37%
Max Drawdown (3Y) Largest decline over 3 years	-38.62%	-53.44%	+14.82%
Max Drawdown (5Y) Largest decline over 5 years	—	-54.06%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-76.10%	—
Current Drawdown Current decline from peak	-16.85%	-1.38%	-15.47%
Average Drawdown Average peak-to-trough decline	-10.93%	-32.33%	+21.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.72%	4.77%	+8.95%

Volatility

URNU.L vs. GLNCY - Volatility Comparison

Global X Uranium UCITS ETF USD Acc (URNU.L) has a higher volatility of 14.95% compared to Glencore PLC ADR (GLNCY) at 10.05%. This indicates that URNU.L's price experiences larger fluctuations and is considered to be riskier than GLNCY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URNU.L	GLNCY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.95%	10.05%	+4.90%
Volatility (6M) Calculated over the trailing 6-month period	35.44%	24.83%	+10.61%
Volatility (1Y) Calculated over the trailing 1-year period	50.25%	33.20%	+17.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.61%	35.67%	+4.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.61%	39.05%	+1.56%

Dividends

URNU.L vs. GLNCY - Dividend Comparison

URNU.L has not paid dividends to shareholders, while GLNCY's dividend yield for the trailing twelve months is around 1.65%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLNCY Glencore PLC ADR	1.65%	1.83%	2.98%	8.68%	5.56%	3.00%	0.00%	5.50%	4.70%	1.08%	0.00%	13.64%
URNU.L Global X Uranium UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both URNU.L and GLNCY in my portfolio?

URNU.L and GLNCY have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.