URNU.L vs. URNG.L
URNU.L (Global X Uranium UCITS ETF USD Acc) and URNG.L (Global X Uranium UCITS ETF USD Accumulating) are both Commodity Producers Equities funds from Global X - URNU.L tracks the Solactive Global Uranium & Nuclear Components Total Return v2 Index while URNG.L tracks the Solactive Global Uranium & Nuclear Components. Both are passively managed. Over the past 3 years, URNU.L returned 39.46%/yr vs 39.62%/yr for URNG.L. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.65% expense ratio.
Performance
URNU.L vs. URNG.L - Performance Comparison
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Different Trading Currencies
URNU.L is traded in USD, while URNG.L is traded in GBP. To make them comparable, the URNG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, URNU.L achieves a 17.09% return, which is significantly lower than URNG.L's 17.98% return.
URNU.L
- 1D
- -1.01%
- 1M
- -9.43%
- YTD
- 17.09%
- 6M
- 7.07%
- 1Y
- 62.07%
- 3Y*
- 39.46%
- 5Y*
- —
- 10Y*
- —
URNG.L
- 1D
- -0.43%
- 1M
- -8.55%
- YTD
- 17.98%
- 6M
- 8.04%
- 1Y
- 63.07%
- 3Y*
- 39.62%
- 5Y*
- —
- 10Y*
- —
URNU.L vs. URNG.L - 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% |
URNG.L Global X Uranium UCITS ETF USD Accumulating | 17.98% | 70.46% | 1.25% | 37.77% | 4.53% |
Correlation
The correlation between URNU.L and URNG.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2022 | 0.98 |
The correlation between URNU.L and URNG.L has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
URNU.L vs. URNG.L — Risk / Return Rank
URNU.L
URNG.L
URNU.L vs. URNG.L - 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 Global X Uranium UCITS ETF USD Accumulating (URNG.L). 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 | URNG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.84 | +0.02 |
| Martin ratioReturn relative to average drawdown | 4.50 | 4.59 | -0.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| URNU.L | URNG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.26 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.53 | +0.35 |
Drawdowns
URNU.L vs. URNG.L - Drawdown Comparison
The maximum URNU.L drawdown since its inception was -38.62%, roughly equal to the maximum URNG.L drawdown of -38.37%. Use the drawdown chart below to compare losses from any high point for URNU.L and URNG.L.
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Drawdown Indicators
| URNU.L | URNG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -38.37% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -33.08% | -34.12% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -38.62% | -38.37% | -0.25% |
Current DrawdownCurrent decline from peak | -16.85% | -16.29% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -10.93% | -13.12% | +2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.72% | 13.70% | +0.02% |
Volatility
URNU.L vs. URNG.L - Volatility Comparison
Global X Uranium UCITS ETF USD Acc (URNU.L) and Global X Uranium UCITS ETF USD Accumulating (URNG.L) have volatilities of 14.95% and 15.52%, 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.
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Volatility by Period
| URNU.L | URNG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.95% | 15.52% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 35.44% | 34.98% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.25% | 49.87% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.61% | 41.35% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.61% | 41.35% | -0.74% |
URNU.L vs. URNG.L - Expense Ratio Comparison
Both URNU.L and URNG.L have an expense ratio of 0.65%.
Dividends
URNU.L vs. URNG.L - Dividend Comparison
Neither URNU.L nor URNG.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, URNU.L and URNG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
URNU.L and URNG.L have the same expense ratio: 0.65% per year.
URNU.L tracks Solactive Global Uranium & Nuclear Components Total Return v2 Index, while URNG.L tracks Solactive Global Uranium & Nuclear Components.
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