UROY vs. URNM

Last updated Apr 2, 2026

Compare and contrast key facts about Uranium Royalty Corp (UROY) 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.

Performance

UROY vs. URNM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Uranium Royalty Corp (UROY) and NorthShore Global Uranium Mining ETF (URNM). The values are adjusted to include any dividend payments, if applicable.

UROY vs. URNM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UROY Uranium Royalty Corp	4.24%	61.64%	-18.89%	13.92%	-35.07%	12.57%
URNM NorthShore Global Uranium Mining ETF	16.36%	40.78%	-14.13%	57.80%	-11.86%	30.41%

Returns By Period

In the year-to-date period, UROY achieves a 4.24% return, which is significantly lower than URNM's 16.36% return.

UROY

• 1D: 1.10%
• 1M: -15.37%
• YTD: 4.24%
• 6M: -13.58%
• 1Y: 101.64%
• 3Y*: 21.45%
• 5Y*: —
• 10Y*: —

URNM

• 1D: 1.14%
• 1M: -15.47%
• YTD: 16.36%
• 6M: 10.70%
• 1Y: 103.12%
• 3Y*: 30.96%
• 5Y*: 20.50%
• 10Y*: —

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

Return for Risk

UROY vs. URNM — Risk / Return Rank

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

UROY

UROY Risk / Return Rank: 80
UROY Sharpe Ratio Rank: 81
UROY Sortino Ratio Rank: 81
UROY Omega Ratio Rank: 76
UROY Calmar Ratio Rank: 83
UROY Martin Ratio Rank: 81

URNM

URNM Risk / Return Rank: 86
URNM Sharpe Ratio Rank: 90
URNM Sortino Ratio Rank: 90
URNM Omega Ratio Rank: 80
URNM Calmar Ratio Rank: 92
URNM Martin Ratio Rank: 81

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.

UROY vs. URNM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Uranium Royalty Corp (UROY) 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.

	UROY	URNM	Difference
Sharpe ratio Return per unit of total volatility	1.35	2.01	-0.66
Sortino ratio Return per unit of downside risk	2.18	2.60	-0.42
Omega ratio Gain probability vs. loss probability	1.26	1.32	-0.06
Calmar ratio Return relative to maximum drawdown	2.76	3.36	-0.60
Martin ratio Return relative to average drawdown	6.43	9.26	-2.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UROY vs. URNM - Sharpe Ratio Comparison

The current UROY Sharpe Ratio is 1.35, which is lower than the URNM Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of UROY and URNM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UROY	URNM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	2.01	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.71	-0.67

Correlation

The correlation between UROY and URNM is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

UROY vs. URNM - Dividend Comparison

UROY has not paid dividends to shareholders, while URNM's dividend yield for the trailing twelve months is around 2.73%.

	TTM	2025	2024	2023	2022	2021	2020
UROY Uranium Royalty Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
URNM NorthShore Global Uranium Mining ETF	2.73%	3.18%	3.18%	3.63%	0.00%	6.70%	2.57%

Drawdowns

UROY vs. URNM - Drawdown Comparison

The maximum UROY drawdown since its inception was -74.57%, which is greater than URNM's maximum drawdown of -50.78%. Use the drawdown chart below to compare losses from any high point for UROY and URNM.

Drawdown Indicators

	UROY	URNM	Difference
Max Drawdown Largest peak-to-trough decline	-74.57%	-50.78%	-23.79%
Max Drawdown (1Y) Largest decline over 1 year	-39.74%	-30.79%	-8.95%
Max Drawdown (5Y) Largest decline over 5 years	—	-50.78%	—
Current Drawdown Current decline from peak	-36.16%	-23.96%	-12.20%
Average Drawdown Average peak-to-trough decline	-48.02%	-17.89%	-30.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.05%	11.19%	+5.86%

Volatility

UROY vs. URNM - Volatility Comparison

Uranium Royalty Corp (UROY) has a higher volatility of 18.53% compared to NorthShore Global Uranium Mining ETF (URNM) at 17.16%. This indicates that UROY's price experiences larger fluctuations and is considered to be riskier than URNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UROY	URNM	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.53%	17.16%	+1.37%
Volatility (6M) Calculated over the trailing 6-month period	53.05%	40.48%	+12.57%
Volatility (1Y) Calculated over the trailing 1-year period	75.68%	51.55%	+24.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.63%	47.95%	+22.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.63%	46.74%	+23.89%