UTWO vs. URA
UTWO (US Treasury 2 Year Note ETF) and URA (Global X Uranium ETF) are both exchange-traded funds - UTWO is a Government Bonds fund tracking the ICE BofA Current 2 Year US Treasury Index - Benchmark TR Gross, while URA is a Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components Index. Both are passively managed. Over the past 3 years, UTWO returned 3.78%/yr vs 39.27%/yr for URA. At a 0.05 correlation, their price movements are largely independent. UTWO charges 0.15%/yr vs 0.69%/yr for URA.
Performance
UTWO vs. URA - Performance Comparison
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Returns By Period
In the year-to-date period, UTWO achieves a 0.33% return, which is significantly lower than URA's 17.93% return.
UTWO
- 1D
- -0.04%
- 1M
- 0.07%
- YTD
- 0.33%
- 6M
- 0.63%
- 1Y
- 3.13%
- 3Y*
- 3.78%
- 5Y*
- —
- 10Y*
- —
URA
- 1D
- -5.67%
- 1M
- -8.00%
- YTD
- 17.93%
- 6M
- 13.25%
- 1Y
- 61.26%
- 3Y*
- 39.27%
- 5Y*
- 21.39%
- 10Y*
- 17.12%
UTWO vs. URA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UTWO US Treasury 2 Year Note ETF | 0.33% | 4.79% | 3.71% | 3.45% | -0.81% |
URA Global X Uranium ETF | 17.93% | 67.18% | -0.58% | 46.25% | -4.41% |
Correlation
The correlation between UTWO and URA is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022 | 0.05 |
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Return for Risk
UTWO vs. URA — Risk / Return Rank
UTWO
URA
UTWO vs. URA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 2 Year Note ETF (UTWO) and Global X Uranium ETF (URA). 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.
| UTWO | URA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.22 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 2.17 | +1.33 |
| Martin ratioReturn relative to average drawdown | 12.89 | 4.58 | +8.30 |
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
| UTWO | URA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 1.23 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.49 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.45 | -0.05 | +1.50 |
Drawdowns
UTWO vs. URA - Drawdown Comparison
The maximum UTWO drawdown since its inception was -2.04%, smaller than the maximum URA drawdown of -93.54%. Use the drawdown chart below to compare losses from any high point for UTWO and URA.
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Drawdown Indicators
| UTWO | URA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.04% | -93.54% | +91.50% |
Max Drawdown (1Y)Largest decline over 1 year | -0.90% | -28.43% | +27.53% |
Max Drawdown (3Y)Largest decline over 3 years | -1.08% | -37.81% | +36.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.45% | — |
Current DrawdownCurrent decline from peak | -0.38% | -42.81% | +42.43% |
Average DrawdownAverage peak-to-trough decline | -0.49% | -75.01% | +74.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 13.40% | -13.16% |
Volatility
UTWO vs. URA - Volatility Comparison
The current volatility for US Treasury 2 Year Note ETF (UTWO) is 0.36%, while Global X Uranium ETF (URA) has a volatility of 15.94%. This indicates that UTWO experiences smaller price fluctuations and is considered to be less risky than URA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTWO | URA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 15.94% | -15.58% |
Volatility (6M)Calculated over the trailing 6-month period | 0.92% | 38.29% | -37.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.35% | 50.19% | -48.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.07% | 43.62% | -41.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.07% | 37.73% | -35.66% |
UTWO vs. URA - Expense Ratio Comparison
UTWO has a 0.15% expense ratio, which is lower than URA's 0.69% expense ratio.
Dividends
UTWO vs. URA - Dividend Comparison
UTWO's dividend yield for the trailing twelve months is around 3.50%, less than URA's 4.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URA Global X Uranium ETF | 4.14% | 4.88% | 2.86% | 6.07% | 0.76% | 5.84% | 1.69% | 1.66% | 0.44% | 2.03% | 7.28% | 1.96% |
UTWO US Treasury 2 Year Note ETF | 3.50% | 3.63% | 4.22% | 4.39% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UTWO and URA have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URA has higher volatility (15.94%) compared to UTWO (0.36%). In terms of maximum drawdown, UTWO dropped -2.04% vs URA's -93.54%.
On 3-year performance, URA leads with 39.27% vs 3.78% for UTWO. On fees, UTWO is cheaper at 0.15% per year. On volatility, UTWO has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, URA has performed better with a 39.27% return vs 3.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UTWO is cheaper with a 0.15% expense ratio, compared with 0.69% for URA.
URA has the higher dividend yield at 4.14%, compared with 3.50% for UTWO.
UTWO is categorized as Government Bonds, while URA is Commodity Producers Equities. UTWO tracks ICE BofA Current 2 Year US Treasury Index - Benchmark TR Gross, while URA tracks Solactive Global Uranium & Nuclear Components Index. They also come from different issuers: US Benchmark Series and Global X. Their fees differ too: 0.15% for UTWO and 0.69% for URA.
UTWO currently has the higher Sharpe Ratio (2.33 vs 1.23), 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.
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