UX vs. SRUUF
UX (Roundhill Uranium ETF) and SRUUF (Sprott Physical Uranium Trust Fund) are both funds - UX is a Commodity Producers Equities fund actively managed by Roundhill, while SRUUF is a Commodities fund actively managed by Sprott. Both are actively managed. Over the past year, UX returned 17.18% vs 21.00% for SRUUF. With a 0.98 correlation, they move nearly in lockstep. UX charges 0.75%/yr vs 0.70%/yr for SRUUF.
Performance
UX vs. SRUUF - Performance Comparison
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Returns By Period
In the year-to-date period, UX achieves a -0.61% return, which is significantly lower than SRUUF's 0.93% return.
UX
- 1D
- -2.53%
- 1M
- -3.11%
- YTD
- -0.61%
- 6M
- 6.59%
- 1Y
- 17.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SRUUF
- 1D
- -2.82%
- 1M
- -3.15%
- YTD
- 0.93%
- 6M
- 8.74%
- 1Y
- 21.00%
- 3Y*
- 14.65%
- 5Y*
- —
- 10Y*
- —
UX vs. SRUUF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UX Roundhill Uranium ETF | -0.61% | 15.76% |
SRUUF Sprott Physical Uranium Trust Fund | 0.93% | 20.10% |
Correlation
The correlation between UX and SRUUF is 0.97 - 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 | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2025 | 0.98 |
The correlation between UX and SRUUF has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
UX vs. SRUUF — Risk / Return Rank
UX
SRUUF
UX vs. SRUUF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Uranium ETF (UX) and Sprott Physical Uranium Trust Fund (SRUUF). 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.
| UX | SRUUF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.13 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 0.92 | -0.19 |
| Martin ratioReturn relative to average drawdown | 1.45 | 1.86 | -0.41 |
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
| UX | SRUUF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 0.61 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.40 | -0.10 |
Drawdowns
UX vs. SRUUF - Drawdown Comparison
The maximum UX drawdown since its inception was -23.72%, smaller than the maximum SRUUF drawdown of -48.68%. Use the drawdown chart below to compare losses from any high point for UX and SRUUF.
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Drawdown Indicators
| UX | SRUUF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -48.68% | +24.96% |
Max Drawdown (1Y)Largest decline over 1 year | -23.72% | -22.98% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | — | -48.68% | — |
Current DrawdownCurrent decline from peak | -19.59% | -21.59% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -21.79% | +11.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.87% | 11.29% | +0.58% |
Volatility
UX vs. SRUUF - Volatility Comparison
Roundhill Uranium ETF (UX) and Sprott Physical Uranium Trust Fund (SRUUF) have volatilities of 8.07% and 7.75%, 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
| UX | SRUUF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.07% | 7.75% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 24.59% | 24.53% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.45% | 34.51% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.20% | 41.81% | -5.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.20% | 41.81% | -5.61% |
UX vs. SRUUF - Expense Ratio Comparison
UX has a 0.75% expense ratio, which is higher than SRUUF's 0.70% expense ratio.
Dividends
UX vs. SRUUF - Dividend Comparison
UX's dividend yield for the trailing twelve months is around 1.49%, while SRUUF has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
SRUUF Sprott Physical Uranium Trust Fund | 0.00% | 0.00% |
UX Roundhill Uranium ETF | 1.49% | 1.48% |
Frequently Asked Questions
With a correlation of 0.97, UX and SRUUF 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.
UX has higher volatility (8.07%) compared to SRUUF (7.75%). In terms of maximum drawdown, UX dropped -23.72% vs SRUUF's -48.68%.
SRUUF currently has the higher Sharpe Ratio (0.61 vs 0.50), 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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