UX vs. URA

Last updated Jun 23, 2026

UX (Roundhill Uranium ETF) and URA (Global X Uranium ETF) are both Uranium funds. UX is actively managed, while URA is passively managed. Over the past year, UX returned 0.67% vs 33.35% for URA. A 0.64 correlation means they provide meaningful diversification when combined. UX charges 0.75%/yr vs 0.69%/yr for URA.

Performance

UX vs. URA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Uranium ETF (UX) and Global X Uranium ETF (URA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UX achieves a -5.73% return, which is significantly lower than URA's 9.52% return.

UX

• 1D: -0.76%
• 1M: -4.25%
• YTD: -5.73%
• 6M: -3.70%
• 1Y: 0.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

URA

• 1D: -2.05%
• 1M: -4.41%
• YTD: 9.52%
• 6M: 6.18%
• 1Y: 33.35%
• 3Y*: 35.88%
• 5Y*: 21.66%
• 10Y*: 16.73%

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

UX vs. URA - Yearly Performance Comparison

	2026 (YTD)	2025
UX Roundhill Uranium ETF	-5.73%	18.96%
URA Global X Uranium ETF	9.52%	62.33%

Correlation

The correlation between UX and URA is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jan 29, 2025	0.64

The correlation between UX and URA has been stable across timeframes, ranging from 0.62 to 0.64 - a consistent structural relationship.

UX vs. URA - Sectors Allocation Comparison

Sectors	UX	URA
Energy	100.0%	64.2%
Basic Materials	-	4.8%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	22.7%
Real Estate	-	-
Technology	-	0.9%
Utilities	-	7.4%

Return for Risk

UX vs. URA — Risk / Return Rank

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

UX

UX Risk / Return Rank: 9
UX Sharpe Ratio Rank: 9
UX Sortino Ratio Rank: 9
UX Omega Ratio Rank: 9
UX Calmar Ratio Rank: 9
UX Martin Ratio Rank: 9

URA

URA Risk / Return Rank: 21
URA Sharpe Ratio Rank: 19
URA Sortino Ratio Rank: 23
URA Omega Ratio Rank: 21
URA Calmar Ratio Rank: 23
URA Martin Ratio Rank: 20

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.

UX vs. URA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Uranium ETF (UX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	UX	URA	Difference
Sharpe ratio: Return per unit of total volatility	0.02	0.65	-0.63
Sortino ratio: Return per unit of downside risk	0.27	1.23	-0.95
Omega ratio: Gain probability vs. loss probability	1.03	1.14	-0.11
Calmar ratio: Return relative to maximum drawdown	0.03	1.06	-1.04
Martin ratio: Return relative to average drawdown	0.05	2.31	-2.26

UX vs. URA - Sharpe Ratio Comparison

The current UX Sharpe Ratio is 0.02, which is lower than the URA Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of UX and URA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UX vs. URA - Drawdown Comparison

The maximum UX drawdown since its inception was -24.92%, smaller than the maximum URA drawdown of -93.54%. Use the drawdown chart below to compare losses from any high point for UX and URA.

Drawdown Indicators

	UX	URA	Difference
Max Drawdown Largest peak-to-trough decline	-24.92%	-93.54%	+68.62%
Max Drawdown (1Y) Largest decline over 1 year	-24.92%	-31.48%	+6.56%
Max Drawdown (3Y) Largest decline over 3 years	—	-37.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.45%	—
Current Drawdown Current decline from peak	-23.73%	-46.89%	+23.16%
Average Drawdown Average peak-to-trough decline	-10.54%	-74.90%	+64.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.88%	14.49%	-1.61%

Volatility

UX vs. URA - Volatility Comparison

The current volatility for Roundhill Uranium ETF (UX) is 8.00%, while Global X Uranium ETF (URA) has a volatility of 17.80%. This indicates that UX 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.

Volatility by Period

	UX	URA	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.00%	17.80%	-9.80%
Volatility (6M) Calculated over the trailing 6-month period	24.86%	39.54%	-14.68%
Volatility (1Y) Calculated over the trailing 1-year period	34.17%	51.36%	-17.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.04%	43.90%	-7.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.04%	37.96%	-1.92%

UX vs. URA - Expense Ratio Comparison

UX has a 0.75% expense ratio, which is higher than URA's 0.69% expense ratio.

Dividends

UX vs. URA - Dividend Comparison

UX's dividend yield for the trailing twelve months is around 1.57%, less than URA's 4.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
URA Global X Uranium ETF	4.45%	4.88%	2.86%	6.07%	0.76%	5.84%	1.69%	1.66%	0.44%	2.03%	7.28%	1.96%
UX Roundhill Uranium ETF	1.57%	1.48%	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 UX and URA in my portfolio?

UX and URA have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UX or URA?

URA has higher volatility (17.80%) compared to UX (8.00%). In terms of maximum drawdown, UX dropped -24.92% vs URA's -93.54%.

Which ETF is better, UX or URA?

On 1-year performance, URA leads with 33.35% vs 0.67% for UX. On fees, URA is cheaper at 0.69% per year. On volatility, UX has been the lower-risk option at 8.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UX or URA?

Over the 1-year period, URA has performed better with a 33.35% return vs 0.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UX or URA?

URA is cheaper with a 0.69% expense ratio, compared with 0.75% for UX.

Which ETF pays a higher dividend yield, UX or URA?

URA has the higher dividend yield at 4.45%, compared with 1.57% for UX.

What is the main difference between UX and URA?

They also come from different issuers: Roundhill and Global X. Their fees differ too: 0.75% for UX and 0.69% for URA.

Which has better risk-adjusted returns?

URA currently has the higher Sharpe Ratio (0.65 vs 0.02), 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.