UX vs. URAA

Last updated Aug 2, 2026

UX (Roundhill Uranium ETF) and URAA (Direxion Daily Uranium Industry Bull 2X Shares) are both Uranium funds. UX is actively managed, while URAA is passively managed. Over the past year, UX returned 8.41% vs -17.19% for URAA. Their 0.66 correlation means they have sometimes moved together and sometimes differently. UX charges 0.75%/yr vs 1.28%/yr for URAA.

Performance

UX vs. URAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Uranium ETF (UX) and Direxion Daily Uranium Industry Bull 2X Shares (URAA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UX achieves a -7.20% return, which is significantly higher than URAA's -33.35% return.

UX

• 1D: -0.42%
• 1M: -3.39%
• 6M: -20.24%
• YTD: -7.20%
• 1Y: 8.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.81%

URAA

• 1D: -2.37%
• 1M: -17.06%
• 6M: -57.33%
• YTD: -33.35%
• 1Y: -17.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -3.29%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
URAA Direxion Daily Uranium Industry Bull 2X Shares	$1.05M	$1.23M	$2.40M
UX Roundhill Uranium ETF	$78.52K	$83.79K	$172.73K

UX vs. URAA - Yearly Performance Comparison

	2026 (YTD)	2025
UX Roundhill Uranium ETF	-7.20%	18.96%
URAA Direxion Daily Uranium Industry Bull 2X Shares	-33.35%	87.50%

Correlation

The correlation between UX and URAA is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (All Time) Calculated using the full available price history since Jan 29, 2025	0.66

The correlation between UX and URAA has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.

UX vs. URAA - Sectors Allocation Comparison

Sectors	UX	URAA
Energy	100.0%	64.2%
Basic Materials	-	2.8%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	17.8%
Real Estate	-	-
Technology	-	1.1%
Utilities	-	14.2%

Return for Risk

UX vs. URAA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UX

UX Risk / Return Rank: 18
UX Sharpe Ratio Rank: 18
UX Sortino Ratio Rank: 20
UX Omega Ratio Rank: 19
UX Calmar Ratio Rank: 18
UX Martin Ratio Rank: 16

URAA

URAA Risk / Return Rank: 10
URAA Sharpe Ratio Rank: 8
URAA Sortino Ratio Rank: 14
URAA Omega Ratio Rank: 14
URAA Calmar Ratio Rank: 7
URAA Martin Ratio Rank: 7

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UX vs. URAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Uranium ETF (UX) and Direxion Daily Uranium Industry Bull 2X Shares (URAA). 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	URAA	Difference
Sharpe ratio: Return per unit of total volatility	0.32	-0.21	+0.53
Sortino ratio: Return per unit of downside risk	0.69	0.37	+0.32
Omega ratio: Gain probability vs. loss probability	1.08	1.04	+0.04
Calmar ratio: Return relative to maximum drawdown	0.42	-0.30	+0.72
Martin ratio: Return relative to average drawdown	0.76	-0.57	+1.33

UX vs. URAA - Sharpe Ratio Comparison

The current UX Sharpe Ratio is 0.32, which is higher than the URAA Sharpe Ratio of -0.21. The chart below compares the historical Sharpe Ratios of UX and URAA, 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. URAA - Drawdown Comparison

The maximum UX drawdown since its inception was -26.11%, smaller than the maximum URAA drawdown of -69.08%. Use the drawdown chart below to compare losses from any high point for UX and URAA.

Drawdown Indicators

	UX	URAA	Difference
Max Drawdown Largest peak-to-trough decline	-26.11%	-69.08%	+42.97%
Max Drawdown (1Y) Largest decline over 1 year	-26.11%	-69.08%	+42.97%
Current Drawdown Current decline from peak	-24.92%	-66.44%	+41.52%
Average Drawdown Average peak-to-trough decline	-11.56%	-29.67%	+18.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.45%	35.84%	-21.39%

Volatility

UX vs. URAA - Volatility Comparison

The current volatility for Roundhill Uranium ETF (UX) is 9.15%, while Direxion Daily Uranium Industry Bull 2X Shares (URAA) has a volatility of 26.55%. This indicates that UX experiences smaller price fluctuations and is considered to be less risky than URAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UX	URAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.15%	26.55%	-17.40%
Volatility (6M) Calculated over the trailing 6-month period	22.93%	72.01%	-49.08%
Volatility (1Y) Calculated over the trailing 1-year period	34.30%	97.72%	-63.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.49%	89.21%	-53.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.49%	89.21%	-53.72%

UX vs. URAA - Expense Ratio Comparison

UX has a 0.75% expense ratio, which is lower than URAA's 1.28% expense ratio.

Dividends

UX vs. URAA - Dividend Comparison

UX's dividend yield for the trailing twelve months is around 1.59%, less than URAA's 15.12% yield.

Position	TTM	2025	2024
URAA Direxion Daily Uranium Industry Bull 2X Shares	15.12%	9.14%	4.36%
UX Roundhill Uranium ETF	1.59%	1.48%	0.00%

Frequently Asked Questions

Can I hold both UX and URAA in my portfolio?

UX and URAA have a correlation of 0.68, 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 URAA?

URAA has higher volatility (26.55%) compared to UX (9.15%). In terms of maximum drawdown, UX dropped -26.11% vs URAA's -69.08%.

Which ETF is better, UX or URAA?

On 1-year performance, UX leads with 8.41% vs -17.19% for URAA. On fees, UX is cheaper at 0.75% per year. On volatility, UX has been the lower-risk option at 9.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UX or URAA?

Over the 1-year period, UX has performed better with a 8.41% return vs -17.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UX or URAA?

UX is cheaper with a 0.75% expense ratio, compared with 1.28% for URAA.

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

URAA has the higher dividend yield at 15.12%, compared with 1.59% for UX.

What is the main difference between UX and URAA?

They also come from different issuers: Roundhill and Direxion. Their fees differ too: 0.75% for UX and 1.28% for URAA.

Which has better risk-adjusted returns?

UX currently has the higher Sharpe Ratio (0.32 vs -0.21), 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.