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XCG.TO vs. URNM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XCG.TO vs. URNM

Last updated Jun 5, 2026

XCG.TO (iShares Canadian Growth Index ETF) and URNM (NorthShore Global Uranium Mining ETF) are both exchange-traded funds - XCG.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while URNM is a Commodity Producers Equities fund tracking the North Shore Global Uranium Mining Index. Both are passively managed. Over the past 5 years, XCG.TO returned 8.36%/yr vs 18.75%/yr for URNM. At a 0.42 correlation, their price movements are largely independent. XCG.TO charges 0.55%/yr vs 0.85%/yr for URNM.

Performance

XCG.TO vs. URNM - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Canadian Growth Index ETF (XCG.TO) and NorthShore Global Uranium Mining ETF (URNM). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XCG.TO is traded in CAD, while URNM is traded in USD. To make them comparable, the URNM values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XCG.TO achieves a 2.86% return, which is significantly lower than URNM's 12.75% return.

XCG.TO

1D
0.92%
1M
3.98%
YTD
2.86%
6M
-4.93%
1Y
5.89%
3Y*
13.77%
5Y*
8.36%
10Y*
9.54%

URNM

1D
-0.57%
1M
-3.80%
YTD
12.75%
6M
4.63%
1Y
51.97%
3Y*
27.56%
5Y*
18.75%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XCG.TO vs. URNM - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XCG.TO
iShares Canadian Growth Index ETF		2.86%9.37%21.40%17.43%-11.67%15.98%11.25%0.42%
URNM
NorthShore Global Uranium Mining ETF		12.75%34.32%-6.75%54.33%-5.58%76.71%65.52%1.93%

Correlation

The correlation between XCG.TO and URNM is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

Correlation (3Y)
Calculated over the trailing 3-year period

0.43

Correlation (5Y)
Calculated over the trailing 5-year period

0.43

Correlation (All Time)
Calculated using the full available price history since Dec 5, 2019

0.42

XCG.TO vs. URNM - Sectors Allocation Comparison

Sectors
XCG.TO
URNM

Basic Materials

27.2%
2.6%

Industrials

22.4%

-

Technology

17.0%

-

Financial Services

10.0%

-

Energy

9.7%
97.4%

Consumer Cyclical

7.2%

-

Consumer Defensive

4.6%

-

Communication Services

1.5%

-

Real Estate

0.4%

-

Healthcare

-

-

Utilities

-

-

Basic Materials

XCG.TO
27.2%
URNM
2.6%

Industrials

XCG.TO
22.4%
URNM

-

Technology

XCG.TO
17.0%
URNM

-

Financial Services

XCG.TO
10.0%
URNM

-

Energy

XCG.TO
9.7%
URNM
97.4%

Consumer Cyclical

XCG.TO
7.2%
URNM

-

Consumer Defensive

XCG.TO
4.6%
URNM

-

Communication Services

XCG.TO
1.5%
URNM

-

Real Estate

XCG.TO
0.4%
URNM

-

Healthcare

XCG.TO

-

URNM

-

Utilities

XCG.TO

-

URNM

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Canadian Growth Index ETF

NorthShore Global Uranium Mining ETF

Often compared with XCG.TO:
XCG.TO vs. XGRO.TOXCG.TO vs. VGRO.TOXCG.TO vs. VUGXCG.TO vs. VFV.TOXCG.TO vs. SCHGXCG.TO vs. XEG.TOXCG.TO vs. VDY.TO
Often compared with URNM:
URNM vs. URAURNM vs. NLRURNM vs. URNJURNM vs. URNP.LURNM vs. NUKZURNM vs. URANURNM vs. LEU

Return for Risk

XCG.TO vs. URNM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XCG.TO
XCG.TO Risk / Return Rank: 1414
Overall Rank
XCG.TO Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
XCG.TO Sortino Ratio Rank: 1313
Sortino Ratio Rank
XCG.TO Omega Ratio Rank: 1414
Omega Ratio Rank
XCG.TO Calmar Ratio Rank: 1414
Calmar Ratio Rank
XCG.TO Martin Ratio Rank: 1515
Martin Ratio Rank
URNM
URNM Risk / Return Rank: 2929
Overall Rank
URNM Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
URNM Sortino Ratio Rank: 3030
Sortino Ratio Rank
URNM Omega Ratio Rank: 2828
Omega Ratio Rank
URNM Calmar Ratio Rank: 3232
Calmar Ratio Rank
URNM Martin Ratio Rank: 2626
Martin Ratio Rank
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.

XCG.TO vs. URNM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Growth Index ETF (XCG.TO) 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.

XCG.TOURNMDifference
Sharpe ratioReturn per unit of total volatility
0.30
1.04

-0.74

Sortino ratioReturn per unit of downside risk
0.52
1.67

-1.16

Omega ratioGain probability vs. loss probability

1.07

1.19

-0.12

Calmar ratioReturn relative to maximum drawdown

0.39

1.68

-1.29

Martin ratioReturn relative to average drawdown

1.12

3.61

-2.49

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCG.TO vs. URNM - Sharpe Ratio Comparison

The current XCG.TO Sharpe Ratio is 0.30, which is lower than the URNM Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of XCG.TO and URNM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XCG.TOURNMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.30

1.04

-0.74

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

0.41

+0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

0.73

-0.36

Drawdowns

XCG.TO vs. URNM - Drawdown Comparison

The maximum XCG.TO drawdown since its inception was -52.64%, which is greater than URNM's maximum drawdown of -48.53%. Use the drawdown chart below to compare losses from any high point for XCG.TO and URNM.

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Drawdown Indicators

XCG.TOURNMDifference

Max Drawdown

Largest peak-to-trough decline

-52.64%

-48.53%

-4.11%

Max Drawdown (1Y)

Largest decline over 1 year

-15.27%

-31.09%

+15.82%

Max Drawdown (3Y)

Largest decline over 3 years

-15.27%

-48.53%

+33.26%

Max Drawdown (5Y)

Largest decline over 5 years

-21.61%

-48.53%

+26.92%

Max Drawdown (10Y)

Largest decline over 10 years

-32.14%

—

—

Current Drawdown

Current decline from peak

-6.45%

-25.41%

+18.96%

Average Drawdown

Average peak-to-trough decline

-10.87%

-16.33%

+5.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.26%

14.42%

-9.16%

Volatility

XCG.TO vs. URNM - Volatility Comparison

The current volatility for iShares Canadian Growth Index ETF (XCG.TO) is 5.11%, while NorthShore Global Uranium Mining ETF (URNM) has a volatility of 15.79%. This indicates that XCG.TO experiences smaller price fluctuations and is considered to be less risky than URNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XCG.TOURNMDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.11%

15.79%

-10.68%

Volatility (6M)

Calculated over the trailing 6-month period

17.02%

39.32%

-22.30%

Volatility (1Y)

Calculated over the trailing 1-year period

20.07%

50.24%

-30.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.88%

45.99%

-30.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.48%

44.53%

-28.05%

XCG.TO vs. URNM - Expense Ratio Comparison

XCG.TO has a 0.55% expense ratio, which is lower than URNM's 0.85% expense ratio.

Dividends

XCG.TO vs. URNM - Dividend Comparison

XCG.TO's dividend yield for the trailing twelve months is around 0.49%, less than URNM's 2.86% yield.

PositionTTM20252024202320222021202020192018201720162015
URNM
NorthShore Global Uranium Mining ETF		2.86%3.18%3.18%3.63%0.00%6.70%2.57%0.00%0.00%0.00%0.00%0.00%
XCG.TO
iShares Canadian Growth Index ETF		0.49%0.45%0.60%1.33%1.59%1.46%1.69%1.53%1.65%1.03%0.97%0.72%

Frequently Asked Questions

XCG.TO and URNM have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XCG.TO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XCG.TO is cheaper with a 0.55% expense ratio, compared with 0.85% for URNM.

XCG.TO is categorized as Canada Equities, while URNM is Commodity Producers Equities. XCG.TO tracks Morningstar Canada GR CAD, while URNM tracks North Shore Global Uranium Mining Index. They also come from different issuers: iShares and Exchange Traded Concepts. Their fees differ too: 0.55% for XCG.TO and 0.85% for URNM.

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