XCG.TO vs. URNM

Last updated Jun 25, 2026

XCG.TO (iShares Canadian Growth Index ETF) and URNM (Sprott Uranium Miners ETF) are both exchange-traded funds - XCG.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while URNM is a Uranium fund tracking the VettaFi Global Uranium Miners Index. Both are passively managed. Over the past 5 years, XCG.TO returned 5.26%/yr vs 17.90%/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 Sprott Uranium Miners ETF (URNM). The values are adjusted to include any dividend payments, if applicable.

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 -8.91% return, which is significantly lower than URNM's 2.63% return.

XCG.TO

• 1D: -0.55%
• 1M: -2.50%
• YTD: -8.91%
• 6M: -10.48%
• 1Y: -7.95%
• 3Y*: 9.83%
• 5Y*: 5.26%
• 10Y*: 8.62%

URNM

• 1D: -2.16%
• 1M: -3.81%
• YTD: 2.63%
• 6M: -0.37%
• 1Y: 24.14%
• 3Y*: 25.36%
• 5Y*: 17.90%
• 10Y*: —

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

XCG.TO vs. URNM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XCG.TO iShares Canadian Growth Index ETF	-8.91%	9.36%	21.39%	17.03%	-11.66%	16.02%	11.28%	0.44%
URNM Sprott Uranium Miners ETF	2.63%	34.35%	-6.85%	54.05%	-6.27%	78.24%	64.37%	2.24%

Correlation

The correlation between XCG.TO and URNM is 0.52, 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	0.52
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 4, 2019	0.42

The correlation between XCG.TO and URNM has been stable across timeframes, ranging from 0.42 to 0.52 - a consistent structural relationship.

XCG.TO vs. URNM - Sectors Allocation Comparison

Sectors	XCG.TO	URNM
Basic Materials	28.3%	2.3%
Industrials	22.2%	-
Technology	17.1%	-
Financial Services	10.1%	-
Energy	9.0%	97.7%
Consumer Cyclical	6.9%	-
Consumer Defensive	4.5%	-
Communication Services	1.5%	-
Real Estate	0.4%	-
Healthcare	-	-
Utilities	-	-

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: 6
XCG.TO Sharpe Ratio Rank: 6
XCG.TO Sortino Ratio Rank: 6
XCG.TO Omega Ratio Rank: 6
XCG.TO Calmar Ratio Rank: 6
XCG.TO Martin Ratio Rank: 6

URNM

URNM Risk / Return Rank: 16
URNM Sharpe Ratio Rank: 15
URNM Sortino Ratio Rank: 18
URNM Omega Ratio Rank: 17
URNM Calmar Ratio Rank: 15
URNM Martin Ratio Rank: 15

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 Sprott Uranium Miners 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.

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.

	XCG.TO	URNM	Difference
Sharpe ratio: Return per unit of total volatility	-0.33	0.46	-0.79
Sortino ratio: Return per unit of downside risk	-0.27	1.01	-1.29
Omega ratio: Gain probability vs. loss probability	0.96	1.12	-0.16
Calmar ratio: Return relative to maximum drawdown	-0.37	0.65	-1.03
Martin ratio: Return relative to average drawdown	-0.79	1.49	-2.28

XCG.TO vs. URNM - Sharpe Ratio Comparison

The current XCG.TO Sharpe Ratio is -0.33, which is lower than the URNM Sharpe Ratio of 0.46. 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.

Drawdowns

XCG.TO vs. URNM - Drawdown Comparison

The maximum XCG.TO drawdown since its inception was -52.63%, which is greater than URNM's maximum drawdown of -48.50%. Use the drawdown chart below to compare losses from any high point for XCG.TO and URNM.

Drawdown Indicators

	XCG.TO	URNM	Difference
Max Drawdown Largest peak-to-trough decline	-52.63%	-48.50%	-4.13%
Max Drawdown (1Y) Largest decline over 1 year	-21.45%	-37.09%	+15.64%
Max Drawdown (3Y) Largest decline over 3 years	-21.45%	-48.50%	+27.05%
Max Drawdown (5Y) Largest decline over 5 years	-21.62%	-48.50%	+26.88%
Max Drawdown (10Y) Largest decline over 10 years	-33.36%	—	—
Current Drawdown Current decline from peak	-17.16%	-32.42%	+15.26%
Average Drawdown Average peak-to-trough decline	-11.08%	-16.47%	+5.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.06%	16.23%	-6.17%

Volatility

XCG.TO vs. URNM - Volatility Comparison

The current volatility for iShares Canadian Growth Index ETF (XCG.TO) is 6.00%, while Sprott Uranium Miners ETF (URNM) has a volatility of 18.18%. 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.

Volatility by Period

	XCG.TO	URNM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	18.18%	-12.18%
Volatility (6M) Calculated over the trailing 6-month period	22.14%	41.48%	-19.34%
Volatility (1Y) Calculated over the trailing 1-year period	24.50%	52.23%	-27.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.25%	48.90%	-31.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.13%	47.29%	-28.16%

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 0.54%, less than URNM's 3.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
URNM Sprott Uranium Miners ETF	3.21%	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	0.54%	0.44%	0.60%	1.01%	1.59%	1.49%	1.73%	1.56%	1.65%	1.05%	0.99%	0.74%

Frequently Asked Questions

Can I hold both XCG.TO and URNM in my portfolio?

XCG.TO and URNM have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XCG.TO or URNM?

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.

Which ETF is cheaper, XCG.TO or URNM?

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

What is the main difference between XCG.TO and URNM?

XCG.TO is categorized as Canada Equities, while URNM is Uranium. XCG.TO tracks Morningstar Canada GR CAD, while URNM tracks VettaFi Global Uranium Miners Index. They also come from different issuers: iShares and Sprott. Their fees differ too: 0.55% for XCG.TO and 0.85% for URNM.