XCG.TO vs. URNM

Last updated Apr 4, 2026

Compare and contrast key facts about iShares Canadian Growth Index ETF (XCG.TO) and NorthShore Global Uranium Mining ETF (URNM).

XCG.TO and URNM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XCG.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Nov 6, 2006. URNM is a passively managed fund by Exchange Traded Concepts that tracks the performance of the North Shore Global Uranium Mining Index. It was launched on Dec 3, 2019. Both XCG.TO and URNM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

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.

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 0.73% return, which is significantly lower than URNM's 17.23% return.

XCG.TO

• 1D: 0.30%
• 1M: -4.77%
• YTD: 0.73%
• 6M: -5.38%
• 1Y: 12.91%
• 3Y*: 13.31%
• 5Y*: 8.70%
• 10Y*: 9.88%

URNM

• 1D: -0.36%
• 1M: -8.81%
• YTD: 17.23%
• 6M: 9.65%
• 1Y: 105.27%
• 3Y*: 32.24%
• 5Y*: 22.86%
• 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	0.73%	9.37%	21.40%	17.43%	-11.67%	15.98%	11.25%	0.42%
URNM NorthShore Global Uranium Mining ETF	17.17%	34.32%	-6.75%	54.33%	-5.58%	76.71%	65.52%	1.93%

Correlation

The correlation between XCG.TO and URNM is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners. Combining low-correlation assets is one of the most reliable ways to reduce portfolio risk without sacrificing expected returns.

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.

URNM

NorthShore Global Uranium Mining ETF

XCG.TO

iShares Canadian Growth Index ETF

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: 21
XCG.TO Sharpe Ratio Rank: 21
XCG.TO Sortino Ratio Rank: 20
XCG.TO Omega Ratio Rank: 21
XCG.TO Calmar Ratio Rank: 21
XCG.TO Martin Ratio Rank: 22

URNM

URNM Risk / Return Rank: 82
URNM Sharpe Ratio Rank: 89
URNM Sortino Ratio Rank: 89
URNM Omega Ratio Rank: 78
URNM Calmar Ratio Rank: 87
URNM Martin Ratio Rank: 70

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.TO	URNM	Difference
Sharpe ratio Return per unit of total volatility	0.38	1.94	-1.56
Sortino ratio Return per unit of downside risk	0.64	2.54	-1.90
Omega ratio Gain probability vs. loss probability	1.09	1.31	-0.22
Calmar ratio Return relative to maximum drawdown	0.62	3.22	-2.60
Martin ratio Return relative to average drawdown	2.16	8.60	-6.44
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 0.38, which is lower than the URNM Sharpe Ratio of 1.94. 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.

Sharpe Ratios by Period

	XCG.TO	URNM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.38	1.94	-1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.50	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.77	-0.41

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.

Drawdown Indicators

	XCG.TO	URNM	Difference
Max Drawdown Largest peak-to-trough decline	-52.64%	-50.78%	-1.86%
Max Drawdown (1Y) Largest decline over 1 year	-15.27%	-30.79%	+15.52%
Max Drawdown (5Y) Largest decline over 5 years	-21.61%	-50.78%	+29.17%
Max Drawdown (10Y) Largest decline over 10 years	-32.14%	—	—
Current Drawdown Current decline from peak	-8.39%	-24.50%	+16.11%
Average Drawdown Average peak-to-trough decline	-10.89%	-17.89%	+7.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.39%	11.29%	-6.90%

Volatility

XCG.TO vs. URNM - Volatility Comparison

The current volatility for iShares Canadian Growth Index ETF (XCG.TO) is 8.37%, while NorthShore Global Uranium Mining ETF (URNM) has a volatility of 16.84%. 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	8.37%	16.84%	-8.47%
Volatility (6M) Calculated over the trailing 6-month period	17.48%	39.71%	-22.23%
Volatility (1Y) Calculated over the trailing 1-year period	21.59%	50.22%	-28.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.59%	45.58%	-29.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.36%	44.35%	-27.99%

Dividends

XCG.TO vs. URNM - Dividend Comparison

XCG.TO's dividend yield for the trailing twelve months is around 0.50%, less than URNM's 2.75% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XCG.TO iShares Canadian Growth Index ETF	0.50%	0.45%	0.60%	1.33%	1.59%	1.46%	1.69%	1.53%	1.65%	1.03%	0.97%	0.72%
URNM NorthShore Global Uranium Mining ETF	2.75%	3.18%	3.18%	3.63%	0.00%	6.70%	2.57%	0.00%	0.00%	0.00%	0.00%	0.00%