Compare/Updated Oct 26, 2026, refreshed every trading day
URA vs URNM
Global X - Uranium ETF against Sprott Uranium Miners ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
URA clearly outperformed URNM over the 1,000-trading-day period from October 28, 2022, to October 23, 2026. A $1,000 investment in URA grew to $1,890, versus $1,290 for URNM, producing total returns of 89.0% and 29.0%, respectively. URA also performed better over three years, gaining 53.4% versus URNM’s 3.6%, and has beaten URNM in 30 of the last 48 months. The funds remain highly correlated, at 0.951 overall and 0.960 over the last 12 months, so their uranium exposure has moved similarly. However, URNM carried slightly higher risk: 53.0% versus URA’s 51.1% volatility, and a deeper maximum drawdown of 50.8% versus 44.8%. URA’s lower 0.69% expense ratio and stronger performance make it the better historical result, though both remain highly volatile and recently weak.
- Price is below its 200-day average ($48); 50-day at $42.
- RSI 28, oversold. Supertrend says sell. ADX 33, so the trend is strong.
- Price is below its 200-day average ($59); 50-day at $51.
- RSI 32, neutral. Supertrend says sell. ADX 35, so the trend is strong.
Head to head
Which has returned more, URA or URNM?
URA beat URNM in 30 of the last 48 months; URNM won the other 18. The typical monthly gap was 2.02 points.
Total return by period
Which is riskier?
URA: Jan 28, 2026 to Oct 22, 2026; URNM: May 20, 2024 to Apr 8, 2025
- 0.951
- correlation of daily moves, 4 years
- 0.90
- URA move per 1% in URNM
- 0.960
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 2.02 points.
When did they diverge?
| Month | URA | URNM | Gap |
|---|---|---|---|
| May 2025 | +28.0% | +15.9% | +12.09 pts |
| August 2025 | +3.3% | +13.9% | -10.53 pts |
| September 2023 | +12.6% | +22.5% | -9.86 pts |
| October 2025 | +15.6% | +6.5% | +9.11 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
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