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ETFs

Sprott Uranium Miners ETF

URNM
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Dec 03 2019
Expense Ratio
0.85%
Type
Global Equities
Fund Owner
Sprott Asset Management
Volume (1m avg. daily)
$26,744,265
AUM
$1,280,957,924
Associated Index
North Shore Global Uranium Mining Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

RNCH
Ranchero Gold Corp
15.86%
KAP
NAC Kazatomprom JSC
14.27%
U-U
Sprott Physical Uranium Trust
12.82%
NXE
NexGen Energy Ltd
5.13%
DNN
Denison Mines Corp
4.91%
UEC
Uranium Energy Corp
4.90%
PDN
Paladin Energy Ltd
4.72%
UUUU
Energy Fuels Inc
4.70%
BOE
Boss Energy Limited
4.63%
YCA
Yellow Cake Plc
4.13%
Invest with URNM

What is URNM?

Sprott Uranium Miners Fund (NYSE Arca: URNM) seeks to invest at least 80% of its total assets in securities of the North Shore Global Uranium Mining Index (URNMX). The Index is designed to track the performance of companies that devote at least 50% of their assets to the uranium mining industry, which may include mining, exploration, development, and production of uranium, or holding physical uranium, owning uranium royalties, or engaging in other, non-mining activities that support the uranium mining industry. The URNMX Index is rebalanced semi-annually.

ETFs related toURNM

ETFs correlated to URNM include URA, URNJ, NLR

URNM
Sprott Funds Trust. - Sprott Uranium Miners ETF
URA
Global X Funds - Global X Uranium ETF
URNJ
Sprott Funds Trust. - Sprott Junior Uranium Miners ETF
NLR
VanEck ETF Trust - VanEck Uranium Nuclear Energy ETF
GUNR
FlexShares Trust - FlexShares Global Upstream Natural Resources Index Fund
INFL
Listed Funds Trust - Horizon Kinetics Inflation Beneficiaries ETF
XME
SPDR Series Trust - SPDR Metals & Mining ETF
GNR
SSgA Active Trust - SPDR S&P Global Natural Resources ETF
RLY
SSgA Active Trust - SPDR SSgA Multi-Asset Real Return ETF
GWX
SSgA Active Trust - SPDR S&P International Small Cap ETF
EWC
BlackRock Institutional Trust Company N.A. - iShares MSCI Canada ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toURNM

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with URNM using Composer

FAQ

URNM is a Global Equities ETF. Sprott Uranium Miners Fund (NYSE Arca: URNM) seeks to invest at least 80% of its total assets in securities of the North Shore Global Uranium Mining Index (URNMX). The Index is designed to track the performance of companies that devote at least 50% of their assets to the uranium mining industry, which may include mining, exploration, development, and production of uranium, or holding physical uranium, owning uranium royalties, or engaging in other, non-mining activities that support the uranium mining industry. The URNMX Index is rebalanced semi-annually.

URNM tracks the North Shore Global Uranium Mining Index.

No, URNM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, URNM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on URNM is 0.3015%. This is the percent change in the value of URNM over the most recent 1-month period. The 3-month return on URNM is 0.463%. This is the percent change in the value of URNM over the most recent 3-month period.

The standard deviation of URNM for the past year is 0.371%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to URNM include IXN, IXJ, and SMH.

ETFs correlated to URNM include URA, URNJ, and NLR.

ETFs that are inversely correlated to URNM include SDS, SPXU, and SH.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.