Themes Uranium & Nuclear ETF (URAN) Performance
URAN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −25.2% since Dec 31, 2025
- 1 year
- −31.8% total return
- Since first price
- +16.0% since 2024
URAN trailing returns vs SPY, QQQ, AGG
| Period | URAN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −15.4% | −15.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −18.4% | −18.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −35.2% | −35.2% | +7.8% | +8.4% | −1.5% |
| YTD | −25.2% | −25.2% | +12.3% | +15.1% | −1.0% |
| 1 year | −31.8% | −33.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionSep 24, 2024 | +16.0% | +12.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: URAN vs SPY
From Sep 24, 2024: URAN grew to $11,604, SPY to $13,609.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
URAN returns by calendar year
1 of 1 full years positive. Best 2025 (+49.0%), worst 2025 (+49.0%). 2026 is year to date.
URAN annual returns table
| Year | URAN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −25.2% | −43.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +49.0% | −29.8% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
URAN largest drawdowns
Now 43.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 28, 2026 | −43.2% | Oct 23, 2026 | not yet | 9 months | 9 months so far |
| Nov 22, 2024 | −32.0% | Apr 8, 2025 | May 27, 2025 | 5 months | 6 months |
| Oct 15, 2025 | −23.8% | Nov 21, 2025 | Jan 28, 2026 | 37 days | 3 months |
| Jul 24, 2025 | −10.5% | Aug 20, 2025 | Sep 15, 2025 | 27 days | 53 days |
| Oct 18, 2024 | −10.3% | Nov 4, 2024 | Nov 21, 2024 | 17 days | 34 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
URAN risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +13.4% |
| Volatility (annualized) | 40.0% |
| Sharpe ratio | 0.41 |
| Sortino ratio | 0.66 |
| Best month | +22.5% |
| Worst month | −16.1% |
| Best 12 months | +80.0% |
| Worst 12 months | −22.2% |
| Positive months | 54% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
URAN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 14 | −37.8% | +40.4% | +80.0% | 79% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
URAN performance overview
Themes Uranium & Nuclear ETF (URAN) returned −31.8% over the past year, with distributions reinvested. Since its first recorded price on Sep 24, 2024 it has returned +16.0%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −43.2%, from Jan 28, 2026 to Oct 23, 2026; the fund has not yet regained that high. Volatility has been 40.0% a year.
Related: URAN chart, URAN holdings, URAN dividends. See the URAN overview for the latest quote and fund facts.
URAN performance FAQ
What is the URAN return over the past year?
URAN returned −31.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 33.6%.
How much would $10,000 invested in URAN be worth?
$10,000 invested in URAN at its first recorded close on September 24, 2024 would be worth about $11,604 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of URAN?
The largest peak-to-trough decline was −43.2% between January 28, 2026 and October 23, 2026. It has not yet recovered to that high; it is 43.2% below its peak.
How volatile is URAN?
Over the past history URAN had an annualized volatility of 40.0% and a Sharpe ratio of 0.41 (excess return over 1–3 month T-bills per unit of risk).