Sprott Uranium Miners ETF (URNM) Performance
URNM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −23.9% since Dec 31, 2025
- 1 year
- −24.7% total return
- 5 years
- +0.8% a year
- Since first price
- +22.2% a year since 2019
URNM trailing returns vs SPY, QQQ, AGG
| Period | URNM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −17.4% | −17.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −18.1% | −18.1% | +3.2% | +1.9% | −0.4% |
| 6 months | −39.5% | −39.5% | +7.8% | +8.4% | −1.5% |
| YTD | −23.9% | −23.9% | +12.3% | +15.1% | −1.0% |
| 1 year | −24.7% | −27.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +4.7%+1.6%/yr | −5.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +4.1%+0.8%/yr | −11.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionDec 4, 2019 | +298.6%+22.2%/yr | +231.3% | — | — | — |
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: URNM vs SPY
From Dec 4, 2019: URNM grew to $39,858, SPY to $26,967.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
URNM returns by calendar year
4 of 6 full years positive. Best 2021 (+78.3%), worst 2024 (−14.1%). 2026 is year to date.
URNM annual returns table
| Year | URNM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −23.9% | −50.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +40.8% | −37.3% | +17.7% | +20.8% | +7.2% |
| 2024 | −14.1% | −36.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +57.8% | −23.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −11.9% | −41.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +78.3% | −28.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +68.4% | −38.4% | +18.3% | +48.6% | +7.5% |
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.
URNM largest drawdowns
Now 50.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 20, 2024 | −50.8% | Apr 8, 2025 | Sep 15, 2025 | 11 months | 1.3 years |
| Jan 28, 2026 | −50.5% | Oct 22, 2026 | not yet | 9 months | 9 months so far |
| Nov 9, 2021 | −42.5% | Jul 6, 2022 | Sep 25, 2023 | 8 months | 1.9 years |
| Jan 6, 2020 | −38.4% | Mar 23, 2020 | Apr 20, 2020 | 3 months | 3 months |
| Jun 7, 2021 | −28.2% | Aug 19, 2021 | Sep 2, 2021 | 2 months | 3 months |
| Oct 14, 2025 | −23.4% | Nov 21, 2025 | Jan 12, 2026 | 38 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
URNM risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +3.5% | +7.7% | +24.4% |
| Volatility (annualized) | 42.2% | 41.2% | 46.4% |
| Sharpe ratio | 0.18 | 0.29 | 0.63 |
| Sortino ratio | 0.29 | 0.48 | 1.25 |
| Best month | +35.5% | +35.5% | +47.9% |
| Worst month | −16.5% | −16.5% | −16.5% |
| Best 12 months | +114.0% | +114.0% | +230.9% |
| Worst 12 months | −32.3% | −32.3% | −32.3% |
| Positive months | 56% | 53% | 54% |
| Beta vs S&P 500 | 1.29 | 1.09 | — |
| Correlation with S&P 500 | 0.38 | 0.41 | — |
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.
URNM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 71 | −32.9% | +31.7% | +230.9% | 72% |
| 3-year (a year) | 47 | −5.9% | +24.0% | +54.8% | 94% |
| 5-year (a year) | 23 | +2.2% | +26.9% | +40.7% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
URNM performance overview
Sprott Uranium Miners ETF (URNM) returned −24.7% over the past year and +0.8% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +22.2% a year, turning $10,000 into about $39,858. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −50.8%, from May 20, 2024 to Apr 8, 2025, and it took 5 months to get back to the old high. URNM finished 4 of its 6 full calendar years with a gain; the best year was 2021 (+78.3%) and the worst 2024 (−14.1%). Volatility has been 46.4% a year.
Related: URNM chart, URNM holdings, URNM dividends. See the URNM overview for the latest quote and fund facts.
URNM performance FAQ
What is the URNM return over the past year?
URNM returned −24.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 27.2%.
What is the average annual return of URNM?
URNM has returned +0.8% a year over 5 years, +22.2% a year since December 4, 2019 (total return, distributions reinvested).
How much would $10,000 invested in URNM be worth?
$10,000 invested in URNM at its first recorded close on December 4, 2019 would be worth about $39,858 on October 23, 2026 with distributions reinvested.
What was the worst year for URNM?
The worst calendar year was 2024, with a total return of −14.1%. The best was 2021 at +78.3%.
What is the biggest drawdown of URNM?
The largest peak-to-trough decline was −50.8% between May 20, 2024 and April 8, 2025. It recovered to the old high on September 15, 2025, 5 months after the bottom.
How volatile is URNM?
Over the past 3 years URNM had an annualized volatility of 42.2% and a Sharpe ratio of 0.18 (excess return over 1–3 month T-bills per unit of risk).