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ETFs

Sprott Funds Trust Sprott Junior Uranium Miners ETF

URNJ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 01 2023
Expense Ratio
0.80%
Type
Global Equities
Fund Owner
Sprott Asset Management
Volume (1m avg. daily)
$4,787,084
AUM
$86,302,590
Associated Index
Nasdaq Sprott Junior Uranium Miners Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

UEC
Uranium Energy Corp
14.15%
PDN
Paladin Energy Ltd
12.70%
NXE
NexGen Energy Ltd
12.07%
UUUU
Energy Fuels Inc
9.99%
BOE
Boss Energy Limited
4.93%
DYL
Deep Yellow Ltd.
4.70%
DNN
Denison Mines Corp
4.54%
EU
enCore Energy Corp
4.47%
URG
Ur-Energy Inc.
4.04%
FCU
Fission Uranium Corp
3.97%
Invest with URNJ

What is URNJ?

Sprott Junior Uranium Miners ETF (Nasdaq: URNJ) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Junior Uranium Miners Index (NSURNJ), which is designed to track the performance of mid-, small- and micro-cap companies in uranium-mining related businesses. The Index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from (i) mining, exploration, development, and production of uranium ("Uranium Mining Companies"); (ii) earning uranium royalties; and/or (iii) supplying uranium (together with Uranium Mining Companies, "Uranium Companies"). The Index generally consists of from 30 to 40 constituents. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of borrowings for investment purposes, in Uranium Mining Companies.

ETFs related toURNJ

ETFs correlated to URNJ include URNM, URA, NLR

URNJ
Sprott Funds Trust. - Sprott Junior Uranium Miners ETF
URNM
Sprott Funds Trust. - Sprott Uranium Miners ETF
URA
Global X Funds - Global X Uranium ETF
NLR
VanEck ETF Trust - VanEck Uranium Nuclear Energy ETF
REMX
VanEck ETF Trust - VanEck Rare Earth/Strategic Metals ETF
EWC
BlackRock Institutional Trust Company N.A. - iShares MSCI Canada ETF
BBCA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders Canada ETF
GWX
SSgA Active Trust - SPDR S&P International Small Cap ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
EWA
BlackRock Institutional Trust Company N.A. - iShares MSCI Australia ETF
RLY
SSgA Active Trust - SPDR SSgA Multi-Asset Real Return 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 toURNJ

#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 URNJ using Composer

FAQ

URNJ is a Global Equities ETF. Sprott Junior Uranium Miners ETF (Nasdaq: URNJ) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Junior Uranium Miners Index (NSURNJ), which is designed to track the performance of mid-, small- and micro-cap companies in uranium-mining related businesses. The Index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from (i) mining, exploration, development, and production of uranium ("Uranium Mining Companies"); (ii) earning uranium royalties; and/or (iii) supplying uranium (together with Uranium Mining Companies, "Uranium Companies"). The Index generally consists of from 30 to 40 constituents. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of borrowings for investment purposes, in Uranium Mining Companies.

URNJ tracks the Nasdaq Sprott Junior Uranium Miners Index.

No, URNJ 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, URNJ 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 URNJ is 0.3301%. This is the percent change in the value of URNJ over the most recent 1-month period. The 3-month return on URNJ is 0.4846%. This is the percent change in the value of URNJ over the most recent 3-month period.

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

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

ETFs that are inversely correlated to URNJ include EFZ, EDZ, and SDS.

Disclaimers

*

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.