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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)
$1,002,172
AUM
$24,584,320
Associated Index
Nasdaq Sprott Junior Uranium Miners Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NXE
NexGen Energy Ltd
12.91%
UUUU
Energy Fuels Inc
11.47%
PDN
Paladin Energy Ltd
10.69%
UEC
Uranium Energy Corp
10.57%
BOE
Boss Energy Limited
6.44%
DNN
Denison Mines Corp
5.34%
GLO
GLOBAL ATOMIC CORP
4.26%
DYL
Deep Yellow Ltd.
4.11%
FCU
FISSION URANIUM CORP
3.74%
1164
CGN Mining Company Limited
3.70%
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, RAAX

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
RAAX
VanEck ETF Trust - VanEck Inflation Allocation ETF
RLY
SSgA Active Trust - SPDR SSgA Multi-Asset Real Return ETF
EWC
BlackRock Institutional Trust Company N.A. - iShares MSCI Canada ETF
FXC
Rydex Investments - Invesco CurrencyShares Canadian Dollar Trust
REMX
VanEck ETF Trust - VanEck Rare Earth/Strategic Metals ETF
XME
SPDR Series Trust - SPDR Metals & Mining ETF
INFL
Listed Funds Trust - Horizon Kinetics Inflation Beneficiaries ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund 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

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

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 0.1548%. This is the percent change in the value of URNJ over the most recent 1-month period. The 3-month return on URNJ is -0.0681%. This is the percent change in the value of URNJ over the most recent 3-month period.

ETFs similar to URNJ include KWEB, GDX, and IXJ.

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

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

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.