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Sprott Uranium Miners ETF (URNM)



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Upturn Advisory Summary
09/15/2025: URNM (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 77.13% | Avg. Invested days 43 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 0.94 | 52 Weeks Range 27.60 - 52.01 | Updated Date 06/30/2025 |
52 Weeks Range 27.60 - 52.01 | Updated Date 06/30/2025 |
Upturn AI SWOT
Sprott Uranium Miners ETF
ETF Overview
Overview
The Sprott Uranium Miners ETF (URNM) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the North Shore Global Uranium Mining Index. It focuses on companies involved in the uranium mining industry, including exploration, mining, and enrichment.
Reputation and Reliability
Sprott is a well-regarded asset manager specializing in precious metals and real asset investments. They are known for their expertise and focus on specific sectors.
Management Expertise
Sprott has a dedicated team with expertise in natural resource investments, including uranium mining.
Investment Objective
Goal
To track the performance of companies involved in the uranium mining industry.
Investment Approach and Strategy
Strategy: URNM aims to replicate the North Shore Global Uranium Mining Index, a benchmark representing the global uranium mining industry.
Composition The ETF primarily holds stocks of companies engaged in uranium mining, exploration, and production.
Market Position
Market Share: URNM holds a significant portion of the market share among uranium mining ETFs.
Total Net Assets (AUM): 1600000000
Competitors
Key Competitors
- Global X Uranium ETF (URA)
- VanEck Uranium+Nuclear Energy ETF (NLR)
Competitive Landscape
The uranium mining ETF market is relatively concentrated, with URNM and URA holding the largest market shares. URNMu2019s competitive advantage lies in its focused exposure to uranium miners, while its disadvantage is potential over-concentration. URA provides broader exposure including nuclear energy related companies.
Financial Performance
Historical Performance: Historical performance data needs to be obtained from financial data providers, but it has generally tracked the price movements of uranium and the performance of uranium mining companies.
Benchmark Comparison: URNM's performance is typically compared to the North Shore Global Uranium Mining Index. Performance may vary due to expense ratio and tracking error.
Expense Ratio: 0.85
Liquidity
Average Trading Volume
URNM exhibits moderate to high liquidity, as measured by its average daily trading volume.
Bid-Ask Spread
The bid-ask spread is generally tight, indicating ease of trading.
Market Dynamics
Market Environment Factors
The ETF's performance is influenced by uranium prices, global energy demand, nuclear power policies, and supply-side constraints in the uranium market.
Growth Trajectory
The ETF's growth trajectory depends on factors like increasing nuclear power adoption, geopolitical developments affecting uranium supply, and investor sentiment towards the uranium sector.
Moat and Competitive Advantages
Competitive Edge
URNM benefits from Sprott's expertise in natural resource investing and its strong brand recognition in the sector. Its focused exposure to uranium miners provides a purer play on the uranium market. However, this concentrated focus also increases risk relative to more diversified ETFs. Sprott's marketing efforts and strong relationships within the uranium industry contribute to its competitive edge. This allows URNM to stand out in the market.
Risk Analysis
Volatility
URNM exhibits high volatility due to the inherent price swings in the uranium market and the concentrated nature of its holdings.
Market Risk
Market risk is significant due to the cyclical nature of the commodity market and the sensitivity of uranium mining companies to changes in uranium prices.
Investor Profile
Ideal Investor Profile
The ideal investor is someone with a high-risk tolerance who believes in the long-term prospects of nuclear energy and the uranium market.
Market Risk
URNM is more suitable for long-term investors seeking exposure to the uranium sector rather than active traders due to the volatile nature of uranium prices.
Summary
Sprott Uranium Miners ETF (URNM) offers targeted exposure to the uranium mining industry, making it a focused play on the nuclear energy sector. The fund's performance is closely tied to uranium prices, leading to significant volatility. Investors should have a high risk tolerance and a belief in the long-term growth of nuclear power. Sprott's expertise provides a competitive advantage, but the fund's concentration increases risk. URNM is suitable for long-term investors seeking uranium exposure.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Sprott
- ETF.com
- Bloomberg
- Financial Times
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investing in ETFs involves risk, including the potential loss of principal.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Sprott Uranium Miners ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund will normally invest at least 80% of its total assets in securities of the index. The index is designed to track the performance of companies that devote at least 50% of their assets to (i) mining, exploration, development, and production of uranium; and/or (ii) holding physical uranium, owning uranium royalties, or engaging in other, non-mining activities that support the uranium mining industry. It is non-diversified.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.