CleaRank Financial AI • AI-powered analysis using real-time market data from TwelveData
Analysis reviewed by Ryan Brothwell, Financial Journalist. Data refreshed daily. Not financial advice.
The Sprott Uranium Miners ETF (URNM) is currently experiencing a significant price decline, trading at $42.42, which is below its 20-day EMA of $47.98, its 50-day SMA of $52.56, and its 200-day SMA of $60.04. This ETF, managed by Sprott, focuses on companies involved in the uranium industry and physical uranium linked to nuclear power, aiming to track the VettaFi Global Uranium Mining Index. With net assets of $1.84 billion and an expense ratio of 0.75%, URNM holds approximately 84.59% in stocks, primarily within the Energy sector (98.56%). The fund's recent performance reflects the challenging market conditions for uranium miners, with a year-to-date return of -13.32%.
URNM at a glance
Sprott Uranium Miners ETF (URNM): Sell, 25/100 on CleaRank's AI score.
TrendDown: the price is below both its 50- and 200-day moving averages ($52.56 and $60.04).
FundExpense ratio 0.75%, $1.8B in net assets, -18.4% total return over 1 year.
As of October 15, 2026, Sprott Uranium Miners ETF (URNM) trades at $42.42. The 14-day RSI (daily closes) is 29, in oversold territory, and the price is below its 50-day simple moving average of $52.56.
Figures as of October 15, 2026.
Only on CleaRank
Figures we compute ourselves from URNM's own price history. Tap one to see it in context.
Sprott Uranium Miners ETF is an exchange-traded fund that provides targeted exposure to companies involved in the uranium industry and to physical uranium linked to nuclear power. Sprott Uranium Miners ETF seeks to track the VettaFi Global Uranium Mining Index, and it typically invests at least 80% of its total assets in the index’s securities.
Issuer
Sprott
Category
Natural Resources
Inception
Dec 3, 2019
Expense ratio
0.75%
Net assets
$1.84B
Distribution yield
3.66%
YTD return
-13.32%
Turnover
35.00%
Sector weights
Energy98.6%
Basic Materials1.4%
Trailing total returns
Period
URNM
YTD
-13.32%
1 month
-16.37%
3 months
-9.16%
1 year
-18.40%
3 years
3.41%
5 years
7.99%
As of Oct 15, 2026, URNM has an expense ratio of 0.75%, $1.84B in net assets and a distribution yield of 3.66%.
Fund reference data as of Oct 15, 2026. Expense ratio and net assets are reported by the fund; returns are total returns and can differ from price change.
URNM Analysis
AI Analyst Consensus ScoreSell
At $42.42, the Sprott Uranium Miners ETF (URNM) is currently exhibiting oversold conditions with its 14-day RSI at 28.7. The ETF is trading below its key moving averages: the 20-day EMA at $47.98, the 50-day SMA at $52.56, and the 200-day SMA at $60.04. The MACD is at -2.27, further indicating bearish momentum. The Stochastic indicator is also low at 2.54, reinforcing the oversold signal. The Current price is below the 20-day EMA, the 50-day SMA, and the 200-day SMA, suggesting a strong downtrend.
ProTips
Evaluate the expense ratio of 0.75% against potential returns and alternative investments.
Market Outlook
The outlook for the Sprott Uranium Miners ETF (URNM) is currently bearish, driven by its weak technical positioning and sector-specific risks. The ETF is trading significantly below its key moving averages, with an oversold RSI suggesting potential for a short-term bounce, but the overall trend remains negative. The long-term thesis for uranium is often tied to nuclear energy demand and supply dynamics, which can be volatile. Investors should monitor uranium prices and any shifts in nuclear energy policy closely.
Market Correlations
How this etf moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
S&P 500 (SPY)+0.45
Moderate correlation
Nasdaq 100 (QQQ)+0.48
Moderate correlation
Bitcoin (BTC)+0.41
Moderate correlation
Gold (XAU)+0.48
Moderate correlation
As of October 15, 2026, URNM's 1-year correlation of daily returns is +0.45 with S&P 500 (SPY), +0.48 with Nasdaq 100 (QQQ), +0.41 with Bitcoin (BTC) and +0.48 with gold (XAU).
Check Custom Correlation
How does any other asset move with URNM? One year of daily closes, Pearson correlation.
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Key Statistics
Net Assets
1.84B
Expense Ratio
0.7500%
Yield
3.66%
Day High
$43.95
Day Low
$42.19
52 Week High
84.95
52 Week Low
42.19
The Sprott Uranium Miners ETF (URNM) is heavily concentrated in the Energy sector, with 98.56% of its assets allocated to uranium miners and related companies. This high concentration, while offering targeted exposure to the uranium value chain, also presents significant sector-specific risk. The fund's strategy, as outlined in its overview, is to provide investors with access to companies engaged in mining, exploration, development, and production of uranium, as well as those holding uranium royalties or providing supporting activities. The fund's asset allocation is predominantly in stocks (84.59%), with other assets making up the remainder. The VettaFi Global Uranium Mining Index serves as its benchmark.
Fund Performance Analysis
The performance of its underlying holdings is critical. The sector's earnings trends are directly tied to uranium prices and demand from nuclear power generation. Companies within the URNM portfolio are expected to see their financial performance fluctuate with the commodity cycle. Given the current oversold technicals, it suggests that the market may be anticipating weaker near-term earnings or outlooks for these uranium-related companies.
Key Risks
The primary risk for the Sprott Uranium Miners ETF (URNM) is its extreme sector concentration, with nearly all assets in Energy and specifically uranium-related companies. This makes the fund highly susceptible to fluctuations in uranium prices and demand for nuclear energy. Additionally, regulatory changes affecting nuclear power or mining operations globally could significantly impact the ETF's performance. The current bearish technical trend, with the price below key moving averages and an oversold RSI, highlights immediate downside risk.
Technical Indicators i
RSI (14-day)
28.70
MACD (12, 26)
-2.27
SMA (50-day)
52.56
SMA (200-day)
60.04
Technical RatingBearish
RSI
Oversold
SMA Cross
Bearish
Price vs SMA
Bearish
MACD
Bearish
Moving averages show a lagging Death Cross (50-day: $52.56, 200-day: $60.04), price is trading below the 50-day SMA, RSI at 28.7 suggests oversold conditions; potential bounce setup.
As of October 15, 2026, with URNM at $42.42, its 14-day RSI is 28.7 (oversold territory), its 50-day simple moving average is $52.56 and its 200-day is $60.04.
Calculated by CleaRank on daily closes as of October 15, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).
URNM Trade Plans
Specific entry, exit, and risk management levels
Select Your Trade Bias
Risk Tolerance
Conservative2%Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →
Short entry pick an entry style
Conservative
$43.27
2% above current price
Lower risk, wait for rally
Aggressive
$42.42
Short at current price
Higher risk, chasing the move
Risk Management
STOP LOSS
$46.60
MAX LOSS
-7.7%
Volatility-Adjusted Stop Loss
Calculated based on RSI (28.7) and current market volatility
These levels come from URNM's moving averages and recent volatility, not from a forecast. Educational levels, not financial advice; the full disclaimer is at the foot of the page.
Growth of $10,000
A $10,000 investment in URNM in December 2019 would be worth about $33,632 today, compared with about $24,709 for the same investment in the S&P 500 benchmark. This is price change only; dividends paid along the way would add to it.
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URNM Drawdowns & Recovery
Worst fall, last 7 years
-49.3%
May 2024 to April 2025
Recovery
6 months
back at the old peak by September 2025
From the 7-year high
-49.5%
highest close, January 2026
1-year holds that gained
71%
of every 1-year window
As of October 15, 2026, URNM's worst peak-to-trough fall over the last 7 years was -49.3% (May 2024 to April 2025); it regained that peak by September 2025, 6 months after the low, and 71% of 1-year holding periods ended with a gain.
From weekly closing values. A drawdown is the fall from the highest value reached so far to a later low.
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in URNM today could grow to about $26,254 by 2036 in the base case, with a 90th-percentile outcome near $175,168 and a 10th-percentile outcome around $3,935. The simulation models price only; at today's 3.66% yield, dividends would add to these figures. Projections are statistical simulations, not guarantees.
URNM 2030 Scenarios (Monte Carlo)
CleaRank's simulation projects a price near $62.41 for URNM by 2030 in the base case, from $42.42 today (1.5x over 4 years). The 10th-percentile path ends near $18.79. These are outcomes of a Monte Carlo simulation run on URNM's historical return distribution, not price targets, and they assume no dividends are reinvested.
URNM simulated price paths by year
Year
10th percentile
Base case
90th percentile
2027
$25.64
$46.72
$85.14
2028
$22.02
$51.45
$120
2029
$20.04
$56.67
$160
2030
$18.79
$62.41
$207
2031
$17.96
$68.73
$263
Method: a lognormal simulation of URNM's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles.
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Frequently Asked Questions
What is the Sprott Uranium Miners ETF (URNM) and what does it invest in?
The Sprott Uranium Miners ETF (URNM) is an exchange-traded fund that offers targeted exposure to companies involved in the uranium industry and physical uranium linked to nuclear power. It typically invests at least 80% of its assets in securities from the VettaFi Global Uranium Mining Index, including miners, explorers, and companies providing supporting activities.
What is the expense ratio for the Sprott Uranium Miners ETF (URNM)?
The expense ratio for the Sprott Uranium Miners ETF (URNM) is 0.75%, which equates to a cost of $75.00 per $10,000 invested annually.
What sectors does the Sprott Uranium Miners ETF (URNM) concentrate its holdings in?
The Sprott Uranium Miners ETF (URNM) is highly concentrated in the Energy sector, accounting for 98.56% of its holdings. A small portion, 1.44%, is allocated to Basic Materials.
What is the current technical outlook for the Sprott Uranium Miners ETF (URNM)?
The Sprott Uranium Miners ETF (URNM) is currently in a strong downtrend, trading below its 20-day EMA, 50-day SMA, and 200-day SMA. Its 14-day RSI is at 28.7, indicating oversold conditions, and the MACD suggests bearish momentum.
Does URNM pay a distribution?
Yes. As of October 15, 2026, URNM's distribution yield is 3.66% at the current price of $42.42. Yields move with the share price and with changes to the payout.
What is URNM's biggest drop in the last 7 years?
Sprott Uranium Miners ETF (URNM)'s worst peak-to-trough fall over the last 7 years was -49.3%, from May 2024 to April 2025. It regained that peak by September 2025, 6 months after the low. Over the same period, 71% of 1-year holding periods ended with a gain.
What are URNM's best and worst months?
Over the last 7 years, August has been URNM's strongest month on average (+8.38%, rising in 5 of 7 years) and June its weakest (-3.25%, rising in 2 of 7 years). Seasonal averages describe the past and do not predict a given year.
How closely does URNM move with the stock market?
Over the past year URNM's daily returns were moderately correlated with the S&P 500 (SPY) (+0.45). Nasdaq 100 (QQQ): +0.48; Bitcoin (BTC): +0.41; Gold (XAU): +0.48. A figure near +1 means the two usually move together; near 0 means little relationship.
What would $10,000 invested in URNM be worth today?
$10,000 put into URNM in December 2019 would be worth about $33,632 today, against about $24,709 for the same amount in the S&P 500. That is price change only; distributions would add to it.
What does CleaRank's simulation show for URNM in 2030?
CleaRank's Monte Carlo simulation, built from URNM's own historical volatility, puts the 2030 base case near $62.41, with 10th and 90th percentile outcomes of $18.79 and $207.28. It is a range of simulated outcomes, not a price target.
