Do URAN and URNM hold the same stocks?

By their latest filings, 40% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, URAN or URNM?

URAN has 25% of its weight in S&P 500 names and URNM has 0%, so URNM differs more from the index.

Which is cheaper, URAN or URNM?

URAN charges 0.35% a year and URNM charges 0.75%, so URAN is cheaper. Fees come from each fund's prospectus.

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URAN vs URNM: which is really different?

URAN and URNM hold 40% of their weight in the same names, and URNM returned −18.9% over the year. Themes Uranium & Nuclear ETF and SPROTT URANIUM MINERS ETF.

24.7%

URAN in the S&P 500

0.0%

URNM in the S&P 500

−22.3%

URAN total return, 1 year

−18.9%

URNM total return, 1 year

URAN · 1 year to Sep 30, 202675% of its weight is outside the S&P 500

25% of URAN's weight is in S&P 500 companies and 75% is outside the index

URNM · 1 year to Sep 30, 2026100% of its weight is outside the S&P 500

0% of URNM's weight is in S&P 500 companies and 100% is outside the index

ETFIQ Off-Index Score · URNM scores higherHow much of it is not the index it is sold as an alternative to?

URAN 69.7

URNM 92

0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, URAN and URNM hold 40% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026.

50%

half

40% in common

Positions both hold, largest shared weight first

Holding URAN URNM

NexGen Energy Ltd 3.23% 12.00%

Cameco Corp 3.19% 18.16%

Denison Mines Corp 3.17% 5.13%

Uranium Energy Corp 2.95% 4.50%

Yellow Cake PLC 2.88% 3.99%

Paladin Energy Ltd 2.65% 4.40%

Deep Yellow Ltd 2.59% 4.63%

Ur-Energy Inc 2.43% 3.04%

Energy Fuels Inc/Canada 2.40% 5.16%

Bannerman Energy Ltd 2.40% 2.52%

CGN Mining Co Ltd 2.40% 4.27%

IsoEnergy Ltd 2.77% 2.35%

Only in URAN

Constellation Energy Corp 9.88%

American Electric Power Co Inc 4.20%

Duke Energy Corp 4.04%

Public Service Enterprise Grou 3.81%

Oklo Inc 3.45%

CNNP 3.20%

NuScale Power Corp 3.07%

CGN Power Co Ltd 2.78%

Only in URNM

Sprott Physical Uranium Trust 13.99%

Global Atomic Corp 1.26%

Eagle Nuclear Energy Corp 0.93%

Peninsula Energy Ltd 0.68%

Canalaska Uranium Ltd 0.14%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

40% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	URAN	URNM	URAN	URNM	URAN	URNM
3 months	−8.6%	−9.4%	−11.1 pts	−11.9 pts	−10.7 pts	−11.5 pts
6 months	−21.3%	−25.7%	−38.3 pts	−42.7 pts	−48.2 pts	−52.6 pts
1 year	−22.3%	−18.9%	−38.0 pts	−34.6 pts	−46.0 pts	−42.7 pts
3 years	not published	+10.8%	not published	−74.2 pts	not published	−99.2 pts
Since launch URAN Sep 2024 · URNM Dec 2019	+30.1%	+352.5%	−6.4 pts	+181.7 pts	−23.8 pts	+71.1 pts

URAN and URNM over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

URAN

Themes Uranium & Nuclear ETF · Holds 42 stocks in nuclear and uranium, 25% of its weight in S&P 500 companies

URNM

SPROTT URANIUM MINERS ETF · Holds 26 stocks in nuclear and uranium, 0% of its weight in S&P 500 companies

Issuer Themes Sprott

Theme Nuclear and uranium Nuclear and uranium

In the S&P 500 24.7% 0.0%

Active share vs the S&P 500 99.5% 100.0%

In the Nasdaq-100 14.1% 0.0%

Holdings 42 26

Top ten, share of the fund 41.2% 77.4%

Expense ratio 0.35% 0.75%

Fee for the differing part 0.35% 0.75%

Total return, 1 year −22.3% −18.9%

vs the S&P 500 −38.0 pts −34.6 pts

vs the Nasdaq-100 −46.0 pts −42.7 pts

Below its high −36.3% −43.5%

Net assets $25m $1.8bn

URAN and URNM on the same fields, as of Sep 30, 2026. Source: ETFIQ.

URAN in plain words

By weight, 25% of URAN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 41% of the fund across 42 positions, as filed for Jun 30, 2026. Over the year to Sep 30, 2026 the fund returned −22.3% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 38.0 pts. It sits 36.3% below its all-time high of Jan 28, 2026.

URNM in plain words

By weight, 0% of URNM's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 77% of the fund across 26 positions, as filed for Jun 30, 2026. Over the year to Sep 30, 2026 the fund returned −18.9% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 34.6 pts. It sits 43.5% below its all-time high of Jan 28, 2026.

Questions people ask

Do URAN and URNM hold the same stocks?: By their latest filings, 40% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, URAN or URNM?: URAN has 25% of its weight in S&P 500 names and URNM has 0%, so URNM differs more from the index.
Which is cheaper, URAN or URNM?: URAN charges 0.35% a year and URNM charges 0.75%, so URAN is cheaper. Fees come from each fund's prospectus.

Other comparisons

URAN vs URNJ URAN vs SMRF URAN vs URA URAN vs UX URNM vs NUKZ URNM vs UX URNM vs NLR URNM vs RCTR

URAN on its own →URNM on its own →How every figure is computed →Standards and sources →

Where these figures came from

URAN filings on SEC EDGAR ↗URAN prospectus with the expense ratio (SEC) ↗Themes page for URAN ↗URNM filings on SEC EDGAR ↗URNM prospectus with the expense ratio (SEC) ↗Sprott page for URNM ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, URAN against URNM, data as of Sep 30, 2026. https://etfiq.com/compare/themes/uran-vs-urnm

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.