Sprott Junior Uranium Miners ETF
ALTAR
Score™		 -2.1% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 -81.0x P/Sales
ratio		 25.6x
P/BV
ratio		 8.8x Div.
yield		 1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
URNJ seeks to track an index of small cap uranium miners around the globe, primarily those with revenues tied to the uranium mining and uranium industry. Securities are selected using a fundamental, proprietary methodology and weighted by market cap.

FUND BASICS
Category Global Equities
Fund Sponsor Sprott
Website www.sprottetfs.com/urnj-sprott-junior-uranium-miners-etf/
Inception date Jan 02, 2023
Assets (mns) $471
Currency USD
Expense ratio 80 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 25
Wgt avg mkt cap (mns) $1,335
Large cap (>$10bn) 13.1%
Mid cap ($2-10bn) 14.2%
Small cap (<$2bn) 71.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
URANIUM ENERGY CORP 17.5 %
DENISON MINES CORP 12.9 %
PALADIN ENERGY LIMITED 11.3 %
NEXGEN ENERGY LTD. 10.8 %
ENERGY FUELS INC. 8.5 %
CGN MINING CO LTD 5.5 %
DEEP YELLOW LTD 5.0 %
UR-ENERGY INC 4.0 %
ENCORE ENERGY CORP. 3.3 %
URANIUM ROYALTY CORP. 2.9 %
Total 81.6 %

TOP COUNTRY EXPOSURE
CANADA 38.3 %
UNITED STATES 22.6 %
AUSTRALIA 22.5 %
HONG KONG 6.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
56.9% 36.9% -- -- 17.5%

Market Correlations
versus... Beta R-squared
S&P500 0.77 5%
MSCI EAFE -0.26 1%
MSCI Emg. Mkts. -1.01 8%

Technical Indicators
Recent close $34.01
30d moving avg. $27.41
Annualized volatility 44.2%
Short interest (ETF) 4.9%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 424
Turnover 3.1%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $158

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 89 potential alternatives to the Sprott Junior Uranium Miners ETF ETF based on the alternatives' overlap in portfolio holdings with URNJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: URNJ Expense: 80 bp ALTAR Score™: -2.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH URNJ
Ticker Fund
Name		 Overlap1
vs URNJ
(%)		 Expense
ratio
(bp)		 Savings
vs URNJ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs URNJ
(%)
NLR VanEck Uranium+Nuclear Energy ETF 28.8 61 19 1.2 +3.3
SETM Sprott Energy Transition Materials ETF 15.9 65 15 1.9 +4.0
URA Global X Uranium ETF 14.0 69 11 1.0 +3.1
URAN Themes Uranium & Nuclear ETF 12.8 35 45 1.1 +3.1
XME SPDR S&P Metals & Mining ETF 6.4 35 45 5.5 +7.6
FMKT The Free Markets ETF 4.6 76 4 1.4 +3.5
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 3.9 60 20 5.6 +7.7
AFK VanEck Africa Index ETF 2.5 98 -18 11.0 +13.1
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 1.3 85 -5 8.8 +10.9
FYC First Trust Small Cap Growth AlphaDEX Fund 0.8 71 9 0.4 +2.4
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.7 95 -15 0.4 +2.5
IWC iShares Micro-Cap ETF 0.6 60 20 -0.8 +1.3
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.6 60 20 1.8 +3.9
FTWO Strive FAANG 2.0 ETF 0.6 49 31 4.0 +6.1
CCSO Carbon Collective Climate Solutions US Equity ETF 0.5 35 45 0.9 +3.0
ECNS iShares MSCI China Small-Cap ETF 0.5 59 21 8.1 +10.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.5 29 51 8.2 +10.2
IWO iShares Russell 2000 Growth ETF 0.4 24 56 1.2 +3.3
VTWG Vanguard Russell 2000 Growth ETF 0.4 10 70 1.4 +3.4
FYX First Trust Small Cap Core AlphaDEX Fund 0.4 61 19 5.8 +7.9
FILL iShares MSCI Global Energy Producers ETF 0.4 39 41 11.9 +14.0
VDE Vanguard Energy ETF 0.4 9 71 9.2 +11.3
FENY Fidelity MSCI Energy Index ETF 0.3 8 72 9.3 +11.4
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 41 10.0 +12.1
IGE iShares North American Natural Resources ETF 0.3 41 39 7.4 +9.5
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.3 9 71 4.0 +6.1
VTWO Vanguard Russell 2000 ETF 0.3 7 73 4.1 +6.2
IWM iShares Russell 2000 ETF 0.3 19 61 4.1 +6.2
RSSL Global X Russell 2000 ETF 0.3 8 72 4.2 +6.2
STXK Strive Small-Cap ETF 0.3 18 62 5.8 +7.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.2 4 76 5.8 +7.9
GWX SPDR S&P International Small Cap ETF 0.2 40 40 5.9 +8.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 74 2.8 +4.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 16 2.1 +4.2
IWN iShares Russell 2000 Value ETF 0.1 24 56 7.1 +9.2
VTWV Vanguard Russell 2000 Value ETF 0.1 10 70 7.1 +9.2
AVDS Avantis International Small Cap Equity ETF 0.1 30 50 7.2 +9.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 72 6.1 +8.2
NANR SPDR S&P North American Natural Resources ETF 0.1 35 45 7.5 +9.6
SCHC Schwab International Small-Cap Equity ETF 0.1 11 69 6.5 +8.6
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.1 17 63 5.6 +7.7
DFAS Dimensional U.S. Small Cap ETF 0.1 26 54 6.4 +8.5
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 40 6.9 +9.0
TXS Texas Capital Texas Equity Index ETF 0.1 49 31 5.6 +7.7
ISCB iShares Morningstar Small-Cap ETF 0.1 4 76 6.1 +8.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 15 7.8 +9.9
AVIE Avantis  Inflation Focused Equity ETF 0.1 25 55 7.3 +9.4
DXUV Dimensional US Vector Equity ETF 0.1 28 52 6.2 +8.3
VXF Vanguard Extended Market ETF 0.1 5 75 4.6 +6.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 41 5.8 +7.8
DFIS Dimensional International Small Cap ETF 0.1 39 41 7.2 +9.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 10 7.7 +9.8
FESM Fidelity Enhanced Small Cap ETF 0.1 28 52 7.0 +9.1
VPL Vanguard FTSE Pacific ETF 0.1 7 73 6.7 +8.8
IPAC iShares Core MSCI Pacific ETF 0.0 9 71 6.3 +8.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 41 5.2 +7.3
GXC SPDR S&P China ETF 0.0 59 21 15.0 +17.1
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 62 5.3 +7.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 63 5.5 +7.6
AVSE Avantis Responsible Emerging Markets Equity ETF 0.0 33 47 8.2 +10.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 41 7.9 +9.9
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 73 7.7 +9.8
VEA Vanguard FTSE Developed Markets ETF 0.0 3 77 7.1 +9.2
IEFA iShares Core MSCI EAFE ETF 0.0 7 73 6.9 +9.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 39 8.5 +10.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 77 6.9 +9.0
DCOR Dimensional US Core Equity 1 ETF 0.0 14 66 5.4 +7.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 71 5.6 +7.7
VTI Vanguard Total Stock Market ETF 0.0 3 77 4.8 +6.9
VTHR Vanguard Russell 3000 ETF 0.0 7 73 4.8 +6.9
VXUS Vanguard Total International Stock ETF 0.0 5 75 7.8 +9.8
IWV iShares Russell 3000 ETF 0.0 20 60 4.7 +6.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 55 5.6 +7.7
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 76 6.9 +8.9
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 71 10.1 +12.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 77 4.8 +6.9
DFAU Dimensional US Core Equity Market ETF 0.0 12 68 5.0 +7.1
DFUS Dimensional U.S. Equity ETF 0.0 9 71 4.8 +6.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 42 9.0 +11.1
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 45 9.0 +11.1
DFAI Dimensional International Core Equity Market ETF 0.0 18 62 7.1 +9.1
DFIC Dimensional International Core Equity 2 ETF 0.0 23 57 7.4 +9.4
VT Vanguard Total World Stock ETF 0.0 6 74 5.8 +7.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 50 7.8 +9.9
AVDE Avantis International Equity ETF 0.0 23 57 7.3 +9.4
AVUS Avantis U.S. Equity ETF 0.0 15 65 5.7 +7.8
AVEM Avantis Emerging Markets Equity ETF 0.0 33 47 8.4 +10.4
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 56 6.3 +8.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 21 8.7 +10.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Sprott Junior Uranium Miners ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity -12.2 %
Divided by: Fwd. P/BV 9.5 x
Less: Expense ratio 80 bp
Equals: ALTAR Score -2.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.49 CATEGORY
AVERAGE		 1.58
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.