Global X Uranium ETF

Global X Uranium ETF (URA) is an index fund that tracks the Solactive Global Uranium & Nuclear Components Total Return Index. It holds uranium miners, a physical uranium trust and nuclear reactor developers around the world. It is the largest of the four similar funds compared here, with $5.44 billion in net assets as of July 31, 2026. Its 0.69% expense ratio is above the 0.57% peer average, and Cameco alone made up about 22% of the fund.

• Over the year to Oct 27, 2026, URA returned -25.9%, 2nd of 4 among similar funds.
• Its 5-year annualized return was +9.8%.
• Its worst full calendar year was 2022 (-11.3%); its best was 2025 (+67.3%).
• The deepest fall in its price history was 44.8% (Jan 28, 2026 to Oct 22, 2026), not yet recovered.

As of Jul 31, 2026, the fund held 66 securities; the ten largest made up 62.96% of assets.

• Over the three months to Jul 31, 2026, investors added a net $206.1M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: -9.61%, -14.41%, -8.53%.

URA tracks an index built by Solactive AG, which is independent of the fund and of its adviser, Global X Management Company LLC. The index covers global companies in uranium mining, exploration, uranium-related technology and nuclear components. The fund can also own trusts that hold physical uranium and companies that build nuclear reactors. At least 80% of its assets go into index securities or depositary receipts (ADRs and GDRs), which are certificates that trade on US or other exchanges and represent shares of a foreign company. As of December 31, 2025, the index had 49 constituents, and 43 of them were foreign companies.

Stocks are screened for liquidity, meaning how easily their shares trade. They are then weighted by "modified effective market capitalization": bigger companies get more weight, adjusted for liquidity. Every quarter, Solactive and Minerva Analytics screen out companies tied to controversial weapons, such as nuclear weapons or depleted uranium. The fund generally buys every index stock in about the same proportions, but it may hold a representative sample instead. It does not try to beat the index or move to cash when markets fall.

The fund is "non-diversified" and concentrated in the oil, gas and consumable fuels industry. It may lend out securities worth up to one-third of its assets. Portfolio turnover was 14.51%. As of July 31, 2026, it held 87 positions, and the top 10 made up 63% of assets.

• URA charges 0.69% a year, versus an average of 0.57% for the similar funds below (3rd of 4, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $70 in the first year and $859 over 10 years (assuming a 5% annual return).

URA is a concentrated, non-diversified bet on one industry, with a 1-year volatility of 51.2% and several drops of more than 25%, so it fits best as a small side position.

URA's price record here starts in June 2020, so it doesn't show how the fund did in the 2008 financial crisis or the 2020 COVID crash. In the 2022 bear market, it fell 36% between April and July 2022 and took about 16 months to recover, getting back to its old high in November 2023. Its deepest drop, 44.8%, ran from January 28 to October 22, 2026, and it had not recovered as of October 27, 2026. Its worst calendar year in the prospectus was 2018, at -20.16%. Anyone who had to sell shares during a stretch like that would lock in heavy losses.

The fund paid $2.08 per share over the 12 months to October 27, 2026, a trailing yield of 5.8%. It pays only once a year, though, which makes it a less predictable source of income. It costs 0.69% a year, or $70 in the first year on the SEC's standard $10,000 example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.