Uranium ETF List

Triuranium octoxide (U₃O₈), commonly referred to as yellowcake, is the primary tradable form of uranium used as fuel in nuclear power plants. Spot and long-term contract prices for U₃O₈ are the key benchmark for the uranium market.

The annual fee an ETF charges to cover stated operating costs such as management and administration, expressed as a percentage of assets. Depending on the source it may be quoted gross or net of contractual fee waivers. It does not capture every cost of owning a fund: brokerage commissions, bid-ask spreads, any premium or discount to NAV, and — for futures funds — roll effects are all separate. All else equal, a lower expense ratio means less annual fee drag on returns.

The net value of the assets an ETF holds. AUM indicates fund scale, but it does not by itself determine liquidity or trading costs; bid-ask spreads, trading volume, market makers and the liquidity of underlying holdings also matter. AUM changes with market prices and fund inflows or outflows.

A closed-end fund that holds physical uranium (U₃O₈) in storage facilities. The Sprott Physical Uranium Trust (U.UN on the TSX) is the largest such vehicle and appears as a major holding in URNM. It provides investors with price exposure to uranium without the operational risk of mining companies.

Small-cap mining companies focused on exploration and development rather than active production. Junior miners typically offer higher risk and higher potential upside compared to established producers. In the uranium space, they include companies advancing deposits toward feasibility studies and construction decisions.

A uranium ETF is an exchange-traded fund that provides exposure to the uranium sector through a basket of holdings rather than a single company. Depending on the fund's index methodology, that basket can include uranium producers, junior developers, nuclear fuel companies, broader nuclear energy names and, in some cases, units of physical uranium trusts. All five funds on this list are US-listed equity ETFs.

The “best” uranium ETF depends on your investment goals. URA is the largest and most liquid, offering broad exposure across miners and nuclear component makers. URNM provides purer uranium mining exposure with a physical uranium holding. NLR includes nuclear utilities for a more diversified approach. URNJ targets higher-risk junior miners for investors seeking maximum leverage to uranium prices.

A uranium stock is a share in one company, so its performance depends on that company's specific projects, costs, permitting and financing. A uranium ETF spreads that single-company risk across a basket of holdings in one ticker, at the cost of an annual expense ratio. Investors who want to research individual companies can use our Uranium Stocks list, linked in Related Lists below, which covers producers, developers, explorers and physical uranium vehicles.

Growing global recognition of nuclear power as a reliable, low-carbon energy source has driven increased investor interest. Governments worldwide are extending reactor lifetimes, building new plants, and investing in small modular reactors (SMRs). Meanwhile, the uranium supply side remains constrained after years of underinvestment, creating a structural supply deficit that supports higher prices.

URA (Global X) provides broader exposure including nuclear component manufacturers and reactor companies alongside miners. URNM (Sprott) is more concentrated on pure uranium mining companies and also holds the Sprott Physical Uranium Trust, giving it indirect physical commodity exposure. URNM tends to be more volatile and more closely correlated with uranium spot prices.

None of these ETFs directly hold physical uranium. However, URNM holds shares of the Sprott Physical Uranium Trust (U.UN), which stores physical U₃O₈. This gives URNM indirect exposure to the commodity itself, alongside its equity holdings in uranium mining companies.

No. Sprott Physical Uranium Trust is a closed-end trust that holds physical U3O8 (yellowcake), not an exchange-traded fund holding equities. The US-listed uranium ETFs on this page primarily hold shares of uranium and nuclear companies. Some of these ETFs hold units of physical uranium trusts as portfolio positions, which gives fund investors indirect exposure to the uranium price rather than direct physical ownership.

AUM figures and top holdings are refreshed regularly rather than on a fixed schedule — in practice every few days. Fund details such as expense ratios, inception dates and index information are updated as changes occur. The date shown at the top of the list is the last refresh. Holdings data is sourced from fund websites, fact sheets and financial data providers.