PBWvsURNMETF Comparison
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Invesco WilderHill Clean Energy ETF (PBW) and Sprott Uranium Miners ETF (URNM) belong to the same industry segment: Alternative Energy. PBW's top 3 sector exposures are Industrials, Non-Energy Materials and Technology. In contrast, URNM's top sector exposures are Energy, Non-Corporate and Industrials. PBW is less expensive with a Total Expense Ratio (TER) of 0.63%, versus 0.75% for URNM. PBW is down -18.46% year-to-date (YTD) with -$324M in YTD flows. URNM performs worse with -23.93% YTD performance, and +$479M in YTD flows. Run a side-by-side ETF comparison of PBW and URNM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PBW vs URNM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PBW URNM | -19.32%-20.31% | -25.46%-17.78% | -18.46%-23.93% | -22.53%-24.75% | -0.07%+4.81% | -66.91%+4.04% |
| Flows | PBW URNM | -$3M+$61M | -$33M+$166M | -$324M+$479M | -$217M+$467M | -$136M+$514M | -$401M+$1.02B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PBW URNM | +37.23%+38.56% | +42.12%+43.52% | +41.22%+37.40% | +43.37%+39.26% |
| Max drawdown | PBW URNM | -29.34%-31.48% | -46.97%-49.29% | -54.99%-50.18% | -84.50%-50.18% |
| Max drawdown duration | PBW URNM | 68d57d | 143d267d | 644d485d | 1810d485d |
Trading data
PBW | URNM | |
Last sale 10/23/2026 at 1:30 PM | $24.56 | $41.79 |
| Previous close 10/23/2026 | $24.54 | $41.54 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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PBW | URNM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
PBW | URNM | |
|---|---|---|
| Last price | $24.56 | $41.79 |
| 1D performance | +0.08% | +0.60% |
| AuM | $283.99 M | $1.65 B |
| E/R | 0.63% | 0.75% |
Characteristics
PBW | URNM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Sprott ETFs |
| Benchmark | WilderHill Clean Energy Index | North Shore Global Uranium Mining Index |
| N° of holdings | 71 | 25 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 3, 2005 | November 29, 2019 |
| ESG | Yes | No |
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Exposure
Countries
PBW
USA
76.66%
Other
23.34%
URNM
Canada
56.48%
Australia
16.81%
USA
13.69%
Other
13.02%
Sectors
PBW
Industrials
42.5%
Non-Energy Materi.
25.6%
Technology
11.01%
Consumer Cyclical.
10.61%
Other
10.28%
URNM
Energy
77.17%
Non-Corporate
13.63%
Industrials
7.96%
Other
1.24%
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Diversification
PBW
Total weight of top 15 holdings out of 15
30.12%
URNM
Total weight of top 15 holdings out of 15
92.29%
Top 15 holdings
Data as of August 31, 2026
PBW
BETA Technologies, Inc.
2.54%
OPAL Fuels, Inc.
2.18%
Itron, Inc.
2.16%
Gevo, Inc.
2.15%
Cadeler A/S
2.15%
Darling Ingredients, Inc.
2.10%
Gentherm, Inc.
2.08%
Archer Aviation, Inc.
1.99%
Rivian Automotive, Inc.
1.97%
Lifezone Metals Ltd.
1.88%
Preformed Line Products Co.
1.86%
Sociedad Quimica y Minera de Chile SA
1.85%
MP Materials Corp.
1.78%
Sigma Lithium Corp.
1.72%
REX American Resources Corp.
1.70%
URNM
Cameco Corp.
18.91%
Sprott Physical Uranium Trust
13.63%
NexGen Energy Ltd.
12.42%
Denison Mines Corp.
5.22%
Paladin Energy Ltd.
4.95%
Deep Yellow Ltd.
4.91%
National Atomic Company Kazatomprom JSC
4.84%
Energy Fuels, Inc.
4.55%
Uranium Energy Corp.
4.50%
CGN Mining Co. Ltd.
4.01%
Yellow Cake Plc
3.95%
Bannerman Energy Ltd.
3.22%
Ur-Energy, Inc.
2.76%
IsoEnergy Ltd.
2.30%
Boss Energy Ltd.
2.13%
Frequently asked questions about PBW and URNM
How have the PBW and URNM ETFs performed in 2026?
As of October 23, 2026, PBW is down -18.46% year-to-date (YTD), while URNM has lost -23.93%. That puts PBW better performer ahead so far this year.
Which ETF is attracting more investor money: PBW or URNM?
Year-to-date, the PBW ETF saw -$324M in flows, compared to +$479M for URNM.
Which ETF is more volatile: PBW or URNM?
Over the past year, PBW had a volatility of 42.12%, while URNM experienced 43.52%.
Which ETF is bigger: PBW or URNM?
As of October 23, 2026, PBW holds $283.99 M in assets under management (AUM), while URNM manages $1.65 B.
What sectors do the PBW and URNM ETFs invest in?
PBW leans toward sectors like Industrials, Non-Energy Materials and Technology. Meanwhile, URNM focuses on Energy, Non-Corporate and Industrials.
What are the top holdings of the PBW ETF and URNM ETF?
PBW top holdings include BETA Technologies, Inc., OPAL Fuels, Inc. and Itron, Inc.. URNM holds in its top three: Cameco Corp., Sprott Physical Uranium Trust and NexGen Energy Ltd..
Which ETF is more diversified: PBW or URNM?
PBW holds 71 securities with 30.12% of its assets in the top 15. URNM has 25 securities and a top 15 weight of 92.29%.
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