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Launched · SEC filings

Roundhill Uranium ETF

UXCboeRoundhill InvestmentsD

$27.87−0.18 (−0.65%)

As of Nov 2, 2026, 3:58 PM ET

D34/ 100

Rank 8 of 9 in Physical Commodities

D34/100Rank 8 of 9inPhysical Commodities
Intraday session: down, 73 prints from 28.05 to 27.87. Range 27.84 to 28.50. Use the arrow keys to read each point.28.2028.3028.4028.5010 AM12 PM2 PM4 PM
Expense ratio
0.77%
Fund size
$5M
1Y total return
−8.2%
Yield · Last 12 months
No data
Holdings
6
Avg volume · 30D
4.07K sh
52W range
low $25.84high $38.72
Launched
Filings
SEC EDGAR

The ETF.net UX Grade

D

Score 34 out of 100

Category
Physical Commodities⁠
Rank
8 of 9
Six-pillar profile for UX. Scores out of 100: Cost 20, Risk 66, Mission 22, Tradability 51, Holdings 100, Durability 50. Strongest: Holdings (100). Weakest: Cost (20). Leans toward Holdings.

Score 34 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
35
This cap took
0
Published Score
34 Grade D

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F20 out of 100
    Rank 8 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    F22 out of 100
    Rank 7 of 7

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B66 out of 100
    Rank 2 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C51 out of 100
    Rank 6 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A100 out of 100
    No data

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C50 out of 100
    Rank 6 of 9

Our read on UX

ETF.net Research

In short

DUranium funds usually buy the miners. UX aims at the yellowcake itself, via swaps tied to Sprott's physical uranium trust and Yellow Cake plc: the first US-listed ETF built around the U3O8 price. Costs 0.77% a year, no waiver.

Stated mandate

The fund seeks exposure to changes in the price of physical uranium, including through swap agreements linked to uranium-related trusts and other reference assets.

Why people hold it

  • The first US-listed ETF designed to give exposure to the price of physical uranium (U3O8) rather than to the companies that mine it.roundhillinvestments.com
  • No yellowcake in a warehouse. Exposure comes from swaps referencing the Sprott Physical Uranium Trust and Yellow Cake plc, collateralized with Treasury bills.sec.gov
  • Spot-uranium swaps sit in a wholly owned Cayman subsidiary, capped at 25% of assets at each fiscal quarter-end to keep the fund's 1940 Act tax treatment.roundhillinvestments.com

Worth knowing

  • At 0.77% with no fee waiver, it charges more than the typical physical-commodity fund, and more than vault-held metal peers SIVR (0.30%) and SLV (0.50%).
  • Results lean on Sprott and Yellow Cake, which can trade at a premium or discount to their uranium holdings, so the fund can diverge from spot U3O8.sec.govroundhillinvestments.com
  • A 2025 launch with a small asset base, thin on-screen trading and non-diversified status under the 1940 Act, which can mean wider spreads than big vault-based funds.sec.gov

UX Performance

Launched Jan 29, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
UX$9,183
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. UX $9,183. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for UX. Periods over one year show the average yearly return.
PeriodUX
Year to date−5.9%
1 month+0.5%
3 months+1.4%
1 year−8.2%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for UX
YearReturn barUX
2026 YTD−5.9%
2025+15.8%

Since listing, Jan 29, 2025

UX in the news

UX Dividends

Last payment
$0.44 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.44. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.44

$10,000 in UX 1 year ago paid $142 in dividends.

UX Risk

Risk pillarB66 out of 100Rank 2 of 9 in Physical Commodities
How much the fund’s monthly returns vary, scaled to a year.
31.3%
Annualised · 21 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.19
vs 3-month T-bills · 21 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−26.6%
21 months · trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.84
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

UX Cost

Compare UX and SIVR

Overpaying vs SIVR, cheapest in Physical Commodities

$8,680

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • UX 0.77%

    $14,829

  • SIVR 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • UX 0.77%
  • SIVR 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530UX $14,829SIVR $6,149

Year by year

YearUXSIVROverpaying
10$1,371$545$826
20$5,205$2,113$3,092
30$14,829$6,149$8,680

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