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UX

GradeDChicago Board Options Exchange

Roundhill Investments - Uranium ETF

Commodities · Roundhill Investments · Inception 2025-01-29

$28.48−0.42 (−1.46%)

As of Sep 23, 2026, 1:05 PM EDT

History starts Jan 29, 2025.
Intraday session: down, 5 prints from 28.90 to 28.48. Range 28.48 to 28.90. Use the arrow keys to read each point.$28.60$28.70$28.80$28.9010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$5M
1Y return
−4.2%
Yield · Last 12 months
Data unavailable
Holdings
7
Volume · 30D
0M sh
NAV per share
$28.90
52W range
low $25.84high $38.72

The ETF.net UX Grade

D

30/ 100

Rank 7 of 9 in Physical Commodities⁠

Confidence Medium

Six-pillar profile for UX. Scores out of 100: Cost 20, Risk 54, Mission 15, Tradability 48, Holdings not scored, Durability 48. Strongest: Risk (54). Weakest: Mission (15). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 30 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 20
    Category rank8/9 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    FScore 15
    Category rank7/7 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank3/8 · top 38%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 48
    Category rank6/9 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 48
    Category rank6/9 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on UX

ETF.net Research

DMost uranium ETFs buy the miners. UX goes after the rock: it targets changes in the price of physical uranium (U3O8) through swaps linked to uranium trusts, inside a standard 1940 Act ETF wrapper.

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

  1. 01The commodity, not the companies. Exposure tracks the U3O8 price rather than mine schedules, cost overruns and share issuance at uranium producers.roundhillinvestments.com
  2. 02Fills a real gap in the shelf: URA, URNM and NLR are equity baskets of miners and nuclear names, while UX points at the underlying fuel price.roundhillinvestments.com
  3. 03Fee sits at 0.75%, right on the uranium and nuclear category's median, for a job most of that category doesn't do.
  4. 04Registered under the 1940 Act, so it trades and reports like an ordinary ETF rather than a commodity partnership.roundhillinvestments.com

Worth knowing

  1. 01Swaps do the work. Exposure comes through swap agreements linked to uranium-related trusts and reference assets, not owned yellowcake, which adds counterparty and financing considerations.roundhillinvestments.com
  2. 02It launched in 2025. Assets and on-screen depth are modest next to the category's long-running funds, so spreads can run wider than the household names.
  3. 03A commodity pays no dividends. There's no miner earnings leverage here, and any distributions arrive at most once or twice a year.

UX Holdings

As of Sep 20, 2026, 5:42 AM
Asset class
Stocks
Holdings
7
Top-10 weight
180%
Largest holding
912797UJ476.7%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001912797UJ4United States Treasury Bill 10/08/202676.71%4,200,000$4M56
002BP37WP1 TRS 040527 NMSPROTT PHYSICAL URANIUM TR SWAP NM71.19%189,893$4M1
003U-U.TOSprott Physical Uranium Trust19.88%53,034$1M3
004BF50RG4 TRS 040627 NMYELLOW CAKE PLC SWAP NM9.52%69,099$520K1
005FGXXXFirst American Government Obligations Fund 12/01/20313.12%170,374$170K86

Showing 1–5 of 5 holdings

UX Performance

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

UX$9,585
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. UX $9,585. SPY $11,723. Use the arrow keys to read each point.$8,576$10,545$12,515Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−3.2%
1 month−4.8%
3 months+2.6%
1 year−4.2%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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−3.2%
2025+15.8%

Since listing, Jan 29, 2025

UX in the news

ETF.net Research hasn’t filed on UX yet — coverage lands here as it’s written.

UX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
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

UX Risk

How much the fund’s monthly returns vary, scaled to a year.
32.3%
Annualised · 19 months to Aug 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.
0.34
vs 3-month T-bills · 19 months to Aug 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.
−26.1%
19 months · trough Jul 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.
0.80
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.

UX Cost

Expense ratio0.75%
  • The middle half of Physical Commodities funds
  • Median 0.60%

7 of the 9 Physical Commodities funds charge less.

UX costs $75.00 a year on $10,000. The median Physical Commodities fund costs $60.00.