The Global X Uranium ETF (ATOM) provides diversified exposure to global uranium miners and nuclear energy companies, offering investors a thematic way to benefit from rising uranium demand and the growing role of nuclear power in the energy transition – a thematic MM is very bullish towards. This uranium-facing ETF is often overshadowed by the more commonly discussed BetaShares Global Uranium ETF (ASX: URNM), but it’s worth looking at the differences between the two:
Global X Uranium ETF (ATOM): This relatively small $146mn ETF is up +5% in 2026 and +22% in the last year, while charging an ok 0.69% mgmt. fee for exposure to the global uranium sector, with almost 60% exposure in the US & Canada.
Top holdings:
- Cameco ~22–23%
- Oklo Inc. ~7–10%
- NexGen Energy ~6%
- Uranium Energy Corp ~6%
Global Uranium ETF (URNM): This more established $345mn ETF is up +5% in 2026 and +26% in the last year, while also charging 0.69% mgmt. fee for exposure to the global uranium miners with around 40 holdings at the moment.
Top holdings:
- Cameco ~21–23%
- NexGen Energy ~12%
- Sprott Physical Uranium Trust ~11–14%
- Kazatomprom ~18–19%
Not a great deal to choose between the two from a performance perspective, however under the hood, ATOM spreads exposure across the full nuclear value chain, including miners plus reactor and component technology businesses like Oklo — giving it lighter weighting to top miners. URNM is a more concentrated pure-play on uranium miners and physical uranium.
- We can like the ATOM ETF moving forward, as we do its bigger cousin, the very similar URNM ETF.
