Sprott is a physical uranium trust. So, it will give you exposure to the price of uranium without actually having to own uranium. As a result, when uranium does poorly, so does Sprott.
Now, Sprott has done notably worse than Uranium over the last while, and this is primarily a result of it trading at a discount to its net asset value due to lower investor sentiment and demand for the fund.
It is possible that the discount to NAV could disappear if uranium prices go upwards but it's been on a pretty big slide throughout 2024. It is hard to say what it will do when (if) prices recover.