CEMS.DE vs. NLR
CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) and NLR (VanEck Uranium and Nuclear ETF) are both exchange-traded funds - CEMS.DE is a Europe Equities fund tracking the MSCI Europe Enhanced Value, while NLR is a Alternative Energy Equities fund tracking the MVIS Global Uranium & Nuclear Energy Index. Both are passively managed. Over the past 10 years, CEMS.DE returned 11.60%/yr vs 12.44%/yr for NLR. At a 0.34 correlation, their price movements are largely independent. CEMS.DE charges 0.25%/yr vs 0.56%/yr for NLR.
Performance
CEMS.DE vs. NLR - Performance Comparison
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Different Trading Currencies
CEMS.DE is traded in EUR, while NLR is traded in USD. To make them comparable, the NLR values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CEMS.DE achieves a 14.37% return, which is significantly higher than NLR's -0.30% return. Over the past 10 years, CEMS.DE has underperformed NLR with an annualized return of 11.60%, while NLR has yielded a comparatively higher 12.44% annualized return.
CEMS.DE
- 1D
- 2.48%
- 1M
- 3.42%
- YTD
- 14.37%
- 6M
- 17.13%
- 1Y
- 32.78%
- 3Y*
- 21.17%
- 5Y*
- 14.39%
- 10Y*
- 11.60%
NLR
- 1D
- 0.92%
- 1M
- -9.46%
- YTD
- -0.30%
- 6M
- -2.27%
- 1Y
- 18.93%
- 3Y*
- 26.90%
- 5Y*
- 20.88%
- 10Y*
- 12.44%
CEMS.DE vs. NLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 14.37% | 36.00% | 9.92% | 13.88% | -4.51% | 26.64% | -8.83% | 23.35% | -14.05% | 10.13% |
NLR VanEck Uranium and Nuclear ETF | -0.30% | 37.93% | 21.80% | 32.57% | 8.62% | 22.12% | -5.04% | 2.46% | 9.87% | -5.06% |
Correlation
The correlation between CEMS.DE and NLR is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.34 |
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Return for Risk
CEMS.DE vs. NLR — Risk / Return Rank
CEMS.DE
NLR
CEMS.DE vs. NLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) and VanEck Uranium and Nuclear ETF (NLR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CEMS.DE | NLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.86 | ||
| Sortino ratioReturn per unit of downside risk | +2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.11 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 0.70 | +2.56 |
| Martin ratioReturn relative to average drawdown | 12.19 | 1.53 | +10.67 |
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Drawdowns
CEMS.DE vs. NLR - Drawdown Comparison
The maximum CEMS.DE drawdown since its inception was -40.22%, smaller than the maximum NLR drawdown of -59.22%. Use the drawdown chart below to compare losses from any high point for CEMS.DE and NLR.
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Drawdown Indicators
| CEMS.DE | NLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -59.22% | +19.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -27.16% | +17.14% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | -33.91% | +16.30% |
Max Drawdown (5Y)Largest decline over 5 years | -19.56% | -33.91% | +14.35% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | -33.91% | -6.31% |
Current DrawdownCurrent decline from peak | -0.66% | -23.33% | +22.67% |
Average DrawdownAverage peak-to-trough decline | -7.50% | -26.66% | +19.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 12.44% | -9.76% |
Volatility
CEMS.DE vs. NLR - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) is 4.88%, while VanEck Uranium and Nuclear ETF (NLR) has a volatility of 12.86%. This indicates that CEMS.DE experiences smaller price fluctuations and is considered to be less risky than NLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEMS.DE | NLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 12.86% | -7.98% |
Volatility (6M)Calculated over the trailing 6-month period | 11.54% | 32.58% | -21.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 42.11% | -27.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.31% | 28.66% | -13.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 24.00% | -6.54% |
CEMS.DE vs. NLR - Expense Ratio Comparison
CEMS.DE has a 0.25% expense ratio, which is lower than NLR's 0.56% expense ratio.
Dividends
CEMS.DE vs. NLR - Dividend Comparison
CEMS.DE has not paid dividends to shareholders, while NLR's dividend yield for the trailing twelve months is around 2.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NLR VanEck Uranium and Nuclear ETF | 2.60% | 2.55% | 0.76% | 4.54% | 2.02% | 1.99% | 2.23% | 2.21% | 3.91% | 4.86% | 3.62% | 3.30% |
Frequently Asked Questions
CEMS.DE and NLR have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMS.DE is cheaper with a 0.25% expense ratio, compared with 0.56% for NLR.
CEMS.DE is categorized as Europe Equities, while NLR is Alternative Energy Equities. CEMS.DE tracks MSCI Europe Enhanced Value, while NLR tracks MVIS Global Uranium & Nuclear Energy Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.25% for CEMS.DE and 0.56% for NLR.
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