COPG.L vs. NCLR.L
COPG.L (Global X Copper Miners UCITS ETF USD Acc) and NCLR.L (WisdomTree Uranium and Nuclear Energy UCITS ETF) are both exchange-traded funds - COPG.L is a Commodity Producers Equities fund tracking the Solactive Global Copper Miners Total Return Index, while NCLR.L is a Alternative Energy Equities fund tracking the WisdomTree Uranium and Nuclear Energy UCITS Index. Both are passively managed. Over the past year, COPG.L returned 119.81% vs 76.51% for NCLR.L. A 0.60 correlation means they provide meaningful diversification when combined. COPG.L charges 0.65%/yr vs 0.45%/yr for NCLR.L.
Performance
COPG.L vs. NCLR.L - Performance Comparison
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Different Trading Currencies
COPG.L is traded in GBP, while NCLR.L is traded in GBp. To make them comparable, the NCLR.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, COPG.L achieves a 24.91% return, which is significantly higher than NCLR.L's 16.09% return.
COPG.L
- 1D
- -0.95%
- 1M
- 15.82%
- YTD
- 24.91%
- 6M
- 35.76%
- 1Y
- 119.81%
- 3Y*
- 34.51%
- 5Y*
- —
- 10Y*
- —
NCLR.L
- 1D
- 0.12%
- 1M
- -9.04%
- YTD
- 16.09%
- 6M
- 12.53%
- 1Y
- 76.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COPG.L vs. NCLR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
COPG.L Global X Copper Miners UCITS ETF USD Acc | 24.91% | 84.18% |
NCLR.L WisdomTree Uranium and Nuclear Energy UCITS ETF | 16.09% | 112.38% |
Correlation
The correlation between COPG.L and NCLR.L is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2025 | 0.60 |
The correlation between COPG.L and NCLR.L has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.
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Return for Risk
COPG.L vs. NCLR.L — Risk / Return Rank
COPG.L
NCLR.L
COPG.L vs. NCLR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners UCITS ETF USD Acc (COPG.L) and WisdomTree Uranium and Nuclear Energy UCITS ETF (NCLR.L). 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.
| COPG.L | NCLR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.27 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 2.71 | +1.83 |
| Martin ratioReturn relative to average drawdown | 14.57 | 6.71 | +7.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COPG.L | NCLR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 1.62 | +1.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 2.29 | -1.52 |
Drawdowns
COPG.L vs. NCLR.L - Drawdown Comparison
The maximum COPG.L drawdown since its inception was -38.84%, which is greater than NCLR.L's maximum drawdown of -28.14%. Use the drawdown chart below to compare losses from any high point for COPG.L and NCLR.L.
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Drawdown Indicators
| COPG.L | NCLR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.84% | -28.14% | -10.70% |
Max Drawdown (1Y)Largest decline over 1 year | -26.29% | -28.14% | +1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -38.84% | — | — |
Current DrawdownCurrent decline from peak | -5.64% | -17.34% | +11.70% |
Average DrawdownAverage peak-to-trough decline | -13.96% | -8.11% | -5.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.19% | 11.37% | -3.18% |
Volatility
COPG.L vs. NCLR.L - Volatility Comparison
Global X Copper Miners UCITS ETF USD Acc (COPG.L) and WisdomTree Uranium and Nuclear Energy UCITS ETF (NCLR.L) have volatilities of 14.11% and 13.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COPG.L | NCLR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.11% | 13.97% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 32.19% | 34.12% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.96% | 47.01% | -9.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.82% | 47.23% | -13.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.82% | 47.23% | -13.41% |
COPG.L vs. NCLR.L - Expense Ratio Comparison
COPG.L has a 0.65% expense ratio, which is higher than NCLR.L's 0.45% expense ratio.
Dividends
COPG.L vs. NCLR.L - Dividend Comparison
Neither COPG.L nor NCLR.L has paid dividends to shareholders.
Frequently Asked Questions
COPG.L and NCLR.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NCLR.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NCLR.L is cheaper with a 0.45% expense ratio, compared with 0.65% for COPG.L.
COPG.L is categorized as Commodity Producers Equities, while NCLR.L is Alternative Energy Equities. COPG.L tracks Solactive Global Copper Miners Total Return Index, while NCLR.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.65% for COPG.L and 0.45% for NCLR.L.
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