CTEK.L vs. NCLP.L
CTEK.L (Global X CleanTech UCITS ETF USD (Acc)) and NCLP.L (WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating) are both exchange-traded funds - CTEK.L is a Alternative Energy Equities fund tracking the Indxx Global CleanTech v2 Index, while NCLP.L is a Uranium fund tracking the WisdomTree Uranium and Nuclear Energy UCITS Index. Both are passively managed. Over the past year, CTEK.L returned 48.73% vs 27.51% for NCLP.L. A 0.64 correlation means they provide meaningful diversification when combined. CTEK.L charges 0.50%/yr vs 0.45%/yr for NCLP.L.
Performance
CTEK.L vs. NCLP.L - Performance Comparison
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Different Trading Currencies
CTEK.L is traded in USD, while NCLP.L is traded in GBp. To make them comparable, the NCLP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CTEK.L achieves a 11.69% return, which is significantly higher than NCLP.L's -0.05% return.
CTEK.L
- 1D
- -0.57%
- 1M
- -13.91%
- 6M
- 0.34%
- YTD
- 11.69%
- 1Y
- 48.73%
- 3Y*
- -5.57%
- 5Y*
- —
- 10Y*
- —
NCLP.L
- 1D
- 0.00%
- 1M
- -11.41%
- 6M
- -16.06%
- YTD
- -0.05%
- 1Y
- 27.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CTEK.L vs. NCLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CTEK.L Global X CleanTech UCITS ETF USD (Acc) | 11.69% | 65.68% |
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating | -0.05% | 63.91% |
Correlation
The correlation between CTEK.L and NCLP.L is 0.69, 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 | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025 | 0.64 |
The correlation between CTEK.L and NCLP.L has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.
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Return for Risk
CTEK.L vs. NCLP.L — Risk / Return Rank
CTEK.L
NCLP.L
CTEK.L vs. NCLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X CleanTech UCITS ETF USD (Acc) (CTEK.L) and WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.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.
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.
| CTEK.L | NCLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.15 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 0.69 | +1.23 |
| Martin ratioReturn relative to average drawdown | 5.45 | 1.38 | +4.07 |
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Drawdowns
CTEK.L vs. NCLP.L - Drawdown Comparison
The maximum CTEK.L drawdown since its inception was -73.85%, which is greater than NCLP.L's maximum drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for CTEK.L and NCLP.L.
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Drawdown Indicators
| CTEK.L | NCLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.85% | -40.08% | -33.77% |
Max Drawdown (1Y)Largest decline over 1 year | -26.44% | -40.08% | +13.64% |
Max Drawdown (3Y)Largest decline over 3 years | -63.73% | — | — |
Current DrawdownCurrent decline from peak | -40.61% | -32.50% | -8.11% |
Average DrawdownAverage peak-to-trough decline | -44.62% | -14.92% | -29.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.34% | 19.97% | -10.63% |
Volatility
CTEK.L vs. NCLP.L - Volatility Comparison
Global X CleanTech UCITS ETF USD (Acc) (CTEK.L) has a higher volatility of 13.41% compared to WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) at 10.66%. This indicates that CTEK.L's price experiences larger fluctuations and is considered to be riskier than NCLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CTEK.L | NCLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.41% | 10.66% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 28.55% | 33.98% | -5.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.49% | 64.39% | -25.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.95% | 62.28% | -25.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.95% | 62.28% | -25.33% |
CTEK.L vs. NCLP.L - Expense Ratio Comparison
CTEK.L has a 0.50% expense ratio, which is higher than NCLP.L's 0.45% expense ratio.
Dividends
CTEK.L vs. NCLP.L - Dividend Comparison
Neither CTEK.L nor NCLP.L has paid dividends to shareholders.
Frequently Asked Questions
CTEK.L and NCLP.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NCLP.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NCLP.L is cheaper with a 0.45% expense ratio, compared with 0.50% for CTEK.L.
CTEK.L is categorized as Alternative Energy Equities, while NCLP.L is Uranium. CTEK.L tracks Indxx Global CleanTech v2 Index, while NCLP.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.50% for CTEK.L and 0.45% for NCLP.L.
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