DEAM.DE vs. NUKL.DE
DEAM.DE (Invesco MDAX UCITS ETF A) and NUKL.DE (VanEck Uranium and Nuclear Technologies UCITS ETF A) are both exchange-traded funds - DEAM.DE is a Europe Equities fund tracking the MDAX®, while NUKL.DE is a Uranium fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure. Both are passively managed. Over the past 3 years, DEAM.DE returned 3.87%/yr vs 33.29%/yr for NUKL.DE. At a 0.40 correlation, their price movements are largely independent. DEAM.DE charges 0.19%/yr vs 0.55%/yr for NUKL.DE.
Performance
DEAM.DE vs. NUKL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DEAM.DE achieves a 3.71% return, which is significantly higher than NUKL.DE's -8.46% return.
DEAM.DE
- 1D
- 0.06%
- 1M
- -1.89%
- 6M
- -0.55%
- YTD
- 3.71%
- 1Y
- 2.10%
- 3Y*
- 3.87%
- 5Y*
- -1.95%
- 10Y*
- —
NUKL.DE
- 1D
- 0.00%
- 1M
- -15.49%
- 6M
- -25.07%
- YTD
- -8.46%
- 1Y
- 2.25%
- 3Y*
- 33.29%
- 5Y*
- —
- 10Y*
- —
DEAM.DE vs. NUKL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DEAM.DE Invesco MDAX UCITS ETF A | 3.71% | 19.33% | -6.04% | -9.58% |
NUKL.DE VanEck Uranium and Nuclear Technologies UCITS ETF A | -8.46% | 51.50% | 38.03% | 15.17% |
Correlation
The correlation between DEAM.DE and NUKL.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023 | 0.40 |
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Return for Risk
DEAM.DE vs. NUKL.DE — Risk / Return Rank
DEAM.DE
NUKL.DE
DEAM.DE vs. NUKL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MDAX UCITS ETF A (DEAM.DE) and VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE). 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.
| DEAM.DE | NUKL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.05 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 0.13 | +0.03 |
| Martin ratioReturn relative to average drawdown | 0.43 | 0.27 | +0.16 |
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Drawdowns
DEAM.DE vs. NUKL.DE - Drawdown Comparison
The maximum DEAM.DE drawdown since its inception was -40.04%, which is greater than NUKL.DE's maximum drawdown of -37.52%. Use the drawdown chart below to compare losses from any high point for DEAM.DE and NUKL.DE.
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Drawdown Indicators
| DEAM.DE | NUKL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.04% | -37.52% | -2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -28.54% | +13.59% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -37.52% | +19.04% |
Max Drawdown (5Y)Largest decline over 5 years | -40.04% | — | — |
Current DrawdownCurrent decline from peak | -13.92% | -28.54% | +14.62% |
Average DrawdownAverage peak-to-trough decline | -16.18% | -8.77% | -7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.36% | 13.55% | -8.19% |
Volatility
DEAM.DE vs. NUKL.DE - Volatility Comparison
The current volatility for Invesco MDAX UCITS ETF A (DEAM.DE) is 4.94%, while VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) has a volatility of 8.21%. This indicates that DEAM.DE experiences smaller price fluctuations and is considered to be less risky than NUKL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEAM.DE | NUKL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 8.21% | -3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 15.96% | 28.78% | -12.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.83% | 42.02% | -23.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.40% | 34.53% | -15.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.56% | 34.53% | -14.97% |
DEAM.DE vs. NUKL.DE - Expense Ratio Comparison
DEAM.DE has a 0.19% expense ratio, which is lower than NUKL.DE's 0.55% expense ratio.
Dividends
DEAM.DE vs. NUKL.DE - Dividend Comparison
Neither DEAM.DE nor NUKL.DE has paid dividends to shareholders.
Frequently Asked Questions
DEAM.DE and NUKL.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEAM.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEAM.DE is cheaper with a 0.19% expense ratio, compared with 0.55% for NUKL.DE.
DEAM.DE is categorized as Europe Equities, while NUKL.DE is Uranium. DEAM.DE tracks MDAX®, while NUKL.DE tracks MarketVector Global Uranium and Nuclear Energy Infrastructure. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.19% for DEAM.DE and 0.55% for NUKL.DE.
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