ESIE.L vs. NCLP.L
ESIE.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)) and NCLP.L (WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating) are both Energy Equities funds - ESIE.L tracks the MSCI World/Energy NR USD while NCLP.L tracks the WisdomTree Uranium and Nuclear Energy UCITS Index. Both are passively managed. Over the past year, ESIE.L returned 58.97% vs 79.15% for NCLP.L. At a correlation of -0.04, they often move in opposite directions. ESIE.L charges 0.18%/yr vs 0.45%/yr for NCLP.L.
Performance
ESIE.L vs. NCLP.L - Performance Comparison
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Different Trading Currencies
ESIE.L is traded in GBP, while NCLP.L is traded in GBp. To make them comparable, the NCLP.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESIE.L achieves a 35.58% return, which is significantly higher than NCLP.L's 17.42% return.
ESIE.L
- 1D
- 2.01%
- 1M
- -0.45%
- YTD
- 35.58%
- 6M
- 31.87%
- 1Y
- 58.97%
- 3Y*
- 18.27%
- 5Y*
- 20.09%
- 10Y*
- —
NCLP.L
- 1D
- -3.79%
- 1M
- -7.92%
- YTD
- 17.42%
- 6M
- 16.76%
- 1Y
- 79.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESIE.L vs. NCLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ESIE.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) | 35.58% | 14.54% |
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating | 17.42% | 94.52% |
Correlation
The correlation between ESIE.L and NCLP.L is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | -0.04 |
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Return for Risk
ESIE.L vs. NCLP.L — Risk / Return Rank
ESIE.L
NCLP.L
ESIE.L vs. NCLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.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.
| ESIE.L | NCLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.28 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.84 | 2.92 | +1.92 |
| Martin ratioReturn relative to average drawdown | 14.81 | 7.64 | +7.18 |
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
| ESIE.L | NCLP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | 1.75 | +0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 2.13 | -1.26 |
Drawdowns
ESIE.L vs. NCLP.L - Drawdown Comparison
The maximum ESIE.L drawdown since its inception was -27.35%, roughly equal to the maximum NCLP.L drawdown of -26.96%. Use the drawdown chart below to compare losses from any high point for ESIE.L and NCLP.L.
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Drawdown Indicators
| ESIE.L | NCLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.35% | -26.96% | -0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -26.96% | +14.83% |
Max Drawdown (3Y)Largest decline over 3 years | -27.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.35% | — | — |
Current DrawdownCurrent decline from peak | -6.04% | -14.84% | +8.80% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -7.50% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 10.33% | -6.36% |
Volatility
ESIE.L vs. NCLP.L - Volatility Comparison
The current volatility for iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) is 8.04%, while WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) has a volatility of 12.83%. This indicates that ESIE.L experiences smaller price fluctuations and is considered to be less risky 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
| ESIE.L | NCLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 12.83% | -4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 19.14% | 31.80% | -12.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.89% | 45.20% | -22.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.32% | 45.49% | -21.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.59% | 45.49% | -20.90% |
ESIE.L vs. NCLP.L - Expense Ratio Comparison
ESIE.L has a 0.18% expense ratio, which is lower than NCLP.L's 0.45% expense ratio.
Dividends
ESIE.L vs. NCLP.L - Dividend Comparison
Neither ESIE.L nor NCLP.L has paid dividends to shareholders.
Frequently Asked Questions
ESIE.L and NCLP.L have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIE.L is cheaper with a 0.18% expense ratio, compared with 0.45% for NCLP.L.
ESIE.L tracks MSCI World/Energy NR USD, while NCLP.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.18% for ESIE.L and 0.45% for NCLP.L.
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