IMO vs. NLR
IMO (Imperial Oil Limited) is a stock, while NLR (VanEck Uranium and Nuclear ETF) is Alternative Energy Equities fund tracking the MVIS Global Uranium & Nuclear Energy Index. Over the past 10 years, IMO returned 17.61%/yr vs 12.80%/yr for NLR. At a 0.43 correlation, their price movements are largely independent.
Performance
IMO vs. NLR - Performance Comparison
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Returns By Period
In the year-to-date period, IMO achieves a 41.99% return, which is significantly higher than NLR's -1.81% return. Over the past 10 years, IMO has outperformed NLR with an annualized return of 17.61%, while NLR has yielded a comparatively lower 12.80% annualized return.
IMO
- 1D
- 0.26%
- 1M
- -7.42%
- YTD
- 41.99%
- 6M
- 33.35%
- 1Y
- 56.95%
- 3Y*
- 37.72%
- 5Y*
- 32.35%
- 10Y*
- 17.61%
NLR
- 1D
- 0.84%
- 1M
- -10.59%
- YTD
- -1.81%
- 6M
- -3.70%
- 1Y
- 18.72%
- 3Y*
- 29.88%
- 5Y*
- 19.78%
- 10Y*
- 12.80%
IMO vs. NLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMO Imperial Oil Limited | 41.99% | 43.85% | 10.47% | 20.89% | 38.00% | 95.29% | -25.37% | 7.16% | -17.21% | -8.36% |
NLR VanEck Uranium and Nuclear ETF | -1.81% | 56.50% | 14.26% | 36.67% | 2.29% | 13.63% | 3.49% | 0.20% | 4.94% | 8.25% |
Correlation
The correlation between IMO and NLR is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2007 | 0.43 |
Over the past year, the correlation between IMO and NLR has dropped to 0.12 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
IMO vs. NLR — Risk / Return Rank
IMO
NLR
IMO vs. NLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Imperial Oil Limited (IMO) 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.
| IMO | NLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.10 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 0.63 | +2.83 |
| Martin ratioReturn relative to average drawdown | 10.04 | 1.41 | +8.64 |
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Drawdowns
IMO vs. NLR - Drawdown Comparison
The maximum IMO drawdown since its inception was -84.82%, which is greater than NLR's maximum drawdown of -65.05%. Use the drawdown chart below to compare losses from any high point for IMO and NLR.
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Drawdown Indicators
| IMO | NLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -65.05% | -19.77% |
Max Drawdown (1Y)Largest decline over 1 year | -16.51% | -29.72% | +13.21% |
Max Drawdown (3Y)Largest decline over 3 years | -22.95% | -30.48% | +7.53% |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | -30.48% | +0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -76.96% | -34.35% | -42.61% |
Current DrawdownCurrent decline from peak | -11.88% | -25.81% | +13.93% |
Average DrawdownAverage peak-to-trough decline | -21.19% | -35.70% | +14.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 13.33% | -7.64% |
Volatility
IMO vs. NLR - Volatility Comparison
The current volatility for Imperial Oil Limited (IMO) is 9.97%, while VanEck Uranium and Nuclear ETF (NLR) has a volatility of 13.73%. This indicates that IMO 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
| IMO | NLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 13.73% | -3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 22.21% | 33.75% | -11.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.31% | 42.85% | -15.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.66% | 29.56% | +3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.55% | 24.22% | +11.33% |
Dividends
IMO vs. NLR - Dividend Comparison
IMO's dividend yield for the trailing twelve months is around 1.90%, less than NLR's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMO Imperial Oil Limited | 1.90% | 2.40% | 2.84% | 2.73% | 2.30% | 2.28% | 3.50% | 2.41% | 2.36% | 2.02% | 1.70% | 1.66% |
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
IMO and NLR have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NLR has higher volatility (13.73%) compared to IMO (9.97%). In terms of maximum drawdown, IMO dropped -84.82% vs NLR's -65.05%.
IMO currently has the higher Sharpe Ratio (2.10 vs 0.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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