INRA.AS vs. NLR
INRA.AS (iShares Global Clean Energy Transition UCITS ETF USD Accumulating) and NLR (VanEck Uranium and Nuclear ETF) are both exchange-traded funds - INRA.AS is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Transition, while NLR is a Uranium fund tracking the MVIS Global Uranium & Nuclear Energy Index. Both are passively managed. Over the past 3 years, INRA.AS returned 0.65%/yr vs 23.28%/yr for NLR. At a 0.35 correlation, their price movements are largely independent. INRA.AS charges 0.65%/yr vs 0.56%/yr for NLR.
Performance
INRA.AS vs. NLR - Performance Comparison
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Returns By Period
In the year-to-date period, INRA.AS achieves a 13.26% return, which is significantly higher than NLR's -15.72% return.
INRA.AS
- 1D
- -2.30%
- 1M
- -11.66%
- 6M
- 5.85%
- YTD
- 13.26%
- 1Y
- 40.07%
- 3Y*
- 0.65%
- 5Y*
- —
- 10Y*
- —
NLR
- 1D
- -4.31%
- 1M
- -16.00%
- 6M
- -27.85%
- YTD
- -15.72%
- 1Y
- -6.24%
- 3Y*
- 23.28%
- 5Y*
- 17.50%
- 10Y*
- 10.63%
INRA.AS vs. NLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
INRA.AS iShares Global Clean Energy Transition UCITS ETF USD Accumulating | 13.26% | 45.54% | -25.66% | -20.50% | 28.36% |
NLR VanEck Uranium and Nuclear ETF | -15.72% | 56.50% | 14.26% | 36.67% | 6.92% |
Correlation
The correlation between INRA.AS and NLR is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2022 | 0.35 |
The correlation between INRA.AS and NLR shifts across timeframes, from 0.32 (3 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
INRA.AS vs. NLR — Risk / Return Rank
INRA.AS
NLR
INRA.AS vs. NLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy Transition UCITS ETF USD Accumulating (INRA.AS) 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.
| INRA.AS | NLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.01 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | -0.17 | +2.10 |
| Martin ratioReturn relative to average drawdown | 6.54 | -0.39 | +6.94 |
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Drawdowns
INRA.AS vs. NLR - Drawdown Comparison
The maximum INRA.AS drawdown since its inception was -54.27%, smaller than the maximum NLR drawdown of -65.05%. Use the drawdown chart below to compare losses from any high point for INRA.AS and NLR.
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Drawdown Indicators
| INRA.AS | NLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.27% | -65.05% | +10.78% |
Max Drawdown (1Y)Largest decline over 1 year | -20.51% | -36.32% | +15.81% |
Max Drawdown (3Y)Largest decline over 3 years | -43.77% | -36.32% | -7.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.32% | — |
Current DrawdownCurrent decline from peak | -20.51% | -36.32% | +15.81% |
Average DrawdownAverage peak-to-trough decline | -28.41% | -35.67% | +7.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.08% | 15.87% | -9.79% |
Volatility
INRA.AS vs. NLR - Volatility Comparison
iShares Global Clean Energy Transition UCITS ETF USD Accumulating (INRA.AS) has a higher volatility of 11.07% compared to VanEck Uranium and Nuclear ETF (NLR) at 9.39%. This indicates that INRA.AS's price experiences larger fluctuations and is considered to be riskier 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
| INRA.AS | NLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.07% | 9.39% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 22.91% | 32.73% | -9.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.99% | 43.21% | -15.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.19% | 29.90% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.19% | 24.42% | +4.77% |
INRA.AS vs. NLR - Expense Ratio Comparison
INRA.AS has a 0.65% expense ratio, which is higher than NLR's 0.56% expense ratio.
Dividends
INRA.AS vs. NLR - Dividend Comparison
INRA.AS has not paid dividends to shareholders, while NLR's dividend yield for the trailing twelve months is around 3.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INRA.AS iShares Global Clean Energy Transition UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NLR VanEck Uranium and Nuclear ETF | 3.02% | 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
INRA.AS and NLR have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NLR is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NLR is cheaper with a 0.56% expense ratio, compared with 0.65% for INRA.AS.
INRA.AS is categorized as Alternative Energy Equities, while NLR is Uranium. INRA.AS tracks S&P Global Clean Energy Transition, while NLR tracks MVIS Global Uranium & Nuclear Energy Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.65% for INRA.AS and 0.56% for NLR.
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