INRG.L vs. NCLP.L
INRG.L (iShares Global Clean Energy UCITS ETF USD (Dist)) and NCLP.L (WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating) are both Energy Equities funds - INRG.L tracks the S&P Global Clean Energy TR USD while NCLP.L tracks the WisdomTree Uranium and Nuclear Energy UCITS Index. Both are passively managed. Over the past year, INRG.L returned 82.63% vs 78.50% for NCLP.L. At a 0.48 correlation, their price movements are largely independent. INRG.L charges 0.65%/yr vs 0.45%/yr for NCLP.L.
Performance
INRG.L vs. NCLP.L - Performance Comparison
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Returns By Period
In the year-to-date period, INRG.L achieves a 39.09% return, which is significantly higher than NCLP.L's 17.09% return.
INRG.L
- 1D
- -2.01%
- 1M
- 8.39%
- YTD
- 39.09%
- 6M
- 35.51%
- 1Y
- 82.63%
- 3Y*
- 5.64%
- 5Y*
- 2.72%
- 10Y*
- 12.64%
NCLP.L
- 1D
- -0.28%
- 1M
- -8.79%
- YTD
- 17.09%
- 6M
- 10.83%
- 1Y
- 78.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INRG.L vs. NCLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
INRG.L iShares Global Clean Energy UCITS ETF USD (Dist) | 39.09% | 40.44% |
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating | 17.09% | 94.52% |
Correlation
The correlation between INRG.L and NCLP.L is 0.50, 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 | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.48 |
The correlation between INRG.L and NCLP.L has been stable across timeframes, ranging from 0.48 to 0.50 - a consistent structural relationship.
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Return for Risk
INRG.L vs. NCLP.L — Risk / Return Rank
INRG.L
NCLP.L
INRG.L vs. NCLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy UCITS ETF USD (Dist) (INRG.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.
| INRG.L | NCLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.28 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 6.64 | 2.90 | +3.74 |
| Martin ratioReturn relative to average drawdown | 19.87 | 7.54 | +12.32 |
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
| INRG.L | NCLP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.42 | 1.73 | +1.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 2.11 | -2.09 |
Drawdowns
INRG.L vs. NCLP.L - Drawdown Comparison
The maximum INRG.L drawdown since its inception was -85.09%, which is greater than NCLP.L's maximum drawdown of -26.96%. Use the drawdown chart below to compare losses from any high point for INRG.L and NCLP.L.
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Drawdown Indicators
| INRG.L | NCLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.09% | -26.96% | -58.13% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -26.96% | +14.58% |
Max Drawdown (3Y)Largest decline over 3 years | -44.29% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -57.38% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -65.47% | — | — |
Current DrawdownCurrent decline from peak | -27.35% | -15.07% | -12.28% |
Average DrawdownAverage peak-to-trough decline | -56.54% | -7.53% | -49.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 10.38% | -6.23% |
Volatility
INRG.L vs. NCLP.L - Volatility Comparison
The current volatility for iShares Global Clean Energy UCITS ETF USD (Dist) (INRG.L) is 9.58%, while WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) has a volatility of 12.79%. This indicates that INRG.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
| INRG.L | NCLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.58% | 12.79% | -3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 31.79% | -14.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.04% | 45.11% | -21.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.80% | 45.42% | -20.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.33% | 45.42% | -20.09% |
INRG.L vs. NCLP.L - Expense Ratio Comparison
INRG.L has a 0.65% expense ratio, which is higher than NCLP.L's 0.45% expense ratio.
Dividends
INRG.L vs. NCLP.L - Dividend Comparison
INRG.L's dividend yield for the trailing twelve months is around 1.09%, while NCLP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INRG.L iShares Global Clean Energy UCITS ETF USD (Dist) | 1.09% | 1.77% | 1.58% | 1.00% | 0.62% | 1.01% | 0.61% | 2.05% | 3.68% | 3.69% | 3.65% | 3.90% |
NCLP.L WisdomTree Uranium and Nuclear Energy 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% |
Frequently Asked Questions
INRG.L and NCLP.L 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, 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 0.65% for INRG.L.
INRG.L tracks S&P Global Clean Energy TR 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: 0.65% for INRG.L and 0.45% for NCLP.L.
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