IUSE.L vs. NUKL.DE
IUSE.L (iShares S&P 500 EUR Hedged UCITS ETF Acc) and NUKL.DE (VanEck Uranium and Nuclear Technologies UCITS ETF A) are both exchange-traded funds - IUSE.L is a S&P 500 fund tracking the S&P 500 EUR Hedged Index, 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, IUSE.L returned 16.87%/yr vs 33.29%/yr for NUKL.DE. At a 0.49 correlation, their price movements are largely independent. IUSE.L charges 0.20%/yr vs 0.55%/yr for NUKL.DE.
Performance
IUSE.L vs. NUKL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSE.L achieves a 7.54% return, which is significantly higher than NUKL.DE's -8.46% return.
IUSE.L
- 1D
- -1.30%
- 1M
- -0.21%
- 6M
- 6.68%
- YTD
- 7.54%
- 1Y
- 17.02%
- 3Y*
- 16.87%
- 5Y*
- 10.14%
- 10Y*
- 12.04%
NUKL.DE
- 1D
- 0.00%
- 1M
- -15.49%
- 6M
- -25.07%
- YTD
- -8.46%
- 1Y
- 2.25%
- 3Y*
- 33.29%
- 5Y*
- —
- 10Y*
- —
IUSE.L vs. NUKL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF Acc | 7.54% | 14.95% | 23.21% | 13.10% |
NUKL.DE VanEck Uranium and Nuclear Technologies UCITS ETF A | -8.46% | 51.50% | 38.03% | 15.17% |
Correlation
The correlation between IUSE.L and NUKL.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023 | 0.49 |
The correlation between IUSE.L and NUKL.DE has been stable across timeframes, ranging from 0.49 to 0.59 - a consistent structural relationship.
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Return for Risk
IUSE.L vs. NUKL.DE — Risk / Return Rank
IUSE.L
NUKL.DE
IUSE.L vs. NUKL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) 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.
| IUSE.L | NUKL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.05 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 0.13 | +1.85 |
| Martin ratioReturn relative to average drawdown | 7.93 | 0.27 | +7.66 |
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Drawdowns
IUSE.L vs. NUKL.DE - Drawdown Comparison
The maximum IUSE.L drawdown since its inception was -34.75%, smaller than the maximum NUKL.DE drawdown of -37.52%. Use the drawdown chart below to compare losses from any high point for IUSE.L and NUKL.DE.
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Drawdown Indicators
| IUSE.L | NUKL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.75% | -37.52% | +2.77% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -28.54% | +19.87% |
Max Drawdown (3Y)Largest decline over 3 years | -18.33% | -37.52% | +19.19% |
Max Drawdown (5Y)Largest decline over 5 years | -26.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.75% | — | — |
Current DrawdownCurrent decline from peak | -1.97% | -28.54% | +26.57% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -8.77% | +4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 13.55% | -11.39% |
Volatility
IUSE.L vs. NUKL.DE - Volatility Comparison
The current volatility for iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) is 3.05%, while VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) has a volatility of 8.21%. This indicates that IUSE.L 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
| IUSE.L | NUKL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 8.21% | -5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.34% | 28.78% | -19.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 42.02% | -29.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.07% | 34.53% | -18.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 34.53% | -18.24% |
IUSE.L vs. NUKL.DE - Expense Ratio Comparison
IUSE.L has a 0.20% expense ratio, which is lower than NUKL.DE's 0.55% expense ratio.
Dividends
IUSE.L vs. NUKL.DE - Dividend Comparison
Neither IUSE.L nor NUKL.DE has paid dividends to shareholders.
Frequently Asked Questions
IUSE.L and NUKL.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSE.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSE.L is cheaper with a 0.20% expense ratio, compared with 0.55% for NUKL.DE.
IUSE.L is categorized as S&P 500, while NUKL.DE is Uranium. IUSE.L tracks S&P 500 EUR Hedged Index, while NUKL.DE tracks MarketVector Global Uranium and Nuclear Energy Infrastructure. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.20% for IUSE.L and 0.55% for NUKL.DE.
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