MVOL.L vs. NUKL.DE
MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) and NUKL.DE (VanEck Uranium and Nuclear Technologies UCITS ETF A) are both exchange-traded funds - MVOL.L is a Global Equities fund tracking the MSCI ACWI NR USD, 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, MVOL.L returned 9.17%/yr vs 34.14%/yr for NUKL.DE. At a 0.23 correlation, their price movements are largely independent. MVOL.L charges 0.35%/yr vs 0.55%/yr for NUKL.DE.
Performance
MVOL.L vs. NUKL.DE - Performance Comparison
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Different Trading Currencies
MVOL.L is traded in USD, while NUKL.DE is traded in EUR. To make them comparable, the NUKL.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MVOL.L achieves a 2.60% return, which is significantly higher than NUKL.DE's -10.83% return.
MVOL.L
- 1D
- 0.65%
- 1M
- 3.64%
- 6M
- 2.88%
- YTD
- 2.60%
- 1Y
- 4.44%
- 3Y*
- 9.17%
- 5Y*
- 5.10%
- 10Y*
- 6.83%
NUKL.DE
- 1D
- 0.00%
- 1M
- -15.49%
- 6M
- -26.08%
- YTD
- -10.83%
- 1Y
- 2.25%
- 3Y*
- 34.14%
- 5Y*
- —
- 10Y*
- —
MVOL.L vs. NUKL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 2.60% | 11.02% | 11.08% | 5.37% |
NUKL.DE VanEck Uranium and Nuclear Technologies UCITS ETF A | -10.83% | 71.04% | 30.14% | 17.78% |
Correlation
The correlation between MVOL.L and NUKL.DE is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023 | 0.23 |
The correlation between MVOL.L and NUKL.DE shifts across timeframes, from 0.05 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MVOL.L vs. NUKL.DE — Risk / Return Rank
MVOL.L
NUKL.DE
MVOL.L vs. NUKL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS (MVOL.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.
| MVOL.L | NUKL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.04 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 0.08 | +0.73 |
| Martin ratioReturn relative to average drawdown | 1.76 | 0.16 | +1.60 |
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Drawdowns
MVOL.L vs. NUKL.DE - Drawdown Comparison
The maximum MVOL.L drawdown since its inception was -28.82%, smaller than the maximum NUKL.DE drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for MVOL.L and NUKL.DE.
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Drawdown Indicators
| MVOL.L | NUKL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.82% | -34.33% | +5.51% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -30.01% | +24.23% |
Max Drawdown (3Y)Largest decline over 3 years | -8.15% | -34.33% | +26.18% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.82% | — | — |
Current DrawdownCurrent decline from peak | -2.01% | -30.01% | +28.00% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -8.35% | +5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 13.91% | -11.26% |
Volatility
MVOL.L vs. NUKL.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) is 2.29%, while VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) has a volatility of 8.29%. This indicates that MVOL.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
| MVOL.L | NUKL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 8.29% | -6.00% |
Volatility (6M)Calculated over the trailing 6-month period | 6.07% | 29.67% | -23.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.87% | 42.61% | -34.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.67% | 35.05% | -24.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.62% | 35.05% | -23.43% |
MVOL.L vs. NUKL.DE - Expense Ratio Comparison
MVOL.L has a 0.35% expense ratio, which is lower than NUKL.DE's 0.55% expense ratio.
Dividends
MVOL.L vs. NUKL.DE - Dividend Comparison
Neither MVOL.L nor NUKL.DE has paid dividends to shareholders.
Frequently Asked Questions
MVOL.L and NUKL.DE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVOL.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVOL.L is cheaper with a 0.35% expense ratio, compared with 0.55% for NUKL.DE.
MVOL.L is categorized as Global Equities, while NUKL.DE is Uranium. MVOL.L tracks MSCI ACWI NR USD, while NUKL.DE tracks MarketVector Global Uranium and Nuclear Energy Infrastructure. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.35% for MVOL.L and 0.55% for NUKL.DE.
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