NCLP.L vs. GC=F

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) and Gold (GC=F).

NCLP.L is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Uranium and Nuclear Energy UCITS Index. It was launched on Mar 5, 2025.

Performance

NCLP.L vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) and Gold (GC=F). The values are adjusted to include any dividend payments, if applicable.

NCLP.L vs. GC=F - Yearly Performance Comparison

	2026 (YTD)	2025
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating	16.41%	94.52%
GC=F Gold	10.71%	41.60%

Different Trading Currencies

NCLP.L is traded in GBp, while GC=F is traded in USD. To make them comparable, the GC=F values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, NCLP.L achieves a 16.41% return, which is significantly higher than GC=F's 10.71% return.

NCLP.L

• 1D: -0.12%
• 1M: -12.74%
• YTD: 16.41%
• 6M: 11.87%
• 1Y: 142.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GC=F

• 1D: 3.53%
• 1M: -8.38%
• YTD: 10.71%
• 6M: 24.45%
• 1Y: 47.03%
• 3Y*: 30.58%
• 5Y*: 23.28%
• 10Y*: 15.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NCLP.L vs. GC=F — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NCLP.L

NCLP.L Risk / Return Rank: 96
NCLP.L Sharpe Ratio Rank: 97
NCLP.L Sortino Ratio Rank: 96
NCLP.L Omega Ratio Rank: 93
NCLP.L Calmar Ratio Rank: 97
NCLP.L Martin Ratio Rank: 94

GC=F

GC=F Risk / Return Rank: 93
GC=F Sharpe Ratio Rank: 100
GC=F Sortino Ratio Rank: 100
GC=F Omega Ratio Rank: 100
GC=F Calmar Ratio Rank: 73
GC=F Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NCLP.L vs. GC=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) and Gold (GC=F). 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.

	NCLP.L	GC=F	Difference
Sharpe ratio Return per unit of total volatility	3.07	1.72	+1.35
Sortino ratio Return per unit of downside risk	3.42	2.12	+1.30
Omega ratio Gain probability vs. loss probability	1.43	1.34	+0.10
Calmar ratio Return relative to maximum drawdown	5.13	2.71	+2.42
Martin ratio Return relative to average drawdown	14.67	10.60	+4.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NCLP.L vs. GC=F - Sharpe Ratio Comparison

The current NCLP.L Sharpe Ratio is 3.07, which is higher than the GC=F Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of NCLP.L and GC=F, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NCLP.L	GC=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.07	1.72	+1.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.34	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.56	0.69	+1.86

Correlation

The correlation between NCLP.L and GC=F is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

NCLP.L vs. GC=F - Drawdown Comparison

The maximum NCLP.L drawdown since its inception was -26.96%, smaller than the maximum GC=F drawdown of -40.62%. Use the drawdown chart below to compare losses from any high point for NCLP.L and GC=F.

Drawdown Indicators

	NCLP.L	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-26.96%	-44.36%	+17.40%
Max Drawdown (1Y) Largest decline over 1 year	-26.96%	-17.73%	-9.23%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-20.87%	—
Current Drawdown Current decline from peak	-15.57%	-11.64%	-3.93%
Average Drawdown Average peak-to-trough decline	-7.09%	-13.03%	+5.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.43%	4.73%	+4.70%

Volatility

NCLP.L vs. GC=F - Volatility Comparison

WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) has a higher volatility of 14.32% compared to Gold (GC=F) at 12.50%. This indicates that NCLP.L's price experiences larger fluctuations and is considered to be riskier than GC=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NCLP.L	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.32%	12.50%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	35.88%	24.23%	+11.65%
Volatility (1Y) Calculated over the trailing 1-year period	46.22%	26.41%	+19.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.84%	17.25%	+28.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.84%	17.07%	+28.77%