NCLP.L vs. RAYG.L
NCLP.L (WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating) and RAYG.L (Global X Solar UCITS ETF USD Accumulating) are both Energy Equities funds - NCLP.L tracks the WisdomTree Uranium and Nuclear Energy UCITS Index while RAYG.L tracks the S&P Global Clean Energy TR USD. Both are passively managed. Over the past year, NCLP.L returned 78.50% vs 84.67% for RAYG.L. At a 0.34 correlation, their price movements are largely independent. NCLP.L charges 0.45%/yr vs 0.50%/yr for RAYG.L.
Performance
NCLP.L vs. RAYG.L - Performance Comparison
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Different Trading Currencies
NCLP.L is traded in GBp, while RAYG.L is traded in GBP. To make them comparable, the RAYG.L 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 17.09% return, which is significantly lower than RAYG.L's 21.50% return.
NCLP.L
- 1D
- -0.28%
- 1M
- -8.79%
- YTD
- 17.09%
- 6M
- 10.83%
- 1Y
- 78.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RAYG.L
- 1D
- -2.44%
- 1M
- 4.77%
- YTD
- 21.50%
- 6M
- 25.77%
- 1Y
- 84.67%
- 3Y*
- -4.78%
- 5Y*
- —
- 10Y*
- —
NCLP.L vs. RAYG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating | 17.09% | 94.52% |
RAYG.L Global X Solar UCITS ETF USD Accumulating | 21.50% | 37.23% |
Correlation
The correlation between NCLP.L and RAYG.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.34 |
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Return for Risk
NCLP.L vs. RAYG.L — Risk / Return Rank
NCLP.L
RAYG.L
NCLP.L vs. RAYG.L - 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 Global X Solar UCITS ETF USD Accumulating (RAYG.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.
| NCLP.L | RAYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.41 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 5.82 | -2.92 |
| Martin ratioReturn relative to average drawdown | 7.54 | 14.72 | -7.18 |
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
| NCLP.L | RAYG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 2.69 | -0.96 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.11 | -0.11 | +2.22 |
Drawdowns
NCLP.L vs. RAYG.L - Drawdown Comparison
The maximum NCLP.L drawdown since its inception was -26.96%, smaller than the maximum RAYG.L drawdown of -71.14%. Use the drawdown chart below to compare losses from any high point for NCLP.L and RAYG.L.
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Drawdown Indicators
| NCLP.L | RAYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.96% | -71.14% | +44.18% |
Max Drawdown (1Y)Largest decline over 1 year | -26.96% | -14.48% | -12.48% |
Max Drawdown (3Y)Largest decline over 3 years | — | -58.12% | — |
Current DrawdownCurrent decline from peak | -15.07% | -42.21% | +27.14% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -42.80% | +35.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.38% | 5.73% | +4.65% |
Volatility
NCLP.L vs. RAYG.L - Volatility Comparison
WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) has a higher volatility of 12.79% compared to Global X Solar UCITS ETF USD Accumulating (RAYG.L) at 8.58%. This indicates that NCLP.L's price experiences larger fluctuations and is considered to be riskier than RAYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCLP.L | RAYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.79% | 8.58% | +4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 31.79% | 21.55% | +10.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.11% | 31.33% | +13.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.42% | 32.59% | +12.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.42% | 32.59% | +12.83% |
NCLP.L vs. RAYG.L - Expense Ratio Comparison
NCLP.L has a 0.45% expense ratio, which is lower than RAYG.L's 0.50% expense ratio.
Dividends
NCLP.L vs. RAYG.L - Dividend Comparison
Neither NCLP.L nor RAYG.L has paid dividends to shareholders.
Frequently Asked Questions
NCLP.L and RAYG.L have a correlation of 0.33, 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 0.50% for RAYG.L.
NCLP.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index, while RAYG.L tracks S&P Global Clean Energy TR USD. They also come from different issuers: WisdomTree and Global X. Their fees differ too: 0.45% for NCLP.L and 0.50% for RAYG.L.
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