NCLP.L vs. URND.L

Last updated Jun 26, 2026

NCLP.L (WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating) and URND.L (Global X Uranium UCITS ETF USD Distributing) are both Uranium funds - NCLP.L tracks the WisdomTree Uranium and Nuclear Energy UCITS Index while URND.L tracks the Solactive Global Uranium & Nuclear Components. Both are passively managed. Over the past year, NCLP.L returned 47.02% vs 30.02% for URND.L. Their correlation of 0.92 suggests significant overlap in exposure. NCLP.L charges 0.45%/yr vs 0.65%/yr for URND.L.

Performance

NCLP.L vs. URND.L - 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 Global X Uranium UCITS ETF USD Distributing (URND.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NCLP.L is traded in GBp, while URND.L is traded in USD. To make them comparable, the URND.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 10.42% return, which is significantly higher than URND.L's 6.36% return.

NCLP.L

• 1D: 0.00%
• 1M: -7.48%
• YTD: 10.42%
• 6M: 7.15%
• 1Y: 47.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

URND.L

• 1D: -3.18%
• 1M: -11.62%
• YTD: 6.36%
• 6M: 2.76%
• 1Y: 30.02%
• 3Y*: 30.11%
• 5Y*: —
• 10Y*: —

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

NCLP.L vs. URND.L - Yearly Performance Comparison

	2026 (YTD)	2025
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating	10.42%	56.86%
URND.L Global X Uranium UCITS ETF USD Distributing	6.36%	77.11%

Correlation

The correlation between NCLP.L and URND.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025	0.92

The correlation between NCLP.L and URND.L has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

Return for Risk

NCLP.L vs. URND.L — 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: 26
NCLP.L Sharpe Ratio Rank: 22
NCLP.L Sortino Ratio Rank: 28
NCLP.L Omega Ratio Rank: 33
NCLP.L Calmar Ratio Rank: 26
NCLP.L Martin Ratio Rank: 22

URND.L

URND.L Risk / Return Rank: 19
URND.L Sharpe Ratio Rank: 17
URND.L Sortino Ratio Rank: 20
URND.L Omega Ratio Rank: 19
URND.L Calmar Ratio Rank: 20
URND.L Martin Ratio Rank: 18

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. URND.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 Uranium UCITS ETF USD Distributing (URND.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.

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.

	NCLP.L	URND.L	Difference
Sharpe ratio: Return per unit of total volatility	0.74	0.60	+0.14
Sortino ratio: Return per unit of downside risk	1.43	1.14	+0.29
Omega ratio: Gain probability vs. loss probability	1.21	1.14	+0.07
Calmar ratio: Return relative to maximum drawdown	1.20	0.98	+0.22
Martin ratio: Return relative to average drawdown	2.50	2.16	+0.33

NCLP.L vs. URND.L - Sharpe Ratio Comparison

The current NCLP.L Sharpe Ratio is 0.74, which is comparable to the URND.L Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of NCLP.L and URND.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NCLP.L vs. URND.L - Drawdown Comparison

The maximum NCLP.L drawdown since its inception was -39.10%, roughly equal to the maximum URND.L drawdown of -40.42%. Use the drawdown chart below to compare losses from any high point for NCLP.L and URND.L.

Drawdown Indicators

	NCLP.L	URND.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.10%	-40.42%	+1.32%
Max Drawdown (1Y) Largest decline over 1 year	-39.10%	-30.46%	-8.64%
Max Drawdown (3Y) Largest decline over 3 years	—	-40.42%	—
Current Drawdown Current decline from peak	-26.24%	-23.26%	-2.98%
Average Drawdown Average peak-to-trough decline	-14.72%	-12.83%	-1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.83%	13.85%	+4.98%

Volatility

NCLP.L vs. URND.L - Volatility Comparison

The current volatility for WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) is 13.00%, while Global X Uranium UCITS ETF USD Distributing (URND.L) has a volatility of 14.45%. This indicates that NCLP.L experiences smaller price fluctuations and is considered to be less risky than URND.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NCLP.L	URND.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.00%	14.45%	-1.45%
Volatility (6M) Calculated over the trailing 6-month period	32.56%	34.10%	-1.54%
Volatility (1Y) Calculated over the trailing 1-year period	63.44%	49.90%	+13.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.45%	40.12%	+22.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.45%	40.12%	+22.33%

NCLP.L vs. URND.L - Expense Ratio Comparison

NCLP.L has a 0.45% expense ratio, which is lower than URND.L's 0.65% expense ratio.

Dividends

NCLP.L vs. URND.L - Dividend Comparison

NCLP.L has not paid dividends to shareholders, while URND.L's dividend yield for the trailing twelve months is around 0.14%.

Position	TTM	2025	2024	2023	2022
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%
URND.L Global X Uranium UCITS ETF USD Distributing	0.14%	0.00%	0.93%	0.00%	0.02%

Frequently Asked Questions

Can I hold both NCLP.L and URND.L in my portfolio?

With a correlation of 0.93, NCLP.L and URND.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, NCLP.L or URND.L?

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.

Which ETF is cheaper, NCLP.L or URND.L?

NCLP.L is cheaper with a 0.45% expense ratio, compared with 0.65% for URND.L.

What is the main difference between NCLP.L and URND.L?

NCLP.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index, while URND.L tracks Solactive Global Uranium & Nuclear Components. They also come from different issuers: WisdomTree and Global X. Their fees differ too: 0.45% for NCLP.L and 0.65% for URND.L.