NCLP.L vs. URNU.L
NCLP.L (WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating) and URNU.L (Global X Uranium UCITS ETF USD Acc) are both Uranium funds - NCLP.L tracks the WisdomTree Uranium and Nuclear Energy UCITS Index while URNU.L tracks the Solactive Global Uranium & Nuclear Components Total Return v2 Index. Both are passively managed. Over the past year, NCLP.L returned 47.02% vs 25.78% for URNU.L. Their correlation of 0.93 suggests significant overlap in exposure. NCLP.L charges 0.45%/yr vs 0.65%/yr for URNU.L.
Performance
NCLP.L vs. URNU.L - Performance Comparison
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Different Trading Currencies
NCLP.L is traded in GBp, while URNU.L is traded in USD. To make them comparable, the URNU.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 URNU.L's 4.16% return.
NCLP.L
- 1D
- 0.00%
- 1M
- -7.48%
- YTD
- 10.42%
- 6M
- 7.15%
- 1Y
- 47.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
URNU.L
- 1D
- -2.60%
- 1M
- -13.60%
- YTD
- 4.16%
- 6M
- -0.06%
- 1Y
- 25.78%
- 3Y*
- 31.72%
- 5Y*
- —
- 10Y*
- —
NCLP.L vs. URNU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating | 10.42% | 56.86% |
URNU.L Global X Uranium UCITS ETF USD Acc | 4.16% | 84.79% |
Correlation
The correlation between NCLP.L and URNU.L is 0.94, 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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025 | 0.93 |
The correlation between NCLP.L and URNU.L has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
NCLP.L vs. URNU.L — Risk / Return Rank
NCLP.L
URNU.L
NCLP.L vs. URNU.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 Acc (URNU.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 | URNU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.12 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 0.81 | +0.39 |
| Martin ratioReturn relative to average drawdown | 2.50 | 1.87 | +0.63 |
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Drawdowns
NCLP.L vs. URNU.L - Drawdown Comparison
The maximum NCLP.L drawdown since its inception was -39.10%, roughly equal to the maximum URNU.L drawdown of -39.27%. Use the drawdown chart below to compare losses from any high point for NCLP.L and URNU.L.
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Drawdown Indicators
| NCLP.L | URNU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.10% | -39.27% | +0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -39.10% | -31.57% | -7.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -39.27% | — |
Current DrawdownCurrent decline from peak | -26.24% | -24.49% | -1.75% |
Average DrawdownAverage peak-to-trough decline | -14.72% | -12.48% | -2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.83% | 13.75% | +5.08% |
Volatility
NCLP.L vs. URNU.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 Acc (URNU.L) has a volatility of 14.63%. This indicates that NCLP.L experiences smaller price fluctuations and is considered to be less risky than URNU.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 | URNU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.00% | 14.63% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 32.56% | 35.25% | -2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.44% | 49.79% | +13.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.45% | 40.31% | +22.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.45% | 40.31% | +22.14% |
NCLP.L vs. URNU.L - Expense Ratio Comparison
NCLP.L has a 0.45% expense ratio, which is lower than URNU.L's 0.65% expense ratio.
Dividends
NCLP.L vs. URNU.L - Dividend Comparison
Neither NCLP.L nor URNU.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, NCLP.L and URNU.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.
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 0.65% for URNU.L.
NCLP.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index, while URNU.L tracks Solactive Global Uranium & Nuclear Components Total Return v2 Index. They also come from different issuers: WisdomTree and Global X. Their fees differ too: 0.45% for NCLP.L and 0.65% for URNU.L.
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