NCLP.L vs. WDEE.L

Last updated Jun 5, 2026

NCLP.L (WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating) and WDEE.L (Invesco S&P World Energy Targeted & Screened UCITS ETF Acc) are both Energy Equities funds - NCLP.L tracks the WisdomTree Uranium and Nuclear Energy UCITS Index while WDEE.L tracks the S&P World Energy Targeted & Screened Index. Both are passively managed. Over the past year, NCLP.L returned 78.50% vs 40.90% for WDEE.L. At a 0.02 correlation, their price movements are largely independent. NCLP.L charges 0.45%/yr vs 0.18%/yr for WDEE.L.

Performance

NCLP.L vs. WDEE.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 Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NCLP.L is traded in GBp, while WDEE.L is traded in USD. To make them comparable, the WDEE.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 WDEE.L's 30.50% return.

NCLP.L

• 1D: -0.28%
• 1M: -8.79%
• YTD: 17.09%
• 6M: 10.83%
• 1Y: 78.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WDEE.L

• 1D: -0.74%
• 1M: -1.16%
• YTD: 30.50%
• 6M: 26.32%
• 1Y: 40.90%
• 3Y*: 15.96%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating	17.09%	94.52%
WDEE.L Invesco S&P World Energy Targeted & Screened UCITS ETF Acc	30.50%	1.19%

Correlation

The correlation between NCLP.L and WDEE.L is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025	0.02

The correlation between NCLP.L and WDEE.L shifts across timeframes, from -0.11 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NCLP.L vs. WDEE.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: 50
NCLP.L Sharpe Ratio Rank: 51
NCLP.L Sortino Ratio Rank: 47
NCLP.L Omega Ratio Rank: 44
NCLP.L Calmar Ratio Rank: 59
NCLP.L Martin Ratio Rank: 47

WDEE.L

WDEE.L Risk / Return Rank: 66
WDEE.L Sharpe Ratio Rank: 65
WDEE.L Sortino Ratio Rank: 60
WDEE.L Omega Ratio Rank: 60
WDEE.L Calmar Ratio Rank: 80
WDEE.L Martin Ratio Rank: 67

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. WDEE.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 Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.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	WDEE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.09	-0.36
Sortino ratio: Return per unit of downside risk	2.29	2.66	-0.37
Omega ratio: Gain probability vs. loss probability	1.28	1.36	-0.08
Calmar ratio: Return relative to maximum drawdown	2.90	3.43	-0.54
Martin ratio: Return relative to average drawdown	7.54	10.75	-3.21
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. WDEE.L - Sharpe Ratio Comparison

The current NCLP.L Sharpe Ratio is 1.73, which is comparable to the WDEE.L Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of NCLP.L and WDEE.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.

Sharpe Ratios by Period

	NCLP.L	WDEE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	2.09	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	0.67	+1.44

Drawdowns

NCLP.L vs. WDEE.L - Drawdown Comparison

The maximum NCLP.L drawdown since its inception was -26.96%, which is greater than WDEE.L's maximum drawdown of -21.91%. Use the drawdown chart below to compare losses from any high point for NCLP.L and WDEE.L.

Drawdown Indicators

	NCLP.L	WDEE.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.96%	-21.91%	-5.05%
Max Drawdown (1Y) Largest decline over 1 year	-26.96%	-11.86%	-15.10%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.91%	—
Current Drawdown Current decline from peak	-15.07%	-5.47%	-9.60%
Average Drawdown Average peak-to-trough decline	-7.53%	-7.26%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.38%	3.79%	+6.59%

Volatility

NCLP.L vs. WDEE.L - Volatility Comparison

WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) has a higher volatility of 12.79% compared to Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L) at 7.32%. This indicates that NCLP.L's price experiences larger fluctuations and is considered to be riskier than WDEE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NCLP.L	WDEE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.79%	7.32%	+5.47%
Volatility (6M) Calculated over the trailing 6-month period	31.79%	15.99%	+15.80%
Volatility (1Y) Calculated over the trailing 1-year period	45.11%	19.54%	+25.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.42%	19.34%	+26.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.42%	19.34%	+26.08%

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

NCLP.L has a 0.45% expense ratio, which is higher than WDEE.L's 0.18% expense ratio.

Dividends

NCLP.L vs. WDEE.L - Dividend Comparison

Neither NCLP.L nor WDEE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

NCLP.L and WDEE.L have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, WDEE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

WDEE.L is cheaper with a 0.18% expense ratio, compared with 0.45% for NCLP.L.

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

NCLP.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index, while WDEE.L tracks S&P World Energy Targeted & Screened Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.45% for NCLP.L and 0.18% for WDEE.L.