NCLP.L vs. WDEF.L
Compare and contrast key facts about WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) and WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.L).
NCLP.L and WDEF.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. WDEF.L is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Defence UCITS Index. It was launched on Mar 4, 2025. Both NCLP.L and WDEF.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
NCLP.L vs. WDEF.L - Performance Comparison
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NCLP.L vs. WDEF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating | 16.41% | 94.52% |
WDEF.L WisdomTree Europe Defence UCITS ETF - EUR Acc EUR | 14.27% | 20.62% |
Different Trading Currencies
NCLP.L is traded in GBp, while WDEF.L is traded in EUR. To make them comparable, the WDEF.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 16.41% return, which is significantly higher than WDEF.L's 7.27% return.
NCLP.L
- 1D
- -0.12%
- 1M
- -12.74%
- YTD
- 16.41%
- 6M
- 11.87%
- 1Y
- 142.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WDEF.L
- 1D
- 0.00%
- 1M
- 17.37%
- YTD
- 7.27%
- 6M
- -4.28%
- 1Y
- 26.76%
- 3Y*
- 11.56%
- 5Y*
- 8.81%
- 10Y*
- —
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NCLP.L vs. WDEF.L - Expense Ratio Comparison
NCLP.L has a 0.45% expense ratio, which is higher than WDEF.L's 0.40% expense ratio.
Return for Risk
NCLP.L vs. WDEF.L — Risk / Return Rank
NCLP.L
WDEF.L
NCLP.L vs. WDEF.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 WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.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 | WDEF.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.07 | 0.35 | +2.72 |
Sortino ratioReturn per unit of downside risk | 3.42 | 1.11 | +2.30 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.20 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 5.13 | 1.57 | +3.56 |
Martin ratioReturn relative to average drawdown | 14.67 | 5.33 | +9.34 |
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 | WDEF.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.07 | 0.35 | +2.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.56 | 0.38 | +2.17 |
Correlation
The correlation between NCLP.L and WDEF.L is 0.32, 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.
Dividends
NCLP.L vs. WDEF.L - Dividend Comparison
Neither NCLP.L nor WDEF.L has paid dividends to shareholders.
Drawdowns
NCLP.L vs. WDEF.L - Drawdown Comparison
The maximum NCLP.L drawdown since its inception was -26.96%, roughly equal to the maximum WDEF.L drawdown of -27.89%. Use the drawdown chart below to compare losses from any high point for NCLP.L and WDEF.L.
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Drawdown Indicators
| NCLP.L | WDEF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.96% | -35.48% | +8.52% |
Max Drawdown (1Y)Largest decline over 1 year | -26.96% | -25.81% | -1.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.24% | — |
Current DrawdownCurrent decline from peak | -15.57% | -3.95% | -11.62% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -8.24% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.43% | 8.18% | +1.25% |
Volatility
NCLP.L vs. WDEF.L - Volatility Comparison
The current volatility for WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) is 14.32%, while WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.L) has a volatility of 47.26%. This indicates that NCLP.L experiences smaller price fluctuations and is considered to be less risky than WDEF.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 | WDEF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.32% | 47.26% | -32.94% |
Volatility (6M)Calculated over the trailing 6-month period | 35.88% | 69.04% | -33.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.22% | 75.09% | -28.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.84% | 42.79% | +3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.84% | 41.61% | +4.23% |