NCLP.L vs. WENS.L
NCLP.L (WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating) and WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) are both Energy Equities funds - NCLP.L tracks the WisdomTree Uranium and Nuclear Energy UCITS Index while WENS.L tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past year, NCLP.L returned 78.50% vs 44.00% for WENS.L. At a 0.04 correlation, their price movements are largely independent. NCLP.L charges 0.45%/yr vs 0.25%/yr for WENS.L.
Performance
NCLP.L vs. WENS.L - Performance Comparison
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Different Trading Currencies
NCLP.L is traded in GBp, while WENS.L is traded in GBP. To make them comparable, the WENS.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 WENS.L's 31.38% return.
NCLP.L
- 1D
- -0.28%
- 1M
- -8.79%
- YTD
- 17.09%
- 6M
- 10.83%
- 1Y
- 78.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WENS.L
- 1D
- -0.43%
- 1M
- -0.63%
- YTD
- 31.38%
- 6M
- 26.68%
- 1Y
- 44.00%
- 3Y*
- 13.87%
- 5Y*
- —
- 10Y*
- —
NCLP.L vs. WENS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating | 17.09% | 94.52% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 31.38% | 2.70% |
Correlation
The correlation between NCLP.L and WENS.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.04 |
The correlation between NCLP.L and WENS.L shifts across timeframes, from -0.07 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NCLP.L vs. WENS.L — Risk / Return Rank
NCLP.L
WENS.L
NCLP.L vs. WENS.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 iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.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 | WENS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 2.99 | -0.10 |
| Martin ratioReturn relative to average drawdown | 7.54 | 9.66 | -2.12 |
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 | WENS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 2.06 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.11 | 0.59 | +1.52 |
Drawdowns
NCLP.L vs. WENS.L - Drawdown Comparison
The maximum NCLP.L drawdown since its inception was -26.96%, which is greater than WENS.L's maximum drawdown of -22.49%. Use the drawdown chart below to compare losses from any high point for NCLP.L and WENS.L.
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Drawdown Indicators
| NCLP.L | WENS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.96% | -22.49% | -4.47% |
Max Drawdown (1Y)Largest decline over 1 year | -26.96% | -14.63% | -12.33% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.49% | — |
Current DrawdownCurrent decline from peak | -15.07% | -7.62% | -7.45% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -9.15% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.38% | 4.54% | +5.84% |
Volatility
NCLP.L vs. WENS.L - Volatility Comparison
WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) has a higher volatility of 12.79% compared to iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) at 7.96%. This indicates that NCLP.L's price experiences larger fluctuations and is considered to be riskier than WENS.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 | WENS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.79% | 7.96% | +4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 31.79% | 18.19% | +13.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.11% | 21.33% | +23.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.42% | 21.49% | +23.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.42% | 21.49% | +23.93% |
NCLP.L vs. WENS.L - Expense Ratio Comparison
NCLP.L has a 0.45% expense ratio, which is higher than WENS.L's 0.25% expense ratio.
Dividends
NCLP.L vs. WENS.L - Dividend Comparison
Neither NCLP.L nor WENS.L has paid dividends to shareholders.
| 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% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 0.00% | 0.00% | 1.75% | 3.61% | 1.77% |
Frequently Asked Questions
NCLP.L and WENS.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WENS.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WENS.L is cheaper with a 0.25% expense ratio, compared with 0.45% for NCLP.L.
NCLP.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index, while WENS.L tracks MSCI World/Energy NR USD. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for NCLP.L and 0.25% for WENS.L.
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