NCLR.L vs. DFND.AS

Last updated Jun 14, 2026

NCLR.L (WisdomTree Uranium and Nuclear Energy UCITS ETF) and DFND.AS (iShares Global Aerospace & Defence UCITS ETF) are both exchange-traded funds - NCLR.L is a Uranium fund tracking the WisdomTree Uranium and Nuclear Energy UCITS Index, while DFND.AS is a Industrials Equities fund tracking the S&P Developed BMI Select Aerospace & Defense 35/20 Capped Index NR. Both are passively managed. NCLR.L charges 0.45%/yr vs 0.35%/yr for DFND.AS.

Performance

NCLR.L vs. DFND.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Uranium and Nuclear Energy UCITS ETF (NCLR.L) and iShares Global Aerospace & Defence UCITS ETF (DFND.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NCLR.L is traded in GBp, while DFND.AS is traded in USD. To make them comparable, the DFND.AS values have been converted to GBp using the latest available exchange rates.

Returns By Period

NCLR.L

• 1D: 0.00%
• 1M: -16.24%
• YTD: 2.39%
• 6M: 2.87%
• 1Y: 44.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFND.AS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NCLR.L vs. DFND.AS - Yearly Performance Comparison

	2026 (YTD)	2025
NCLR.L WisdomTree Uranium and Nuclear Energy UCITS ETF	2.39%	112.38%
DFND.AS iShares Global Aerospace & Defence UCITS ETF	0.00%	0.00%

Return for Risk

NCLR.L vs. DFND.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NCLR.L

NCLR.L Risk / Return Rank: 31
NCLR.L Sharpe Ratio Rank: 29
NCLR.L Sortino Ratio Rank: 31
NCLR.L Omega Ratio Rank: 30
NCLR.L Calmar Ratio Rank: 35
NCLR.L Martin Ratio Rank: 29

DFND.AS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

NCLR.L vs. DFND.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Uranium and Nuclear Energy UCITS ETF (NCLR.L) and iShares Global Aerospace & Defence UCITS ETF (DFND.AS). 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.

	NCLR.L	DFND.AS	Difference
Sharpe ratio: Return per unit of total volatility	0.94	—	—
Sortino ratio: Return per unit of downside risk	1.51	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.54	—	—
Martin ratio: Return relative to average drawdown	3.66	—	—

Drawdowns

Drawdown Indicators

	NCLR.L	DFND.AS	Difference
Max Drawdown Largest peak-to-trough decline	-28.53%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-28.53%	—	—
Current Drawdown Current decline from peak	-27.09%	—	—
Average Drawdown Average peak-to-trough decline	-8.41%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	12.05%	—	—

Volatility

Volatility by Period

	NCLR.L	DFND.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	34.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	47.01%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.26%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.26%	—	—

NCLR.L vs. DFND.AS - Expense Ratio Comparison

NCLR.L has a 0.45% expense ratio, which is higher than DFND.AS's 0.35% expense ratio.

Dividends

NCLR.L vs. DFND.AS - Dividend Comparison

Neither NCLR.L nor DFND.AS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, NCLR.L or DFND.AS?

On fees, DFND.AS is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NCLR.L or DFND.AS?

DFND.AS is cheaper with a 0.35% expense ratio, compared with 0.45% for NCLR.L.

What is the main difference between NCLR.L and DFND.AS?

NCLR.L is categorized as Uranium, while DFND.AS is Industrials Equities. NCLR.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index, while DFND.AS tracks S&P Developed BMI Select Aerospace & Defense 35/20 Capped Index NR. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for NCLR.L and 0.35% for DFND.AS.