NCLR.L vs. IUES.L
NCLR.L (WisdomTree Uranium and Nuclear Energy UCITS ETF) and IUES.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both exchange-traded funds - NCLR.L is a Alternative Energy Equities fund tracking the WisdomTree Uranium and Nuclear Energy UCITS Index, while IUES.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past year, NCLR.L returned 77.28% vs 48.19% for IUES.L. At a correlation of -0.02, they often move in opposite directions. NCLR.L charges 0.45%/yr vs 0.15%/yr for IUES.L.
Performance
NCLR.L vs. IUES.L - Performance Comparison
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Different Trading Currencies
NCLR.L is traded in GBp, while IUES.L is traded in USD. To make them comparable, the IUES.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, NCLR.L achieves a 15.95% return, which is significantly lower than IUES.L's 31.41% return.
NCLR.L
- 1D
- -5.16%
- 1M
- -8.97%
- YTD
- 15.95%
- 6M
- 17.05%
- 1Y
- 77.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IUES.L
- 1D
- 0.00%
- 1M
- 0.15%
- YTD
- 31.41%
- 6M
- 28.75%
- 1Y
- 48.19%
- 3Y*
- 14.03%
- 5Y*
- 21.71%
- 10Y*
- 10.07%
NCLR.L vs. IUES.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NCLR.L WisdomTree Uranium and Nuclear Energy UCITS ETF | 15.95% | 112.38% |
IUES.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 31.41% | 0.88% |
Correlation
The correlation between NCLR.L and IUES.L is -0.13, 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 | -0.13 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2025 | -0.02 |
The correlation between NCLR.L and IUES.L shifts across timeframes, from -0.13 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NCLR.L vs. IUES.L — Risk / Return Rank
NCLR.L
IUES.L
NCLR.L vs. IUES.L - 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 S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.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.
| NCLR.L | IUES.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.36 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.89 | -0.16 |
| Martin ratioReturn relative to average drawdown | 6.80 | 8.95 | -2.14 |
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
| NCLR.L | IUES.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 2.08 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.29 | 0.36 | +1.93 |
Drawdowns
NCLR.L vs. IUES.L - Drawdown Comparison
The maximum NCLR.L drawdown since its inception was -28.14%, smaller than the maximum IUES.L drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for NCLR.L and IUES.L.
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Drawdown Indicators
| NCLR.L | IUES.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.14% | -62.40% | +34.26% |
Max Drawdown (1Y)Largest decline over 1 year | -28.14% | -16.59% | -11.55% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.92% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.40% | — |
Current DrawdownCurrent decline from peak | -17.44% | -8.77% | -8.67% |
Average DrawdownAverage peak-to-trough decline | -8.08% | -16.00% | +7.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.32% | 5.37% | +5.95% |
Volatility
NCLR.L vs. IUES.L - Volatility Comparison
WisdomTree Uranium and Nuclear Energy UCITS ETF (NCLR.L) has a higher volatility of 13.97% compared to iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) at 8.73%. This indicates that NCLR.L's price experiences larger fluctuations and is considered to be riskier than IUES.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCLR.L | IUES.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.97% | 8.73% | +5.24% |
Volatility (6M)Calculated over the trailing 6-month period | 34.18% | 19.54% | +14.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.09% | 23.12% | +23.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.30% | 26.63% | +20.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.30% | 28.23% | +19.07% |
NCLR.L vs. IUES.L - Expense Ratio Comparison
NCLR.L has a 0.45% expense ratio, which is higher than IUES.L's 0.15% expense ratio.
Dividends
NCLR.L vs. IUES.L - Dividend Comparison
Neither NCLR.L nor IUES.L has paid dividends to shareholders.
Frequently Asked Questions
NCLR.L and IUES.L have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUES.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUES.L is cheaper with a 0.15% expense ratio, compared with 0.45% for NCLR.L.
NCLR.L is categorized as Alternative Energy Equities, while IUES.L is Energy Equities. NCLR.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index, while IUES.L tracks MSCI World/Energy NR USD. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for NCLR.L and 0.15% for IUES.L.
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