NCLR.L vs. NCLP.L
NCLR.L (WisdomTree Uranium and Nuclear Energy UCITS ETF) and NCLP.L (WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating) are both Uranium funds from WisdomTree tracking the WisdomTree Uranium and Nuclear Energy UCITS Index. Both are passively managed. Over the past year, NCLR.L returned 42.46% vs 47.02% for NCLP.L. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.45% expense ratio.
Performance
NCLR.L vs. NCLP.L - Performance Comparison
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Returns By Period
In the year-to-date period, NCLR.L achieves a 7.60% return, which is significantly lower than NCLP.L's 10.42% return.
NCLR.L
- 1D
- 0.00%
- 1M
- -9.19%
- YTD
- 7.60%
- 6M
- 4.63%
- 1Y
- 42.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NCLP.L
- 1D
- 0.00%
- 1M
- -7.48%
- YTD
- 10.42%
- 6M
- 7.15%
- 1Y
- 47.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NCLR.L vs. NCLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NCLR.L WisdomTree Uranium and Nuclear Energy UCITS ETF | 7.60% | 112.38% |
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating | 10.42% | 56.86% |
Correlation
The correlation between NCLR.L and NCLP.L is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025 | 0.95 |
The correlation between NCLR.L and NCLP.L has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.
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Return for Risk
NCLR.L vs. NCLP.L — Risk / Return Rank
NCLR.L
NCLP.L
NCLR.L vs. NCLP.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 WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.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.
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 | NCLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.20 | +0.28 |
| Martin ratioReturn relative to average drawdown | 3.34 | 2.50 | +0.85 |
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Drawdowns
NCLR.L vs. NCLP.L - Drawdown Comparison
The maximum NCLR.L drawdown since its inception was -28.53%, smaller than the maximum NCLP.L drawdown of -39.10%. Use the drawdown chart below to compare losses from any high point for NCLR.L and NCLP.L.
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Drawdown Indicators
| NCLR.L | NCLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.53% | -39.10% | +10.57% |
Max Drawdown (1Y)Largest decline over 1 year | -28.53% | -39.10% | +10.57% |
Current DrawdownCurrent decline from peak | -23.38% | -26.24% | +2.86% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -14.72% | +5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.67% | 18.83% | -6.16% |
Volatility
NCLR.L vs. NCLP.L - Volatility Comparison
WisdomTree Uranium and Nuclear Energy UCITS ETF (NCLR.L) and WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) have volatilities of 12.60% and 13.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCLR.L | NCLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.60% | 13.00% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 34.26% | 32.56% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.76% | 63.44% | -16.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.01% | 62.45% | -15.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.01% | 62.45% | -15.44% |
NCLR.L vs. NCLP.L - Expense Ratio Comparison
Both NCLR.L and NCLP.L have an expense ratio of 0.45%.
Dividends
NCLR.L vs. NCLP.L - Dividend Comparison
Neither NCLR.L nor NCLP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, NCLR.L and NCLP.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NCLR.L and NCLP.L have the same expense ratio: 0.45% per year.
Both ETFs track WisdomTree Uranium and Nuclear Energy UCITS Index.
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