NCLR.L vs. PWER
NCLR.L (WisdomTree Uranium and Nuclear Energy UCITS ETF) and PWER (Macquarie Energy Transition ETF) are both Alternative Energy Equities funds. NCLR.L is passively managed, while PWER is actively managed. Over the past year, NCLR.L returned 77.28% vs 71.97% for PWER. At a 0.38 correlation, their price movements are largely independent. NCLR.L charges 0.45%/yr vs 0.80%/yr for PWER.
Performance
NCLR.L vs. PWER - Performance Comparison
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Different Trading Currencies
NCLR.L is traded in GBp, while PWER is traded in USD. To make them comparable, the PWER 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 PWER's 31.84% return.
NCLR.L
- 1D
- -5.16%
- 1M
- -8.97%
- YTD
- 15.95%
- 6M
- 17.05%
- 1Y
- 77.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PWER
- 1D
- -0.74%
- 1M
- 8.34%
- YTD
- 31.84%
- 6M
- 32.11%
- 1Y
- 71.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NCLR.L vs. PWER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NCLR.L WisdomTree Uranium and Nuclear Energy UCITS ETF | 15.95% | 112.38% |
PWER Macquarie Energy Transition ETF | 31.84% | 39.34% |
Correlation
The correlation between NCLR.L and PWER is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2025 | 0.38 |
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Return for Risk
NCLR.L vs. PWER — Risk / Return Rank
NCLR.L
PWER
NCLR.L vs. PWER - 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 Macquarie Energy Transition ETF (PWER). 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 | PWER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.64 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 8.36 | -5.63 |
| Martin ratioReturn relative to average drawdown | 6.80 | 37.43 | -30.62 |
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 | PWER | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 3.90 | -2.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.29 | 1.17 | +1.11 |
Drawdowns
NCLR.L vs. PWER - Drawdown Comparison
The maximum NCLR.L drawdown since its inception was -28.14%, smaller than the maximum PWER drawdown of -29.73%. Use the drawdown chart below to compare losses from any high point for NCLR.L and PWER.
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Drawdown Indicators
| NCLR.L | PWER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.14% | -29.73% | +1.59% |
Max Drawdown (1Y)Largest decline over 1 year | -28.14% | -8.65% | -19.49% |
Current DrawdownCurrent decline from peak | -17.44% | -0.74% | -16.70% |
Average DrawdownAverage peak-to-trough decline | -8.08% | -6.94% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.32% | 1.93% | +9.39% |
Volatility
NCLR.L vs. PWER - Volatility Comparison
WisdomTree Uranium and Nuclear Energy UCITS ETF (NCLR.L) has a higher volatility of 13.97% compared to Macquarie Energy Transition ETF (PWER) at 5.79%. This indicates that NCLR.L's price experiences larger fluctuations and is considered to be riskier than PWER 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 | PWER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.97% | 5.79% | +8.18% |
Volatility (6M)Calculated over the trailing 6-month period | 34.18% | 13.95% | +20.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.09% | 18.63% | +28.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.30% | 22.16% | +25.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.30% | 22.16% | +25.14% |
NCLR.L vs. PWER - Expense Ratio Comparison
NCLR.L has a 0.45% expense ratio, which is lower than PWER's 0.80% expense ratio.
Dividends
NCLR.L vs. PWER - Dividend Comparison
NCLR.L has not paid dividends to shareholders, while PWER's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NCLR.L WisdomTree Uranium and Nuclear Energy UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
PWER Macquarie Energy Transition ETF | 1.05% | 1.37% | 1.05% | 0.06% |
Frequently Asked Questions
NCLR.L and PWER have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NCLR.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NCLR.L is cheaper with a 0.45% expense ratio, compared with 0.80% for PWER.
They also come from different issuers: WisdomTree and Macquarie. Their fees differ too: 0.45% for NCLR.L and 0.80% for PWER.
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