NCLR.L vs. RAYS

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Uranium and Nuclear Energy UCITS ETF (NCLR.L) and Global X Solar ETF (RAYS).

NCLR.L and RAYS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NCLR.L is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Uranium and Nuclear Energy UCITS Index. It was launched on Mar 5, 2025. RAYS is a passively managed fund by Global X that tracks the performance of the Solactive Solar Index. It was launched on Sep 8, 2021. Both NCLR.L and RAYS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

NCLR.L vs. RAYS - 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 Global X Solar ETF (RAYS). The values are adjusted to include any dividend payments, if applicable.

NCLR.L vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
NCLR.L WisdomTree Uranium and Nuclear Energy UCITS ETF	1.43%
RAYS Global X Solar ETF	2.71%

Different Trading Currencies

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

Returns By Period

NCLR.L

• 1D: 7.18%
• 1M: -9.87%
• YTD: 21.09%
• 6M: 17.22%
• 1Y: 159.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RAYS

• 1D: -0.23%
• 1M: 1.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NCLR.L vs. RAYS - Expense Ratio Comparison

NCLR.L has a 0.45% expense ratio, which is lower than RAYS's 0.50% expense ratio.

RAYS

Global X Solar ETF

NCLR.L

WisdomTree Uranium and Nuclear Energy UCITS ETF

Return for Risk

NCLR.L vs. RAYS — 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: 96
NCLR.L Sharpe Ratio Rank: 98
NCLR.L Sortino Ratio Rank: 97
NCLR.L Omega Ratio Rank: 94
NCLR.L Calmar Ratio Rank: 98
NCLR.L Martin Ratio Rank: 94

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. RAYS - 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 Global X Solar ETF (RAYS). 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	RAYS	Difference
Sharpe ratio Return per unit of total volatility	3.32	—	—
Sortino ratio Return per unit of downside risk	3.61	—	—
Omega ratio Gain probability vs. loss probability	1.46	—	—
Calmar ratio Return relative to maximum drawdown	5.71	—	—
Martin ratio Return relative to average drawdown	15.89	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NCLR.L	RAYS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.01	3.45	-0.43

Correlation

The correlation between NCLR.L and RAYS is -0.18. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

NCLR.L vs. RAYS - Dividend Comparison

Neither NCLR.L nor RAYS has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NCLR.L vs. RAYS - Drawdown Comparison

The maximum NCLR.L drawdown since its inception was -28.14%, which is greater than RAYS's maximum drawdown of -1.22%. Use the drawdown chart below to compare losses from any high point for NCLR.L and RAYS.

Drawdown Indicators

	NCLR.L	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-28.14%	0.00%	-28.14%
Max Drawdown (1Y) Largest decline over 1 year	-28.14%	—	—
Current Drawdown Current decline from peak	-13.78%	0.00%	-13.78%
Average Drawdown Average peak-to-trough decline	-7.47%	0.00%	-7.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.11%	—	—

Volatility

Volatility by Period

	NCLR.L	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	37.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	47.79%	6.67%	+41.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.30%	6.67%	+40.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.30%	6.67%	+40.63%