NCLR.L vs. URNP.L
NCLR.L (WisdomTree Uranium and Nuclear Energy UCITS ETF) and URNP.L (HANetf Sprott Uranium Miners UCITS ETF Acc) are both Uranium funds - NCLR.L tracks the WisdomTree Uranium and Nuclear Energy UCITS Index while URNP.L tracks the S&P Global Natural Resources TR USD. Both are passively managed. Over the past year, NCLR.L returned 42.46% vs 34.63% for URNP.L. Their correlation of 0.92 suggests significant overlap in exposure. NCLR.L charges 0.45%/yr vs 0.85%/yr for URNP.L.
Performance
NCLR.L vs. URNP.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with NCLR.L having a 7.60% return and URNP.L slightly lower at 7.33%.
NCLR.L
- 1D
- 0.00%
- 1M
- -9.19%
- YTD
- 7.60%
- 6M
- 4.63%
- 1Y
- 42.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
URNP.L
- 1D
- 0.00%
- 1M
- -6.18%
- YTD
- 7.33%
- 6M
- 5.19%
- 1Y
- 34.63%
- 3Y*
- 23.54%
- 5Y*
- —
- 10Y*
- —
NCLR.L vs. URNP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NCLR.L WisdomTree Uranium and Nuclear Energy UCITS ETF | 7.60% | 112.38% |
URNP.L HANetf Sprott Uranium Miners UCITS ETF Acc | 7.33% | 64.31% |
Correlation
The correlation between NCLR.L and URNP.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025 | 0.92 |
The correlation between NCLR.L and URNP.L has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.
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Return for Risk
NCLR.L vs. URNP.L — Risk / Return Rank
NCLR.L
URNP.L
NCLR.L vs. URNP.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 HANetf Sprott Uranium Miners UCITS ETF Acc (URNP.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 | URNP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.13 | +0.35 |
| Martin ratioReturn relative to average drawdown | 3.34 | 2.69 | +0.65 |
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Drawdowns
NCLR.L vs. URNP.L - Drawdown Comparison
The maximum NCLR.L drawdown since its inception was -28.53%, smaller than the maximum URNP.L drawdown of -51.01%. Use the drawdown chart below to compare losses from any high point for NCLR.L and URNP.L.
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Drawdown Indicators
| NCLR.L | URNP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.53% | -51.01% | +22.48% |
Max Drawdown (1Y)Largest decline over 1 year | -28.53% | -30.89% | +2.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.01% | — |
Current DrawdownCurrent decline from peak | -23.38% | -25.59% | +2.21% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -17.96% | +9.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.67% | 12.90% | -0.23% |
Volatility
NCLR.L vs. URNP.L - Volatility Comparison
WisdomTree Uranium and Nuclear Energy UCITS ETF (NCLR.L) and HANetf Sprott Uranium Miners UCITS ETF Acc (URNP.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 | URNP.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% | 31.90% | +2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.76% | 45.17% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.01% | 40.03% | +6.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.01% | 40.03% | +6.98% |
NCLR.L vs. URNP.L - Expense Ratio Comparison
NCLR.L has a 0.45% expense ratio, which is lower than URNP.L's 0.85% expense ratio.
Dividends
NCLR.L vs. URNP.L - Dividend Comparison
Neither NCLR.L nor URNP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, NCLR.L and URNP.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.
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 0.85% for URNP.L.
NCLR.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index, while URNP.L tracks S&P Global Natural Resources TR USD. They also come from different issuers: WisdomTree and HANetf. Their fees differ too: 0.45% for NCLR.L and 0.85% for URNP.L.
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