NCLR.L vs. WRNW.DE
NCLR.L (WisdomTree Uranium and Nuclear Energy UCITS ETF) and WRNW.DE (WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc) are both exchange-traded funds - NCLR.L is a Uranium fund tracking the WisdomTree Uranium and Nuclear Energy UCITS Index, while WRNW.DE is a Energy Equities fund tracking the WisdomTree Renewable Energy. Both are passively managed. Over the past year, NCLR.L returned 44.49% vs 108.68% for WRNW.DE. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.
Performance
NCLR.L vs. WRNW.DE - Performance Comparison
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Different Trading Currencies
NCLR.L is traded in GBp, while WRNW.DE is traded in EUR. To make them comparable, the WRNW.DE 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 2.39% return, which is significantly lower than WRNW.DE's 29.09% return.
NCLR.L
- 1D
- 0.00%
- 1M
- -16.24%
- YTD
- 2.39%
- 6M
- 2.87%
- 1Y
- 44.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WRNW.DE
- 1D
- -2.30%
- 1M
- 1.20%
- YTD
- 29.09%
- 6M
- 29.85%
- 1Y
- 108.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NCLR.L vs. WRNW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NCLR.L WisdomTree Uranium and Nuclear Energy UCITS ETF | 2.39% | 112.38% |
WRNW.DE WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc | 29.09% | 68.90% |
Correlation
The correlation between NCLR.L and WRNW.DE is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025 | 0.54 |
The correlation between NCLR.L and WRNW.DE has been stable across timeframes, ranging from 0.54 to 0.57 - a consistent structural relationship.
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Return for Risk
NCLR.L vs. WRNW.DE — Risk / Return Rank
NCLR.L
WRNW.DE
NCLR.L vs. WRNW.DE - 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 Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.DE). 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 | WRNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.55 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 7.35 | -5.80 |
| Martin ratioReturn relative to average drawdown | 3.66 | 23.98 | -20.32 |
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Drawdowns
NCLR.L vs. WRNW.DE - Drawdown Comparison
The maximum NCLR.L drawdown since its inception was -28.53%, smaller than the maximum WRNW.DE drawdown of -49.83%. Use the drawdown chart below to compare losses from any high point for NCLR.L and WRNW.DE.
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Drawdown Indicators
| NCLR.L | WRNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.53% | -49.83% | +21.30% |
Max Drawdown (1Y)Largest decline over 1 year | -28.53% | -15.21% | -13.32% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.83% | — |
Current DrawdownCurrent decline from peak | -27.09% | -4.20% | -22.89% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -21.74% | +13.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.05% | 4.67% | +7.38% |
Volatility
NCLR.L vs. WRNW.DE - Volatility Comparison
WisdomTree Uranium and Nuclear Energy UCITS ETF (NCLR.L) has a higher volatility of 12.76% compared to WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.DE) at 10.16%. This indicates that NCLR.L's price experiences larger fluctuations and is considered to be riskier than WRNW.DE 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 | WRNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.76% | 10.16% | +2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 34.71% | 19.00% | +15.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.01% | 29.74% | +17.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.26% | 25.75% | +21.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.26% | 25.75% | +21.51% |
NCLR.L vs. WRNW.DE - Expense Ratio Comparison
Both NCLR.L and WRNW.DE have an expense ratio of 0.45%.
Dividends
NCLR.L vs. WRNW.DE - Dividend Comparison
Neither NCLR.L nor WRNW.DE has paid dividends to shareholders.
Frequently Asked Questions
NCLR.L and WRNW.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 WRNW.DE have the same expense ratio: 0.45% per year.
NCLR.L is categorized as Uranium, while WRNW.DE is Energy Equities. NCLR.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index, while WRNW.DE tracks WisdomTree Renewable Energy.
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