NLR vs. BCI
NLR (VanEck Uranium and Nuclear ETF) and BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) are both exchange-traded funds - NLR is a Uranium fund tracking the MVIS Global Uranium & Nuclear Energy Index, while BCI is a Commodities fund tracking the Bloomberg Commodity Index Total Return. Both are passively managed. Over the past 5 years, NLR returned 21.55%/yr vs 9.82%/yr for BCI. At a 0.27 correlation, their price movements are largely independent. NLR charges 0.56%/yr vs 0.26%/yr for BCI.
Performance
NLR vs. BCI - Performance Comparison
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Returns By Period
In the year-to-date period, NLR achieves a 0.28% return, which is significantly lower than BCI's 16.69% return.
NLR
- 1D
- -1.88%
- 1M
- -4.81%
- YTD
- 0.28%
- 6M
- -2.76%
- 1Y
- 19.25%
- 3Y*
- 32.30%
- 5Y*
- 21.55%
- 10Y*
- 13.17%
BCI
- 1D
- -0.65%
- 1M
- -8.66%
- YTD
- 16.69%
- 6M
- 16.52%
- 1Y
- 22.05%
- 3Y*
- 11.86%
- 5Y*
- 9.82%
- 10Y*
- —
NLR vs. BCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NLR VanEck Uranium and Nuclear ETF | 0.28% | 56.50% | 14.26% | 36.67% | 2.29% | 13.63% | 3.49% | 0.20% | 4.94% | 3.41% |
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 16.69% | 15.07% | 5.47% | -8.79% | 15.09% | 26.18% | -2.77% | 7.06% | -11.21% | 3.81% |
Correlation
The correlation between NLR and BCI is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | 0.27 |
Over the past year, the correlation between NLR and BCI has dropped to 0.07 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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Return for Risk
NLR vs. BCI — Risk / Return Rank
NLR
BCI
NLR vs. BCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Uranium and Nuclear ETF (NLR) and abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI). 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.
| NLR | BCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.24 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 1.84 | -1.19 |
| Martin ratioReturn relative to average drawdown | 1.40 | 6.82 | -5.42 |
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Drawdowns
NLR vs. BCI - Drawdown Comparison
The maximum NLR drawdown since its inception was -65.05%, which is greater than BCI's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for NLR and BCI.
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Drawdown Indicators
| NLR | BCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.05% | -32.69% | -32.36% |
Max Drawdown (1Y)Largest decline over 1 year | -29.72% | -12.04% | -17.68% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -12.04% | -18.44% |
Max Drawdown (5Y)Largest decline over 5 years | -30.48% | -26.50% | -3.98% |
Max Drawdown (10Y)Largest decline over 10 years | -34.35% | — | — |
Current DrawdownCurrent decline from peak | -24.23% | -12.04% | -12.19% |
Average DrawdownAverage peak-to-trough decline | -35.69% | -11.98% | -23.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.74% | 3.56% | +10.18% |
Volatility
NLR vs. BCI - Volatility Comparison
VanEck Uranium and Nuclear ETF (NLR) has a higher volatility of 13.63% compared to abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) at 3.49%. This indicates that NLR's price experiences larger fluctuations and is considered to be riskier than BCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NLR | BCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.63% | 3.49% | +10.14% |
Volatility (6M)Calculated over the trailing 6-month period | 33.02% | 14.94% | +18.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.85% | 17.18% | +25.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.62% | 16.79% | +12.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.27% | 15.65% | +8.62% |
NLR vs. BCI - Expense Ratio Comparison
NLR has a 0.56% expense ratio, which is higher than BCI's 0.26% expense ratio.
Dividends
NLR vs. BCI - Dividend Comparison
NLR's dividend yield for the trailing twelve months is around 2.54%, less than BCI's 14.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 14.13% | 16.49% | 3.29% | 3.93% | 19.98% | 19.43% | 0.68% | 1.47% | 1.13% | 5.02% | 0.00% | 0.00% |
NLR VanEck Uranium and Nuclear ETF | 2.54% | 2.55% | 0.76% | 4.54% | 2.02% | 1.99% | 2.23% | 2.21% | 3.91% | 4.86% | 3.62% | 3.30% |
Frequently Asked Questions
NLR and BCI have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NLR has higher volatility (13.63%) compared to BCI (3.49%). In terms of maximum drawdown, NLR dropped -65.05% vs BCI's -32.69%.
On 5-year performance, NLR leads with 21.55% vs 9.82% for BCI. On fees, BCI is cheaper at 0.26% per year. On volatility, BCI has been the lower-risk option at 3.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NLR has performed better with a 21.55% return vs 9.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BCI is cheaper with a 0.26% expense ratio, compared with 0.56% for NLR.
BCI has the higher dividend yield at 14.13%, compared with 2.54% for NLR.
NLR is categorized as Uranium, while BCI is Commodities. NLR tracks MVIS Global Uranium & Nuclear Energy Index, while BCI tracks Bloomberg Commodity Index Total Return. They also come from different issuers: VanEck and Aberdeen. Their fees differ too: 0.56% for NLR and 0.26% for BCI.
BCI currently has the higher Sharpe Ratio (1.29 vs 0.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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