NLR vs. FETH

Last updated Jun 13, 2026

NLR (VanEck Uranium and Nuclear ETF) and FETH (Fidelity Ethereum Fund) are both exchange-traded funds - NLR is a Alternative Energy Equities fund tracking the MVIS Global Uranium & Nuclear Energy Index, while FETH is a Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index. Both are passively managed. Over the past year, NLR returned 18.72% vs -38.43% for FETH. At a 0.40 correlation, their price movements are largely independent. NLR charges 0.56%/yr vs 0.25%/yr for FETH.

Performance

NLR vs. FETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Uranium and Nuclear ETF (NLR) and Fidelity Ethereum Fund (FETH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NLR achieves a -1.81% return, which is significantly higher than FETH's -44.01% return.

NLR

• 1D: 0.84%
• 1M: -10.59%
• YTD: -1.81%
• 6M: -3.70%
• 1Y: 18.72%
• 3Y*: 29.88%
• 5Y*: 19.78%
• 10Y*: 12.80%

FETH

• 1D: -1.01%
• 1M: -26.28%
• YTD: -44.01%
• 6M: -46.08%
• 1Y: -38.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NLR vs. FETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NLR VanEck Uranium and Nuclear ETF	-1.81%	56.50%	2.76%
FETH Fidelity Ethereum Fund	-44.01%	-11.37%	-4.68%

Correlation

The correlation between NLR and FETH is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024	0.40

Return for Risk

NLR vs. FETH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NLR

NLR Risk / Return Rank: 18
NLR Sharpe Ratio Rank: 17
NLR Sortino Ratio Rank: 19
NLR Omega Ratio Rank: 18
NLR Calmar Ratio Rank: 18
NLR Martin Ratio Rank: 17

FETH

FETH Risk / Return Rank: 5
FETH Sharpe Ratio Rank: 5
FETH Sortino Ratio Rank: 5
FETH Omega Ratio Rank: 6
FETH Calmar Ratio Rank: 5
FETH Martin Ratio Rank: 5

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.

NLR vs. FETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Uranium and Nuclear ETF (NLR) and Fidelity Ethereum Fund (FETH). 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	FETH	Difference
Sharpe ratio: Return per unit of total volatility	0.44	-0.56	+1.00
Sortino ratio: Return per unit of downside risk	0.90	-0.51	+1.41
Omega ratio: Gain probability vs. loss probability	1.10	0.94	+0.16
Calmar ratio: Return relative to maximum drawdown	0.63	-0.57	+1.20
Martin ratio: Return relative to average drawdown	1.41	-0.98	+2.39

NLR vs. FETH - Sharpe Ratio Comparison

The current NLR Sharpe Ratio is 0.44, which is higher than the FETH Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of NLR and FETH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NLR vs. FETH - Drawdown Comparison

The maximum NLR drawdown since its inception was -65.05%, roughly equal to the maximum FETH drawdown of -67.57%. Use the drawdown chart below to compare losses from any high point for NLR and FETH.

Drawdown Indicators

	NLR	FETH	Difference
Max Drawdown Largest peak-to-trough decline	-65.05%	-67.57%	+2.52%
Max Drawdown (1Y) Largest decline over 1 year	-29.72%	-67.57%	+37.85%
Max Drawdown (3Y) Largest decline over 3 years	-30.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.35%	—	—
Current Drawdown Current decline from peak	-25.81%	-65.74%	+39.93%
Average Drawdown Average peak-to-trough decline	-35.70%	-33.30%	-2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.33%	39.31%	-25.98%

Volatility

NLR vs. FETH - Volatility Comparison

The current volatility for VanEck Uranium and Nuclear ETF (NLR) is 13.73%, while Fidelity Ethereum Fund (FETH) has a volatility of 17.03%. This indicates that NLR experiences smaller price fluctuations and is considered to be less risky than FETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NLR	FETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.73%	17.03%	-3.30%
Volatility (6M) Calculated over the trailing 6-month period	33.75%	46.32%	-12.57%
Volatility (1Y) Calculated over the trailing 1-year period	42.85%	69.12%	-26.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.56%	72.38%	-42.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.22%	72.38%	-48.16%

NLR vs. FETH - Expense Ratio Comparison

NLR has a 0.56% expense ratio, which is higher than FETH's 0.25% expense ratio.

Dividends

NLR vs. FETH - Dividend Comparison

NLR's dividend yield for the trailing twelve months is around 2.60%, while FETH has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FETH Fidelity Ethereum Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NLR VanEck Uranium and Nuclear ETF	2.60%	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

Can I hold both NLR and FETH in my portfolio?

NLR and FETH have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NLR or FETH?

FETH has higher volatility (17.03%) compared to NLR (13.73%). In terms of maximum drawdown, NLR dropped -65.05% vs FETH's -67.57%.

Which ETF is better, NLR or FETH?

On 1-year performance, NLR leads with 18.72% vs -38.43% for FETH. On fees, FETH is cheaper at 0.25% per year. On volatility, NLR has been the lower-risk option at 13.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NLR or FETH?

Over the 1-year period, NLR has performed better with a 18.72% return vs -38.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NLR or FETH?

FETH is cheaper with a 0.25% expense ratio, compared with 0.56% for NLR.

Which ETF pays a higher dividend yield, NLR or FETH?

NLR has the higher dividend yield at 2.60%, compared with 0.00% for FETH.

What is the main difference between NLR and FETH?

NLR is categorized as Alternative Energy Equities, while FETH is Cryptocurrency. NLR tracks MVIS Global Uranium & Nuclear Energy Index, while FETH tracks Fidelity Ethereum Reference Rate Index. They also come from different issuers: VanEck and Fidelity. Their fees differ too: 0.56% for NLR and 0.25% for FETH.

Which has better risk-adjusted returns?

NLR currently has the higher Sharpe Ratio (0.44 vs -0.56), 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.