NLR vs. GEV
NLR (VanEck Uranium and Nuclear ETF) is Alternative Energy Equities fund tracking the MVIS Global Uranium & Nuclear Energy Index, while GEV (GE Vernova Inc.) is a stock. Over the past year, NLR returned 18.72% vs 93.31% for GEV. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
NLR vs. GEV - Performance Comparison
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Returns By Period
In the year-to-date period, NLR achieves a -1.81% return, which is significantly lower than GEV's 44.12% 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%
GEV
- 1D
- 3.74%
- 1M
- -11.47%
- YTD
- 44.12%
- 6M
- 40.23%
- 1Y
- 93.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NLR vs. GEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NLR VanEck Uranium and Nuclear ETF | -1.81% | 56.50% | 9.50% |
GEV GE Vernova Inc. | 44.12% | 99.02% | 186.24% |
Correlation
The correlation between NLR and GEV is 0.51, 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 | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.52 |
The correlation between NLR and GEV has been stable across timeframes, ranging from 0.51 to 0.52 - a consistent structural relationship.
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Return for Risk
NLR vs. GEV — Risk / Return Rank
NLR
GEV
NLR vs. GEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Uranium and Nuclear ETF (NLR) and GE Vernova Inc. (GEV). 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 | GEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.33 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 3.82 | -3.19 |
| Martin ratioReturn relative to average drawdown | 1.41 | 11.27 | -9.86 |
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Drawdowns
NLR vs. GEV - Drawdown Comparison
The maximum NLR drawdown since its inception was -65.05%, which is greater than GEV's maximum drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for NLR and GEV.
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Drawdown Indicators
| NLR | GEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.05% | -38.29% | -26.76% |
Max Drawdown (1Y)Largest decline over 1 year | -29.72% | -24.57% | -5.15% |
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 DrawdownCurrent decline from peak | -25.81% | -18.17% | -7.64% |
Average DrawdownAverage peak-to-trough decline | -35.70% | -6.99% | -28.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.33% | 8.31% | +5.02% |
Volatility
NLR vs. GEV - Volatility Comparison
VanEck Uranium and Nuclear ETF (NLR) and GE Vernova Inc. (GEV) have volatilities of 13.73% and 13.17%, 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
| NLR | GEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.73% | 13.17% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 33.75% | 34.45% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.85% | 49.09% | -6.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.56% | 53.62% | -24.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.22% | 53.62% | -29.40% |
Dividends
NLR vs. GEV - Dividend Comparison
NLR's dividend yield for the trailing twelve months is around 2.60%, more than GEV's 0.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEV GE Vernova Inc. | 0.16% | 0.11% | 0.08% | 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
NLR and GEV have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NLR has higher volatility (13.73%) compared to GEV (13.17%). In terms of maximum drawdown, NLR dropped -65.05% vs GEV's -38.29%.
GEV currently has the higher Sharpe Ratio (1.91 vs 0.44), 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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