NLR vs. GRID

Last updated Apr 1, 2026

Compare and contrast key facts about VanEck Vectors Uranium+Nuclear Energy ETF (NLR) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID).

NLR and GRID are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NLR is a passively managed fund by VanEck that tracks the performance of the DAXglobal Nuclear Energy Index. It was launched on Aug 13, 2007. GRID is a passively managed fund by First Trust that tracks the performance of the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. It was launched on Nov 17, 2009. Both NLR and GRID are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

NLR vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Uranium+Nuclear Energy ETF (NLR) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID). The values are adjusted to include any dividend payments, if applicable.

NLR vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NLR VanEck Vectors Uranium+Nuclear Energy ETF	7.24%	56.50%	14.26%	36.67%	2.29%	13.63%	3.49%	0.20%	4.94%	8.25%
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index	6.96%	29.65%	15.18%	21.57%	-13.89%	27.65%	48.84%	42.80%	-22.69%	27.44%

Returns By Period

The year-to-date returns for both stocks are quite close, with NLR having a 7.24% return and GRID slightly lower at 6.96%. Over the past 10 years, NLR has underperformed GRID with an annualized return of 13.86%, while GRID has yielded a comparatively higher 18.08% annualized return.

NLR

• 1D: 4.76%
• 1M: -10.17%
• YTD: 7.24%
• 6M: 0.63%
• 1Y: 86.31%
• 3Y*: 37.32%
• 5Y*: 23.33%
• 10Y*: 13.86%

GRID

• 1D: 3.81%
• 1M: -7.97%
• YTD: 6.96%
• 6M: 8.57%
• 1Y: 46.12%
• 3Y*: 20.12%
• 5Y*: 14.69%
• 10Y*: 18.08%

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

NLR vs. GRID - Expense Ratio Comparison

NLR has a 0.60% expense ratio, which is lower than GRID's 0.70% expense ratio.

GRID

First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index

NLR

VanEck Vectors Uranium+Nuclear Energy ETF

Return for Risk

NLR vs. GRID — Risk / Return Rank

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

NLR

NLR Risk / Return Rank: 88
NLR Sharpe Ratio Rank: 92
NLR Sortino Ratio Rank: 92
NLR Omega Ratio Rank: 85
NLR Calmar Ratio Rank: 93
NLR Martin Ratio Rank: 79

GRID

GRID Risk / Return Rank: 94
GRID Sharpe Ratio Rank: 94
GRID Sortino Ratio Rank: 95
GRID Omega Ratio Rank: 93
GRID Calmar Ratio Rank: 95
GRID Martin Ratio Rank: 95

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. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Uranium+Nuclear Energy ETF (NLR) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID). 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.

	NLR	GRID	Difference
Sharpe ratio Return per unit of total volatility	2.06	2.16	-0.11
Sortino ratio Return per unit of downside risk	2.63	2.95	-0.32
Omega ratio Gain probability vs. loss probability	1.33	1.41	-0.08
Calmar ratio Return relative to maximum drawdown	3.26	3.82	-0.56
Martin ratio Return relative to average drawdown	7.88	14.42	-6.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NLR vs. GRID - Sharpe Ratio Comparison

The current NLR Sharpe Ratio is 2.06, which is comparable to the GRID Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of NLR and GRID, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NLR	GRID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	2.16	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.71	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.80	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.52	-0.34

Correlation

The correlation between NLR and GRID is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NLR vs. GRID - Dividend Comparison

NLR's dividend yield for the trailing twelve months is around 2.38%, more than GRID's 0.92% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NLR VanEck Vectors Uranium+Nuclear Energy ETF	2.38%	2.55%	0.76%	4.54%	2.02%	1.99%	2.23%	2.21%	3.91%	4.86%	3.62%	3.30%
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index	0.92%	1.01%	1.06%	1.23%	1.26%	0.63%	0.68%	1.26%	1.28%	1.07%	1.07%	1.23%

Drawdowns

NLR vs. GRID - Drawdown Comparison

The maximum NLR drawdown since its inception was -65.05%, which is greater than GRID's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for NLR and GRID.

Drawdown Indicators

	NLR	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-65.05%	-40.56%	-24.49%
Max Drawdown (1Y) Largest decline over 1 year	-25.80%	-11.73%	-14.07%
Max Drawdown (5Y) Largest decline over 5 years	-30.48%	-29.64%	-0.84%
Max Drawdown (10Y) Largest decline over 10 years	-34.35%	-40.56%	+6.21%
Current Drawdown Current decline from peak	-18.97%	-8.37%	-10.60%
Average Drawdown Average peak-to-trough decline	-35.91%	-8.50%	-27.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.67%	3.11%	+7.56%

Volatility

NLR vs. GRID - Volatility Comparison

VanEck Vectors Uranium+Nuclear Energy ETF (NLR) has a higher volatility of 14.04% compared to First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) at 9.26%. This indicates that NLR's price experiences larger fluctuations and is considered to be riskier than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NLR	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.04%	9.26%	+4.78%
Volatility (6M) Calculated over the trailing 6-month period	32.94%	14.14%	+18.80%
Volatility (1Y) Calculated over the trailing 1-year period	42.23%	21.44%	+20.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.16%	20.68%	+7.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.39%	22.74%	+0.65%