NLR vs. GRNY
NLR (VanEck Uranium and Nuclear ETF) and GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) are both exchange-traded funds - NLR is a Alternative Energy Equities fund tracking the MVIS Global Uranium & Nuclear Energy Index, while GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs. NLR is passively managed, while GRNY is actively managed. Over the past year, NLR returned 26.72% vs 26.59% for GRNY. A 0.64 correlation means they provide meaningful diversification when combined. NLR charges 0.56%/yr vs 0.75%/yr for GRNY.
Performance
NLR vs. GRNY - Performance Comparison
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Returns By Period
In the year-to-date period, NLR achieves a -0.79% return, which is significantly lower than GRNY's 9.21% return.
NLR
- 1D
- 0.91%
- 1M
- -12.54%
- YTD
- -0.79%
- 6M
- -6.08%
- 1Y
- 26.72%
- 3Y*
- 31.16%
- 5Y*
- 20.16%
- 10Y*
- 12.72%
GRNY
- 1D
- 0.52%
- 1M
- 0.19%
- YTD
- 9.21%
- 6M
- 7.56%
- 1Y
- 26.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NLR vs. GRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NLR VanEck Uranium and Nuclear ETF | -0.79% | 56.50% | -10.63% |
GRNY Fundstrat Granny Shots U.S. Large Cap ETF | 9.21% | 24.05% | -1.09% |
Correlation
The correlation between NLR and GRNY is 0.66, 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 | 0.66 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.64 |
The correlation between NLR and GRNY has been stable across timeframes, ranging from 0.64 to 0.66 - a consistent structural relationship.
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Return for Risk
NLR vs. GRNY — Risk / Return Rank
NLR
GRNY
NLR vs. GRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Uranium and Nuclear ETF (NLR) and Fundstrat Granny Shots U.S. Large Cap ETF (GRNY). 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 | GRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 2.30 | -1.26 |
| Martin ratioReturn relative to average drawdown | 2.08 | 7.00 | -4.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NLR | GRNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.50 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.89 | -0.73 |
Drawdowns
NLR vs. GRNY - Drawdown Comparison
The maximum NLR drawdown since its inception was -65.05%, which is greater than GRNY's maximum drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for NLR and GRNY.
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Drawdown Indicators
| NLR | GRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.05% | -24.18% | -40.87% |
Max Drawdown (1Y)Largest decline over 1 year | -25.80% | -11.63% | -14.17% |
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 | -25.03% | -2.59% | -22.44% |
Average DrawdownAverage peak-to-trough decline | -35.71% | -4.01% | -31.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.87% | 3.81% | +9.06% |
Volatility
NLR vs. GRNY - Volatility Comparison
VanEck Uranium and Nuclear ETF (NLR) has a higher volatility of 13.36% compared to Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) at 5.02%. This indicates that NLR's price experiences larger fluctuations and is considered to be riskier than GRNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NLR | GRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.36% | 5.02% | +8.34% |
Volatility (6M)Calculated over the trailing 6-month period | 33.24% | 13.09% | +20.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.96% | 17.86% | +25.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.43% | 23.25% | +6.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.14% | 23.25% | +0.89% |
NLR vs. GRNY - Expense Ratio Comparison
NLR has a 0.56% expense ratio, which is lower than GRNY's 0.75% expense ratio.
Dividends
NLR vs. GRNY - Dividend Comparison
NLR's dividend yield for the trailing twelve months is around 2.57%, while GRNY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRNY Fundstrat Granny Shots U.S. Large Cap ETF | 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 | 2.57% | 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 GRNY have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NLR has higher volatility (13.36%) compared to GRNY (5.02%). In terms of maximum drawdown, NLR dropped -65.05% vs GRNY's -24.18%.
On 1-year performance, NLR leads with 26.72% vs 26.59% for GRNY. On fees, NLR is cheaper at 0.56% per year. On volatility, GRNY has been the lower-risk option at 5.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NLR has performed better with a 26.72% return vs 26.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NLR is cheaper with a 0.56% expense ratio, compared with 0.75% for GRNY.
NLR has the higher dividend yield at 2.57%, compared with 0.00% for GRNY.
NLR is categorized as Alternative Energy Equities, while GRNY is Large Cap Blend Equities. They also come from different issuers: VanEck and Tidal ETFs. Their fees differ too: 0.56% for NLR and 0.75% for GRNY.
GRNY currently has the higher Sharpe Ratio (1.50 vs 0.63), 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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