NLR vs. IBIT
NLR (VanEck Uranium and Nuclear ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - NLR is a Alternative Energy Equities fund tracking the MVIS Global Uranium & Nuclear Energy Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, NLR returned 26.72% vs -39.44% for IBIT. At a 0.35 correlation, their price movements are largely independent. NLR charges 0.56%/yr vs 0.25%/yr for IBIT.
Performance
NLR vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, NLR achieves a -0.79% return, which is significantly higher than IBIT's -27.71% 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%
IBIT
- 1D
- 5.13%
- 1M
- -21.03%
- YTD
- -27.71%
- 6M
- -30.34%
- 1Y
- -39.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NLR vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NLR VanEck Uranium and Nuclear ETF | -0.79% | 56.50% | 10.04% |
IBIT iShares Bitcoin Trust ETF | -27.71% | -6.41% | 89.87% |
Correlation
The correlation between NLR and IBIT 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 Jan 11, 2024 | 0.35 |
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Return for Risk
NLR vs. IBIT — Risk / Return Rank
NLR
IBIT
NLR vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Uranium and Nuclear ETF (NLR) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.86 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | -0.76 | +1.80 |
| Martin ratioReturn relative to average drawdown | 2.08 | -1.36 | +3.44 |
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 | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | -0.90 | +1.52 |
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 | 0.26 | -0.10 |
Drawdowns
NLR vs. IBIT - Drawdown Comparison
The maximum NLR drawdown since its inception was -65.05%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for NLR and IBIT.
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Drawdown Indicators
| NLR | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.05% | -52.11% | -12.94% |
Max Drawdown (1Y)Largest decline over 1 year | -25.80% | -52.11% | +26.31% |
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% | -49.66% | +24.63% |
Average DrawdownAverage peak-to-trough decline | -35.71% | -16.19% | -19.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.87% | 28.97% | -16.10% |
Volatility
NLR vs. IBIT - Volatility Comparison
VanEck Uranium and Nuclear ETF (NLR) has a higher volatility of 13.36% compared to iShares Bitcoin Trust ETF (IBIT) at 11.85%. This indicates that NLR's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NLR | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.36% | 11.85% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 33.24% | 34.60% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.96% | 44.28% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.43% | 50.32% | -20.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.14% | 50.32% | -26.18% |
NLR vs. IBIT - Expense Ratio Comparison
NLR has a 0.56% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
NLR vs. IBIT - Dividend Comparison
NLR's dividend yield for the trailing twelve months is around 2.57%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust 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 IBIT 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.
NLR has higher volatility (13.36%) compared to IBIT (11.85%). In terms of maximum drawdown, NLR dropped -65.05% vs IBIT's -52.11%.
On 1-year performance, NLR leads with 26.72% vs -39.44% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 11.85%. 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 -39.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.56% for NLR.
NLR has the higher dividend yield at 2.57%, compared with 0.00% for IBIT.
NLR is categorized as Alternative Energy Equities, while IBIT is Cryptocurrency. NLR tracks MVIS Global Uranium & Nuclear Energy Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.56% for NLR and 0.25% for IBIT.
NLR currently has the higher Sharpe Ratio (0.63 vs -0.90), 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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