NLR vs. NGEX.TO
NLR (VanEck Uranium and Nuclear ETF) is Alternative Energy Equities fund tracking the MVIS Global Uranium & Nuclear Energy Index, while NGEX.TO (NGEx Minerals Ltd) is a stock. Over the past 5 years, NLR returned 19.78%/yr vs 100.50%/yr for NGEX.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
NLR vs. NGEX.TO - Performance Comparison
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Different Trading Currencies
NLR is traded in USD, while NGEX.TO is traded in CAD. To make them comparable, the NGEX.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NLR achieves a -1.81% return, which is significantly lower than NGEX.TO's 1.77% 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%
NGEX.TO
- 1D
- 6.56%
- 1M
- -12.32%
- YTD
- 1.77%
- 6M
- 4.46%
- 1Y
- 71.50%
- 3Y*
- 56.05%
- 5Y*
- 100.50%
- 10Y*
- —
NLR vs. NGEX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NLR VanEck Uranium and Nuclear ETF | -1.81% | 56.50% | 14.26% | 36.67% | 2.29% | 13.63% | 3.49% | 1.70% |
NGEX.TO NGEx Minerals Ltd | 1.77% | 100.03% | 72.67% | 138.13% | 56.57% | 255.95% | 38.35% | -40.47% |
Correlation
The correlation between NLR and NGEX.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2019 | 0.20 |
Over the past year, NLR and NGEX.TO have become more correlated (0.43) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
NLR vs. NGEX.TO — Risk / Return Rank
NLR
NGEX.TO
NLR vs. NGEX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Uranium and Nuclear ETF (NLR) and NGEx Minerals Ltd (NGEX.TO). 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 | NGEX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.23 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 2.33 | -1.70 |
| Martin ratioReturn relative to average drawdown | 1.41 | 5.79 | -4.38 |
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Drawdowns
NLR vs. NGEX.TO - Drawdown Comparison
The maximum NLR drawdown since its inception was -65.05%, roughly equal to the maximum NGEX.TO drawdown of -68.12%. Use the drawdown chart below to compare losses from any high point for NLR and NGEX.TO.
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Drawdown Indicators
| NLR | NGEX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.05% | -68.12% | +3.07% |
Max Drawdown (1Y)Largest decline over 1 year | -29.72% | -30.80% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -30.80% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -30.48% | -68.12% | +37.64% |
Max Drawdown (10Y)Largest decline over 10 years | -34.35% | — | — |
Current DrawdownCurrent decline from peak | -25.81% | -18.14% | -7.67% |
Average DrawdownAverage peak-to-trough decline | -35.70% | -19.44% | -16.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.33% | 12.38% | +0.95% |
Volatility
NLR vs. NGEX.TO - Volatility Comparison
The current volatility for VanEck Uranium and Nuclear ETF (NLR) is 13.73%, while NGEx Minerals Ltd (NGEX.TO) has a volatility of 26.50%. This indicates that NLR experiences smaller price fluctuations and is considered to be less risky than NGEX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NLR | NGEX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.73% | 26.50% | -12.77% |
Volatility (6M)Calculated over the trailing 6-month period | 33.75% | 46.12% | -12.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.85% | 58.60% | -15.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.56% | 63.39% | -33.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.22% | 72.51% | -48.29% |
Dividends
NLR vs. NGEX.TO - Dividend Comparison
NLR's dividend yield for the trailing twelve months is around 2.60%, while NGEX.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NGEX.TO NGEx Minerals Ltd | 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
NLR and NGEX.TO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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