NLR vs. OKLO
NLR (VanEck Uranium and Nuclear ETF) is Uranium fund tracking the MVIS Global Uranium & Nuclear Energy Index, while OKLO (Oklo Inc.) is a stock. Over the past 5 years, NLR returned 18.61%/yr vs 35.66%/yr for OKLO. At a 0.47 correlation, their price movements are largely independent.
Performance
NLR vs. OKLO - Performance Comparison
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Returns By Period
In the year-to-date period, NLR achieves a -11.85% return, which is significantly higher than OKLO's -36.16% return.
NLR
- 1D
- -4.35%
- 1M
- -10.23%
- 6M
- -23.47%
- YTD
- -11.85%
- 1Y
- 3.73%
- 3Y*
- 25.20%
- 5Y*
- 18.61%
- 10Y*
- 11.16%
OKLO
- 1D
- -6.22%
- 1M
- -20.32%
- 6M
- -55.31%
- YTD
- -36.16%
- 1Y
- -18.31%
- 3Y*
- 64.08%
- 5Y*
- 35.66%
- 10Y*
- —
NLR vs. OKLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NLR VanEck Uranium and Nuclear ETF | -11.85% | 56.50% | 14.26% | 36.67% | 2.29% | 5.96% |
OKLO Oklo Inc. | -36.16% | 238.01% | 101.04% | 6.45% | 0.71% | -1.50% |
Correlation
The correlation between NLR and OKLO is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2021 | 0.47 |
Over the past year, NLR and OKLO have become more correlated (0.80) than their long-term average of 0.47, meaning their price movements have been converging.
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Return for Risk
NLR vs. OKLO — Risk / Return Rank
NLR
OKLO
NLR vs. OKLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Uranium and Nuclear ETF (NLR) and Oklo Inc. (OKLO). 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 | OKLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.05 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | -0.25 | +0.36 |
| Martin ratioReturn relative to average drawdown | 0.24 | -0.37 | +0.61 |
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Drawdowns
NLR vs. OKLO - Drawdown Comparison
The maximum NLR drawdown since its inception was -65.05%, smaller than the maximum OKLO drawdown of -73.83%. Use the drawdown chart below to compare losses from any high point for NLR and OKLO.
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Drawdown Indicators
| NLR | OKLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.05% | -73.83% | +8.78% |
Max Drawdown (1Y)Largest decline over 1 year | -33.39% | -73.83% | +40.44% |
Max Drawdown (3Y)Largest decline over 3 years | -33.39% | -73.83% | +40.44% |
Max Drawdown (5Y)Largest decline over 5 years | -33.39% | -73.83% | +40.44% |
Max Drawdown (10Y)Largest decline over 10 years | -34.35% | — | — |
Current DrawdownCurrent decline from peak | -33.39% | -73.69% | +40.30% |
Average DrawdownAverage peak-to-trough decline | -35.67% | -18.91% | -16.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.43% | 49.37% | -33.94% |
Volatility
NLR vs. OKLO - Volatility Comparison
The current volatility for VanEck Uranium and Nuclear ETF (NLR) is 10.55%, while Oklo Inc. (OKLO) has a volatility of 19.60%. This indicates that NLR experiences smaller price fluctuations and is considered to be less risky than OKLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NLR | OKLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.55% | 19.60% | -9.05% |
Volatility (6M)Calculated over the trailing 6-month period | 32.50% | 65.85% | -33.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.12% | 101.57% | -58.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.81% | 85.76% | -55.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.37% | 85.62% | -61.25% |
Dividends
NLR vs. OKLO - Dividend Comparison
NLR's dividend yield for the trailing twelve months is around 2.89%, while OKLO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NLR VanEck Uranium and Nuclear ETF | 2.89% | 2.55% | 0.76% | 4.54% | 2.02% | 1.99% | 2.23% | 2.21% | 3.91% | 4.86% | 3.62% | 3.30% |
OKLO Oklo Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NLR and OKLO have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OKLO has higher volatility (19.60%) compared to NLR (10.55%). In terms of maximum drawdown, NLR dropped -65.05% vs OKLO's -73.83%.
NLR currently has the higher Sharpe Ratio (0.09 vs -0.18), 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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