NLR vs. RAYS

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Vectors Uranium+Nuclear Energy ETF (NLR) and Global X Solar ETF (RAYS).

NLR and RAYS 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. RAYS is a passively managed fund by Global X that tracks the performance of the Solactive Solar Index. It was launched on Sep 8, 2021. Both NLR and RAYS 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. RAYS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Uranium+Nuclear Energy ETF (NLR) and Global X Solar ETF (RAYS). The values are adjusted to include any dividend payments, if applicable.

NLR vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
NLR VanEck Vectors Uranium+Nuclear Energy ETF	-5.89%
RAYS Global X Solar ETF	0.00%

Returns By Period

NLR

• 1D: 0.88%
• 1M: -12.66%
• YTD: 8.18%
• 6M: 0.14%
• 1Y: 85.99%
• 3Y*: 37.72%
• 5Y*: 23.55%
• 10Y*: 13.96%

RAYS

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NLR vs. RAYS - Expense Ratio Comparison

NLR has a 0.60% expense ratio, which is higher than RAYS's 0.50% expense ratio.

NLR

VanEck Vectors Uranium+Nuclear Energy ETF

RAYS

Global X Solar ETF

Return for Risk

NLR vs. RAYS — Risk / Return Rank

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

NLR

NLR Risk / Return Rank: 86
NLR Sharpe Ratio Rank: 90
NLR Sortino Ratio Rank: 90
NLR Omega Ratio Rank: 82
NLR Calmar Ratio Rank: 92
NLR Martin Ratio Rank: 75

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. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Uranium+Nuclear Energy ETF (NLR) and Global X Solar ETF (RAYS). 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	RAYS	Difference
Sharpe ratio Return per unit of total volatility	2.05	—	—
Sortino ratio Return per unit of downside risk	2.62	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	3.41	—	—
Martin ratio Return relative to average drawdown	8.20	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NLR	RAYS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	—	—

Dividends

NLR vs. RAYS - Dividend Comparison

NLR's dividend yield for the trailing twelve months is around 2.36%, while RAYS has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NLR VanEck Vectors Uranium+Nuclear Energy ETF	2.36%	2.55%	0.76%	4.54%	2.02%	1.99%	2.23%	2.21%	3.91%	4.86%	3.62%	3.30%
RAYS Global X Solar 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%

Drawdowns

NLR vs. RAYS - Drawdown Comparison

The maximum NLR drawdown since its inception was -65.05%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for NLR and RAYS.

Drawdown Indicators

	NLR	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-65.05%	0.00%	-65.05%
Max Drawdown (1Y) Largest decline over 1 year	-25.80%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.35%	—	—
Current Drawdown Current decline from peak	-18.26%	0.00%	-18.26%
Average Drawdown Average peak-to-trough decline	-35.90%	0.00%	-35.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.73%	—	—

Volatility

Volatility by Period

	NLR	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	32.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	42.20%	0.00%	+42.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.16%	0.00%	+28.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.38%	0.00%	+23.38%