NLR vs. SMH
Compare and contrast key facts about VanEck Vectors Uranium+Nuclear Energy ETF (NLR) and VanEck Semiconductor ETF (SMH).
NLR and SMH 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. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011. Both NLR and SMH 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. SMH - Performance Comparison
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NLR vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NLR VanEck Vectors Uranium+Nuclear Energy ETF | 7.24% | 56.50% | 14.26% | 36.67% | 2.29% | 13.63% | 3.49% | 0.20% | 4.94% | 8.25% |
SMH VanEck Semiconductor ETF | 6.46% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Returns By Period
In the year-to-date period, NLR achieves a 7.24% return, which is significantly higher than SMH's 6.46% return. Over the past 10 years, NLR has underperformed SMH with an annualized return of 13.86%, while SMH has yielded a comparatively higher 31.28% annualized return.
NLR
- 1D
- 4.76%
- 1M
- -10.17%
- YTD
- 7.24%
- 6M
- 0.63%
- 1Y
- 86.31%
- 3Y*
- 37.32%
- 5Y*
- 23.33%
- 10Y*
- 13.86%
SMH
- 1D
- 5.76%
- 1M
- -5.65%
- YTD
- 6.46%
- 6M
- 17.84%
- 1Y
- 81.87%
- 3Y*
- 43.47%
- 5Y*
- 25.59%
- 10Y*
- 31.28%
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NLR vs. SMH - Expense Ratio Comparison
NLR has a 0.60% expense ratio, which is higher than SMH's 0.35% expense ratio.
Return for Risk
NLR vs. SMH — Risk / Return Rank
NLR
SMH
NLR vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Uranium+Nuclear Energy ETF (NLR) and VanEck Semiconductor ETF (SMH). 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 | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 2.23 | -0.18 |
Sortino ratioReturn per unit of downside risk | 2.63 | 2.85 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.40 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 3.26 | 5.10 | -1.83 |
Martin ratioReturn relative to average drawdown | 7.88 | 18.29 | -10.41 |
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 | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 2.23 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.74 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.97 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.28 | -0.10 |
Correlation
The correlation between NLR and SMH is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
NLR vs. SMH - Dividend Comparison
NLR's dividend yield for the trailing twelve months is around 2.38%, more than SMH's 0.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NLR VanEck Vectors Uranium+Nuclear Energy ETF | 2.38% | 2.55% | 0.76% | 4.54% | 2.02% | 1.99% | 2.23% | 2.21% | 3.91% | 4.86% | 3.62% | 3.30% |
SMH VanEck Semiconductor ETF | 0.29% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
NLR vs. SMH - Drawdown Comparison
The maximum NLR drawdown since its inception was -65.05%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for NLR and SMH.
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Drawdown Indicators
| NLR | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.05% | -84.96% | +19.91% |
Max Drawdown (1Y)Largest decline over 1 year | -25.80% | -15.95% | -9.85% |
Max Drawdown (5Y)Largest decline over 5 years | -30.48% | -45.30% | +14.82% |
Max Drawdown (10Y)Largest decline over 10 years | -34.35% | -45.30% | +10.95% |
Current DrawdownCurrent decline from peak | -18.97% | -10.03% | -8.94% |
Average DrawdownAverage peak-to-trough decline | -35.91% | -41.36% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.67% | 4.44% | +6.23% |
Volatility
NLR vs. SMH - Volatility Comparison
VanEck Vectors Uranium+Nuclear Energy ETF (NLR) has a higher volatility of 14.04% compared to VanEck Semiconductor ETF (SMH) at 12.11%. This indicates that NLR's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NLR | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.04% | 12.11% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 32.94% | 23.95% | +8.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.23% | 36.84% | +5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.16% | 34.71% | -6.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.39% | 32.28% | -8.89% |