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NLR vs. TUR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NLR vs. TUR

Last updated Jul 21, 2026
Documentation

NLR (VanEck Uranium and Nuclear ETF) and TUR (iShares MSCI Turkey ETF) are both exchange-traded funds - NLR is a Uranium fund tracking the MVIS Global Uranium & Nuclear Energy Index, while TUR is a Emerging Markets Equities fund tracking the MSCI Turkey Investable Market Index. Both are passively managed. Over the past 10 years, NLR returned 10.66%/yr vs 3.98%/yr for TUR. At a 0.36 correlation, their price movements are largely independent. NLR charges 0.56%/yr vs 0.59%/yr for TUR.

Performance

NLR vs. TUR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Uranium and Nuclear ETF (NLR) and iShares MSCI Turkey ETF (TUR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, NLR achieves a -15.40% return, which is significantly lower than TUR's 15.93% return. Over the past 10 years, NLR has outperformed TUR with an annualized return of 10.66%, while TUR has yielded a comparatively lower 3.98% annualized return.

NLR

1D
0.83%
1M
-17.23%
6M
-29.26%
YTD
-15.40%
1Y
-8.06%
3Y*
23.46%
5Y*
17.81%
10Y*
10.66%
ALL TIME*
3.20%

TUR

1D
1.26%
1M
-3.76%
6M
3.89%
YTD
15.93%
1Y
22.19%
3Y*
10.36%
5Y*
16.26%
10Y*
3.98%
ALL TIME*
1.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NLR vs. TUR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
NLR
VanEck Uranium and Nuclear ETF		-15.40%56.50%14.26%36.67%2.29%13.63%3.49%0.20%4.94%8.25%
TUR
iShares MSCI Turkey ETF		15.93%-1.54%12.91%-8.83%105.75%-27.41%-1.19%14.49%-41.46%37.58%

Correlation

The correlation between NLR and TUR is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.21

Correlation (5Y)
Calculated over the trailing 5-year period

0.22

Correlation (10Y)
Calculated over the trailing 10-year period

0.23

Correlation (All Time)
Calculated using the full available price history since Mar 28, 2008

0.36

The correlation between NLR and TUR shifts across timeframes, from 0.21 (3 years) to 0.36 (all time), reflecting how their relationship changes across market environments.

NLR vs. TUR - Sectors Allocation Comparison

Sectors
NLR
TUR

Energy

48.2%
6.9%

Utilities

26.2%
1.7%

Industrials

21.8%
25.2%

Basic Materials

2.3%
10.2%

Technology

1.6%
1.2%

Communication Services

-

3.4%

Consumer Cyclical

-

4.8%

Consumer Defensive

-

13.4%

Financial Services

-

15.4%

Healthcare

-

2.2%

Real Estate

-

1.2%

Energy

NLR
48.2%
TUR
6.9%

Utilities

NLR
26.2%
TUR
1.7%

Industrials

NLR
21.8%
TUR
25.2%

Basic Materials

NLR
2.3%
TUR
10.2%

Technology

NLR
1.6%
TUR
1.2%

Communication Services

NLR

-

TUR
3.4%

Consumer Cyclical

NLR

-

TUR
4.8%

Consumer Defensive

NLR

-

TUR
13.4%

Financial Services

NLR

-

TUR
15.4%

Healthcare

NLR

-

TUR
2.2%

Real Estate

NLR

-

TUR
1.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Uranium and Nuclear ETF

iShares MSCI Turkey ETF

Often compared with NLR:
NLR vs. URANLR vs. NUKZNLR vs. URNMNLR vs. OKLONLR vs. GRIDNLR vs. URANNLR vs. SMH
Often compared with TUR:
TUR vs. VOOTUR vs. HEDJTUR vs. AMRTUR vs. EPOLTUR vs. SPYTUR vs. VGKTUR vs. SFM

Return for Risk

NLR vs. TUR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NLR
NLR Risk / Return Rank: 88
Overall Rank
NLR Sharpe Ratio Rank: 88
Sharpe Ratio Rank
NLR Sortino Ratio Rank: 99
Sortino Ratio Rank
NLR Omega Ratio Rank: 99
Omega Ratio Rank
NLR Calmar Ratio Rank: 88
Calmar Ratio Rank
NLR Martin Ratio Rank: 88
Martin Ratio Rank
TUR
TUR Risk / Return Rank: 3434
Overall Rank
TUR Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
TUR Sortino Ratio Rank: 3333
Sortino Ratio Rank
TUR Omega Ratio Rank: 3535
Omega Ratio Rank
TUR Calmar Ratio Rank: 3636
Calmar Ratio Rank
TUR Martin Ratio Rank: 3232
Martin Ratio Rank
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. TUR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Uranium and Nuclear ETF (NLR) and iShares MSCI Turkey ETF (TUR). 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.

NLRTURDifference
Sharpe ratioReturn per unit of total volatility
-0.19
0.91

-1.09

Sortino ratioReturn per unit of downside risk
0.03
1.39

-1.37

Omega ratioGain probability vs. loss probability

1.00

1.18

-0.18

Calmar ratioReturn relative to maximum drawdown

-0.22

1.39

-1.61

Martin ratioReturn relative to average drawdown

-0.50

3.55

-4.05

NLR vs. TUR - Sharpe Ratio Comparison

The current NLR Sharpe Ratio is -0.19, which is lower than the TUR Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of NLR and TUR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

NLR vs. TUR - Drawdown Comparison

The maximum NLR drawdown since its inception was -65.05%, smaller than the maximum TUR drawdown of -72.34%. Use the drawdown chart below to compare losses from any high point for NLR and TUR.

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Drawdown Indicators

NLRTURDifference

Max Drawdown

Largest peak-to-trough decline

-65.05%

-72.34%

+7.29%

Max Drawdown (1Y)

Largest decline over 1 year

-36.61%

-16.07%

-20.54%

Max Drawdown (3Y)

Largest decline over 3 years

-36.61%

-31.63%

-4.98%

Max Drawdown (5Y)

Largest decline over 5 years

-36.61%

-31.63%

-4.98%

Max Drawdown (10Y)

Largest decline over 10 years

-36.61%

-59.25%

+22.64%

Current Drawdown

Current decline from peak

-36.08%

-27.04%

-9.04%

Average Drawdown

Average peak-to-trough decline

-35.67%

-39.81%

+4.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.20%

6.27%

+9.93%

Volatility

NLR vs. TUR - Volatility Comparison

VanEck Uranium and Nuclear ETF (NLR) has a higher volatility of 9.51% compared to iShares MSCI Turkey ETF (TUR) at 5.19%. This indicates that NLR's price experiences larger fluctuations and is considered to be riskier than TUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NLRTURDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.51%

5.19%

+4.32%

Volatility (6M)

Calculated over the trailing 6-month period

32.62%

20.41%

+12.21%

Volatility (1Y)

Calculated over the trailing 1-year period

43.18%

24.64%

+18.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.88%

34.16%

-4.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.43%

34.13%

-9.70%

NLR vs. TUR - Expense Ratio Comparison

NLR has a 0.56% expense ratio, which is lower than TUR's 0.59% expense ratio.

Dividends

NLR vs. TUR - Dividend Comparison

NLR's dividend yield for the trailing twelve months is around 3.01%, more than TUR's 2.13% yield.

PositionTTM20252024202320222021202020192018201720162015
NLR
VanEck Uranium and Nuclear ETF		3.01%2.55%0.76%4.54%2.02%1.99%2.23%2.21%3.91%4.86%3.62%3.30%
TUR
iShares MSCI Turkey ETF		2.13%2.40%1.79%4.43%1.97%4.22%0.87%3.29%4.05%2.64%2.89%3.04%

Frequently Asked Questions

NLR and TUR have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NLR has higher volatility (9.51%) compared to TUR (5.19%). In terms of maximum drawdown, NLR dropped -65.05% vs TUR's -72.34%.

On 10-year performance, NLR leads with 10.66% vs 3.98% for TUR. On fees, NLR is cheaper at 0.56% per year. On volatility, TUR has been the lower-risk option at 5.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, NLR has performed better with a 10.66% return vs 3.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

NLR is cheaper with a 0.56% expense ratio, compared with 0.59% for TUR.

NLR has the higher dividend yield at 3.01%, compared with 2.13% for TUR.

NLR is categorized as Uranium, while TUR is Emerging Markets Equities. NLR tracks MVIS Global Uranium & Nuclear Energy Index, while TUR tracks MSCI Turkey Investable Market Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.56% for NLR and 0.59% for TUR.

TUR currently has the higher Sharpe Ratio (0.91 vs -0.19), 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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