NLR vs. VWRA.L

Last updated Jun 13, 2026

NLR (VanEck Uranium and Nuclear ETF) and VWRA.L (Vanguard FTSE All-World UCITS ETF USD Accumulating) are both exchange-traded funds - NLR is a Alternative Energy Equities fund tracking the MVIS Global Uranium & Nuclear Energy Index, while VWRA.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, NLR returned 19.78%/yr vs 10.91%/yr for VWRA.L. At a 0.41 correlation, their price movements are largely independent. NLR charges 0.56%/yr vs 0.22%/yr for VWRA.L.

Performance

NLR vs. VWRA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Uranium and Nuclear ETF (NLR) and Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NLR achieves a -1.81% return, which is significantly lower than VWRA.L's 10.21% 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%

VWRA.L

• 1D: 2.32%
• 1M: 0.88%
• YTD: 10.21%
• 6M: 11.90%
• 1Y: 25.71%
• 3Y*: 19.80%
• 5Y*: 10.91%
• 10Y*: —

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

NLR vs. VWRA.L - 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%	-0.70%
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating	10.21%	22.45%	17.65%	22.28%	-18.11%	18.46%	16.19%	7.42%

Correlation

The correlation between NLR and VWRA.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019	0.41

NLR vs. VWRA.L - Sectors Allocation Comparison

Sectors	NLR	VWRA.L
Energy	46.0%	4.3%
Utilities	37.4%	2.7%
Industrials	15.1%	9.8%
Technology	1.5%	31.1%
Basic Materials	-	3.3%
Communication Services	-	9.1%
Consumer Cyclical	-	9.1%
Consumer Defensive	-	4.8%
Financial Services	-	16.0%
Healthcare	-	8.2%
Real Estate	-	1.4%

Return for Risk

NLR vs. VWRA.L — Risk / Return Rank

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

NLR

NLR Risk / Return Rank: 18
NLR Sharpe Ratio Rank: 17
NLR Sortino Ratio Rank: 19
NLR Omega Ratio Rank: 18
NLR Calmar Ratio Rank: 18
NLR Martin Ratio Rank: 17

VWRA.L

VWRA.L Risk / Return Rank: 73
VWRA.L Sharpe Ratio Rank: 72
VWRA.L Sortino Ratio Rank: 78
VWRA.L Omega Ratio Rank: 73
VWRA.L Calmar Ratio Rank: 67
VWRA.L Martin Ratio Rank: 73

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. VWRA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Uranium and Nuclear ETF (NLR) and Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L). 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	VWRA.L	Difference
Sharpe ratio: Return per unit of total volatility	0.44	2.01	-1.57
Sortino ratio: Return per unit of downside risk	0.90	3.00	-2.10
Omega ratio: Gain probability vs. loss probability	1.10	1.37	-0.26
Calmar ratio: Return relative to maximum drawdown	0.63	2.91	-2.28
Martin ratio: Return relative to average drawdown	1.41	11.88	-10.47

NLR vs. VWRA.L - Sharpe Ratio Comparison

The current NLR Sharpe Ratio is 0.44, which is lower than the VWRA.L Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of NLR and VWRA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NLR vs. VWRA.L - Drawdown Comparison

The maximum NLR drawdown since its inception was -65.05%, which is greater than VWRA.L's maximum drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for NLR and VWRA.L.

Drawdown Indicators

	NLR	VWRA.L	Difference
Max Drawdown Largest peak-to-trough decline	-65.05%	-33.62%	-31.43%
Max Drawdown (1Y) Largest decline over 1 year	-29.72%	-8.78%	-20.94%
Max Drawdown (3Y) Largest decline over 3 years	-30.48%	-16.26%	-14.22%
Max Drawdown (5Y) Largest decline over 5 years	-30.48%	-26.06%	-4.42%
Max Drawdown (10Y) Largest decline over 10 years	-34.35%	—	—
Current Drawdown Current decline from peak	-25.81%	-1.98%	-23.83%
Average Drawdown Average peak-to-trough decline	-35.70%	-5.36%	-30.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.33%	2.16%	+11.17%

Volatility

NLR vs. VWRA.L - Volatility Comparison

VanEck Uranium and Nuclear ETF (NLR) has a higher volatility of 13.73% compared to Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) at 4.38%. This indicates that NLR's price experiences larger fluctuations and is considered to be riskier than VWRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NLR	VWRA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.73%	4.38%	+9.35%
Volatility (6M) Calculated over the trailing 6-month period	33.75%	10.27%	+23.48%
Volatility (1Y) Calculated over the trailing 1-year period	42.85%	12.74%	+30.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.56%	15.39%	+14.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.22%	17.25%	+6.97%

NLR vs. VWRA.L - Expense Ratio Comparison

NLR has a 0.56% expense ratio, which is higher than VWRA.L's 0.22% expense ratio.

Dividends

NLR vs. VWRA.L - Dividend Comparison

NLR's dividend yield for the trailing twelve months is around 2.60%, while VWRA.L 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	2.60%	2.55%	0.76%	4.54%	2.02%	1.99%	2.23%	2.21%	3.91%	4.86%	3.62%	3.30%
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating	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

Can I hold both NLR and VWRA.L in my portfolio?

NLR and VWRA.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NLR or VWRA.L?

On fees, VWRA.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NLR or VWRA.L?

VWRA.L is cheaper with a 0.22% expense ratio, compared with 0.56% for NLR.

What is the main difference between NLR and VWRA.L?

NLR is categorized as Alternative Energy Equities, while VWRA.L is Global Equities. NLR tracks MVIS Global Uranium & Nuclear Energy Index, while VWRA.L tracks FTSE All-World Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.56% for NLR and 0.22% for VWRA.L.