NNE vs. SETM
NNE (NANO Nuclear Energy Inc.) is a stock, while SETM (Sprott Energy Transition Materials ETF) is Energy Equities fund tracking the Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross. Over the past year, NNE returned -9.63% vs 144.21% for SETM. At a 0.41 correlation, their price movements are largely independent.
Performance
NNE vs. SETM - Performance Comparison
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Returns By Period
In the year-to-date period, NNE achieves a 9.83% return, which is significantly lower than SETM's 27.22% return.
NNE
- 1D
- -13.74%
- 1M
- 13.08%
- YTD
- 9.83%
- 6M
- -22.19%
- 1Y
- -9.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SETM
- 1D
- -4.09%
- 1M
- 2.39%
- YTD
- 27.22%
- 6M
- 33.66%
- 1Y
- 144.21%
- 3Y*
- 30.90%
- 5Y*
- —
- 10Y*
- —
NNE vs. SETM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NNE NANO Nuclear Energy Inc. | 9.83% | -3.55% | 379.67% |
SETM Sprott Energy Transition Materials ETF | 27.22% | 95.27% | -19.28% |
Correlation
The correlation between NNE and SETM is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since May 9, 2024 | 0.41 |
The correlation between NNE and SETM shifts across timeframes, from 0.41 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NNE vs. SETM — Risk / Return Rank
NNE
SETM
NNE vs. SETM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NANO Nuclear Energy Inc. (NNE) and Sprott Energy Transition Materials ETF (SETM). 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.
| NNE | SETM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.34 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.44 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 5.61 | -5.76 |
| Martin ratioReturn relative to average drawdown | -0.24 | 17.42 | -17.66 |
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
| NNE | SETM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | 3.25 | -3.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.59 | +0.22 |
Drawdowns
NNE vs. SETM - Drawdown Comparison
The maximum NNE drawdown since its inception was -77.68%, which is greater than SETM's maximum drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for NNE and SETM.
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Drawdown Indicators
| NNE | SETM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.68% | -42.81% | -34.87% |
Max Drawdown (1Y)Largest decline over 1 year | -66.45% | -25.85% | -40.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -42.81% | — |
Current DrawdownCurrent decline from peak | -53.43% | -7.30% | -46.13% |
Average DrawdownAverage peak-to-trough decline | -35.96% | -14.26% | -21.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.98% | 8.31% | +31.67% |
Volatility
NNE vs. SETM - Volatility Comparison
NANO Nuclear Energy Inc. (NNE) has a higher volatility of 37.95% compared to Sprott Energy Transition Materials ETF (SETM) at 13.58%. This indicates that NNE's price experiences larger fluctuations and is considered to be riskier than SETM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NNE | SETM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.95% | 13.58% | +24.37% |
Volatility (6M)Calculated over the trailing 6-month period | 67.43% | 34.49% | +32.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 98.37% | 44.71% | +53.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 148.79% | 36.57% | +112.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 148.79% | 36.57% | +112.22% |
Dividends
NNE vs. SETM - Dividend Comparison
NNE has not paid dividends to shareholders, while SETM's dividend yield for the trailing twelve months is around 1.23%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NNE NANO Nuclear Energy Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
SETM Sprott Energy Transition Materials ETF | 1.23% | 1.56% | 2.07% | 2.47% |
Frequently Asked Questions
NNE and SETM have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NNE has higher volatility (37.95%) compared to SETM (13.58%). In terms of maximum drawdown, NNE dropped -77.68% vs SETM's -42.81%.
SETM currently has the higher Sharpe Ratio (3.25 vs -0.10), 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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