NUCG.L vs. ^GSPC

Last updated Jun 26, 2026

NUCG.L (VanEck Uranium and Nuclear Technologies UCITS ETF) is Uranium fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, NUCG.L returned 38.74%/yr vs 19.34%/yr for ^GSPC. At a 0.37 correlation, their price movements are largely independent.

Performance

NUCG.L vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Uranium and Nuclear Technologies UCITS ETF (NUCG.L) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NUCG.L achieves a 2.53% return, which is significantly lower than ^GSPC's 7.48% return.

NUCG.L

• 1D: -3.19%
• 1M: -9.37%
• YTD: 2.53%
• 6M: -0.68%
• 1Y: 25.34%
• 3Y*: 38.74%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: -0.01%
• 1M: -2.15%
• YTD: 7.48%
• 6M: 6.14%
• 1Y: 20.77%
• 3Y*: 19.34%
• 5Y*: 11.44%
• 10Y*: 13.91%

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

NUCG.L vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NUCG.L VanEck Uranium and Nuclear Technologies UCITS ETF	2.53%	56.10%	31.89%	0.05%
^GSPC S&P 500 Index	7.48%	16.39%	23.31%	14.12%

Correlation

The correlation between NUCG.L and ^GSPC is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023	0.37

Return for Risk

NUCG.L vs. ^GSPC — Risk / Return Rank

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

NUCG.L

NUCG.L Risk / Return Rank: 21
NUCG.L Sharpe Ratio Rank: 20
NUCG.L Sortino Ratio Rank: 22
NUCG.L Omega Ratio Rank: 20
NUCG.L Calmar Ratio Rank: 22
NUCG.L Martin Ratio Rank: 19

^GSPC

^GSPC Risk / Return Rank: 70
^GSPC Sharpe Ratio Rank: 68
^GSPC Sortino Ratio Rank: 71
^GSPC Omega Ratio Rank: 71
^GSPC Calmar Ratio Rank: 62
^GSPC Martin Ratio Rank: 78

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.

NUCG.L vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Uranium and Nuclear Technologies UCITS ETF (NUCG.L) and S&P 500 Index (^GSPC). 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.

	NUCG.L	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	0.64	1.67	-1.03
Sortino ratio: Return per unit of downside risk	1.14	2.29	-1.15
Omega ratio: Gain probability vs. loss probability	1.13	1.30	-0.17
Calmar ratio: Return relative to maximum drawdown	0.95	2.29	-1.34
Martin ratio: Return relative to average drawdown	2.03	10.09	-8.06

NUCG.L vs. ^GSPC - Sharpe Ratio Comparison

The current NUCG.L Sharpe Ratio is 0.64, which is lower than the ^GSPC Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of NUCG.L and ^GSPC, 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

NUCG.L vs. ^GSPC - Drawdown Comparison

The maximum NUCG.L drawdown since its inception was -35.35%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for NUCG.L and ^GSPC.

Drawdown Indicators

	NUCG.L	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-56.78%	+21.43%
Max Drawdown (1Y) Largest decline over 1 year	-26.65%	-9.10%	-17.55%
Max Drawdown (3Y) Largest decline over 3 years	-35.35%	-18.90%	-16.45%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-21.33%	-3.32%	-18.01%
Average Drawdown Average peak-to-trough decline	-10.62%	-10.71%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.49%	2.06%	+10.43%

Volatility

NUCG.L vs. ^GSPC - Volatility Comparison

VanEck Uranium and Nuclear Technologies UCITS ETF (NUCG.L) has a higher volatility of 12.57% compared to S&P 500 Index (^GSPC) at 4.82%. This indicates that NUCG.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUCG.L	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.57%	4.82%	+7.75%
Volatility (6M) Calculated over the trailing 6-month period	28.30%	9.88%	+18.42%
Volatility (1Y) Calculated over the trailing 1-year period	39.87%	12.50%	+27.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.40%	17.00%	+17.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.40%	18.07%	+16.33%

Frequently Asked Questions

Can I hold both NUCG.L and ^GSPC in my portfolio?

NUCG.L and ^GSPC have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.