NUCG.L vs. ^GSPC

Last updated Jul 16, 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 34.64%/yr vs 18.90%/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 -6.84% return, which is significantly lower than ^GSPC's 10.62% return.

NUCG.L

• 1D: -2.57%
• 1M: -13.84%
• 6M: -21.33%
• YTD: -6.84%
• 1Y: 8.49%
• 3Y*: 34.64%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 0.38%
• 1M: 0.24%
• 6M: 9.32%
• YTD: 10.62%
• 1Y: 21.28%
• 3Y*: 18.90%
• 5Y*: 11.84%
• 10Y*: 13.36%

*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	-6.84%	56.10%	31.89%	0.05%
^GSPC S&P 500 Index	10.62%	16.39%	23.31%	14.12%

Correlation

The correlation between NUCG.L and ^GSPC 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 (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: 13
NUCG.L Sharpe Ratio Rank: 13
NUCG.L Sortino Ratio Rank: 14
NUCG.L Omega Ratio Rank: 14
NUCG.L Calmar Ratio Rank: 13
NUCG.L Martin Ratio Rank: 13

^GSPC

^GSPC Risk / Return Rank: 81
^GSPC Sharpe Ratio Rank: 79
^GSPC Sortino Ratio Rank: 81
^GSPC Omega Ratio Rank: 84
^GSPC Calmar Ratio Rank: 74
^GSPC Martin Ratio Rank: 86

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	0.21	1.70	-1.49
Sortino ratio: Return per unit of downside risk	0.59	2.34	-1.75
Omega ratio: Gain probability vs. loss probability	1.07	1.31	-0.24
Calmar ratio: Return relative to maximum drawdown	0.30	2.35	-2.05
Martin ratio: Return relative to average drawdown	0.62	10.19	-9.57

NUCG.L vs. ^GSPC - Sharpe Ratio Comparison

The current NUCG.L Sharpe Ratio is 0.21, which is lower than the ^GSPC Sharpe Ratio of 1.70. 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	-28.52%	-9.10%	-19.42%
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	-28.52%	-0.49%	-28.03%
Average Drawdown Average peak-to-trough decline	-10.84%	-10.70%	-0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.74%	2.09%	+11.65%

Volatility

NUCG.L vs. ^GSPC - Volatility Comparison

VanEck Uranium and Nuclear Technologies UCITS ETF (NUCG.L) has a higher volatility of 9.19% compared to S&P 500 Index (^GSPC) at 3.60%. 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	9.19%	3.60%	+5.59%
Volatility (6M) Calculated over the trailing 6-month period	28.21%	9.99%	+18.22%
Volatility (1Y) Calculated over the trailing 1-year period	40.44%	12.55%	+27.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.42%	17.01%	+17.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.42%	18.05%	+16.37%

Frequently Asked Questions

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

NUCG.L and ^GSPC 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.