NUCG.L vs. BNS
NUCG.L (VanEck Uranium and Nuclear Technologies UCITS ETF) is Commodity Producers Equities fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure, while BNS (The Bank of Nova Scotia) is a stock. Over the past 3 years, NUCG.L returned 36.37%/yr vs 27.10%/yr for BNS. At a 0.27 correlation, their price movements are largely independent.
Performance
NUCG.L vs. BNS - Performance Comparison
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Returns By Period
In the year-to-date period, NUCG.L achieves a 2.96% return, which is significantly lower than BNS's 16.52% return.
NUCG.L
- 1D
- 3.48%
- 1M
- -8.61%
- YTD
- 2.96%
- 6M
- -1.20%
- 1Y
- 28.70%
- 3Y*
- 36.37%
- 5Y*
- —
- 10Y*
- —
BNS
- 1D
- 1.57%
- 1M
- 8.61%
- YTD
- 16.52%
- 6M
- 17.99%
- 1Y
- 62.38%
- 3Y*
- 27.10%
- 5Y*
- 11.56%
- 10Y*
- 11.61%
NUCG.L vs. BNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NUCG.L VanEck Uranium and Nuclear Technologies UCITS ETF | 2.96% | 56.10% | 31.89% | 0.05% |
BNS The Bank of Nova Scotia | 16.52% | 45.11% | 17.55% | -5.07% |
Correlation
The correlation between NUCG.L and BNS is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023 | 0.27 |
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Return for Risk
NUCG.L vs. BNS — Risk / Return Rank
NUCG.L
BNS
NUCG.L vs. BNS - 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 The Bank of Nova Scotia (BNS). 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 | BNS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.04 | ||
| Sortino ratioReturn per unit of downside risk | -4.00 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.68 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 4.69 | -3.66 |
| Martin ratioReturn relative to average drawdown | 2.28 | 18.38 | -16.10 |
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Drawdowns
NUCG.L vs. BNS - Drawdown Comparison
The maximum NUCG.L drawdown since its inception was -35.35%, smaller than the maximum BNS drawdown of -63.65%. Use the drawdown chart below to compare losses from any high point for NUCG.L and BNS.
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Drawdown Indicators
| NUCG.L | BNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.35% | -63.65% | +28.30% |
Max Drawdown (1Y)Largest decline over 1 year | -26.65% | -13.36% | -13.29% |
Max Drawdown (3Y)Largest decline over 3 years | -35.35% | -19.51% | -15.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.29% | — |
Current DrawdownCurrent decline from peak | -21.00% | 0.00% | -21.00% |
Average DrawdownAverage peak-to-trough decline | -10.55% | -11.01% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.10% | 3.40% | +8.70% |
Volatility
NUCG.L vs. BNS - Volatility Comparison
VanEck Uranium and Nuclear Technologies UCITS ETF (NUCG.L) has a higher volatility of 12.56% compared to The Bank of Nova Scotia (BNS) at 4.91%. This indicates that NUCG.L's price experiences larger fluctuations and is considered to be riskier than BNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUCG.L | BNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.56% | 4.91% | +7.65% |
Volatility (6M)Calculated over the trailing 6-month period | 28.37% | 12.97% | +15.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.94% | 16.80% | +23.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.38% | 19.57% | +14.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.38% | 21.92% | +12.46% |
Dividends
NUCG.L vs. BNS - Dividend Comparison
NUCG.L has not paid dividends to shareholders, while BNS's dividend yield for the trailing twelve months is around 3.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNS The Bank of Nova Scotia | 3.79% | 4.17% | 5.85% | 8.56% | 6.39% | 5.09% | 4.93% | 3.53% | 6.34% | 4.80% | 5.24% | 8.13% |
NUCG.L VanEck Uranium and Nuclear Technologies UCITS ETF | 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
NUCG.L and BNS have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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