NUCG.L vs. DFNS.L
NUCG.L (VanEck Uranium and Nuclear Technologies UCITS ETF) and DFNS.L (VanEck Defense UCITS ETF) are both exchange-traded funds - NUCG.L is a Commodity Producers Equities fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure, while DFNS.L is a Aerospace & Defense fund tracking the MarketVector™ Global Defense Industry Index. Both are passively managed. Over the past 3 years, NUCG.L returned 42.28%/yr vs 42.94%/yr for DFNS.L. At a 0.43 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
NUCG.L vs. DFNS.L - Performance Comparison
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Returns By Period
In the year-to-date period, NUCG.L achieves a 13.00% return, which is significantly higher than DFNS.L's 3.39% return.
NUCG.L
- 1D
- 1.33%
- 1M
- -5.19%
- YTD
- 13.00%
- 6M
- 3.75%
- 1Y
- 52.97%
- 3Y*
- 42.28%
- 5Y*
- —
- 10Y*
- —
DFNS.L
- 1D
- 0.49%
- 1M
- -3.98%
- YTD
- 3.39%
- 6M
- 8.02%
- 1Y
- 13.96%
- 3Y*
- 42.94%
- 5Y*
- —
- 10Y*
- —
NUCG.L vs. DFNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NUCG.L VanEck Uranium and Nuclear Technologies UCITS ETF | 13.00% | 56.08% | 31.87% | 37.12% |
DFNS.L VanEck Defense UCITS ETF | 3.39% | 68.21% | 43.74% | 25.73% |
Correlation
The correlation between NUCG.L and DFNS.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2023 | 0.43 |
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Return for Risk
NUCG.L vs. DFNS.L — Risk / Return Rank
NUCG.L
DFNS.L
NUCG.L vs. DFNS.L - 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 VanEck Defense UCITS ETF (DFNS.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.
| NUCG.L | DFNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.12 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 0.85 | +1.20 |
| Martin ratioReturn relative to average drawdown | 4.70 | 2.12 | +2.58 |
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
| NUCG.L | DFNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 0.64 | +0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 2.02 | -1.04 |
Drawdowns
NUCG.L vs. DFNS.L - Drawdown Comparison
The maximum NUCG.L drawdown since its inception was -35.36%, which is greater than DFNS.L's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for NUCG.L and DFNS.L.
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Drawdown Indicators
| NUCG.L | DFNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.36% | -18.72% | -16.64% |
Max Drawdown (1Y)Largest decline over 1 year | -26.65% | -18.72% | -7.93% |
Max Drawdown (3Y)Largest decline over 3 years | -35.36% | -18.72% | -16.64% |
Current DrawdownCurrent decline from peak | -13.31% | -15.44% | +2.13% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -3.40% | -5.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 7.56% | +4.09% |
Volatility
NUCG.L vs. DFNS.L - Volatility Comparison
VanEck Uranium and Nuclear Technologies UCITS ETF (NUCG.L) has a higher volatility of 12.21% compared to VanEck Defense UCITS ETF (DFNS.L) at 8.10%. This indicates that NUCG.L's price experiences larger fluctuations and is considered to be riskier than DFNS.L 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 | DFNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.21% | 8.10% | +4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 27.51% | 19.53% | +7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.88% | 24.86% | +15.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.92% | 21.55% | +15.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.92% | 21.55% | +15.37% |
NUCG.L vs. DFNS.L - Expense Ratio Comparison
Both NUCG.L and DFNS.L have an expense ratio of 0.55%.
Dividends
NUCG.L vs. DFNS.L - Dividend Comparison
Neither NUCG.L nor DFNS.L has paid dividends to shareholders.
Frequently Asked Questions
NUCG.L and DFNS.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NUCG.L and DFNS.L have the same expense ratio: 0.55% per year.
NUCG.L is categorized as Commodity Producers Equities, while DFNS.L is Aerospace & Defense. NUCG.L tracks MarketVector Global Uranium and Nuclear Energy Infrastructure, while DFNS.L tracks MarketVector™ Global Defense Industry Index.
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