NUCG.L vs. EMIM.L
NUCG.L (VanEck Uranium and Nuclear Technologies UCITS ETF) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - NUCG.L is a Commodity Producers Equities fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure, while EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 3 years, NUCG.L returned 36.37%/yr vs 21.50%/yr for EMIM.L. At a 0.46 correlation, their price movements are largely independent. NUCG.L charges 0.55%/yr vs 0.18%/yr for EMIM.L.
Performance
NUCG.L vs. EMIM.L - Performance Comparison
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Different Trading Currencies
NUCG.L is traded in USD, while EMIM.L is traded in GBp. To make them comparable, the EMIM.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NUCG.L achieves a 2.96% return, which is significantly lower than EMIM.L's 22.27% return.
NUCG.L
- 1D
- 3.48%
- 1M
- -10.44%
- YTD
- 2.96%
- 6M
- -1.20%
- 1Y
- 27.62%
- 3Y*
- 36.37%
- 5Y*
- —
- 10Y*
- —
EMIM.L
- 1D
- 2.68%
- 1M
- 0.81%
- YTD
- 22.27%
- 6M
- 25.64%
- 1Y
- 42.59%
- 3Y*
- 21.50%
- 5Y*
- 7.44%
- 10Y*
- 10.56%
NUCG.L vs. EMIM.L - 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% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 22.27% | 32.66% | 7.36% | 1.84% |
Correlation
The correlation between NUCG.L and EMIM.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023 | 0.46 |
The correlation between NUCG.L and EMIM.L has been stable across timeframes, ranging from 0.44 to 0.54 - a consistent structural relationship.
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Return for Risk
NUCG.L vs. EMIM.L — Risk / Return Rank
NUCG.L
EMIM.L
NUCG.L vs. EMIM.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 iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.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.
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 | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.40 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 3.28 | -2.24 |
| Martin ratioReturn relative to average drawdown | 2.28 | 11.64 | -9.36 |
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Drawdowns
NUCG.L vs. EMIM.L - Drawdown Comparison
The maximum NUCG.L drawdown since its inception was -35.35%, smaller than the maximum EMIM.L drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for NUCG.L and EMIM.L.
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Drawdown Indicators
| NUCG.L | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.35% | -39.32% | +3.97% |
Max Drawdown (1Y)Largest decline over 1 year | -26.65% | -12.93% | -13.72% |
Max Drawdown (3Y)Largest decline over 3 years | -35.35% | -17.29% | -18.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.32% | — |
Current DrawdownCurrent decline from peak | -21.00% | -3.99% | -17.01% |
Average DrawdownAverage peak-to-trough decline | -10.55% | -13.99% | +3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.10% | 3.65% | +8.45% |
Volatility
NUCG.L vs. EMIM.L - Volatility Comparison
VanEck Uranium and Nuclear Technologies UCITS ETF (NUCG.L) has a higher volatility of 12.56% compared to iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) at 8.11%. This indicates that NUCG.L's price experiences larger fluctuations and is considered to be riskier than EMIM.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 | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.56% | 8.11% | +4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 28.37% | 16.75% | +11.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.94% | 19.29% | +20.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.38% | 18.40% | +15.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.38% | 19.28% | +15.10% |
NUCG.L vs. EMIM.L - Expense Ratio Comparison
NUCG.L has a 0.55% expense ratio, which is higher than EMIM.L's 0.18% expense ratio.
Dividends
NUCG.L vs. EMIM.L - Dividend Comparison
Neither NUCG.L nor EMIM.L has paid dividends to shareholders.
Frequently Asked Questions
NUCG.L and EMIM.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMIM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMIM.L is cheaper with a 0.18% expense ratio, compared with 0.55% for NUCG.L.
NUCG.L is categorized as Commodity Producers Equities, while EMIM.L is Emerging Markets Equities. NUCG.L tracks MarketVector Global Uranium and Nuclear Energy Infrastructure, while EMIM.L tracks MSCI EM NR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.55% for NUCG.L and 0.18% for EMIM.L.
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