NUCG.L vs. ERNS.L
NUCG.L (VanEck Uranium and Nuclear Technologies UCITS ETF) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - NUCG.L is a Uranium fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure, while ERNS.L is a Ultrashort Bond fund tracking the Markit iBoxx GBP Liquid Investment Grade Ultrashort Index. Both are passively managed. Over the past 3 years, NUCG.L returned 34.64%/yr vs 6.18%/yr for ERNS.L. At a 0.02 correlation, their price movements are largely independent. NUCG.L charges 0.55%/yr vs 0.09%/yr for ERNS.L.
Performance
NUCG.L vs. ERNS.L - Performance Comparison
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Different Trading Currencies
NUCG.L is traded in USD, while ERNS.L is traded in GBP. To make them comparable, the ERNS.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 -6.84% return, which is significantly lower than ERNS.L's 2.57% return.
NUCG.L
- 1D
- -2.57%
- 1M
- -13.84%
- 6M
- -21.33%
- YTD
- -6.84%
- 1Y
- 8.49%
- 3Y*
- 34.64%
- 5Y*
- —
- 10Y*
- —
ERNS.L
- 1D
- 1.18%
- 1M
- 1.18%
- 6M
- 2.71%
- YTD
- 2.57%
- 1Y
- 5.44%
- 3Y*
- 6.18%
- 5Y*
- 3.37%
- 10Y*
- 2.49%
NUCG.L vs. ERNS.L - 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% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 2.57% | 12.75% | 3.79% | 8.78% |
Correlation
The correlation between NUCG.L and ERNS.L is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023 | 0.02 |
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Return for Risk
NUCG.L vs. ERNS.L — Risk / Return Rank
NUCG.L
ERNS.L
NUCG.L vs. ERNS.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 £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.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 | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.15 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 1.31 | -1.01 |
| Martin ratioReturn relative to average drawdown | 0.62 | 2.91 | -2.30 |
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Drawdowns
NUCG.L vs. ERNS.L - Drawdown Comparison
The maximum NUCG.L drawdown since its inception was -35.35%, roughly equal to the maximum ERNS.L drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for NUCG.L and ERNS.L.
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Drawdown Indicators
| NUCG.L | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.35% | -34.17% | -1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -28.52% | -4.13% | -24.39% |
Max Drawdown (3Y)Largest decline over 3 years | -35.35% | -7.89% | -27.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.43% | — |
Current DrawdownCurrent decline from peak | -28.52% | -0.33% | -28.19% |
Average DrawdownAverage peak-to-trough decline | -10.84% | -15.98% | +5.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.74% | 1.86% | +11.88% |
Volatility
NUCG.L vs. ERNS.L - Volatility Comparison
VanEck Uranium and Nuclear Technologies UCITS ETF (NUCG.L) has a higher volatility of 9.19% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 2.07%. This indicates that NUCG.L's price experiences larger fluctuations and is considered to be riskier than ERNS.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 | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.19% | 2.07% | +7.12% |
Volatility (6M)Calculated over the trailing 6-month period | 28.21% | 5.11% | +23.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.44% | 6.70% | +33.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.42% | 8.61% | +25.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.42% | 8.89% | +25.53% |
NUCG.L vs. ERNS.L - Expense Ratio Comparison
NUCG.L has a 0.55% expense ratio, which is higher than ERNS.L's 0.09% expense ratio.
Dividends
NUCG.L vs. ERNS.L - Dividend Comparison
NUCG.L has not paid dividends to shareholders, while ERNS.L's dividend yield for the trailing twelve months is around 4.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 4.28% | 4.65% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% |
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 ERNS.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNS.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNS.L is cheaper with a 0.09% expense ratio, compared with 0.55% for NUCG.L.
NUCG.L is categorized as Uranium, while ERNS.L is Ultrashort Bond. NUCG.L tracks MarketVector Global Uranium and Nuclear Energy Infrastructure, while ERNS.L tracks Markit iBoxx GBP Liquid Investment Grade Ultrashort Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.55% for NUCG.L and 0.09% for ERNS.L.
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