NUCG.L vs. NCLP.L

Last updated Jun 26, 2026

NUCG.L (VanEck Uranium and Nuclear Technologies UCITS ETF) and NCLP.L (WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating) are both Uranium funds - NUCG.L tracks the MarketVector Global Uranium and Nuclear Energy Infrastructure while NCLP.L tracks the WisdomTree Uranium and Nuclear Energy UCITS Index. Both are passively managed. Over the past year, NUCG.L returned 25.34% vs 41.69% for NCLP.L. Their correlation of 0.87 suggests significant overlap in exposure. NUCG.L charges 0.55%/yr vs 0.45%/yr for NCLP.L.

Performance

NUCG.L vs. NCLP.L - 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 WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NUCG.L is traded in USD, while NCLP.L is traded in GBp. To make them comparable, the NCLP.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 2.53% return, which is significantly lower than NCLP.L's 8.04% return.

NUCG.L

• 1D: -3.19%
• 1M: -9.37%
• YTD: 2.53%
• 6M: -0.68%
• 1Y: 25.34%
• 3Y*: 38.74%
• 5Y*: —
• 10Y*: —

NCLP.L

• 1D: 0.00%
• 1M: -9.41%
• YTD: 8.04%
• 6M: 4.49%
• 1Y: 41.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NUCG.L vs. NCLP.L - Yearly Performance Comparison

	2026 (YTD)	2025
NUCG.L VanEck Uranium and Nuclear Technologies UCITS ETF	2.53%	78.20%
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating	8.04%	63.91%

Correlation

The correlation between NUCG.L and NCLP.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025	0.87

The correlation between NUCG.L and NCLP.L has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

Return for Risk

NUCG.L vs. NCLP.L — 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: 21
NUCG.L Sharpe Ratio Rank: 20
NUCG.L Sortino Ratio Rank: 22
NUCG.L Omega Ratio Rank: 20
NUCG.L Calmar Ratio Rank: 22
NUCG.L Martin Ratio Rank: 19

NCLP.L

NCLP.L Risk / Return Rank: 26
NCLP.L Sharpe Ratio Rank: 22
NCLP.L Sortino Ratio Rank: 28
NCLP.L Omega Ratio Rank: 33
NCLP.L Calmar Ratio Rank: 26
NCLP.L Martin Ratio Rank: 22

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. NCLP.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 WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.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	NCLP.L	Difference
Sharpe ratio: Return per unit of total volatility	0.64	0.65	-0.02
Sortino ratio: Return per unit of downside risk	1.14	1.33	-0.19
Omega ratio: Gain probability vs. loss probability	1.13	1.19	-0.06
Calmar ratio: Return relative to maximum drawdown	0.95	1.04	-0.09
Martin ratio: Return relative to average drawdown	2.03	2.24	-0.21

NUCG.L vs. NCLP.L - Sharpe Ratio Comparison

The current NUCG.L Sharpe Ratio is 0.64, which is comparable to the NCLP.L Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of NUCG.L and NCLP.L, 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. NCLP.L - Drawdown Comparison

The maximum NUCG.L drawdown since its inception was -35.35%, smaller than the maximum NCLP.L drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for NUCG.L and NCLP.L.

Drawdown Indicators

	NUCG.L	NCLP.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-40.08%	+4.73%
Max Drawdown (1Y) Largest decline over 1 year	-26.65%	-40.08%	+13.43%
Max Drawdown (3Y) Largest decline over 3 years	-35.35%	—	—
Current Drawdown Current decline from peak	-21.33%	-27.03%	+5.70%
Average Drawdown Average peak-to-trough decline	-10.62%	-14.23%	+3.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.49%	18.59%	-6.10%

Volatility

NUCG.L vs. NCLP.L - Volatility Comparison

The current volatility for VanEck Uranium and Nuclear Technologies UCITS ETF (NUCG.L) is 12.57%, while WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) has a volatility of 13.32%. This indicates that NUCG.L experiences smaller price fluctuations and is considered to be less risky than NCLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUCG.L	NCLP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.57%	13.32%	-0.75%
Volatility (6M) Calculated over the trailing 6-month period	28.30%	33.63%	-5.33%
Volatility (1Y) Calculated over the trailing 1-year period	39.87%	63.75%	-23.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.40%	62.98%	-28.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.40%	62.98%	-28.58%

NUCG.L vs. NCLP.L - Expense Ratio Comparison

NUCG.L has a 0.55% expense ratio, which is higher than NCLP.L's 0.45% expense ratio.

Dividends

NUCG.L vs. NCLP.L - Dividend Comparison

Neither NUCG.L nor NCLP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

NUCG.L and NCLP.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NUCG.L or NCLP.L?

On fees, NCLP.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NUCG.L or NCLP.L?

NCLP.L is cheaper with a 0.45% expense ratio, compared with 0.55% for NUCG.L.

What is the main difference between NUCG.L and NCLP.L?

NUCG.L tracks MarketVector Global Uranium and Nuclear Energy Infrastructure, while NCLP.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index. They also come from different issuers: VanEck and WisdomTree. Their fees differ too: 0.55% for NUCG.L and 0.45% for NCLP.L.