NUCG.L vs. SILG.L
NUCG.L (VanEck Uranium and Nuclear Technologies UCITS ETF) and SILG.L (Global X Silver Miners UCITS ETF USD Accumulating) are both exchange-traded funds - NUCG.L is a Commodity Producers Equities fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure, while SILG.L is a Silver fund tracking the Solactive Global Silver Miners Total Return v2 Index. Both are passively managed. Over the past 3 years, NUCG.L returned 42.28%/yr vs 49.26%/yr for SILG.L. At a 0.34 correlation, their price movements are largely independent. NUCG.L charges 0.55%/yr vs 0.65%/yr for SILG.L.
Performance
NUCG.L vs. SILG.L - Performance Comparison
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Different Trading Currencies
NUCG.L is traded in USD, while SILG.L is traded in GBP. To make them comparable, the SILG.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 13.00% return, which is significantly higher than SILG.L's 5.36% return.
NUCG.L
- 1D
- 1.33%
- 1M
- -5.19%
- YTD
- 13.00%
- 6M
- 3.75%
- 1Y
- 52.97%
- 3Y*
- 42.28%
- 5Y*
- —
- 10Y*
- —
SILG.L
- 1D
- 0.40%
- 1M
- -5.86%
- YTD
- 5.36%
- 6M
- 16.56%
- 1Y
- 88.05%
- 3Y*
- 49.26%
- 5Y*
- —
- 10Y*
- —
NUCG.L vs. SILG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NUCG.L VanEck Uranium and Nuclear Technologies UCITS ETF | 13.00% | 56.08% | 31.87% | 19.75% |
SILG.L Global X Silver Miners UCITS ETF USD Accumulating | 5.36% | 173.15% | 11.64% | 2.22% |
Correlation
The correlation between NUCG.L and SILG.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2023 | 0.34 |
The correlation between NUCG.L and SILG.L shifts across timeframes, from 0.34 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NUCG.L vs. SILG.L — Risk / Return Rank
NUCG.L
SILG.L
NUCG.L vs. SILG.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 Global X Silver Miners UCITS ETF USD Accumulating (SILG.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 | SILG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.29 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 2.99 | -0.94 |
| Martin ratioReturn relative to average drawdown | 4.70 | 7.23 | -2.52 |
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 | SILG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.88 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.69 | +0.29 |
Drawdowns
NUCG.L vs. SILG.L - Drawdown Comparison
The maximum NUCG.L drawdown since its inception was -35.36%, which is greater than SILG.L's maximum drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for NUCG.L and SILG.L.
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Drawdown Indicators
| NUCG.L | SILG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.36% | -31.97% | -3.39% |
Max Drawdown (1Y)Largest decline over 1 year | -26.65% | -31.97% | +5.32% |
Max Drawdown (3Y)Largest decline over 3 years | -35.36% | -31.97% | -3.39% |
Current DrawdownCurrent decline from peak | -13.31% | -25.27% | +11.96% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -13.21% | +4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 13.30% | -1.65% |
Volatility
NUCG.L vs. SILG.L - Volatility Comparison
The current volatility for VanEck Uranium and Nuclear Technologies UCITS ETF (NUCG.L) is 12.21%, while Global X Silver Miners UCITS ETF USD Accumulating (SILG.L) has a volatility of 19.16%. This indicates that NUCG.L experiences smaller price fluctuations and is considered to be less risky than SILG.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 | SILG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.21% | 19.16% | -6.95% |
Volatility (6M)Calculated over the trailing 6-month period | 27.51% | 41.44% | -13.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.88% | 51.03% | -11.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.92% | 42.60% | -5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.92% | 42.60% | -5.68% |
NUCG.L vs. SILG.L - Expense Ratio Comparison
NUCG.L has a 0.55% expense ratio, which is lower than SILG.L's 0.65% expense ratio.
Dividends
NUCG.L vs. SILG.L - Dividend Comparison
Neither NUCG.L nor SILG.L has paid dividends to shareholders.
Frequently Asked Questions
NUCG.L and SILG.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NUCG.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NUCG.L is cheaper with a 0.55% expense ratio, compared with 0.65% for SILG.L.
NUCG.L is categorized as Commodity Producers Equities, while SILG.L is Silver. NUCG.L tracks MarketVector Global Uranium and Nuclear Energy Infrastructure, while SILG.L tracks Solactive Global Silver Miners Total Return v2 Index. They also come from different issuers: VanEck and Global X. Their fees differ too: 0.55% for NUCG.L and 0.65% for SILG.L.
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