NUCG.L vs. WENS.L
NUCG.L (VanEck Uranium and Nuclear Technologies UCITS ETF) and WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) are both exchange-traded funds - NUCG.L is a Commodity Producers Equities fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure, while WENS.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, NUCG.L returned 42.28%/yr vs 16.80%/yr for WENS.L. At a 0.23 correlation, their price movements are largely independent. NUCG.L charges 0.55%/yr vs 0.25%/yr for WENS.L.
Performance
NUCG.L vs. WENS.L - Performance Comparison
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Different Trading Currencies
NUCG.L is traded in USD, while WENS.L is traded in GBP. To make them comparable, the WENS.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 lower than WENS.L's 31.06% return.
NUCG.L
- 1D
- 1.33%
- 1M
- -5.19%
- YTD
- 13.00%
- 6M
- 3.75%
- 1Y
- 52.97%
- 3Y*
- 42.28%
- 5Y*
- —
- 10Y*
- —
WENS.L
- 1D
- -0.38%
- 1M
- -1.47%
- YTD
- 31.06%
- 6M
- 27.61%
- 1Y
- 42.63%
- 3Y*
- 16.80%
- 5Y*
- —
- 10Y*
- —
NUCG.L vs. WENS.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% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 31.07% | 11.03% | 0.39% | -0.39% |
Correlation
The correlation between NUCG.L and WENS.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 | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2023 | 0.23 |
The correlation between NUCG.L and WENS.L shifts across timeframes, from -0.06 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NUCG.L vs. WENS.L — Risk / Return Rank
NUCG.L
WENS.L
NUCG.L vs. WENS.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 MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.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 | WENS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.36 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 3.39 | -1.33 |
| Martin ratioReturn relative to average drawdown | 4.70 | 11.47 | -6.77 |
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 | WENS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 2.06 | -0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.69 | +0.29 |
Drawdowns
NUCG.L vs. WENS.L - Drawdown Comparison
The maximum NUCG.L drawdown since its inception was -35.36%, which is greater than WENS.L's maximum drawdown of -20.04%. Use the drawdown chart below to compare losses from any high point for NUCG.L and WENS.L.
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Drawdown Indicators
| NUCG.L | WENS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.36% | -20.04% | -15.32% |
Max Drawdown (1Y)Largest decline over 1 year | -26.65% | -12.53% | -14.12% |
Max Drawdown (3Y)Largest decline over 3 years | -35.36% | -20.04% | -15.32% |
Current DrawdownCurrent decline from peak | -13.31% | -5.96% | -7.35% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -5.44% | -3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 3.71% | +7.94% |
Volatility
NUCG.L vs. WENS.L - Volatility Comparison
VanEck Uranium and Nuclear Technologies UCITS ETF (NUCG.L) has a higher volatility of 12.21% compared to iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) at 7.63%. This indicates that NUCG.L's price experiences larger fluctuations and is considered to be riskier than WENS.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 | WENS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.21% | 7.63% | +4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 27.51% | 17.84% | +9.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.88% | 20.64% | +19.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.92% | 22.39% | +14.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.92% | 22.39% | +14.53% |
NUCG.L vs. WENS.L - Expense Ratio Comparison
NUCG.L has a 0.55% expense ratio, which is higher than WENS.L's 0.25% expense ratio.
Dividends
NUCG.L vs. WENS.L - Dividend Comparison
Neither NUCG.L nor WENS.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
NUCG.L VanEck Uranium and Nuclear Technologies UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 0.00% | 0.00% | 1.75% | 3.61% | 1.77% |
Frequently Asked Questions
NUCG.L and WENS.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, WENS.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WENS.L is cheaper with a 0.25% expense ratio, compared with 0.55% for NUCG.L.
NUCG.L is categorized as Commodity Producers Equities, while WENS.L is Energy Equities. NUCG.L tracks MarketVector Global Uranium and Nuclear Energy Infrastructure, while WENS.L tracks MSCI World/Energy NR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.55% for NUCG.L and 0.25% for WENS.L.
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