NUKL.DE vs. ^NDX

Last updated Apr 3, 2026

Compare and contrast key facts about VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) and NASDAQ 100 Index (^NDX).

NUKL.DE is a passively managed fund by VanEck that tracks the performance of the MarketVector Global Uranium and Nuclear Energy Infrastructure. It was launched on Feb 3, 2023.

Performance

NUKL.DE vs. ^NDX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) and NASDAQ 100 Index (^NDX). The values are adjusted to include any dividend payments, if applicable.

NUKL.DE vs. ^NDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NUKL.DE VanEck Uranium and Nuclear Technologies UCITS ETF A	7.58%	51.50%	38.03%	24.46%
^NDX NASDAQ 100 Index	-3.05%	5.91%	33.12%	30.73%

Different Trading Currencies

NUKL.DE is traded in EUR, while ^NDX is traded in USD. To make them comparable, the ^NDX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, NUKL.DE achieves a 7.58% return, which is significantly higher than ^NDX's -3.41% return.

NUKL.DE

• 1D: -1.47%
• 1M: -6.01%
• YTD: 7.58%
• 6M: -0.54%
• 1Y: 95.44%
• 3Y*: 44.00%
• 5Y*: —
• 10Y*: —

^NDX

• 1D: 0.00%
• 1M: -2.46%
• YTD: -3.41%
• 6M: -2.24%
• 1Y: 14.83%
• 3Y*: 19.85%
• 5Y*: 12.90%
• 10Y*: 18.02%

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

Return for Risk

NUKL.DE vs. ^NDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NUKL.DE

NUKL.DE Risk / Return Rank: 88
NUKL.DE Sharpe Ratio Rank: 92
NUKL.DE Sortino Ratio Rank: 91
NUKL.DE Omega Ratio Rank: 82
NUKL.DE Calmar Ratio Rank: 93
NUKL.DE Martin Ratio Rank: 83

^NDX

^NDX Risk / Return Rank: 71
^NDX Sharpe Ratio Rank: 66
^NDX Sortino Ratio Rank: 71
^NDX Omega Ratio Rank: 70
^NDX Calmar Ratio Rank: 74
^NDX Martin Ratio Rank: 76

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.

NUKL.DE vs. ^NDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) and NASDAQ 100 Index (^NDX). 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.

	NUKL.DE	^NDX	Difference
Sharpe ratio Return per unit of total volatility	2.19	0.60	+1.59
Sortino ratio Return per unit of downside risk	2.76	1.00	+1.76
Omega ratio Gain probability vs. loss probability	1.34	1.15	+0.19
Calmar ratio Return relative to maximum drawdown	4.00	1.06	+2.94
Martin ratio Return relative to average drawdown	10.65	3.52	+7.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NUKL.DE vs. ^NDX - Sharpe Ratio Comparison

The current NUKL.DE Sharpe Ratio is 2.19, which is higher than the ^NDX Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of NUKL.DE and ^NDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NUKL.DE	^NDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	0.60	+1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	0.67	+0.46

Correlation

The correlation between NUKL.DE and ^NDX is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

NUKL.DE vs. ^NDX - Drawdown Comparison

The maximum NUKL.DE drawdown since its inception was -37.52%, smaller than the maximum ^NDX drawdown of -46.44%. Use the drawdown chart below to compare losses from any high point for NUKL.DE and ^NDX.

Drawdown Indicators

	NUKL.DE	^NDX	Difference
Max Drawdown Largest peak-to-trough decline	-37.52%	-82.90%	+45.38%
Max Drawdown (1Y) Largest decline over 1 year	-27.12%	-12.12%	-15.00%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.56%	—
Current Drawdown Current decline from peak	-16.03%	-7.94%	-8.09%
Average Drawdown Average peak-to-trough decline	-7.55%	-24.72%	+17.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.18%	3.52%	+6.66%

Volatility

NUKL.DE vs. ^NDX - Volatility Comparison

VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) has a higher volatility of 12.14% compared to NASDAQ 100 Index (^NDX) at 5.50%. This indicates that NUKL.DE's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUKL.DE	^NDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.14%	5.50%	+6.64%
Volatility (6M) Calculated over the trailing 6-month period	32.63%	13.15%	+19.48%
Volatility (1Y) Calculated over the trailing 1-year period	43.30%	24.92%	+18.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.99%	22.25%	+11.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.99%	22.85%	+11.14%