NUKL.DE vs. DEAM.DE
NUKL.DE (VanEck Uranium and Nuclear Technologies UCITS ETF A) and DEAM.DE (Invesco MDAX UCITS ETF A) are both exchange-traded funds - NUKL.DE is a Uranium fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure, while DEAM.DE is a Europe Equities fund tracking the MDAX®. Both are passively managed. Over the past 3 years, NUKL.DE returned 33.29%/yr vs 3.87%/yr for DEAM.DE. At a 0.40 correlation, their price movements are largely independent. NUKL.DE charges 0.55%/yr vs 0.19%/yr for DEAM.DE.
Performance
NUKL.DE vs. DEAM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NUKL.DE achieves a -8.46% return, which is significantly lower than DEAM.DE's 3.71% return.
NUKL.DE
- 1D
- 0.00%
- 1M
- -15.49%
- 6M
- -25.07%
- YTD
- -8.46%
- 1Y
- 2.25%
- 3Y*
- 33.29%
- 5Y*
- —
- 10Y*
- —
DEAM.DE
- 1D
- 0.06%
- 1M
- -1.89%
- 6M
- -0.55%
- YTD
- 3.71%
- 1Y
- 2.10%
- 3Y*
- 3.87%
- 5Y*
- -1.95%
- 10Y*
- —
NUKL.DE vs. DEAM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NUKL.DE VanEck Uranium and Nuclear Technologies UCITS ETF A | -8.46% | 51.50% | 38.03% | 15.17% |
DEAM.DE Invesco MDAX UCITS ETF A | 3.71% | 19.33% | -6.04% | -9.58% |
Correlation
The correlation between NUKL.DE and DEAM.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023 | 0.40 |
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Return for Risk
NUKL.DE vs. DEAM.DE — Risk / Return Rank
NUKL.DE
DEAM.DE
NUKL.DE vs. DEAM.DE - 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 Invesco MDAX UCITS ETF A (DEAM.DE). 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.
| NUKL.DE | DEAM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.04 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.15 | -0.03 |
| Martin ratioReturn relative to average drawdown | 0.27 | 0.43 | -0.16 |
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Drawdowns
NUKL.DE vs. DEAM.DE - Drawdown Comparison
The maximum NUKL.DE drawdown since its inception was -37.52%, smaller than the maximum DEAM.DE drawdown of -40.04%. Use the drawdown chart below to compare losses from any high point for NUKL.DE and DEAM.DE.
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Drawdown Indicators
| NUKL.DE | DEAM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.52% | -40.04% | +2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -28.54% | -14.95% | -13.59% |
Max Drawdown (3Y)Largest decline over 3 years | -37.52% | -18.48% | -19.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.04% | — |
Current DrawdownCurrent decline from peak | -28.54% | -13.92% | -14.62% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -16.18% | +7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.55% | 5.36% | +8.19% |
Volatility
NUKL.DE vs. DEAM.DE - Volatility Comparison
VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) has a higher volatility of 8.21% compared to Invesco MDAX UCITS ETF A (DEAM.DE) at 4.94%. This indicates that NUKL.DE's price experiences larger fluctuations and is considered to be riskier than DEAM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUKL.DE | DEAM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.21% | 4.94% | +3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 28.78% | 15.96% | +12.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.02% | 18.83% | +23.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.53% | 19.40% | +15.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.53% | 19.56% | +14.97% |
NUKL.DE vs. DEAM.DE - Expense Ratio Comparison
NUKL.DE has a 0.55% expense ratio, which is higher than DEAM.DE's 0.19% expense ratio.
Dividends
NUKL.DE vs. DEAM.DE - Dividend Comparison
Neither NUKL.DE nor DEAM.DE has paid dividends to shareholders.
Frequently Asked Questions
NUKL.DE and DEAM.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEAM.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEAM.DE is cheaper with a 0.19% expense ratio, compared with 0.55% for NUKL.DE.
NUKL.DE is categorized as Uranium, while DEAM.DE is Europe Equities. NUKL.DE tracks MarketVector Global Uranium and Nuclear Energy Infrastructure, while DEAM.DE tracks MDAX®. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.55% for NUKL.DE and 0.19% for DEAM.DE.
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