NUKL.DE vs. GRID
NUKL.DE (VanEck Uranium and Nuclear Technologies UCITS ETF A) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - NUKL.DE is a Uranium fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 3 years, NUKL.DE returned 33.29%/yr vs 18.65%/yr for GRID. At a 0.45 correlation, their price movements are largely independent. NUKL.DE charges 0.55%/yr vs 0.70%/yr for GRID.
Performance
NUKL.DE vs. GRID - Performance Comparison
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Different Trading Currencies
NUKL.DE is traded in EUR, while GRID is traded in USD. To make them comparable, the GRID 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 -8.46% return, which is significantly lower than GRID's 19.91% return.
NUKL.DE
- 1D
- 0.00%
- 1M
- -15.49%
- 6M
- -25.07%
- YTD
- -8.46%
- 1Y
- 2.25%
- 3Y*
- 33.29%
- 5Y*
- —
- 10Y*
- —
GRID
- 1D
- 0.14%
- 1M
- -6.02%
- 6M
- 13.78%
- YTD
- 19.91%
- 1Y
- 27.14%
- 3Y*
- 18.65%
- 5Y*
- 16.28%
- 10Y*
- 18.04%
NUKL.DE vs. GRID - 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% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 19.91% | 14.27% | 22.79% | 8.79% |
Correlation
The correlation between NUKL.DE and GRID is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023 | 0.45 |
The correlation between NUKL.DE and GRID has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.
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Return for Risk
NUKL.DE vs. GRID — Risk / Return Rank
NUKL.DE
GRID
NUKL.DE vs. GRID - 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 First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). 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 | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.23 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 2.78 | -2.65 |
| Martin ratioReturn relative to average drawdown | 0.27 | 8.29 | -8.02 |
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Drawdowns
NUKL.DE vs. GRID - Drawdown Comparison
The maximum NUKL.DE drawdown since its inception was -37.52%, smaller than the maximum GRID drawdown of -41.27%. Use the drawdown chart below to compare losses from any high point for NUKL.DE and GRID.
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Drawdown Indicators
| NUKL.DE | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.52% | -41.27% | +3.75% |
Max Drawdown (1Y)Largest decline over 1 year | -28.54% | -9.82% | -18.72% |
Max Drawdown (3Y)Largest decline over 3 years | -37.52% | -24.27% | -13.25% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.27% | — |
Current DrawdownCurrent decline from peak | -28.54% | -9.70% | -18.84% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -7.09% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.55% | 3.28% | +10.27% |
Volatility
NUKL.DE vs. GRID - Volatility Comparison
VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) have volatilities of 8.21% and 8.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUKL.DE | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.21% | 8.48% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 28.78% | 17.74% | +11.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.02% | 20.89% | +21.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.53% | 19.95% | +14.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.53% | 22.09% | +12.44% |
NUKL.DE vs. GRID - Expense Ratio Comparison
NUKL.DE has a 0.55% expense ratio, which is lower than GRID's 0.70% expense ratio.
Dividends
NUKL.DE vs. GRID - Dividend Comparison
NUKL.DE has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 0.80% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
NUKL.DE VanEck Uranium and Nuclear Technologies UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NUKL.DE and GRID have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NUKL.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NUKL.DE is cheaper with a 0.55% expense ratio, compared with 0.70% for GRID.
NUKL.DE is categorized as Uranium, while GRID is Alternative Energy Equities. NUKL.DE tracks MarketVector Global Uranium and Nuclear Energy Infrastructure, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: VanEck and First Trust. Their fees differ too: 0.55% for NUKL.DE and 0.70% for GRID.
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