NUKL.DE vs. NCLR.L
NUKL.DE (VanEck Uranium and Nuclear Technologies UCITS ETF A) and NCLR.L (WisdomTree Uranium and Nuclear Energy UCITS ETF) are both exchange-traded funds - NUKL.DE is a Energy Equities fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure, while NCLR.L is a Alternative Energy Equities fund tracking the WisdomTree Uranium and Nuclear Energy UCITS Index. Both are passively managed. Over the past year, NUKL.DE returned 50.82% vs 71.90% for NCLR.L. Their correlation of 0.91 suggests significant overlap in exposure. NUKL.DE charges 0.55%/yr vs 0.45%/yr for NCLR.L.
Performance
NUKL.DE vs. NCLR.L - Performance Comparison
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Different Trading Currencies
NUKL.DE is traded in EUR, while NCLR.L is traded in GBp. To make them comparable, the NCLR.L 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 11.67% return, which is significantly lower than NCLR.L's 17.13% return.
NUKL.DE
- 1D
- 0.87%
- 1M
- -1.33%
- YTD
- 11.67%
- 6M
- 4.20%
- 1Y
- 50.82%
- 3Y*
- 41.91%
- 5Y*
- —
- 10Y*
- —
NCLR.L
- 1D
- 0.03%
- 1M
- -9.21%
- YTD
- 17.13%
- 6M
- 13.67%
- 1Y
- 71.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NUKL.DE vs. NCLR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NUKL.DE VanEck Uranium and Nuclear Technologies UCITS ETF A | 11.67% | 79.06% |
NCLR.L WisdomTree Uranium and Nuclear Energy UCITS ETF | 17.13% | 104.71% |
Correlation
The correlation between NUKL.DE and NCLR.L is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2025 | 0.91 |
The correlation between NUKL.DE and NCLR.L has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.
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Return for Risk
NUKL.DE vs. NCLR.L — Risk / Return Rank
NUKL.DE
NCLR.L
NUKL.DE vs. NCLR.L - 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 WisdomTree Uranium and Nuclear Energy UCITS ETF (NCLR.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.
| NUKL.DE | NCLR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.47 | -0.61 |
| Martin ratioReturn relative to average drawdown | 4.43 | 6.15 | -1.71 |
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
| NUKL.DE | NCLR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.51 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 2.16 | -1.06 |
Drawdowns
NUKL.DE vs. NCLR.L - Drawdown Comparison
The maximum NUKL.DE drawdown since its inception was -37.52%, which is greater than NCLR.L's maximum drawdown of -28.95%. Use the drawdown chart below to compare losses from any high point for NUKL.DE and NCLR.L.
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Drawdown Indicators
| NUKL.DE | NCLR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.52% | -28.95% | -8.57% |
Max Drawdown (1Y)Largest decline over 1 year | -27.12% | -28.95% | +1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -37.52% | — | — |
Current DrawdownCurrent decline from peak | -12.83% | -17.27% | +4.44% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -8.43% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.43% | 11.66% | -0.23% |
Volatility
NUKL.DE vs. NCLR.L - Volatility Comparison
The current volatility for VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) is 11.05%, while WisdomTree Uranium and Nuclear Energy UCITS ETF (NCLR.L) has a volatility of 14.13%. This indicates that NUKL.DE experiences smaller price fluctuations and is considered to be less risky than NCLR.L 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 | NCLR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.05% | 14.13% | -3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 28.97% | 34.67% | -5.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.82% | 47.43% | -5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.24% | 47.77% | -13.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.24% | 47.77% | -13.53% |
NUKL.DE vs. NCLR.L - Expense Ratio Comparison
NUKL.DE has a 0.55% expense ratio, which is higher than NCLR.L's 0.45% expense ratio.
Dividends
NUKL.DE vs. NCLR.L - Dividend Comparison
Neither NUKL.DE nor NCLR.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, NUKL.DE and NCLR.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, NCLR.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NCLR.L is cheaper with a 0.45% expense ratio, compared with 0.55% for NUKL.DE.
NUKL.DE is categorized as Energy Equities, while NCLR.L is Alternative Energy Equities. NUKL.DE tracks MarketVector Global Uranium and Nuclear Energy Infrastructure, while NCLR.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index. They also come from different issuers: VanEck and WisdomTree. Their fees differ too: 0.55% for NUKL.DE and 0.45% for NCLR.L.
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