NUKL.DE vs. PHSP.L
NUKL.DE (VanEck Uranium and Nuclear Technologies UCITS ETF A) and PHSP.L (WisdomTree Physical Silver) are both exchange-traded funds - NUKL.DE is a Uranium fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure, while PHSP.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 3 years, NUKL.DE returned 33.29%/yr vs 29.27%/yr for PHSP.L. At a 0.30 correlation, their price movements are largely independent. NUKL.DE charges 0.55%/yr vs 0.49%/yr for PHSP.L.
Performance
NUKL.DE vs. PHSP.L - Performance Comparison
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Different Trading Currencies
NUKL.DE is traded in EUR, while PHSP.L is traded in GBp. To make them comparable, the PHSP.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 -8.46% return, which is significantly higher than PHSP.L's -19.97% return.
NUKL.DE
- 1D
- 0.00%
- 1M
- -15.49%
- 6M
- -25.07%
- YTD
- -8.46%
- 1Y
- 2.25%
- 3Y*
- 33.29%
- 5Y*
- —
- 10Y*
- —
PHSP.L
- 1D
- -0.82%
- 1M
- -19.77%
- 6M
- -36.21%
- YTD
- -19.97%
- 1Y
- 48.42%
- 3Y*
- 29.27%
- 5Y*
- 17.01%
- 10Y*
- 9.94%
NUKL.DE vs. PHSP.L - 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% |
PHSP.L WisdomTree Physical Silver | -19.97% | 117.70% | 28.78% | -0.52% |
Correlation
The correlation between NUKL.DE and PHSP.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023 | 0.30 |
The correlation between NUKL.DE and PHSP.L shifts across timeframes, from 0.30 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NUKL.DE vs. PHSP.L — Risk / Return Rank
NUKL.DE
PHSP.L
NUKL.DE vs. PHSP.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 Physical Silver (PHSP.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.
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 | PHSP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.19 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.99 | -0.86 |
| Martin ratioReturn relative to average drawdown | 0.27 | 2.06 | -1.79 |
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Drawdowns
NUKL.DE vs. PHSP.L - Drawdown Comparison
The maximum NUKL.DE drawdown since its inception was -37.52%, smaller than the maximum PHSP.L drawdown of -71.39%. Use the drawdown chart below to compare losses from any high point for NUKL.DE and PHSP.L.
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Drawdown Indicators
| NUKL.DE | PHSP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.52% | -71.39% | +33.87% |
Max Drawdown (1Y)Largest decline over 1 year | -28.54% | -48.90% | +20.36% |
Max Drawdown (3Y)Largest decline over 3 years | -37.52% | -48.90% | +11.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.90% | — |
Current DrawdownCurrent decline from peak | -28.54% | -48.90% | +20.36% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -42.76% | +33.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.55% | 23.42% | -9.87% |
Volatility
NUKL.DE vs. PHSP.L - Volatility Comparison
The current volatility for VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) is 8.21%, while WisdomTree Physical Silver (PHSP.L) has a volatility of 12.56%. This indicates that NUKL.DE experiences smaller price fluctuations and is considered to be less risky than PHSP.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 | PHSP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.21% | 12.56% | -4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 28.78% | 50.54% | -21.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.02% | 56.40% | -14.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.53% | 37.09% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.53% | 31.14% | +3.39% |
NUKL.DE vs. PHSP.L - Expense Ratio Comparison
NUKL.DE has a 0.55% expense ratio, which is higher than PHSP.L's 0.49% expense ratio.
Dividends
NUKL.DE vs. PHSP.L - Dividend Comparison
Neither NUKL.DE nor PHSP.L has paid dividends to shareholders.
Frequently Asked Questions
NUKL.DE and PHSP.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PHSP.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PHSP.L is cheaper with a 0.49% expense ratio, compared with 0.55% for NUKL.DE.
NUKL.DE is categorized as Uranium, while PHSP.L is Silver. NUKL.DE tracks MarketVector Global Uranium and Nuclear Energy Infrastructure, while PHSP.L tracks LBMA Silver Price. They also come from different issuers: VanEck and WisdomTree. Their fees differ too: 0.55% for NUKL.DE and 0.49% for PHSP.L.
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