NUKL.DE vs. RENW.DE

Last updated Jun 5, 2026

NUKL.DE (VanEck Uranium and Nuclear Technologies UCITS ETF A) and RENW.DE (L&G Clean Energy UCITS ETF) are both Energy Equities funds - NUKL.DE tracks the MarketVector Global Uranium and Nuclear Energy Infrastructure while RENW.DE tracks the Solactive Clean Energy. Both are passively managed. Over the past 3 years, NUKL.DE returned 41.91%/yr vs 15.60%/yr for RENW.DE. A 0.51 correlation means they provide meaningful diversification when combined. NUKL.DE charges 0.55%/yr vs 0.49%/yr for RENW.DE.

Performance

NUKL.DE vs. RENW.DE - 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 L&G Clean Energy UCITS ETF (RENW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NUKL.DE achieves a 11.67% return, which is significantly lower than RENW.DE's 43.00% return.

NUKL.DE

• 1D: 0.87%
• 1M: -1.33%
• YTD: 11.67%
• 6M: 4.20%
• 1Y: 50.82%
• 3Y*: 41.91%
• 5Y*: —
• 10Y*: —

RENW.DE

• 1D: -1.77%
• 1M: 4.66%
• YTD: 43.00%
• 6M: 41.09%
• 1Y: 80.00%
• 3Y*: 15.60%
• 5Y*: 9.15%
• 10Y*: —

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

NUKL.DE vs. RENW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NUKL.DE VanEck Uranium and Nuclear Technologies UCITS ETF A	11.67%	51.50%	38.03%	24.46%
RENW.DE L&G Clean Energy UCITS ETF	43.00%	35.27%	-9.64%	-16.58%

Correlation

The correlation between NUKL.DE and RENW.DE is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023	0.51

The correlation between NUKL.DE and RENW.DE has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.

Return for Risk

NUKL.DE vs. RENW.DE — 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: 34
NUKL.DE Sharpe Ratio Rank: 34
NUKL.DE Sortino Ratio Rank: 35
NUKL.DE Omega Ratio Rank: 32
NUKL.DE Calmar Ratio Rank: 38
NUKL.DE Martin Ratio Rank: 31

RENW.DE

RENW.DE Risk / Return Rank: 93
RENW.DE Sharpe Ratio Rank: 94
RENW.DE Sortino Ratio Rank: 92
RENW.DE Omega Ratio Rank: 89
RENW.DE Calmar Ratio Rank: 96
RENW.DE Martin Ratio Rank: 96

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. RENW.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 L&G Clean Energy UCITS ETF (RENW.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.

	NUKL.DE	RENW.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.21	3.49	-2.28
Sortino ratio: Return per unit of downside risk	1.81	4.36	-2.56
Omega ratio: Gain probability vs. loss probability	1.21	1.56	-0.35
Calmar ratio: Return relative to maximum drawdown	1.86	9.22	-7.36
Martin ratio: Return relative to average drawdown	4.43	34.50	-30.07
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. RENW.DE - Sharpe Ratio Comparison

The current NUKL.DE Sharpe Ratio is 1.21, which is lower than the RENW.DE Sharpe Ratio of 3.49. The chart below compares the historical Sharpe Ratios of NUKL.DE and RENW.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NUKL.DE	RENW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	3.49	-2.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.49	+0.61

Drawdowns

NUKL.DE vs. RENW.DE - Drawdown Comparison

The maximum NUKL.DE drawdown since its inception was -37.52%, smaller than the maximum RENW.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for NUKL.DE and RENW.DE.

Drawdown Indicators

	NUKL.DE	RENW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-37.52%	-43.93%	+6.41%
Max Drawdown (1Y) Largest decline over 1 year	-27.12%	-8.63%	-18.49%
Max Drawdown (3Y) Largest decline over 3 years	-37.52%	-35.00%	-2.52%
Max Drawdown (5Y) Largest decline over 5 years	—	-42.30%	—
Current Drawdown Current decline from peak	-12.83%	-3.64%	-9.19%
Average Drawdown Average peak-to-trough decline	-7.79%	-17.33%	+9.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.43%	2.31%	+9.12%

Volatility

NUKL.DE vs. RENW.DE - Volatility Comparison

VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) has a higher volatility of 11.05% compared to L&G Clean Energy UCITS ETF (RENW.DE) at 8.24%. This indicates that NUKL.DE's price experiences larger fluctuations and is considered to be riskier than RENW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUKL.DE	RENW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.05%	8.24%	+2.81%
Volatility (6M) Calculated over the trailing 6-month period	28.97%	16.85%	+12.12%
Volatility (1Y) Calculated over the trailing 1-year period	41.82%	22.80%	+19.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.24%	22.02%	+12.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.24%	22.48%	+11.76%

NUKL.DE vs. RENW.DE - Expense Ratio Comparison

NUKL.DE has a 0.55% expense ratio, which is higher than RENW.DE's 0.49% expense ratio.

Dividends

NUKL.DE vs. RENW.DE - Dividend Comparison

Neither NUKL.DE nor RENW.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NUKL.DE and RENW.DE in my portfolio?

NUKL.DE and RENW.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NUKL.DE or RENW.DE?

On fees, RENW.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NUKL.DE or RENW.DE?

RENW.DE is cheaper with a 0.49% expense ratio, compared with 0.55% for NUKL.DE.

What is the main difference between NUKL.DE and RENW.DE?

NUKL.DE tracks MarketVector Global Uranium and Nuclear Energy Infrastructure, while RENW.DE tracks Solactive Clean Energy. They also come from different issuers: VanEck and Legal & General. Their fees differ too: 0.55% for NUKL.DE and 0.49% for RENW.DE.