NUKL.DE vs. SMLP.DE
NUKL.DE (VanEck Uranium and Nuclear Technologies UCITS ETF A) and SMLP.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc) are both Energy Equities funds - NUKL.DE tracks the MarketVector Global Uranium and Nuclear Energy Infrastructure while SMLP.DE tracks the Morningstar MLP Composite. Both are passively managed. Over the past 3 years, NUKL.DE returned 41.91%/yr vs 15.69%/yr for SMLP.DE. At a 0.24 correlation, their price movements are largely independent. NUKL.DE charges 0.55%/yr vs 0.50%/yr for SMLP.DE.
Performance
NUKL.DE vs. SMLP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NUKL.DE achieves a 11.67% return, which is significantly lower than SMLP.DE's 21.07% return.
NUKL.DE
- 1D
- 0.87%
- 1M
- -1.33%
- YTD
- 11.67%
- 6M
- 4.20%
- 1Y
- 50.82%
- 3Y*
- 41.91%
- 5Y*
- —
- 10Y*
- —
SMLP.DE
- 1D
- -0.67%
- 1M
- 0.55%
- YTD
- 21.07%
- 6M
- 14.97%
- 1Y
- 13.65%
- 3Y*
- 15.69%
- 5Y*
- 18.35%
- 10Y*
- 6.71%
NUKL.DE vs. SMLP.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% |
SMLP.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc | 21.07% | -9.11% | 28.88% | 9.68% |
Correlation
The correlation between NUKL.DE and SMLP.DE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023 | 0.24 |
The correlation between NUKL.DE and SMLP.DE shifts across timeframes, from -0.02 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NUKL.DE vs. SMLP.DE — Risk / Return Rank
NUKL.DE
SMLP.DE
NUKL.DE vs. SMLP.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 Morningstar US Energy Infrastructure MLP UCITS ETF Acc (SMLP.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 | SMLP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.15 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.41 | +0.45 |
| Martin ratioReturn relative to average drawdown | 4.43 | 3.20 | +1.23 |
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 | SMLP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.83 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.89 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.10 | +1.00 |
Drawdowns
NUKL.DE vs. SMLP.DE - Drawdown Comparison
The maximum NUKL.DE drawdown since its inception was -37.52%, smaller than the maximum SMLP.DE drawdown of -79.34%. Use the drawdown chart below to compare losses from any high point for NUKL.DE and SMLP.DE.
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Drawdown Indicators
| NUKL.DE | SMLP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.52% | -79.34% | +41.82% |
Max Drawdown (1Y)Largest decline over 1 year | -27.12% | -9.62% | -17.50% |
Max Drawdown (3Y)Largest decline over 3 years | -37.52% | -22.58% | -14.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.25% | — |
Current DrawdownCurrent decline from peak | -12.83% | -3.45% | -9.38% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -25.61% | +17.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.43% | 4.25% | +7.18% |
Volatility
NUKL.DE vs. SMLP.DE - Volatility Comparison
VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) has a higher volatility of 11.05% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc (SMLP.DE) at 5.21%. This indicates that NUKL.DE's price experiences larger fluctuations and is considered to be riskier than SMLP.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 | SMLP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.05% | 5.21% | +5.84% |
Volatility (6M)Calculated over the trailing 6-month period | 28.97% | 12.78% | +16.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.82% | 16.31% | +25.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.24% | 20.44% | +13.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.24% | 28.59% | +5.65% |
NUKL.DE vs. SMLP.DE - Expense Ratio Comparison
NUKL.DE has a 0.55% expense ratio, which is higher than SMLP.DE's 0.50% expense ratio.
Dividends
NUKL.DE vs. SMLP.DE - Dividend Comparison
Neither NUKL.DE nor SMLP.DE has paid dividends to shareholders.
Frequently Asked Questions
NUKL.DE and SMLP.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMLP.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMLP.DE is cheaper with a 0.50% expense ratio, compared with 0.55% for NUKL.DE.
NUKL.DE tracks MarketVector Global Uranium and Nuclear Energy Infrastructure, while SMLP.DE tracks Morningstar MLP Composite. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.55% for NUKL.DE and 0.50% for SMLP.DE.
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