NUKL.DE vs. VFEG.L

Last updated Jun 5, 2026

NUKL.DE (VanEck Uranium and Nuclear Technologies UCITS ETF A) and VFEG.L (Vanguard FTSE Emerging Markets UCITS ETF Acc) are both exchange-traded funds - NUKL.DE is a Energy Equities fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure, while VFEG.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 3 years, NUKL.DE returned 41.91%/yr vs 13.65%/yr for VFEG.L. At a 0.48 correlation, their price movements are largely independent. NUKL.DE charges 0.55%/yr vs 0.22%/yr for VFEG.L.

Performance

NUKL.DE vs. VFEG.L - 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 Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NUKL.DE is traded in EUR, while VFEG.L is traded in GBP. To make them comparable, the VFEG.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 higher than VFEG.L's 10.08% return.

NUKL.DE

• 1D: 0.87%
• 1M: -4.61%
• YTD: 11.67%
• 6M: 4.45%
• 1Y: 49.09%
• 3Y*: 41.91%
• 5Y*: —
• 10Y*: —

VFEG.L

• 1D: -0.20%
• 1M: -1.60%
• YTD: 10.08%
• 6M: 10.42%
• 1Y: 23.02%
• 3Y*: 13.65%
• 5Y*: 5.62%
• 10Y*: —

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

NUKL.DE vs. VFEG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NUKL.DE VanEck Uranium and Nuclear Technologies UCITS ETF A	11.67%	51.50%	38.03%	23.67%
VFEG.L Vanguard FTSE Emerging Markets UCITS ETF Acc	10.08%	11.04%	19.63%	-0.56%

Correlation

The correlation between NUKL.DE and VFEG.L is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since Feb 8, 2023	0.48

The correlation between NUKL.DE and VFEG.L has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.

Return for Risk

NUKL.DE vs. VFEG.L — 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

VFEG.L

VFEG.L Risk / Return Rank: 61
VFEG.L Sharpe Ratio Rank: 62
VFEG.L Sortino Ratio Rank: 60
VFEG.L Omega Ratio Rank: 62
VFEG.L Calmar Ratio Rank: 64
VFEG.L Martin Ratio Rank: 59

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. VFEG.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 Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.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	VFEG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.56	-0.35
Sortino ratio: Return per unit of downside risk	1.81	2.23	-0.42
Omega ratio: Gain probability vs. loss probability	1.21	1.28	-0.07
Calmar ratio: Return relative to maximum drawdown	1.86	2.64	-0.78
Martin ratio: Return relative to average drawdown	4.43	8.66	-4.22
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. VFEG.L - Sharpe Ratio Comparison

The current NUKL.DE Sharpe Ratio is 1.21, which is comparable to the VFEG.L Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of NUKL.DE and VFEG.L, 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	VFEG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	1.56	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.18	+0.92

Drawdowns

NUKL.DE vs. VFEG.L - Drawdown Comparison

The maximum NUKL.DE drawdown since its inception was -37.52%, roughly equal to the maximum VFEG.L drawdown of -37.87%. Use the drawdown chart below to compare losses from any high point for NUKL.DE and VFEG.L.

Drawdown Indicators

	NUKL.DE	VFEG.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.52%	-37.87%	+0.35%
Max Drawdown (1Y) Largest decline over 1 year	-27.12%	-8.68%	-18.44%
Max Drawdown (3Y) Largest decline over 3 years	-37.52%	-20.91%	-16.61%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.91%	—
Current Drawdown Current decline from peak	-12.83%	-3.88%	-8.95%
Average Drawdown Average peak-to-trough decline	-7.79%	-10.85%	+3.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.43%	2.65%	+8.78%

Volatility

NUKL.DE vs. VFEG.L - Volatility Comparison

VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) has a higher volatility of 11.05% compared to Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.L) at 5.34%. This indicates that NUKL.DE's price experiences larger fluctuations and is considered to be riskier than VFEG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUKL.DE	VFEG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.05%	5.34%	+5.71%
Volatility (6M) Calculated over the trailing 6-month period	28.97%	11.59%	+17.38%
Volatility (1Y) Calculated over the trailing 1-year period	41.82%	14.68%	+27.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.24%	20.71%	+13.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.24%	22.71%	+11.53%

NUKL.DE vs. VFEG.L - Expense Ratio Comparison

NUKL.DE has a 0.55% expense ratio, which is higher than VFEG.L's 0.22% expense ratio.

Dividends

NUKL.DE vs. VFEG.L - Dividend Comparison

Neither NUKL.DE nor VFEG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

NUKL.DE and VFEG.L have a correlation of 0.54, 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 VFEG.L?

On fees, VFEG.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NUKL.DE or VFEG.L?

VFEG.L is cheaper with a 0.22% expense ratio, compared with 0.55% for NUKL.DE.

What is the main difference between NUKL.DE and VFEG.L?

NUKL.DE is categorized as Energy Equities, while VFEG.L is Emerging Markets Equities. NUKL.DE tracks MarketVector Global Uranium and Nuclear Energy Infrastructure, while VFEG.L tracks MSCI EM NR USD. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.55% for NUKL.DE and 0.22% for VFEG.L.