NUKL.DE vs. VNM

Last updated Jun 5, 2026

NUKL.DE (VanEck Uranium and Nuclear Technologies UCITS ETF A) and VNM (VanEck Vectors Vietnam ETF) are both exchange-traded funds - NUKL.DE is a Energy Equities fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure, while VNM is a Asia Pacific Equities fund tracking the MVIS Vietnam Index. Both are passively managed. Over the past 3 years, NUKL.DE returned 41.91%/yr vs 9.97%/yr for VNM. At a 0.13 correlation, their price movements are largely independent. NUKL.DE charges 0.55%/yr vs 0.68%/yr for VNM.

Performance

NUKL.DE vs. VNM - 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 VanEck Vectors Vietnam ETF (VNM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NUKL.DE is traded in EUR, while VNM is traded in USD. To make them comparable, the VNM 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 VNM's -5.20% return.

NUKL.DE

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

VNM

• 1D: -1.39%
• 1M: -8.21%
• YTD: -5.20%
• 6M: -4.08%
• 1Y: 28.88%
• 3Y*: 9.97%
• 5Y*: 0.21%
• 10Y*: 2.85%

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

NUKL.DE vs. VNM - 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%
VNM VanEck Vectors Vietnam ETF	-5.20%	46.78%	-5.28%	7.87%

Correlation

The correlation between NUKL.DE and VNM is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (All Time) Calculated using the full available price history since Feb 8, 2023	0.13

Return for Risk

NUKL.DE vs. VNM — 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

VNM

VNM Risk / Return Rank: 35
VNM Sharpe Ratio Rank: 35
VNM Sortino Ratio Rank: 35
VNM Omega Ratio Rank: 33
VNM Calmar Ratio Rank: 40
VNM Martin Ratio Rank: 33

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. VNM - 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 VanEck Vectors Vietnam ETF (VNM). 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	VNM	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.07	+0.14
Sortino ratio: Return per unit of downside risk	1.81	1.62	+0.19
Omega ratio: Gain probability vs. loss probability	1.21	1.19	+0.02
Calmar ratio: Return relative to maximum drawdown	1.86	1.72	+0.15
Martin ratio: Return relative to average drawdown	4.43	4.22	+0.22
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. VNM - Sharpe Ratio Comparison

The current NUKL.DE Sharpe Ratio is 1.21, which is comparable to the VNM Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of NUKL.DE and VNM, 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	VNM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	1.07	+0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.01	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.02	+1.08

Drawdowns

NUKL.DE vs. VNM - Drawdown Comparison

The maximum NUKL.DE drawdown since its inception was -37.52%, smaller than the maximum VNM drawdown of -50.93%. Use the drawdown chart below to compare losses from any high point for NUKL.DE and VNM.

Drawdown Indicators

	NUKL.DE	VNM	Difference
Max Drawdown Largest peak-to-trough decline	-37.52%	-50.93%	+13.41%
Max Drawdown (1Y) Largest decline over 1 year	-27.12%	-16.88%	-10.24%
Max Drawdown (3Y) Largest decline over 3 years	-37.52%	-32.82%	-4.70%
Max Drawdown (5Y) Largest decline over 5 years	—	-48.44%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-48.44%	—
Current Drawdown Current decline from peak	-12.83%	-13.96%	+1.13%
Average Drawdown Average peak-to-trough decline	-7.79%	-26.07%	+18.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.43%	6.91%	+4.52%

Volatility

NUKL.DE vs. VNM - Volatility Comparison

VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) has a higher volatility of 11.05% compared to VanEck Vectors Vietnam ETF (VNM) at 4.39%. This indicates that NUKL.DE's price experiences larger fluctuations and is considered to be riskier than VNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUKL.DE	VNM	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.05%	4.39%	+6.66%
Volatility (6M) Calculated over the trailing 6-month period	28.97%	18.22%	+10.75%
Volatility (1Y) Calculated over the trailing 1-year period	41.82%	27.23%	+14.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.24%	24.79%	+9.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.24%	23.96%	+10.28%

NUKL.DE vs. VNM - Expense Ratio Comparison

NUKL.DE has a 0.55% expense ratio, which is lower than VNM's 0.68% expense ratio.

Dividends

NUKL.DE vs. VNM - Dividend Comparison

NUKL.DE has not paid dividends to shareholders, while VNM's dividend yield for the trailing twelve months is around 0.21%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NUKL.DE VanEck Uranium and Nuclear Technologies UCITS ETF A	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VNM VanEck Vectors Vietnam ETF	0.21%	0.20%	0.00%	5.21%	0.96%	0.49%	0.40%	0.76%	0.83%	1.14%	2.44%	3.69%

Frequently Asked Questions

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

NUKL.DE and VNM have a correlation of 0.14, 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 VNM?

On fees, NUKL.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NUKL.DE or VNM?

NUKL.DE is cheaper with a 0.55% expense ratio, compared with 0.68% for VNM.

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

NUKL.DE is categorized as Energy Equities, while VNM is Asia Pacific Equities. NUKL.DE tracks MarketVector Global Uranium and Nuclear Energy Infrastructure, while VNM tracks MVIS Vietnam Index. Their fees differ too: 0.55% for NUKL.DE and 0.68% for VNM.