NUKL.DE vs. WELN.DE
NUKL.DE (VanEck Uranium and Nuclear Technologies UCITS ETF A) and WELN.DE (Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc) are both Energy Equities funds - NUKL.DE tracks the MarketVector Global Uranium and Nuclear Energy Infrastructure while WELN.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy. Both are passively managed. Over the past 3 years, NUKL.DE returned 41.91%/yr vs 14.42%/yr for WELN.DE. At a 0.25 correlation, their price movements are largely independent. NUKL.DE charges 0.55%/yr vs 0.18%/yr for WELN.DE.
Performance
NUKL.DE vs. WELN.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 WELN.DE's 33.78% return.
NUKL.DE
- 1D
- 0.87%
- 1M
- -5.22%
- YTD
- 11.67%
- 6M
- 4.25%
- 1Y
- 49.71%
- 3Y*
- 41.91%
- 5Y*
- —
- 10Y*
- —
WELN.DE
- 1D
- -0.46%
- 1M
- 2.90%
- YTD
- 33.78%
- 6M
- 30.26%
- 1Y
- 43.28%
- 3Y*
- 14.42%
- 5Y*
- —
- 10Y*
- —
NUKL.DE vs. WELN.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% |
WELN.DE Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc | 33.78% | -1.37% | 8.67% | -2.85% |
Correlation
The correlation between NUKL.DE and WELN.DE is -0.05, 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 | -0.05 |
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 | 0.25 |
The correlation between NUKL.DE and WELN.DE shifts across timeframes, from -0.05 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NUKL.DE vs. WELN.DE — Risk / Return Rank
NUKL.DE
WELN.DE
NUKL.DE vs. WELN.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 Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.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 | WELN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.44 | -1.58 |
| Martin ratioReturn relative to average drawdown | 4.43 | 11.82 | -7.38 |
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 | WELN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 2.17 | -0.96 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.60 | +0.50 |
Drawdowns
NUKL.DE vs. WELN.DE - Drawdown Comparison
The maximum NUKL.DE drawdown since its inception was -37.52%, which is greater than WELN.DE's maximum drawdown of -23.29%. Use the drawdown chart below to compare losses from any high point for NUKL.DE and WELN.DE.
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Drawdown Indicators
| NUKL.DE | WELN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.52% | -23.29% | -14.23% |
Max Drawdown (1Y)Largest decline over 1 year | -27.12% | -12.35% | -14.77% |
Max Drawdown (3Y)Largest decline over 3 years | -37.52% | -23.29% | -14.23% |
Current DrawdownCurrent decline from peak | -12.83% | -4.95% | -7.88% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -7.87% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.43% | 3.60% | +7.83% |
Volatility
NUKL.DE vs. WELN.DE - Volatility Comparison
VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) has a higher volatility of 11.05% compared to Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.DE) at 6.50%. This indicates that NUKL.DE's price experiences larger fluctuations and is considered to be riskier than WELN.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 | WELN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.05% | 6.50% | +4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 28.97% | 16.38% | +12.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.82% | 19.61% | +22.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.24% | 19.90% | +14.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.24% | 19.90% | +14.34% |
NUKL.DE vs. WELN.DE - Expense Ratio Comparison
NUKL.DE has a 0.55% expense ratio, which is higher than WELN.DE's 0.18% expense ratio.
Dividends
NUKL.DE vs. WELN.DE - Dividend Comparison
Neither NUKL.DE nor WELN.DE has paid dividends to shareholders.
Frequently Asked Questions
NUKL.DE and WELN.DE have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELN.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELN.DE is cheaper with a 0.18% expense ratio, compared with 0.55% for NUKL.DE.
NUKL.DE tracks MarketVector Global Uranium and Nuclear Energy Infrastructure, while WELN.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy. They also come from different issuers: VanEck and Amundi. Their fees differ too: 0.55% for NUKL.DE and 0.18% for WELN.DE.
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