NXE vs. NLR
NXE (NexGen Energy Ltd.) is a stock, while NLR (VanEck Uranium and Nuclear ETF) is Uranium fund tracking the MVIS Global Uranium & Nuclear Energy Index. Over the past 5 years, NXE returned 16.63%/yr vs 18.29%/yr for NLR. Their 0.58 correlation means they have sometimes moved together and sometimes differently.
Performance
NXE vs. NLR - Performance Comparison
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Returns By Period
In the year-to-date period, NXE achieves a -0.54% return, which is significantly higher than NLR's -13.99% return.
NXE
- 1D
- -1.82%
- 1M
- -4.98%
- 6M
- -27.21%
- YTD
- -0.54%
- 1Y
- 41.20%
- 3Y*
- 23.48%
- 5Y*
- 16.63%
- 10Y*
- —
- ALL TIME*
- 15.29%
NLR
- 1D
- -1.41%
- 1M
- -7.05%
- 6M
- -28.16%
- YTD
- -13.99%
- 1Y
- -2.28%
- 3Y*
- 23.67%
- 5Y*
- 18.29%
- 10Y*
- 11.00%
- ALL TIME*
- 3.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.05M | $48.38M | $60.74M | |
| $47.87M | $44.12M | $61.33M |
NXE vs. NLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NXE NexGen Energy Ltd. | -0.54% | 39.39% | -5.71% | 58.01% | 1.37% | 58.33% | 115.63% | -28.09% | -30.47% | 3.64% |
NLR VanEck Uranium and Nuclear ETF | -13.99% | 56.50% | 14.26% | 36.67% | 2.29% | 13.63% | 3.49% | 0.20% | 4.94% | 2.98% |
Correlation
The correlation between NXE and NLR is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since May 17, 2017 | 0.58 |
Over the past year, NXE and NLR have become more correlated (0.85) than their long-term average of 0.58, meaning their price movements have been converging.
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Return for Risk
NXE vs. NLR — Risk / Return Rank
NXE
NLR
NXE vs. NLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NexGen Energy Ltd. (NXE) and VanEck Uranium and Nuclear ETF (NLR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NXE | NLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.02 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | -0.12 | +1.10 |
| Martin ratioReturn relative to average drawdown | 2.27 | -0.26 | +2.53 |
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Drawdowns
NXE vs. NLR - Drawdown Comparison
The maximum NXE drawdown since its inception was -80.60%, which is greater than NLR's maximum drawdown of -65.05%. Use the drawdown chart below to compare losses from any high point for NXE and NLR.
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Drawdown Indicators
| NXE | NLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.60% | -65.05% | -15.55% |
Max Drawdown (1Y)Largest decline over 1 year | -37.28% | -37.52% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -54.28% | -37.52% | -16.76% |
Max Drawdown (5Y)Largest decline over 5 years | -54.28% | -37.52% | -16.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.52% | — |
Current DrawdownCurrent decline from peak | -34.27% | -35.01% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -26.69% | -35.67% | +8.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.06% | 17.42% | -1.36% |
Volatility
NXE vs. NLR - Volatility Comparison
NexGen Energy Ltd. (NXE) has a higher volatility of 15.14% compared to VanEck Uranium and Nuclear ETF (NLR) at 12.90%. This indicates that NXE's price experiences larger fluctuations and is considered to be riskier than NLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXE | NLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.14% | 12.90% | +2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 39.08% | 32.42% | +6.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.75% | 43.80% | +12.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.07% | 30.13% | +27.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.32% | 24.58% | +36.74% |
Dividends
NXE vs. NLR - Dividend Comparison
NXE has not paid dividends to shareholders, while NLR's dividend yield for the trailing twelve months is around 2.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NLR VanEck Uranium and Nuclear ETF | 2.96% | 2.55% | 0.76% | 4.54% | 2.02% | 1.99% | 2.23% | 2.21% | 3.91% | 4.86% | 3.62% | 3.30% |
NXE NexGen Energy Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NXE and NLR have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXE has higher volatility (15.14%) compared to NLR (12.90%). In terms of maximum drawdown, NXE dropped -80.60% vs NLR's -65.05%.
NXE currently has the higher Sharpe Ratio (0.64 vs -0.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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