OKLO vs. NLR
OKLO (Oklo Inc.) 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, OKLO returned 31.57%/yr vs 18.29%/yr for NLR. Their 0.48 correlation means their historical movements had little consistent relationship.
Performance
OKLO vs. NLR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OKLO achieves a -45.89% return, which is significantly lower than NLR's -13.99% return.
OKLO
- 1D
- -5.50%
- 1M
- -25.84%
- 6M
- -51.23%
- YTD
- -45.89%
- 1Y
- -45.68%
- 3Y*
- 55.49%
- 5Y*
- 31.57%
- 10Y*
- —
- ALL TIME*
- 30.73%
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 | |
OKLO Oklo Inc. | $370.09M | $387.53M | $692.06M |
OKLO vs. NLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OKLO Oklo Inc. | -45.89% | 238.01% | 101.04% | 6.45% | 0.71% | -1.50% |
NLR VanEck Uranium and Nuclear ETF | -13.99% | 56.50% | 14.26% | 36.67% | 2.29% | 5.96% |
Correlation
The correlation between OKLO and NLR is 0.81, 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. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2021 | 0.48 |
Over the past year, OKLO and NLR have become more correlated (0.81) than their long-term average of 0.48, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OKLO vs. NLR — Risk / Return Rank
OKLO
NLR
OKLO vs. NLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oklo Inc. (OKLO) 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.
| OKLO | NLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.02 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.12 | -0.51 |
| Martin ratioReturn relative to average drawdown | -0.94 | -0.26 | -0.68 |
Loading charts...
Drawdowns
OKLO vs. NLR - Drawdown Comparison
The maximum OKLO drawdown since its inception was -78.84%, which is greater than NLR's maximum drawdown of -65.05%. Use the drawdown chart below to compare losses from any high point for OKLO and NLR.
Loading charts...
Drawdown Indicators
| OKLO | NLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.84% | -65.05% | -13.79% |
Max Drawdown (1Y)Largest decline over 1 year | -78.84% | -37.52% | -41.32% |
Max Drawdown (3Y)Largest decline over 3 years | -78.84% | -37.52% | -41.32% |
Max Drawdown (5Y)Largest decline over 5 years | -78.84% | -37.52% | -41.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.52% | — |
Current DrawdownCurrent decline from peak | -77.70% | -35.01% | -42.69% |
Average DrawdownAverage peak-to-trough decline | -19.53% | -35.67% | +16.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.50% | 17.42% | +35.08% |
Volatility
OKLO vs. NLR - Volatility Comparison
Oklo Inc. (OKLO) has a higher volatility of 23.72% compared to VanEck Uranium and Nuclear ETF (NLR) at 12.90%. This indicates that OKLO'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.
Loading charts...
Volatility by Period
| OKLO | NLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.72% | 12.90% | +10.82% |
Volatility (6M)Calculated over the trailing 6-month period | 66.10% | 32.42% | +33.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 100.76% | 43.80% | +56.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.25% | 30.13% | +56.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.68% | 24.58% | +61.10% |
Dividends
OKLO vs. NLR - Dividend Comparison
OKLO 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% |
OKLO Oklo Inc. | 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
OKLO and NLR have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OKLO has higher volatility (23.72%) compared to NLR (12.90%). In terms of maximum drawdown, OKLO dropped -78.84% vs NLR's -65.05%.
NLR currently has the higher Sharpe Ratio (-0.10 vs -0.49), 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.
Find the right allocation for OKLO and NLR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer