SLV vs. NUKL.DE
SLV (iShares Silver Trust) and NUKL.DE (VanEck Uranium and Nuclear Technologies UCITS ETF A) are both exchange-traded funds - SLV is a Silver fund tracking the LBMA Silver Price, while NUKL.DE is a Energy Equities fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure. Both are passively managed. Over the past 3 years, SLV returned 41.27%/yr vs 45.77%/yr for NUKL.DE. At a 0.27 correlation, their price movements are largely independent. SLV charges 0.50%/yr vs 0.55%/yr for NUKL.DE.
Performance
SLV vs. NUKL.DE - Performance Comparison
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Different Trading Currencies
SLV is traded in USD, while NUKL.DE is traded in EUR. To make them comparable, the NUKL.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SLV achieves a -4.86% return, which is significantly lower than NUKL.DE's 10.37% return.
SLV
- 1D
- 0.77%
- 1M
- -22.76%
- YTD
- -4.86%
- 6M
- 9.25%
- 1Y
- 85.39%
- 3Y*
- 41.27%
- 5Y*
- 18.83%
- 10Y*
- 13.99%
NUKL.DE
- 1D
- 0.98%
- 1M
- -3.00%
- YTD
- 10.37%
- 6M
- 9.36%
- 1Y
- 38.07%
- 3Y*
- 45.77%
- 5Y*
- —
- 10Y*
- —
SLV vs. NUKL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SLV iShares Silver Trust | -4.86% | 144.66% | 20.89% | 6.87% |
NUKL.DE VanEck Uranium and Nuclear Technologies UCITS ETF A | 10.37% | 71.04% | 30.14% | 27.45% |
Correlation
The correlation between SLV and NUKL.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2023 | 0.27 |
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Return for Risk
SLV vs. NUKL.DE — Risk / Return Rank
SLV
NUKL.DE
SLV vs. NUKL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.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.
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.
| SLV | NUKL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.90 | -0.01 |
| Martin ratioReturn relative to average drawdown | 4.10 | 4.64 | -0.54 |
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Drawdowns
SLV vs. NUKL.DE - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, which is greater than NUKL.DE's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for SLV and NUKL.DE.
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Drawdown Indicators
| SLV | NUKL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -34.33% | -41.95% |
Max Drawdown (1Y)Largest decline over 1 year | -45.40% | -27.96% | -17.44% |
Max Drawdown (3Y)Largest decline over 3 years | -45.40% | -34.33% | -11.07% |
Max Drawdown (5Y)Largest decline over 5 years | -45.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.40% | — | — |
Current DrawdownCurrent decline from peak | -41.96% | -13.38% | -28.58% |
Average DrawdownAverage peak-to-trough decline | -44.66% | -7.21% | -37.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.88% | 11.46% | +9.42% |
Volatility
SLV vs. NUKL.DE - Volatility Comparison
iShares Silver Trust (SLV) has a higher volatility of 16.34% compared to VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) at 11.43%. This indicates that SLV's price experiences larger fluctuations and is considered to be riskier than NUKL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLV | NUKL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.34% | 11.43% | +4.91% |
Volatility (6M)Calculated over the trailing 6-month period | 59.10% | 29.57% | +29.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.82% | 42.40% | +17.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.46% | 34.71% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.00% | 34.71% | -2.71% |
SLV vs. NUKL.DE - Expense Ratio Comparison
SLV has a 0.50% expense ratio, which is lower than NUKL.DE's 0.55% expense ratio.
Dividends
SLV vs. NUKL.DE - Dividend Comparison
Neither SLV nor NUKL.DE has paid dividends to shareholders.
Frequently Asked Questions
SLV and NUKL.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLV is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLV is cheaper with a 0.50% expense ratio, compared with 0.55% for NUKL.DE.
SLV is categorized as Silver, while NUKL.DE is Energy Equities. SLV tracks LBMA Silver Price, while NUKL.DE tracks MarketVector Global Uranium and Nuclear Energy Infrastructure. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.50% for SLV and 0.55% for NUKL.DE.
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