SPPP vs. NLR
SPPP (Sprott Physical Platinum and Palladium Trust) and NLR (VanEck Uranium and Nuclear ETF) are both exchange-traded funds - SPPP is a Precious Metals fund actively managed by Sprott, while NLR is a Alternative Energy Equities fund tracking the MVIS Global Uranium & Nuclear Energy Index. SPPP is actively managed, while NLR is passively managed. Over the past 10 years, SPPP returned 8.53%/yr vs 13.66%/yr for NLR. At a 0.27 correlation, their price movements are largely independent. SPPP charges 1.02%/yr vs 0.56%/yr for NLR.
Performance
SPPP vs. NLR - Performance Comparison
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Returns By Period
In the year-to-date period, SPPP achieves a -14.37% return, which is significantly lower than NLR's 6.14% return. Over the past 10 years, SPPP has underperformed NLR with an annualized return of 8.53%, while NLR has yielded a comparatively higher 13.66% annualized return.
SPPP
- 1D
- -4.12%
- 1M
- -6.42%
- YTD
- -14.37%
- 6M
- -2.30%
- 1Y
- 39.19%
- 3Y*
- 5.59%
- 5Y*
- -6.33%
- 10Y*
- 8.53%
NLR
- 1D
- -4.59%
- 1M
- -8.11%
- YTD
- 6.14%
- 6M
- 1.51%
- 1Y
- 36.84%
- 3Y*
- 35.11%
- 5Y*
- 21.94%
- 10Y*
- 13.66%
SPPP vs. NLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPPP Sprott Physical Platinum and Palladium Trust | -14.37% | 89.43% | -11.89% | -25.86% | -2.37% | -21.77% | 23.84% | 46.00% | 5.53% | 35.36% |
NLR VanEck Uranium and Nuclear ETF | 6.14% | 56.50% | 14.26% | 36.67% | 2.29% | 13.63% | 3.49% | 0.20% | 4.94% | 8.25% |
Correlation
The correlation between SPPP and NLR is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2012 | 0.27 |
The correlation between SPPP and NLR shifts across timeframes, from 0.27 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPPP vs. NLR — Risk / Return Rank
SPPP
NLR
SPPP vs. NLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Platinum and Palladium Trust (SPPP) 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.
| SPPP | NLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.43 | -0.38 |
| Martin ratioReturn relative to average drawdown | 2.23 | 2.93 | -0.70 |
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
| SPPP | NLR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.88 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | 0.75 | -0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.57 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.18 | -0.08 |
Drawdowns
SPPP vs. NLR - Drawdown Comparison
The maximum SPPP drawdown since its inception was -59.09%, smaller than the maximum NLR drawdown of -65.05%. Use the drawdown chart below to compare losses from any high point for SPPP and NLR.
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Drawdown Indicators
| SPPP | NLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.09% | -65.05% | +5.96% |
Max Drawdown (1Y)Largest decline over 1 year | -37.42% | -25.80% | -11.62% |
Max Drawdown (3Y)Largest decline over 3 years | -37.42% | -30.48% | -6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -58.50% | -30.48% | -28.02% |
Max Drawdown (10Y)Largest decline over 10 years | -59.09% | -34.35% | -24.74% |
Current DrawdownCurrent decline from peak | -36.14% | -19.80% | -16.34% |
Average DrawdownAverage peak-to-trough decline | -26.48% | -35.72% | +9.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.60% | 12.61% | +4.99% |
Volatility
SPPP vs. NLR - Volatility Comparison
The current volatility for Sprott Physical Platinum and Palladium Trust (SPPP) is 10.71%, while VanEck Uranium and Nuclear ETF (NLR) has a volatility of 13.18%. This indicates that SPPP experiences smaller price fluctuations and is considered to be less risky 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
| SPPP | NLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 13.18% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 45.53% | 32.83% | +12.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.97% | 42.32% | +8.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.89% | 29.24% | +5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.10% | 24.02% | +9.08% |
SPPP vs. NLR - Expense Ratio Comparison
SPPP has a 1.02% expense ratio, which is higher than NLR's 0.56% expense ratio.
Dividends
SPPP vs. NLR - Dividend Comparison
SPPP has not paid dividends to shareholders, while NLR's dividend yield for the trailing twelve months is around 2.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NLR VanEck Uranium and Nuclear ETF | 2.40% | 2.55% | 0.76% | 4.54% | 2.02% | 1.99% | 2.23% | 2.21% | 3.91% | 4.86% | 3.62% | 3.30% |
SPPP Sprott Physical Platinum and Palladium Trust | 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
SPPP and NLR have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NLR has higher volatility (13.18%) compared to SPPP (10.71%). In terms of maximum drawdown, SPPP dropped -59.09% vs NLR's -65.05%.
On 10-year performance, NLR leads with 13.66% vs 8.53% for SPPP. On fees, NLR is cheaper at 0.56% per year. On volatility, SPPP has been the lower-risk option at 10.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NLR has performed better with a 13.66% return vs 8.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NLR is cheaper with a 0.56% expense ratio, compared with 1.02% for SPPP.
NLR has the higher dividend yield at 2.40%, compared with 0.00% for SPPP.
SPPP is categorized as Precious Metals, while NLR is Alternative Energy Equities. They also come from different issuers: Sprott and VanEck. Their fees differ too: 1.02% for SPPP and 0.56% for NLR.
NLR currently has the higher Sharpe Ratio (0.88 vs 0.77), 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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