URNG.L vs. NCLP.L
URNG.L (Global X Uranium UCITS ETF USD Accumulating) and NCLP.L (WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating) are both Uranium funds - URNG.L tracks the Solactive Global Uranium & Nuclear Components while NCLP.L tracks the WisdomTree Uranium and Nuclear Energy UCITS Index. Both are passively managed. Over the past year, URNG.L returned 29.65% vs 47.02% for NCLP.L. Their correlation of 0.93 suggests significant overlap in exposure. URNG.L charges 0.65%/yr vs 0.45%/yr for NCLP.L.
Performance
URNG.L vs. NCLP.L - Performance Comparison
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Different Trading Currencies
URNG.L is traded in GBP, while NCLP.L is traded in GBp. To make them comparable, the NCLP.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, URNG.L achieves a 7.51% return, which is significantly lower than NCLP.L's 10.42% return.
URNG.L
- 1D
- 0.00%
- 1M
- -10.70%
- YTD
- 7.51%
- 6M
- 3.18%
- 1Y
- 29.65%
- 3Y*
- 33.09%
- 5Y*
- —
- 10Y*
- —
NCLP.L
- 1D
- 0.00%
- 1M
- -7.48%
- YTD
- 10.42%
- 6M
- 7.15%
- 1Y
- 47.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
URNG.L vs. NCLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
URNG.L Global X Uranium UCITS ETF USD Accumulating | 7.51% | 84.18% |
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating | 10.42% | 56.86% |
Correlation
The correlation between URNG.L and NCLP.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025 | 0.93 |
The correlation between URNG.L and NCLP.L has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.
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Return for Risk
URNG.L vs. NCLP.L — Risk / Return Rank
URNG.L
NCLP.L
URNG.L vs. NCLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Uranium UCITS ETF USD Accumulating (URNG.L) and WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L). 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.
| URNG.L | NCLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.21 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 1.20 | -0.29 |
| Martin ratioReturn relative to average drawdown | 2.18 | 2.50 | -0.32 |
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Drawdowns
URNG.L vs. NCLP.L - Drawdown Comparison
The maximum URNG.L drawdown since its inception was -46.74%, which is greater than NCLP.L's maximum drawdown of -39.10%. Use the drawdown chart below to compare losses from any high point for URNG.L and NCLP.L.
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Drawdown Indicators
| URNG.L | NCLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.74% | -39.10% | -7.64% |
Max Drawdown (1Y)Largest decline over 1 year | -32.59% | -39.10% | +6.51% |
Max Drawdown (3Y)Largest decline over 3 years | -38.98% | — | — |
Current DrawdownCurrent decline from peak | -21.77% | -26.24% | +4.47% |
Average DrawdownAverage peak-to-trough decline | -22.92% | -14.72% | -8.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.64% | 18.83% | -5.19% |
Volatility
URNG.L vs. NCLP.L - Volatility Comparison
Global X Uranium UCITS ETF USD Accumulating (URNG.L) has a higher volatility of 15.12% compared to WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) at 13.00%. This indicates that URNG.L's price experiences larger fluctuations and is considered to be riskier than NCLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URNG.L | NCLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.12% | 13.00% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 34.82% | 32.56% | +2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.35% | 63.44% | -14.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.47% | 62.45% | -20.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.47% | 62.45% | -20.98% |
URNG.L vs. NCLP.L - Expense Ratio Comparison
URNG.L has a 0.65% expense ratio, which is higher than NCLP.L's 0.45% expense ratio.
Dividends
URNG.L vs. NCLP.L - Dividend Comparison
Neither URNG.L nor NCLP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, URNG.L and NCLP.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, NCLP.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NCLP.L is cheaper with a 0.45% expense ratio, compared with 0.65% for URNG.L.
URNG.L tracks Solactive Global Uranium & Nuclear Components, while NCLP.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.65% for URNG.L and 0.45% for NCLP.L.
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