URNP.L vs. NCLP.L
URNP.L (HANetf Sprott Uranium Miners UCITS ETF Acc) and NCLP.L (WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating) are both Uranium funds - URNP.L tracks the S&P Global Natural Resources TR USD while NCLP.L tracks the WisdomTree Uranium and Nuclear Energy UCITS Index. Both are passively managed. Over the past year, URNP.L returned 34.63% vs 47.02% for NCLP.L. Their correlation of 0.90 suggests significant overlap in exposure. URNP.L charges 0.85%/yr vs 0.45%/yr for NCLP.L.
Performance
URNP.L vs. NCLP.L - Performance Comparison
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Returns By Period
In the year-to-date period, URNP.L achieves a 7.33% return, which is significantly lower than NCLP.L's 10.42% return.
URNP.L
- 1D
- 0.00%
- 1M
- -6.18%
- YTD
- 7.33%
- 6M
- 5.19%
- 1Y
- 34.63%
- 3Y*
- 23.54%
- 5Y*
- —
- 10Y*
- —
NCLP.L
- 1D
- 0.00%
- 1M
- -7.48%
- YTD
- 10.42%
- 6M
- 7.15%
- 1Y
- 47.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
URNP.L vs. NCLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
URNP.L HANetf Sprott Uranium Miners UCITS ETF Acc | 7.33% | 64.31% |
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating | 10.42% | 56.86% |
Correlation
The correlation between URNP.L and NCLP.L is 0.91, 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 | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025 | 0.90 |
The correlation between URNP.L and NCLP.L has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
URNP.L vs. NCLP.L — Risk / Return Rank
URNP.L
NCLP.L
URNP.L vs. NCLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Sprott Uranium Miners UCITS ETF Acc (URNP.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.
| URNP.L | NCLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.20 | -0.08 |
| Martin ratioReturn relative to average drawdown | 2.69 | 2.50 | +0.20 |
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Drawdowns
URNP.L vs. NCLP.L - Drawdown Comparison
The maximum URNP.L drawdown since its inception was -51.01%, 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 URNP.L and NCLP.L.
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Drawdown Indicators
| URNP.L | NCLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.01% | -39.10% | -11.91% |
Max Drawdown (1Y)Largest decline over 1 year | -30.89% | -39.10% | +8.21% |
Max Drawdown (3Y)Largest decline over 3 years | -51.01% | — | — |
Current DrawdownCurrent decline from peak | -25.59% | -26.24% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -17.96% | -14.72% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.90% | 18.83% | -5.93% |
Volatility
URNP.L vs. NCLP.L - Volatility Comparison
HANetf Sprott Uranium Miners UCITS ETF Acc (URNP.L) and WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) have volatilities of 13.00% and 13.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URNP.L | NCLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.00% | 13.00% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 31.90% | 32.56% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.17% | 63.44% | -18.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.03% | 62.45% | -22.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.03% | 62.45% | -22.42% |
URNP.L vs. NCLP.L - Expense Ratio Comparison
URNP.L has a 0.85% expense ratio, which is higher than NCLP.L's 0.45% expense ratio.
Dividends
URNP.L vs. NCLP.L - Dividend Comparison
Neither URNP.L nor NCLP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, URNP.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 0.85% for URNP.L.
URNP.L tracks S&P Global Natural Resources TR USD, while NCLP.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index. They also come from different issuers: HANetf and WisdomTree. Their fees differ too: 0.85% for URNP.L and 0.45% for NCLP.L.
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