USSC.L vs. NCLP.L

Last updated Jun 14, 2026

USSC.L (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and NCLP.L (WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating) are both exchange-traded funds - USSC.L is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index, while NCLP.L is a Uranium fund tracking the WisdomTree Uranium and Nuclear Energy UCITS Index. Both are passively managed. Over the past year, USSC.L returned 38.20% vs 45.72% for NCLP.L. At a 0.39 correlation, their price movements are largely independent. USSC.L charges 0.30%/yr vs 0.45%/yr for NCLP.L.

Performance

USSC.L vs. NCLP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L) and WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

USSC.L is traded in USD, while NCLP.L is traded in GBp. To make them comparable, the NCLP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, USSC.L achieves a 16.70% return, which is significantly higher than NCLP.L's 3.41% return.

USSC.L

• 1D: 2.35%
• 1M: 6.69%
• YTD: 16.70%
• 6M: 14.69%
• 1Y: 38.20%
• 3Y*: 18.74%
• 5Y*: 10.07%
• 10Y*: 12.58%

NCLP.L

• 1D: 0.00%
• 1M: -14.81%
• YTD: 3.41%
• 6M: 3.18%
• 1Y: 45.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

USSC.L vs. NCLP.L - Yearly Performance Comparison

	2026 (YTD)	2025
USSC.L SPDR MSCI USA Small Cap Value Weighted UCITS ETF	16.70%	21.72%
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating	3.41%	63.91%

Correlation

The correlation between USSC.L and NCLP.L 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 (All Time) Calculated using the full available price history since Mar 10, 2025	0.39

Return for Risk

USSC.L vs. NCLP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USSC.L

USSC.L Risk / Return Rank: 84
USSC.L Sharpe Ratio Rank: 84
USSC.L Sortino Ratio Rank: 87
USSC.L Omega Ratio Rank: 79
USSC.L Calmar Ratio Rank: 89
USSC.L Martin Ratio Rank: 84

NCLP.L

NCLP.L Risk / Return Rank: 28
NCLP.L Sharpe Ratio Rank: 23
NCLP.L Sortino Ratio Rank: 29
NCLP.L Omega Ratio Rank: 35
NCLP.L Calmar Ratio Rank: 28
NCLP.L Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USSC.L vs. NCLP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.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.

	USSC.L	NCLP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.35	0.70	+1.66
Sortino ratio: Return per unit of downside risk	3.44	1.39	+2.05
Omega ratio: Gain probability vs. loss probability	1.40	1.20	+0.20
Calmar ratio: Return relative to maximum drawdown	4.63	1.11	+3.52
Martin ratio: Return relative to average drawdown	14.95	2.47	+12.48

USSC.L vs. NCLP.L - Sharpe Ratio Comparison

The current USSC.L Sharpe Ratio is 2.35, which is higher than the NCLP.L Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of USSC.L and NCLP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USSC.L vs. NCLP.L - Drawdown Comparison

The maximum USSC.L drawdown since its inception was -48.99%, which is greater than NCLP.L's maximum drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for USSC.L and NCLP.L.

Drawdown Indicators

	USSC.L	NCLP.L	Difference
Max Drawdown Largest peak-to-trough decline	-48.99%	-40.08%	-8.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-40.08%	+31.96%
Max Drawdown (3Y) Largest decline over 3 years	-27.47%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.99%	—	—
Current Drawdown Current decline from peak	0.00%	-30.16%	+30.16%
Average Drawdown Average peak-to-trough decline	-7.67%	-13.94%	+6.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	18.01%	-15.49%

Volatility

USSC.L vs. NCLP.L - Volatility Comparison

The current volatility for SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L) is 4.22%, while WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) has a volatility of 13.61%. This indicates that USSC.L experiences smaller price fluctuations and is considered to be less risky than NCLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USSC.L	NCLP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	13.61%	-9.39%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	33.84%	-23.49%
Volatility (1Y) Calculated over the trailing 1-year period	16.06%	64.03%	-47.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.63%	63.56%	-41.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.79%	63.56%	-40.77%

USSC.L vs. NCLP.L - Expense Ratio Comparison

USSC.L has a 0.30% expense ratio, which is lower than NCLP.L's 0.45% expense ratio.

Dividends

USSC.L vs. NCLP.L - Dividend Comparison

Neither USSC.L nor NCLP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both USSC.L and NCLP.L in my portfolio?

USSC.L and NCLP.L 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.

Which ETF is better, USSC.L or NCLP.L?

On fees, USSC.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USSC.L or NCLP.L?

USSC.L is cheaper with a 0.30% expense ratio, compared with 0.45% for NCLP.L.

What is the main difference between USSC.L and NCLP.L?

USSC.L is categorized as Small Cap Value Equities, while NCLP.L is Uranium. USSC.L tracks MSCI USA Small Cap Value Weighted Index, while NCLP.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.30% for USSC.L and 0.45% for NCLP.L.