UUUU vs. NLR

Last updated Jun 13, 2026

UUUU (Energy Fuels Inc.) is a stock, while NLR (VanEck Uranium and Nuclear ETF) is Alternative Energy Equities fund tracking the MVIS Global Uranium & Nuclear Energy Index. Over the past 10 years, UUUU returned 20.04%/yr vs 12.80%/yr for NLR. At a 0.41 correlation, their price movements are largely independent.

Performance

UUUU vs. NLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Energy Fuels Inc. (UUUU) and VanEck Uranium and Nuclear ETF (NLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UUUU achieves a 3.44% return, which is significantly higher than NLR's -1.81% return. Over the past 10 years, UUUU has outperformed NLR with an annualized return of 20.04%, while NLR has yielded a comparatively lower 12.80% annualized return.

UUUU

• 1D: -0.27%
• 1M: -25.47%
• YTD: 3.44%
• 6M: 3.23%
• 1Y: 180.07%
• 3Y*: 32.20%
• 5Y*: 16.43%
• 10Y*: 20.04%

NLR

• 1D: 0.84%
• 1M: -10.59%
• YTD: -1.81%
• 6M: -3.70%
• 1Y: 18.72%
• 3Y*: 29.88%
• 5Y*: 19.78%
• 10Y*: 12.80%

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

UUUU vs. NLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UUUU Energy Fuels Inc.	3.44%	183.43%	-28.65%	15.78%	-18.61%	79.11%	123.04%	-32.98%	59.22%	9.15%
NLR VanEck Uranium and Nuclear ETF	-1.81%	56.50%	14.26%	36.67%	2.29%	13.63%	3.49%	0.20%	4.94%	8.25%

Correlation

The correlation between UUUU and NLR is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Aug 15, 2007	0.41

Over the past year, UUUU and NLR have become more correlated (0.80) than their long-term average of 0.41, meaning their price movements have been converging.

Return for Risk

UUUU vs. NLR — Risk / Return Rank

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

UUUU

UUUU Risk / Return Rank: 84
UUUU Sharpe Ratio Rank: 88
UUUU Sortino Ratio Rank: 84
UUUU Omega Ratio Rank: 80
UUUU Calmar Ratio Rank: 87
UUUU Martin Ratio Rank: 82

NLR

NLR Risk / Return Rank: 18
NLR Sharpe Ratio Rank: 17
NLR Sortino Ratio Rank: 19
NLR Omega Ratio Rank: 18
NLR Calmar Ratio Rank: 18
NLR Martin Ratio Rank: 17

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.

UUUU vs. NLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Energy Fuels Inc. (UUUU) 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.

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.

	UUUU	NLR	Difference
Sharpe ratio: Return per unit of total volatility	1.89	0.44	+1.46
Sortino ratio: Return per unit of downside risk	2.47	0.90	+1.57
Omega ratio: Gain probability vs. loss probability	1.29	1.10	+0.19
Calmar ratio: Return relative to maximum drawdown	3.53	0.63	+2.90
Martin ratio: Return relative to average drawdown	6.84	1.41	+5.43

UUUU vs. NLR - Sharpe Ratio Comparison

The current UUUU Sharpe Ratio is 1.89, which is higher than the NLR Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of UUUU and NLR, 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

UUUU vs. NLR - Drawdown Comparison

The maximum UUUU drawdown since its inception was -99.64%, which is greater than NLR's maximum drawdown of -65.05%. Use the drawdown chart below to compare losses from any high point for UUUU and NLR.

Drawdown Indicators

	UUUU	NLR	Difference
Max Drawdown Largest peak-to-trough decline	-99.64%	-65.05%	-34.59%
Max Drawdown (1Y) Largest decline over 1 year	-51.28%	-29.72%	-21.56%
Max Drawdown (3Y) Largest decline over 3 years	-61.52%	-30.48%	-31.04%
Max Drawdown (5Y) Largest decline over 5 years	-68.70%	-30.48%	-38.22%
Max Drawdown (10Y) Largest decline over 10 years	-79.31%	-34.35%	-44.96%
Current Drawdown Current decline from peak	-93.60%	-25.81%	-67.79%
Average Drawdown Average peak-to-trough decline	-92.63%	-35.70%	-56.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.43%	13.33%	+13.10%

Volatility

UUUU vs. NLR - Volatility Comparison

Energy Fuels Inc. (UUUU) has a higher volatility of 27.22% compared to VanEck Uranium and Nuclear ETF (NLR) at 13.73%. This indicates that UUUU's price experiences larger fluctuations and is considered to be riskier than NLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UUUU	NLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.22%	13.73%	+13.49%
Volatility (6M) Calculated over the trailing 6-month period	67.09%	33.75%	+33.34%
Volatility (1Y) Calculated over the trailing 1-year period	95.70%	42.85%	+52.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.40%	29.56%	+43.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.59%	24.22%	+48.37%

Dividends

UUUU vs. NLR - Dividend Comparison

UUUU has not paid dividends to shareholders, while NLR's dividend yield for the trailing twelve months is around 2.60%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NLR VanEck Uranium and Nuclear ETF	2.60%	2.55%	0.76%	4.54%	2.02%	1.99%	2.23%	2.21%	3.91%	4.86%	3.62%	3.30%
UUUU Energy Fuels Inc.	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

Can I hold both UUUU and NLR in my portfolio?

UUUU and NLR have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UUUU or NLR?

UUUU has higher volatility (27.22%) compared to NLR (13.73%). In terms of maximum drawdown, UUUU dropped -99.64% vs NLR's -65.05%.

Which has better risk-adjusted returns?

UUUU currently has the higher Sharpe Ratio (1.89 vs 0.44), 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.