VFEG.L vs. NUKL.DE

Last updated Jun 9, 2026

VFEG.L (Vanguard FTSE Emerging Markets UCITS ETF Acc) and NUKL.DE (VanEck Uranium and Nuclear Technologies UCITS ETF A) are both exchange-traded funds - VFEG.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while NUKL.DE is a Energy Equities fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure. Both are passively managed. Over the past 3 years, VFEG.L returned 14.10%/yr vs 42.10%/yr for NUKL.DE. At a 0.46 correlation, their price movements are largely independent. VFEG.L charges 0.22%/yr vs 0.55%/yr for NUKL.DE.

Performance

VFEG.L vs. NUKL.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.L) and VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VFEG.L is traded in GBP, while NUKL.DE is traded in EUR. To make them comparable, the NUKL.DE values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, VFEG.L achieves a 9.05% return, which is significantly lower than NUKL.DE's 10.74% return.

VFEG.L

• 1D: -0.14%
• 1M: -1.60%
• YTD: 9.05%
• 6M: 9.31%
• 1Y: 26.30%
• 3Y*: 14.10%
• 5Y*: 5.67%
• 10Y*: —

NUKL.DE

• 1D: 0.95%
• 1M: -4.56%
• YTD: 10.74%
• 6M: 3.24%
• 1Y: 53.12%
• 3Y*: 42.10%
• 5Y*: —
• 10Y*: —

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

VFEG.L vs. NUKL.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VFEG.L Vanguard FTSE Emerging Markets UCITS ETF Acc	9.05%	17.15%	14.12%	-3.14%
NUKL.DE VanEck Uranium and Nuclear Technologies UCITS ETF A	10.74%	59.38%	32.02%	20.83%

Correlation

The correlation between VFEG.L and NUKL.DE is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (All Time) Calculated using the full available price history since Feb 8, 2023	0.46

The correlation between VFEG.L and NUKL.DE has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.

Return for Risk

VFEG.L vs. NUKL.DE — Risk / Return Rank

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

VFEG.L

VFEG.L Risk / Return Rank: 61
VFEG.L Sharpe Ratio Rank: 62
VFEG.L Sortino Ratio Rank: 60
VFEG.L Omega Ratio Rank: 62
VFEG.L Calmar Ratio Rank: 64
VFEG.L Martin Ratio Rank: 59

NUKL.DE

NUKL.DE Risk / Return Rank: 34
NUKL.DE Sharpe Ratio Rank: 34
NUKL.DE Sortino Ratio Rank: 35
NUKL.DE Omega Ratio Rank: 32
NUKL.DE Calmar Ratio Rank: 38
NUKL.DE Martin Ratio Rank: 31

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.

VFEG.L vs. NUKL.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.L) and VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE). 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.

	VFEG.L	NUKL.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.31	+0.56
Sortino ratio: Return per unit of downside risk	2.54	1.91	+0.63
Omega ratio: Gain probability vs. loss probability	1.34	1.22	+0.11
Calmar ratio: Return relative to maximum drawdown	2.91	2.07	+0.84
Martin ratio: Return relative to average drawdown	9.49	4.83	+4.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VFEG.L vs. NUKL.DE - Sharpe Ratio Comparison

The current VFEG.L Sharpe Ratio is 1.87, which is higher than the NUKL.DE Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of VFEG.L and NUKL.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VFEG.L	NUKL.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.87	1.31	+0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	1.08	-0.91

Drawdowns

VFEG.L vs. NUKL.DE - Drawdown Comparison

The maximum VFEG.L drawdown since its inception was -34.33%, roughly equal to the maximum NUKL.DE drawdown of -35.83%. Use the drawdown chart below to compare losses from any high point for VFEG.L and NUKL.DE.

Drawdown Indicators

	VFEG.L	NUKL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.33%	-35.83%	+1.50%
Max Drawdown (1Y) Largest decline over 1 year	-8.99%	-26.33%	+17.34%
Max Drawdown (3Y) Largest decline over 3 years	-22.33%	-35.83%	+13.50%
Max Drawdown (5Y) Largest decline over 5 years	-22.33%	—	—
Current Drawdown Current decline from peak	-3.77%	-13.29%	+9.52%
Average Drawdown Average peak-to-trough decline	-11.89%	-8.03%	-3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	11.32%	-8.55%

Volatility

VFEG.L vs. NUKL.DE - Volatility Comparison

The current volatility for Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.L) is 5.25%, while VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) has a volatility of 10.93%. This indicates that VFEG.L experiences smaller price fluctuations and is considered to be less risky than NUKL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFEG.L	NUKL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.25%	10.93%	-5.68%
Volatility (6M) Calculated over the trailing 6-month period	11.24%	28.54%	-17.30%
Volatility (1Y) Calculated over the trailing 1-year period	14.00%	41.58%	-27.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.27%	33.85%	-13.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.20%	33.85%	-11.65%

VFEG.L vs. NUKL.DE - Expense Ratio Comparison

VFEG.L has a 0.22% expense ratio, which is lower than NUKL.DE's 0.55% expense ratio.

Dividends

VFEG.L vs. NUKL.DE - Dividend Comparison

Neither VFEG.L nor NUKL.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VFEG.L and NUKL.DE in my portfolio?

VFEG.L and NUKL.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VFEG.L or NUKL.DE?

On fees, VFEG.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VFEG.L or NUKL.DE?

VFEG.L is cheaper with a 0.22% expense ratio, compared with 0.55% for NUKL.DE.

What is the main difference between VFEG.L and NUKL.DE?

VFEG.L is categorized as Emerging Markets Equities, while NUKL.DE is Energy Equities. VFEG.L tracks MSCI EM NR USD, while NUKL.DE tracks MarketVector Global Uranium and Nuclear Energy Infrastructure. They also come from different issuers: Vanguard and VanEck. Their fees differ too: 0.22% for VFEG.L and 0.55% for NUKL.DE.