VVSM.DE vs. NUKL.DE

Last updated Jun 5, 2026

VVSM.DE (VanEck Semiconductor UCITS ETF) and NUKL.DE (VanEck Uranium and Nuclear Technologies UCITS ETF A) are both exchange-traded funds - VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index, 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, VVSM.DE returned 56.95%/yr vs 41.91%/yr for NUKL.DE. At a 0.46 correlation, their price movements are largely independent. VVSM.DE charges 0.35%/yr vs 0.55%/yr for NUKL.DE.

Performance

VVSM.DE vs. NUKL.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Semiconductor UCITS ETF (VVSM.DE) and VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VVSM.DE achieves a 86.02% return, which is significantly higher than NUKL.DE's 11.67% return.

VVSM.DE

• 1D: -2.77%
• 1M: 17.60%
• YTD: 86.02%
• 6M: 84.42%
• 1Y: 162.55%
• 3Y*: 56.95%
• 5Y*: 38.05%
• 10Y*: —

NUKL.DE

• 1D: 0.87%
• 1M: -5.22%
• YTD: 11.67%
• 6M: 4.25%
• 1Y: 49.71%
• 3Y*: 41.91%
• 5Y*: —
• 10Y*: —

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

VVSM.DE vs. NUKL.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VVSM.DE VanEck Semiconductor UCITS ETF	86.02%	33.22%	31.47%	38.78%
NUKL.DE VanEck Uranium and Nuclear Technologies UCITS ETF A	11.67%	51.50%	38.03%	24.46%

Correlation

The correlation between VVSM.DE 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	0.48
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023	0.46

The correlation between VVSM.DE and NUKL.DE has been stable across timeframes, ranging from 0.46 to 0.52 - a consistent structural relationship.

Return for Risk

VVSM.DE vs. NUKL.DE — Risk / Return Rank

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

VVSM.DE

VVSM.DE Risk / Return Rank: 96
VVSM.DE Sharpe Ratio Rank: 98
VVSM.DE Sortino Ratio Rank: 95
VVSM.DE Omega Ratio Rank: 94
VVSM.DE Calmar Ratio Rank: 98
VVSM.DE Martin Ratio Rank: 97

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.

VVSM.DE vs. NUKL.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (VVSM.DE) 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.

	VVSM.DE	NUKL.DE	Difference
Sharpe ratio: Return per unit of total volatility	5.17	1.21	+3.96
Sortino ratio: Return per unit of downside risk	5.30	1.81	+3.49
Omega ratio: Gain probability vs. loss probability	1.68	1.21	+0.47
Calmar ratio: Return relative to maximum drawdown	14.16	1.86	+12.30
Martin ratio: Return relative to average drawdown	48.94	4.43	+44.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VVSM.DE vs. NUKL.DE - Sharpe Ratio Comparison

The current VVSM.DE Sharpe Ratio is 5.17, which is higher than the NUKL.DE Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of VVSM.DE 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

	VVSM.DE	NUKL.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.17	1.21	+3.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	1.10	+0.14

Drawdowns

VVSM.DE vs. NUKL.DE - Drawdown Comparison

The maximum VVSM.DE drawdown since its inception was -37.64%, roughly equal to the maximum NUKL.DE drawdown of -37.52%. Use the drawdown chart below to compare losses from any high point for VVSM.DE and NUKL.DE.

Drawdown Indicators

	VVSM.DE	NUKL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-37.64%	-37.52%	-0.12%
Max Drawdown (1Y) Largest decline over 1 year	-11.65%	-27.12%	+15.47%
Max Drawdown (3Y) Largest decline over 3 years	-37.53%	-37.52%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-37.64%	—	—
Current Drawdown Current decline from peak	-2.77%	-12.83%	+10.06%
Average Drawdown Average peak-to-trough decline	-10.22%	-7.79%	-2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	11.43%	-8.05%

Volatility

VVSM.DE vs. NUKL.DE - Volatility Comparison

VanEck Semiconductor UCITS ETF (VVSM.DE) has a higher volatility of 12.04% compared to VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) at 11.05%. This indicates that VVSM.DE's price experiences larger fluctuations and is considered to be riskier than NUKL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VVSM.DE	NUKL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.04%	11.05%	+0.99%
Volatility (6M) Calculated over the trailing 6-month period	24.35%	28.97%	-4.62%
Volatility (1Y) Calculated over the trailing 1-year period	31.92%	41.82%	-9.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.15%	34.24%	-3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.81%	34.24%	-3.43%

VVSM.DE vs. NUKL.DE - Expense Ratio Comparison

VVSM.DE has a 0.35% expense ratio, which is lower than NUKL.DE's 0.55% expense ratio.

Dividends

VVSM.DE vs. NUKL.DE - Dividend Comparison

Neither VVSM.DE nor NUKL.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

VVSM.DE 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, VVSM.DE or NUKL.DE?

On fees, VVSM.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VVSM.DE or NUKL.DE?

VVSM.DE is cheaper with a 0.35% expense ratio, compared with 0.55% for NUKL.DE.

What is the main difference between VVSM.DE and NUKL.DE?

VVSM.DE is categorized as Semiconductors, while NUKL.DE is Energy Equities. VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index, while NUKL.DE tracks MarketVector Global Uranium and Nuclear Energy Infrastructure. Their fees differ too: 0.35% for VVSM.DE and 0.55% for NUKL.DE.