WREE.L vs. NCLR.L
WREE.L (WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc) and NCLR.L (WisdomTree Uranium and Nuclear Energy UCITS ETF) are both exchange-traded funds - WREE.L is a Rare Earth & Strategic Metals fund tracking the WisdomTree Strategic Metals and Rare Earths Miners Index, while NCLR.L is a Uranium fund tracking the WisdomTree Uranium and Nuclear Energy UCITS Index. Both are passively managed. Over the past year, WREE.L returned 90.87% vs 44.49% for NCLR.L. A 0.58 correlation means they provide meaningful diversification when combined. WREE.L charges 0.50%/yr vs 0.45%/yr for NCLR.L.
Performance
WREE.L vs. NCLR.L - Performance Comparison
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Returns By Period
In the year-to-date period, WREE.L achieves a 7.84% return, which is significantly higher than NCLR.L's 2.39% return.
WREE.L
- 1D
- 0.00%
- 1M
- -14.93%
- YTD
- 7.84%
- 6M
- 16.54%
- 1Y
- 90.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NCLR.L
- 1D
- 0.00%
- 1M
- -16.24%
- YTD
- 2.39%
- 6M
- 2.87%
- 1Y
- 44.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WREE.L vs. NCLR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WREE.L WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc | 7.84% | 85.19% |
NCLR.L WisdomTree Uranium and Nuclear Energy UCITS ETF | 2.39% | 112.38% |
Correlation
The correlation between WREE.L and NCLR.L is 0.60, 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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025 | 0.58 |
The correlation between WREE.L and NCLR.L has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.
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Return for Risk
WREE.L vs. NCLR.L — Risk / Return Rank
WREE.L
NCLR.L
WREE.L vs. NCLR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.L) and WisdomTree Uranium and Nuclear Energy UCITS ETF (NCLR.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.
| WREE.L | NCLR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.18 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 1.54 | +1.78 |
| Martin ratioReturn relative to average drawdown | 7.72 | 3.66 | +4.06 |
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Drawdowns
WREE.L vs. NCLR.L - Drawdown Comparison
The maximum WREE.L drawdown since its inception was -27.50%, roughly equal to the maximum NCLR.L drawdown of -28.53%. Use the drawdown chart below to compare losses from any high point for WREE.L and NCLR.L.
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Drawdown Indicators
| WREE.L | NCLR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.50% | -28.53% | +1.03% |
Max Drawdown (1Y)Largest decline over 1 year | -26.87% | -28.53% | +1.66% |
Current DrawdownCurrent decline from peak | -19.29% | -27.09% | +7.80% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -8.41% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.56% | 12.05% | -0.49% |
Volatility
WREE.L vs. NCLR.L - Volatility Comparison
WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.L) and WisdomTree Uranium and Nuclear Energy UCITS ETF (NCLR.L) have volatilities of 12.90% and 12.76%, 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
| WREE.L | NCLR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.90% | 12.76% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 30.74% | 34.71% | -3.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.33% | 47.01% | +9.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5,411.89% | 47.26% | +5,364.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5,411.89% | 47.26% | +5,364.63% |
WREE.L vs. NCLR.L - Expense Ratio Comparison
WREE.L has a 0.50% expense ratio, which is higher than NCLR.L's 0.45% expense ratio.
Dividends
WREE.L vs. NCLR.L - Dividend Comparison
Neither WREE.L nor NCLR.L has paid dividends to shareholders.
Frequently Asked Questions
WREE.L and NCLR.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NCLR.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NCLR.L is cheaper with a 0.45% expense ratio, compared with 0.50% for WREE.L.
WREE.L is categorized as Rare Earth & Strategic Metals, while NCLR.L is Uranium. WREE.L tracks WisdomTree Strategic Metals and Rare Earths Miners Index, while NCLR.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index. Their fees differ too: 0.50% for WREE.L and 0.45% for NCLR.L.
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