NLR — VanEck Uranium and Nuclear ETF

NLR Price Performance — Growth of $10,000

Value of a $10,000 investment in NLR over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

NLR Drawdown

The "underwater" chart: NLR's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The VanEck Uranium and Nuclear ETF (NLR) operates within the Materials category, where it is one of 15 funds tracked by ETFValuer. Issued by VanEck, the fund has accumulated assets under management of $4.21 billion while trading at a price of $108.10. It holds an overall rank of #419 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of D with a score of 40.3 out of 100. The fund charges an expense ratio of 0.52% and currently offers a dividend yield of 2.73%. The substantial asset size relative to its category ranking suggests significant investor capital allocation despite the lower overall performance grade. These metrics collectively define the fund's current standing as a large-cap vehicle within a competitive sector environment.

Recent price action shows a sharp decline over the last day with a return of -2.97%, following a weekly gain of +3.74%. Over the past month, the fund has fallen -9.50%, extending into a -26.14% loss over three months and a -29.31% drop over six months. Year-to-date performance stands at -18.75%, while the one-year return is recorded at -5.99%. In contrast to these recent negative trends, the fund posted a substantial three-year return of +90.22%. This pattern indicates a significant divergence between long-term historical gains and recent short-term underperformance. The data reflects a deceleration in returns that has turned negative across most intermediate and short-term horizons.

The fund carries a volatility label of Very High and exhibits a beta of 1.13, indicating price movements that are more sensitive than the broader market. A Sharpe ratio of -0.25 suggests that the risk-adjusted returns have been negative over the measured period. The maximum drawdown recorded for the fund is -36.61%, highlighting the potential for severe capital erosion during market downturns. This combination of high volatility, a beta above one, and a negative Sharpe ratio implies the fund experiences amplified swings in both directions. Investors face significant downside risk as evidenced by the deep drawdown, which aligns with the fund's recent negative returns across multiple timeframes.

AI-generated summary based on the data on this page.

NLR Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 57.9% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how NLR's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With NLR

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with NLR's top 10 — URA overlaps most, holding 2 of the same companies as NLR's top 10 (12.5% of NLR's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

NLR Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 6.36% and average daily volume is 491K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $4.21B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: NLR is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

NLR Performance History

How NLR Compares to Other Materials ETFs