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 is a Materials category fund managed by VanEck with $3.55 billion in assets. It holds the lowest possible grade of F, ranking 15th out of 15 peers in its category and 445th of 458 tracked ETFs overall. The fund charges an expense ratio of 0.52%, which matches the category median, while offering a dividend yield of 3.50% that significantly exceeds the peer average of 1.43%. Concentration is notable, with the top ten holdings comprising 61.1% of assets and Cameco Corp representing the largest single position at 8.4%.

The fund’s price of $90.38 sits at the very bottom of its 52-week range, reflecting a sharp divergence between recent losses and longer-term gains. While the three-year return stands at +42.82%, the one-year performance has fallen to -34.15%, trailing the category median of +10.74% by a wide margin. This deterioration was formalized when the rating was downgraded from D to F on 2026-10-16. The record is based on only 3.0 years of price history, limiting the depth of the historical view.

Risk metrics indicate a highly volatile asset with an annualized volatility of 44.00% and a beta of 1.54, meaning it moves 1.54 times the market. The Sharpe ratio of -0.89 suggests poor risk-adjusted returns, compounded by a maximum drawdown of -45.01%. Liquidity is moderate, with an average daily volume of 386,907 shares. These figures collectively describe a fund that has experienced significant price swings and substantial peak-to-trough declines.

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

NLR Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 61.1% 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 5 of the same companies as NLR's top 10 (28.6% 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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

NLR Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 387K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $3.55B 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