NLR
VanEck Uranium+Nuclear Energy ETF
VanEck Vectors Nuclear ETF seeks investment results that correspond to the price and yield of the DAXglobal Nuclear Energy Index, a modified market-capitalization index.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
1.9 B
ASSETS UNDER MGMT
61 bp
EXPENSES
Fund Basics
| Fund sponsor | Van Eck Associates Corp |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 13, 2007 |
| Assets (mns) | $1,926 |
| Expense ratio | 61 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CONSTELLATION ENERGY CORPORATION | 7.6 % |
| CAMECO CORP | 7.1 % |
| CENTRUS ENERGY CORP. CLASS A | 5.8 % |
| BWX TECHNOLOGIES, INC. | 5.5 % |
| URANIUM ENERGY CORP | 5.4 % |
| PUBLIC SERVICE ENTERPRISE GP | 5.3 % |
| DENISON MINES CORP | 5.1 % |
| NUSCALE POWER CORPORATION CLASS A | 4.7 % |
| CGN POWER CO LTD | 4.4 % |
| ALTC ACQUISITION CORP. CLASS A | 4.2 % |
Constituent Breakdown
| Number of holdings | 30 |
| Herfindahl-Hirschman Index | 435 |
| Wgt avg mkt cap (mns) | $16,760 |
| Large cap (>$10bn) | 37.9% |
| Mid cap ($2-10bn) | 20.0% |
| Small cap (<$2bn) | 29.1% |
| Developed mkts. | 82.8% |
| Emerging mkts. | 7.1% |
Country Exposure
 |
UNITED STATES | 47.3 % |
 |
CANADA | 18.4 % |
 |
AUSTRALIA | 9.4 % |
 |
BRITAIN | 3.3 % |
 |
CZECH REPUBLIC | 3.2 % |
 |
SOUTH KOREA | 3.0 % |
 |
FINLAND | 2.9 % |
 |
HONG KONG | 2.1 % |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 40.9% | 45.2% | 36.6% | 27.3% | 20.9% | 8.7% | -- | 0.1% |
| Dividend Yield | 0.0% | 1.1% | 3.6% | 3.1% | 2.8% | 3.2% | -- | 3.4% |
| Total Returns | 40.9% | 46.3% | 40.3% | 30.4% | 23.7% | 11.9% | -- | 3.5% | Ann. Volatility | 40.0% | 36.5% | 30.7% | 27.7% | 23.8% | 21.3% | -- | 24.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.85 | 23% |
| MSCI EAFE | 0.37 | 5% |
| MSCI Emg Mkts | 0.25 | 2% |
Liquidity Measures
| Avg. volume (000) | 475 |
| ADV traded (mns) | $53 |
| Turnover | 2.8% |
| Avg. Bid/Ask (% of price) | 0.35% |
Technical Indicators
| Recent close | $112.05 |
| 30d moving avg. | $111.98 |
| Annualized volatility | 27.0% |
| Relative strength (RSI) | 61 |
| Short interest | 3.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| URAN | Themes Uranium & Nuclear ETF | 43.9% | -26 bp | +1.6% |
| NUKZ | Range Nuclear Renaissance Index ETF | 30.6% | +24 bp | +1.4% |
| URA | Global X Uranium ETF | 28.3% | +8 bp | +1.8% |
| URNJ | Sprott Junior Uranium Miners ETF | 26.2% | +19 bp | -3.4% |
| SETM | Sprott Energy Transition Materials ETF | 18.9% | +4 bp | +3.0% |
| UTES | Virtus Reaves Utilities ETF | 15.8% | -12 bp | +3.9% |
| XLU | Utilities Select Sector SPDR Fund | 13.3% | -53 bp | +5.0% |
| VPU | Vanguard Utilities ETF | 12.7% | -52 bp | +5.2% |
| FTWO | Strive FAANG 2.0 ETF | 12.1% | -12 bp | +4.5% |
| IDU | iShares U.S. Utilities ETF | 11.7% | -21 bp | +4.6% |
Risk and Returns: vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 8/2/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
NLR
2.0%
Cat. Avg
4.5%
ALTAR Score™ Calculation
Category Overview
There are 372 funds in the Global Equity category, with an average ALTAR Score™
of 4.5% and a standard deviation of
3.4%. NLR's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places NLR in the 23rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
NLRSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| (61 bp) Percentile rank | 63 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| NLR | 61.0 | 0.0 | 61 |
| Peer Avg. | 56.4 | 41.7 | 98.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .