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
$ 4.4 B
ASSETS UNDER MGMT
61 bp
EXPENSES
Fund Basics
| Inception date | Aug 13, 2007 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CAMECO CORP | 8.7 % |
| CONSTELLATION ENERGY CORPORATION | 6.1 % |
| DENISON MINES CORP | 6.0 % |
| BWX TECHNOLOGIES, INC. | 5.6 % |
| P G & E CORP | 5.4 % |
| PUBLIC SERVICE ENTERPRISE GP | 5.2 % |
| PALADIN ENERGY LIMITED | 5.0 % |
| CGN POWER CO LTD | 5.0 % |
| URANIUM ENERGY CORP | 4.5 % |
| KEPCO ENGINEERING & CONSTRUC | 4.0 % |
Constituent Breakdown
| Number of holdings | 29 |
| Herfindahl-Hirschman Index | 432 |
| Wgt avg mkt cap (mns) | $17,886 |
| Large cap (>$10bn) | 37.1% |
| Mid cap ($2-10bn) | 36.7% |
| Small cap (<$2bn) | 12.1% |
| Developed mkts. | 81.1% |
| Emerging mkts. | 6.7% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 39.2 % |
 |
CANADA | 21.4 % |
 |
AUSTRALIA | 8.8 % |
 |
SOUTH KOREA | 4.0 % |
 |
HONG KONG | 3.8 % |
 |
FINLAND | 3.6 % |
 |
CZECH REPUBLIC | 3.5 % |
 |
BRITAIN | 3.2 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 19.4% | 87.0% | 42.4% | 38.9% | 25.5% | 12.5% | -- | 1.5% |
| Dividend Yield | 0.0% | 4.7% | 2.3% | 3.6% | 3.0% | 3.2% | -- | 3.5% |
| Total Returns | 19.4% | 91.6% | 44.7% | 42.5% | 28.5% | 15.7% | -- | 5.0% | Ann. Volatility | 50.5% | 41.0% | 36.5% | 32.2% | 27.5% | 23.4% | -- | 25.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.09 | 26% |
| MSCI EAFE | 1.15 | 21% |
| MSCI Emg Mkts | 1.26 | 31% |
Liquidity Measures
| Avg. volume (000) | 465 |
| ADV traded (mns) | $59 |
| Turnover | 1.4% |
| Avg. Bid/Ask (% of price) | 0.19% |
Technical Indicators
| 30d moving avg. (EMA) | $141.09 |
| Relative strength (RSI) | 43 |
| MACD/Signal | -3.22/-1.81 |
| Bollinger Bands (Upper/Lower) | $155.00/$129.10 |
| Short interest (% of AUM) | 1.1% |
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. NLR |
Expenses vs. NLR |
ALTAR Score™ vs. NLR |
|---|---|---|---|---|
| URAN | Themes Uranium & Nuclear ETF | 37.4% | -26 bp | +0.7% |
| TNUK | Tortoise Nuclear Renaissance ETF | 31.3% | +14 bp | +0.1% |
| URA | Global X Uranium ETF | 24.5% | +8 bp | -0.7% |
| NUKZ | Range Nuclear Renaissance Index ETF | 23.9% | +24 bp | +0.6% |
| URNJ | Sprott Junior Uranium Miners ETF | 21.6% | +19 bp | -4.7% |
| SETM | Sprott Energy Transition Materials ETF | 19.7% | +4 bp | +0.2% |
| FUTY | Fidelity MSCI Utilities Index ETF | 11.8% | -53 bp | +3.6% |
| XLU | Utilities Select Sector SPDR | 11.8% | -53 bp | +3.5% |
| VPU | Vanguard Utilities ETF | 11.5% | -52 bp | +3.5% |
| IDU | iShares U.S. Utilities ETF | 10.5% | -21 bp | +3.1% |
Risk and Returns: NLR 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 3/23/2026
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
1.7%
ALTAR SCORE™
13rd
PERCENTILE
AVOID
ETFRC RATING
There are 567 funds in the Global Equity category with an average
ALTAR Score™ of 4.8% and a standard deviation
of 2.7%. NLR's ALTAR Score™ is approximately -1.1 standard
deviations above the category average. This places NLR in the 13rd percentile
among funds in the category.
Sell-Side Consensus
$174.09
PRICE TARGET
+36.2%
UPSIDE