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
1.5 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) | $1,464 |
| 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 +
| ALTC ACQUISITION CORP. CLASS A | 9.0 % |
| CONSTELLATION ENERGY CORPORATION | 8.0 % |
| NUSCALE POWER CORPORATION CLASS A | 7.9 % |
| CAMECO CORP | 7.4 % |
| PUBLIC SERVICE ENTERPRISE GP | 5.9 % |
| ENDESA SA | 5.7 % |
| BWX TECHNOLOGIES, INC. | 4.6 % |
| CENTRUS ENERGY CORP. CLASS A | 4.5 % |
| P G & E CORP | 4.3 % |
| CEZ AS | 4.1 % |
Constituent Breakdown
| Number of holdings | 29 |
| Herfindahl-Hirschman Index | 507 |
| Wgt avg mkt cap (mns) | $18,553 |
| Large cap (>$10bn) | 47.3% |
| Mid cap ($2-10bn) | 23.4% |
| Small cap (<$2bn) | 20.0% |
| Developed mkts. | 84.8% |
| Emerging mkts. | 7.4% |
Country Exposure
 |
UNITED STATES | 50.7 % |
 |
CANADA | 16.2 % |
 |
SPAIN | 5.7 % |
 |
AUSTRALIA | 5.6 % |
 |
CZECH REPUBLIC | 4.1 % |
 |
FINLAND | 4.1 % |
 |
BRITAIN | 2.6 % |
 |
SOUTH KOREA | 2.6 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 19.5% | 12.0% | 33.4% | 19.7% | 16.9% | 6.8% | -- | -0.9% |
| Dividend Yield | 0.0% | 0.8% | 3.5% | 2.9% | 2.7% | 3.2% | -- | 3.4% |
| Total Returns | 19.5% | 12.8% | 36.9% | 22.7% | 19.6% | 10.0% | -- | 2.6% | Ann. Volatility | 43.1% | 35.6% | 29.9% | 27.3% | 23.3% | 21.0% | -- | 24.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.80 | 26% |
| MSCI EAFE | 0.41 | 7% |
| MSCI Emg Mkts | 0.35 | 5% |
Liquidity Measures
| Avg. volume (000) | 357 |
| ADV traded (mns) | $37 |
| Turnover | 2.6% |
| Avg. Bid/Ask (% of price) | 0.35% |
Technical Indicators
| Recent close | $105.03 |
| 30d moving avg. | $92.82 |
| Annualized volatility | 26.8% |
| Relative strength (RSI) | 69 |
| Short interest | 0.2% |
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 | 39.8% | -26 bp | +1.9% |
| URA | Global X Uranium ETF | 29.3% | +8 bp | +2.0% |
| URNJ | Sprott Junior Uranium Miners ETF | 17.4% | +19 bp | -3.4% |
| SETM | Sprott Energy Transition Materials ETF | 17.2% | +4 bp | +3.8% |
| UTES | Virtus Reaves Utilities ETF | 16.2% | -12 bp | +4.1% |
| XLU | Utilities Select Sector SPDR Fund | 13.1% | -53 bp | +5.3% |
| RNWZ | TrueShares Eagle Global Renewable Energy Income ETF | 12.1% | +14 bp | +7.8% |
| VPU | Vanguard Utilities ETF | 12.1% | -51 bp | +5.4% |
| FTWO | Strive FAANG 2.0 ETF | 11.9% | -12 bp | +4.6% |
| IDU | iShares U.S. Utilities ETF | 11.3% | -21 bp | +4.8% |
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 6/16/2025
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™
2.2%
Cat. Avg
4.5%
ALTAR Score™ Calculation
Category Overview
There are 370 funds in the Global Equity category, with an average ALTAR Score™
of 4.5% and a standard deviation of
3.5%. 's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places in the 25th 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) |
|
|---|---|---|---|
| 61.0 | 0.0 | 61 | |
| Peer Avg. | 56.2 | 40.3 | 96.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .