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NLR

GradeANew York Stock Exchange Arca

VanEck Uranium and Nuclear ETF

Themes · VanEck · Inception 2007-08-13 · SEC filings

$109.13−2.82 (−2.52%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 58 prints from 111.95 to 109.13. Range 108.54 to 110.39. Use the arrow keys to read each point.$108.50$109.50$110.00$110.5010 AM12 PM2 PM4 PM
Expense ratio
0.52%
Fund size
$3.8B
1Y return
−18.1%
Yield · Last 12 months
2.83%
Holdings
29
Volume · 30D
0.4M sh
NAV per share
$110.73
52W range
low $101.92high $168.12

The ETF.net NLR Grade

A

74/ 100

Rank 1 of 9 in Uranium & Nuclear⁠

Confidence Medium

Six-pillar profile for NLR. Scores out of 100: Cost 90, Risk 41, Mission not scored, Tradability 79, Holdings 64, Durability 85. Strongest: Cost (90). Weakest: Risk (41). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 74 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 90
    Category rank1/9 · top 11%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 41
    Category rank6/9 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 79
    Category rank1/9 · top 11%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 64
    Category rank4/9 · top 44%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 85
    Category rank2/9 · top 22%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on NLR

ETF.net Research

AThe original nuclear ETF, listed since 2007. NLR owns the whole chain (uranium miners, reactor builders, nuclear utilities, and the equipment firms serving them) at a lower fee than most of its rivals.

Stated mandate

The fund seeks to track the MVIS Global Uranium & Nuclear Energy Index before fees and expenses. The index covers companies involved in uranium mining, nuclear-facility and reactor construction, engineering and maintenance, nuclear electricity generation, and nuclear-industry equipment, technology, or services.

Why people hold it

  1. 01At 0.52% a year it undercuts the typical uranium and nuclear fund, and both URA (0.69%) and URNM (0.75%).
  2. 02Not just diggers: the index spans uranium mining, reactor construction and engineering, nuclear electricity generation, and the equipment and services suppliers behind them.vaneck.com
  3. 03A purity screen keeps it honest: index members must draw at least half their revenue from uranium and nuclear energy, so no loosely related mega-cap filler.marketvector.com
  4. 04Trading since August 2007, well before URA (2010) and the newer nuclear funds. It has lived through the theme's full boom-to-bust-to-revival cycle.stockanalysis.com

Worth knowing

  1. 01Around 29 holdings in a single theme. Concentration cuts both ways, and one company's news can swing the fund.
  2. 02Utilities and industrials in the mix soften the direct link to uranium prices that a miners-only fund like URNM gives you.
  3. 03Global by design, so foreign listings, currency moves, and overseas policy decisions all feed into returns.vaneck.com

NLR Holdings

As of Sep 20, 2026, 6:07 AM
Asset class
Stocks
Holdings
29
Top-10 weight
61%
Largest holding
CEG8.9%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001CEGConstellation Energy Corp8.92%1,295,974$341M353
002CCJCameco Corp8.03%3,304,396$307M49
003FORTUM.HEFortum Oyj7.31%9,944,499$279M102
004PEGPublic Service Enterprise Group Inc6.50%3,496,169$248M290
005BWXTBwx Technologies Inc5.34%1,394,189$204M200
006NXENexgen Energy Ltd5.24%21,171,524$200M8
007UECUranium Energy Corp4.97%18,750,949$190M93
008PDN.AXPaladin Energy Ltd4.77%26,700,552$182M49
009LEUCentrus Energy Corp4.73%1,204,783$181M105
010DNNDenison Mines Corp4.72%62,414,819$180M10
0111816.HKCgn Power Co Ltd4.65%466,239,000$178M70
012KAP.ILNac Kazatomprom Jsc4.56%2,548,440$174M12
013SMRNuscale Power Corp4.50%19,013,343$172M79
014OKLOOklo Inc4.15%3,996,414$158M87
015UUUUEnergy Fuels Inc/Canada4.05%12,902,427$155M35

Showing 1–15 of 28 holdings

NLR Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

NLR$8,192
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. NLR $8,192. SPY $11,723. Use the arrow keys to read each point.$7,154$9,772$12,389Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for NLR. Periods over one year show the average yearly return.
PeriodNLR
Year to date−9.9%
1 month−6.7%
3 months−10.1%
1 year−18.1%
3 years+19.2%per year
5 years+18.5%per year
10 years+11.4%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NLR
YearReturn barNLR
2026 YTD−9.9%
2025+56.5%
2024+14.3%
2023+36.6%
2022+2.3%
2021+13.6%
2020+3.5%

NLR in the news

NLR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.83%Last 12 months
Payout per share
$3.17Last 12 months
Last payment
$3.17 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 18, 2017 $2.38; Dec 20, 2018 $1.94; Dec 23, 2019 $1.18; Dec 21, 2020 $1.10; Dec 20, 2021 $1.09; Dec 19, 2022 $1.11; Dec 18, 2023 $3.26; Dec 23, 2024 $0.61; Dec 22, 2025 $3.17. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$3.17
Dec 23, 2024Dec 24, 2024$0.61
Dec 18, 2023Dec 22, 2023$3.26
Dec 19, 2022Dec 23, 2022$1.11
Dec 20, 2021Dec 27, 2021$1.09
Dec 21, 2020Dec 28, 2020$1.10
Dec 23, 2019Dec 30, 2019$1.18
Dec 20, 2018Dec 27, 2018$1.94
Dec 18, 2017Dec 22, 2017$2.38
Dec 19, 2016Dec 23, 2016$1.72
Dec 21, 2015Dec 28, 2015$1.49
Dec 22, 2014Dec 29, 2014$1.27

NLR Risk

How much the fund’s monthly returns vary, scaled to a year.
34.4%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.70
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−37.5%
Trough Jul 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.07
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

NLR Cost

Expense ratio0.52%
  • The middle half of Uranium & Nuclear funds
  • Median 0.75%

No Uranium & Nuclear fund charges less.

NLR costs $52.00 a year on $10,000. The median Uranium & Nuclear fund costs $75.00.