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Launched · SEC filings

VanEck Uranium and Nuclear ETF

NLRNYSE ArcaVanEckA

$89.65−2.10 (−2.29%)

At close: Nov 2, 2026, 4:00 PM ET

A73/ 100

Rank 1 of 9 in Uranium & Nuclear

A73/100Rank 1 of 9inUranium & Nuclear
Intraday session: down, 79 prints from 91.75 to 89.65. Range 89.65 to 93.83. Use the arrow keys to read each point.91.0093.0094.0010 AM12 PM2 PM4 PM
Expense ratio
0.52%
Fund size
$3.1B
1Y total return
−39.4%
Yield · Last 12 months
3.45%
Holdings
28
Avg volume · 30D
408K sh
52W range
low $88.81high $165.21
Launched
Filings
SEC EDGAR

The ETF.net NLR Grade

Based on 5 of 6 pillars

A

Score 73 out of 100

Category
Uranium & Nuclear⁠
Rank
1 of 9
Six-pillar profile for NLR. Scores out of 100: Cost 90, Risk 41, Mission not scored, Tradability 82, Holdings 54, Durability 85. Strongest: Cost (90). Weakest: Risk (41). Based on 5 of 6 pillars.

Score 73 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A90 out of 100
    Rank 1 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C41 out of 100
    Rank 6 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A82 out of 100
    Rank 1 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C54 out of 100
    Rank 5 of 9

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A85 out of 100
    Rank 2 of 9

Our read on NLR

ETF.net Research

In short

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

  • At 0.52% a year it undercuts the typical uranium and nuclear fund, and both URA (0.69%) and URNM (0.75%).
  • Not just diggers: the index spans uranium mining, reactor construction and engineering, nuclear electricity generation, and the equipment and services suppliers behind them.vaneck.com
  • A 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
  • Trading 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

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

NLR Holdings

Holdings pillarC54 out of 100Rank 5 of 9 in Uranium & Nuclear
Asset class
Stocks
Holdings
28
Top-10 weight
66%
Largest holding
CEG9.2%

Sectors

  • Energy46.6%
  • Utilities33.5%
  • Industrials18.6%
  • Technology1.3%

Geography

  • United States50.75%
  • Canada20.07%
  • China8.61%
  • Finland7.79%
  • Australia6.88%
  • United Kingdom3.44%
  • South Korea2.46%

Developed 78% · Emerging 22% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1CEGConstellation Energy Corp9.17%1,116,582$295M375
2PEGPublic Service Enterprise Group Inc9.04%3,955,191$291M292
3CCJCameco Corp8.47%3,268,274$273M51
4FORTUM.HEFortum Oyj7.40%9,253,474$238M106
5BWXTBwx Technologies Inc6.73%1,570,583$217M190
61816.HKCgn Power Co Ltd6.30%466,192,000$203M71
7NXENexgen Energy Ltd5.70%21,204,423$183M9
8KAP.ILNac Kazatomprom Jsc4.97%2,497,896$160M12
9DNNDenison Mines Corp4.05%54,997,993$130M9
10UECUranium Energy Corp4.03%15,913,288$130M93
11OKLOOklo Inc4.01%4,818,054$129M88
12XEX-Energy Inc3.89%10,694,908$125M63
13PDN.AXPaladin Energy Ltd3.78%21,764,645$122M50
14YCA.LYellow Cake Plc3.27%14,694,632$105M35
15LEUCentrus Energy Corp3.26%949,411$105M107

Showing 1–15 of 28 holdings

NLR Performance

Launched Aug 13, 2007

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

NLR$6,062
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. NLR $6,062. SPY $11,199. Use the arrow keys to read each point.$6,000$8,000$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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−26.1%
1 month−11.3%
3 months−14.1%
1 year−39.4%
3 yearsper year+12.3%
5 yearsper year+13.2%
10 yearsper year+9.7%

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−26.1%
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 Oct 30, 2026.
3.45%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

See all 18 payments⁠

$10,000 in NLR 10 years ago paid $3,684 in dividends.⁠

NLR Risk

Risk pillarC41 out of 100Rank 6 of 9 in Uranium & Nuclear
How much the fund’s monthly returns vary, scaled to a year.
35.9%
Annualised · 36 months to Oct 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.
0.37
vs 3-month T-bills · to Oct 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.
−45.0%
Trough Oct 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.

FMP measures it over up to five years of monthly returns.

NLR Cost

Cheapest in Uranium & Nuclear

$10,351

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • NLR 0.52%

    $10,351

$10,000
30 years

Cost over time

  • NLR 0.52%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530NLR $10,351

Year by year

YearNLR
10$935
20$3,593
30$10,351

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