VanEck Uranium+nuclear Energy ETF Overview and Investment Analysis

The VanEck Uranium+Nuclear Energy ETF is an exchange-traded fund that tracks the performance of the uranium and nuclear energy sector.

This ETF is designed to provide investors with a convenient way to gain exposure to the uranium and nuclear energy markets.

The fund holds a basket of stocks that are involved in the production, processing, and trading of uranium and nuclear energy-related products.

The VanEck Uranium+Nuclear Energy ETF is listed on the New York Stock Exchange (NYSE) under the ticker symbol URNM.

The VanEck Uranium and Nuclear ETF, also known as NLR, has been a top performer in its category, with returns of 17.29% YTD amid a nuclear resurgence.

This ETF provides investors with exposure to the full nuclear energy ecosystem, outperforming other nuclear energy-related ETFs.

The VanEck Uranium and Nuclear ETF has a correlation of 1.00 with itself, as measured over the past year.

Here are some other ETFs correlated with NLR, including their expense ratios and correlation coefficients:

These ETFs can be used to build a diversified portfolio, compare correlated or related ETFs, or create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

The VanEck Uranium+Nuclear Energy ETF is a solid investment option for those interested in the nuclear energy sector. It provides exposure to a range of uranium and nuclear energy companies.

The fund is designed to track the MVIS Global Uranium and Nuclear Energy Index, which includes companies involved in uranium mining, nuclear power generation, and related services. This index is comprised of 25 companies from around the world.

Investors in the VanEck ETF can expect a high level of diversification, with holdings in companies like Cameco, Uranium One, and Urenco.

The fund details are an essential aspect of any investment analysis. Let's take a closer look at the specifics.

The fund's legal name is VanEck Uranium and Nuclear ETF.

This fund has been around since August 15, 2007, making it an established investment option.

As of the data available, the fund has 866,632 shares outstanding.

The currency used for this fund is USD, or the United States dollar.

Here's a quick rundown of the fund's key details:

These details provide a solid foundation for further analysis.

Understanding risk is crucial in investment analysis. It's essential to know the potential downsides of an investment before making a decision.

Volatility is a key indicator of risk. The annualised volatility measures the degree of price fluctuations during a one year period. Assets with higher volatility are generally considered more risky.

We calculate volatility based on the data for the past 1, 3, and 5 years to see if price fluctuations have become stronger or weaker over time.

The return per risk is another important metric. It's the annualised past return divided by the past annualised volatility. This metric gives you a retrospective indication of the degree of price fluctuation you had to bear with in order to obtain the return.

Here's a breakdown of the return per risk for different periods:

Maximum drawdown is a measure of the worst possible loss an investor could have suffered during a period. It's calculated by subtracting the lowest price from the highest price during the period.

For example, if there was a sequence of daily ETF prices: 10€, 5€, 12€, 20€, an investor would have suffered the worst loss by buying for 10€ and subsequently selling for 5€. Therefore, the maximum drawdown would be (5€ - 10€)/10€ = -50%.

Let's take a closer look at the top holdings of some of these investment portfolios. Cameco is the leading holding in the first portfolio, making up 16.36% of the total.

The top 10 holdings in these portfolios are dominated by companies in the energy sector. In the first portfolio, Cameco is the largest holding, followed by BWX Technologies and Uranium Energy Corp.

Here are the top 10 holdings in the first portfolio, ranked by percentage:

In the second portfolio, Constellation Energy Corp is the largest holding, making up 9.68% of the total.

When analyzing dividend yields, it's essential to consider the overall landscape.

The dividend yield of NLR is 0.74%.

Dividend yield can vary significantly across different categories, with Category Low and Category High having yields of 0.00% and 12.45% respectively.

NLR's dividend yield ranks 14.71% compared to its category.

A dividend yield of 0.74% is relatively low, indicating that investors may not be receiving a substantial return on their investment.

Here's a comparison of dividend yields across different categories: