NLRvsICLNETF Comparison
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VanEck Uranium+Nuclear Energy ETF (NLR) and iShares Global Clean Energy ETF (ICLN) belong to the same industry segment: Alternative Energy. NLR's top 3 sector exposures are Energy, Utilities and Industrials. In contrast, ICLN's top sector exposures are Industrials, Utilities and Technology. NLR is more expensive with a Total Expense Ratio (TER) of 0.52%, versus 0.38% for ICLN. NLR is down -4.53% year-to-date (YTD) with +$890M in YTD flows. ICLN performs better with 8.83% YTD performance, and +$147M in YTD flows. Run a side-by-side ETF comparison of NLR and ICLN below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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NLR vs ICLN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NLR ICLN | +0.81%-1.24% | +2.12%-10.30% | -4.53%+8.83% | -1.39%+23.23% | +90.82%+20.01% | +140.78%-15.79% |
| Flows | NLR ICLN | -$47M+$86M | -$232M-$498M | +$890M+$147M | +$2.13B+$273M | +$3.98B-$1.13B | +$4.04B-$2.00B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NLR ICLN | +36.89%+31.97% | +39.33%+28.90% | +32.56%+24.59% | +27.61%+26.58% |
| Max drawdown | NLR ICLN | -19.34%-21.80% | -36.67%-28.47% | -36.67%-31.13% | -36.67%-56.66% |
| Max drawdown duration | NLR ICLN | 81d80d | 225d100d | 225d631d | 225d1774d |
Trading data
NLR | ICLN | |
Last sale 9/11/2026 at 5:57 PM | $114.39 | $17.93 |
| Previous close 09/10/2026 | $117.83 | $17.82 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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NLR | ICLN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 5:57 PM
Live
Closed
NLR | ICLN | |
|---|---|---|
| Last price | $114.39 | $17.93 |
| 1D performance | -2.92% | +0.62% |
| AuM | $4.12 B | $2.12 B |
| E/R | 0.52% | 0.38% |
Characteristics
NLR | ICLN | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | iShares |
| Benchmark | MVIS Global Uranium & Nuclear Energy Index | S&P Global Clean Energy Transition Index |
| N° of holdings | 25 | 104 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 13, 2007 | June 24, 2008 |
| ESG | No | Yes |
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Exposure
Countries
NLR
USA
51.08%
Canada
18.8%
Australia
7.41%
Other
22.71%
ICLN
USA
36.76%
China
22.42%
Other
40.81%
Sectors
NLR
Energy
39.26%
Utilities
31.2%
Industrials
23.85%
Other
5.69%
ICLN
Industrials
48.56%
Utilities
41.75%
Technology
7.31%
Other
2.39%
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Diversification
NLR
Total weight of top 15 holdings out of 15
83.33%
ICLN
Total weight of top 15 holdings out of 15
59.72%
Top 15 holdings
Data as of July 31, 2026
NLR
Constellation Energy Corp.
9.13%
Cameco Corp.
7.79%
Public Service Enterprise Group, Inc.
7.24%
BWX Technologies, Inc.
6.17%
Fortum Oyj
5.91%
Centrus Energy Corp.
5.69%
NexGen Energy Ltd.
5.27%
Uranium Energy Corp.
4.88%
Denison Mines Corp.
4.87%
Paladin Energy Ltd.
4.61%
CGN Power Co., Ltd.
4.53%
National Atomic Company Kazatomprom JSC
4.45%
Oklo, Inc.
4.39%
NuScale Power Corp.
4.37%
Energy Fuels, Inc.
4.04%
ICLN
China Yangtze Power Co., Ltd.
7.92%
First Solar, Inc.
7.85%
Nextpower, Inc.
7.54%
Bloom Energy Corp.
6.96%
Enphase Energy, Inc.
4.56%
Vestas Wind Systems A/S
3.65%
Equatorial SA
3.30%
Plug Power, Inc.
2.70%
EDP SA
2.68%
Chubu Electric Power Co., Inc.
2.46%
SolarEdge Technologies, Inc.
2.35%
Enlight Renewable Energy Ltd.
2.22%
Suzlon Energy Ltd.
2.00%
Clearway Energy, Inc.
1.91%
Ørsted A/S
1.62%
Frequently asked questions about NLR and ICLN
How have the NLR and ICLN ETFs performed in 2026?
As of September 10, 2026, NLR is down -4.53% year-to-date (YTD), while ICLN has returned 8.83%. That puts ICLN better performer ahead so far this year.
Which ETF is attracting more investor money: NLR or ICLN?
Year-to-date, the NLR ETF saw +$890M in flows, compared to +$147M for ICLN.
Which ETF is more volatile: NLR or ICLN?
Over the past year, NLR had a volatility of 39.33%, while ICLN experienced 28.9%.
Which ETF is bigger: NLR or ICLN?
As of September 10, 2026, NLR holds $4.12 B in assets under management (AUM), while ICLN manages $2.12 B.
What sectors do the NLR and ICLN ETFs invest in?
NLR leans toward sectors like Energy, Utilities and Industrials. Meanwhile, ICLN focuses on Industrials, Utilities and Technology.
What are the top holdings of the NLR ETF and ICLN ETF?
NLR top holdings include Constellation Energy Corp., Cameco Corp. and Public Service Enterprise Group, Inc.. ICLN holds in its top three: China Yangtze Power Co., Ltd., First Solar, Inc. and Nextpower, Inc..
Which ETF is more diversified: NLR or ICLN?
NLR holds 25 securities with 83.33% of its assets in the top 15. ICLN has 104 securities and a top 15 weight of 59.72%.
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