NLRvsICLNETF Comparison
VS
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 -23.64% year-to-date (YTD) with +$773M in YTD flows. ICLN performs better with 0.83% YTD performance, and +$281M 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
NLR vs ICLN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/21/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NLR ICLN | -14.74%-7.14% | -13.20%-11.12% | -23.64%+0.83% | -33.20%+2.03% | +50.55%+30.00% | +87.40%-25.81% |
| Flows | NLR ICLN | -$79M+$123M | -$217M-$103M | +$773M+$281M | +$1.13B+$388M | +$3.85B-$855M | +$3.92B-$1.97B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NLR ICLN | +37.12%+24.92% | +38.72%+29.25% | +33.03%+24.49% | +28.04%+26.58% |
| Max drawdown | NLR ICLN | -25.52%-12.31% | -42.47%-31.11% | -42.47%-31.13% | -42.47%-56.66% |
| Max drawdown duration | NLR ICLN | 55d92d | 266d141d | 266d631d | 266d1815d |
Trading data
NLR | ICLN | |
Last sale 10/22/2026 at 1:30 PM | $90.73 | $16.16 |
| Previous close 10/21/2026 | $94.31 | $16.50 |
| Consolidated volume 10/21/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
NLR | ICLN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/22/2026 at 1:30 PM
Live
Closed
NLR | ICLN | |
|---|---|---|
| Last price | $90.73 | $16.16 |
| 1D performance | -3.80% | -2.06% |
| AuM | $3.19 B | $2.09 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 | 103 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 13, 2007 | June 24, 2008 |
| ESG | No | Yes |
Advertisement
Exposure
Countries
NLR
USA
48.42%
Canada
19.33%
Australia
8.86%
Other
23.38%
ICLN
USA
35.79%
China
22.2%
Other
42.01%
Sectors
NLR
Energy
42.29%
Utilities
28.82%
Industrials
23.77%
Other
5.12%
ICLN
Industrials
49.97%
Utilities
40.84%
Other
9.2%
Advertisement
Diversification
NLR
Total weight of top 15 holdings out of 15
81.93%
ICLN
Total weight of top 15 holdings out of 15
59.42%
Top 15 holdings
Data as of August 31, 2026
NLR
Constellation Energy Corp.
8.67%
Cameco Corp.
7.99%
Public Service Enterprise Group, Inc.
6.18%
Fortum Oyj
5.79%
Uranium Energy Corp.
5.62%
Paladin Energy Ltd.
5.39%
NexGen Energy Ltd.
5.32%
BWX Technologies, Inc.
5.15%
Centrus Energy Corp.
5.12%
Denison Mines Corp.
5.11%
Energy Fuels, Inc.
4.57%
National Atomic Company Kazatomprom JSC
4.56%
CGN Power Co., Ltd.
4.30%
NuScale Power Corp.
4.27%
Oklo, Inc.
3.88%
ICLN
First Solar, Inc.
7.87%
China Yangtze Power Co., Ltd.
7.75%
Bloom Energy Corp.
7.09%
Nextpower, Inc.
6.53%
Vestas Wind Systems A/S
4.57%
Enphase Energy, Inc.
4.55%
Equatorial SA
3.13%
EDP SA
2.91%
Plug Power, Inc.
2.85%
Chubu Electric Power Co., Inc.
2.67%
Suzlon Energy Ltd.
2.06%
Enlight Renewable Energy Ltd.
2.06%
Clearway Energy, Inc.
1.96%
SolarEdge Technologies, Inc.
1.85%
Ørsted A/S
1.57%
Frequently asked questions about NLR and ICLN
How have the NLR and ICLN ETFs performed in 2026?
As of October 21, 2026, NLR is down -23.64% year-to-date (YTD), while ICLN has returned 0.83%. 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 +$773M in flows, compared to +$281M for ICLN.
Which ETF is more volatile: NLR or ICLN?
Over the past year, NLR had a volatility of 38.72%, while ICLN experienced 29.25%.
Which ETF is bigger: NLR or ICLN?
As of October 21, 2026, NLR holds $3.19 B in assets under management (AUM), while ICLN manages $2.09 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 and Utilities.
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: First Solar, Inc., China Yangtze Power Co., Ltd. and Bloom Energy Corp..
Which ETF is more diversified: NLR or ICLN?
NLR holds 25 securities with 81.93% of its assets in the top 15. ICLN has 103 securities and a top 15 weight of 59.42%.
Advertisement
Latest news about NLR & ICLN
ETF Comparison: Sprott Uranium Miners ETF (URNM) Versus VanEck Uranium + Nuclear Energy ETF (NLR)
December 17, 2025
NLR
3 Thematic ETF Segments to Watch in 2025
February 4, 2025
NLR
Donald Trump’s Executive Orders: ETF Bulls and Bears
January 24, 2025
NLR
Advertisement
Donald Trump vs Kamala Harris: ETFs to Watch
November 1, 2024
ICLN
Donald Trump vs Kamala Harris: ETFs to Watch
November 1, 2024
ICLN
Advertisement
