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 Utilities, Industrials and Information Technology. NLR is more expensive with a Total Expense Ratio (TER) of 0.56%, versus 0.39% for ICLN. NLR is up 16.77% year-to-date (YTD) with +$937M in YTD flows. ICLN performs better with 21.87% YTD performance, and +$101M 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 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NLR ICLN | +9.25%+9.19% | -3.56%+9.65% | +16.77%+21.87% | +88.88%+73.58% | +182.68%+6.14% | +206.11%-12.72% |
| Flows | NLR ICLN | +$145M+$78M | +$689M+$101M | +$937M+$101M | +$3.01B+$188M | +$4.06B-$1.68B | +$4.09B-$1.44B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NLR ICLN | +41.43%+29.40% | +36.55%+23.51% | +30.16%+22.69% | +25.69%+25.57% |
| Max drawdown | NLR ICLN | -21.18%-8.79% | -25.64%-10.55% | -29.79%-44.44% | -29.79%-56.66% |
| Max drawdown duration | NLR ICLN | 86d47d | 104d77d | 116d1009d | 116d1635d |
Trading data
NLR | ICLN | |
Last sale 4/24/2026 at 1:30 PM | $143.77 | $19.99 |
| Previous close 04/23/2026 | $146.35 | $20.14 |
| Consolidated volume 04/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 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 4/24/2026 at 1:30 PM
Live
Closed
NLR | ICLN | |
|---|---|---|
| Last price | $143.77 | $19.99 |
| 1D performance | -1.76% | -0.74% |
| AuM | $5.14 B | $2.42 B |
| E/R | 0.56% | 0.39% |
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 | 22 | 90 |
| 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
48.48%
Canada
21.11%
Other
30.4%
ICLN
USA
42.34%
China
17.6%
Brazil
8.48%
Spain
8.19%
Other
23.39%
Sectors
NLR
Energy
36.75%
Utilities
35.57%
Industrials
15.84%
Other
11.83%
ICLN
Utilities
43.42%
Industrials
25.6%
Information Techn.
14.4%
Other
16.58%
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Diversification
NLR
Total weight of top 15 holdings out of 15
79.2%
ICLN
Total weight of top 15 holdings out of 15
60.24%
Top 15 holdings
Data as of March 31, 2026
NLR
CONSTELLATION ENERGY CORP
8.73%
CAMECO
7.83%
BWX TECHNOLOGIES INC
6.45%
PUBLIC SRVCE ENT
6.33%
PG&E
5.73%
FORTUM
5.27%
CGN POWER CO LTD
5.07%
US63253R2013
4.74%
CEZ
4.44%
URANIUM ENERGY
4.37%
NEXGEN ENERGY LTD
4.24%
PALADIN ENERGY
4.23%
DENISON MINES
4.08%
ENERGY FUELS
4.05%
NUSCALE POWER CORPORATION
3.63%
ICLN
US65290E1010
10.17%
BLOOM ENERGY CORP
9.40%
FIRST SOLAR
6.13%
IBERDROLA SA
5.76%
YANGTZE POWER
4.70%
ORMAT TECHNOLOGIES
3.19%
ENPHASE ENERGY
3.04%
EQUATORIAL ENERGIA
2.90%
VESTAS WIND SYSTEMS
2.69%
ENERGIAS DE PORTUGAL
2.24%
CHUBU ELECTRIC POWER
2.11%
ORSTED
2.08%
CLEARWAY ENERGY INC
2.05%
PLUG POWER
1.93%
SOLAREDGE TECH/D
1.87%
Frequently asked questions about NLR and ICLN
How have the NLR and ICLN ETFs performed in 2026?
As of April 24, 2026, NLR is up 16.77% year-to-date (YTD), while ICLN has returned 21.87%. 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 +$937M in flows, compared to +$101M for ICLN.
Which ETF is more volatile: NLR or ICLN?
Over the past year, NLR had a volatility of 36.55%, while ICLN experienced 23.51%.
Which ETF is bigger: NLR or ICLN?
As of April 24, 2026, NLR holds $5.14 B in assets under management (AUM), while ICLN manages $2.42 B.
What sectors do the NLR and ICLN ETFs invest in?
NLR leans toward sectors like Energy, Utilities and Industrials. Meanwhile, ICLN focuses on Utilities, Industrials and Information Technology.
What are the top holdings of the NLR ETF and ICLN ETF?
NLR top holdings include CONSTELLATION ENERGY CORP, CAMECO and BWX TECHNOLOGIES INC. ICLN holds in its top three: US65290E1010, BLOOM ENERGY CORP and FIRST SOLAR.
Which ETF is more diversified: NLR or ICLN?
NLR holds 25 securities with 79.2% of its assets in the top 15. ICLN has 100 securities and a top 15 weight of 60.24%.
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