PBWvsNLRETF Comparison
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Invesco WilderHill Clean Energy ETF (PBW) and VanEck Uranium+Nuclear Energy ETF (NLR) belong to the same industry segment: Alternative Energy. PBW's top 3 sector exposures are Industrials, Non-Energy Materials and Technology. In contrast, NLR's top sector exposures are Energy, Utilities and Industrials. PBW is more expensive with a Total Expense Ratio (TER) of 0.64%, versus 0.52% for NLR. PBW is up 4.17% year-to-date (YTD) with -$308M in YTD flows. NLR performs worse with -12.36% YTD performance, and +$976M in YTD flows. Run a side-by-side ETF comparison of PBW and NLR 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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PBW vs NLR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PBW NLR | -16.18%-9.53% | -14.27%-24.95% | +4.17%-12.36% | +30.14%-7.57% | -20.53%+94.65% | -56.10%+134.30% |
| Flows | PBW NLR | -$49M-$100M | +$16M+$38M | -$308M+$976M | -$94M+$2.59B | -$159M+$4.10B | -$438M+$4.13B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PBW NLR | +50.57%+37.87% | +42.91%+38.03% | +41.17%+31.73% | +43.29%+26.94% |
| Max drawdown | PBW NLR | -32.26%-29.50% | -32.26%-35.69% | -67.97%-35.69% | -84.50%-35.69% |
| Max drawdown duration | PBW NLR | 52d79d | 52d177d | 1012d177d | 1719d177d |
Trading data
PBW | NLR | |
Last sale 7/24/2026 at 1:30 PM | $31.66 | $108.10 |
| Previous close 07/23/2026 | $33.22 | $111.41 |
| Consolidated volume 07/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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PBW | NLR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/24/2026 at 1:30 PM
Live
Closed
PBW | NLR | |
|---|---|---|
| Last price | $31.66 | $108.10 |
| 1D performance | -4.70% | -2.97% |
| AuM | $379.34 M | $3.86 B |
| E/R | 0.64% | 0.52% |
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Exposure
Countries
PBW
USA
80.33%
Other
19.67%
NLR
USA
51.95%
Canada
19.17%
Australia
7.33%
Other
21.56%
Sectors
PBW
Industrials
48.7%
Non-Energy Materi.
20.84%
Technology
13.52%
Consumer Cyclical.
7.97%
Other
8.97%
NLR
Energy
39.99%
Utilities
30.17%
Industrials
25.07%
Other
4.77%
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Diversification
PBW
Total weight of top 15 holdings out of 15
32.83%
NLR
Total weight of top 15 holdings out of 15
82.89%
Top 15 holdings
Data as of June 30, 2026
PBW
FuelCell Energy, Inc.
4.57%
Hyliion Holdings Corp.
2.98%
Navitas Semiconductor Corp.
2.41%
MYR Group, Inc.
2.23%
Bloom Energy Corp.
2.23%
Aspen Aerogels, Inc.
2.21%
Powell Industries, Inc.
1.92%
IonQ, Inc.
1.85%
Preformed Line Products Co.
1.85%
Shoals Technologies Group, Inc.
1.84%
Bel Fuse, Inc.
1.81%
Ballard Power Systems, Inc.
1.80%
ioneer Ltd.
1.80%
D-Wave Quantum, Inc.
1.73%
First Solar, Inc.
1.61%
NLR
Cameco Corp.
8.45%
Constellation Energy Corp.
8.31%
Public Service Enterprise Group, Inc.
7.12%
BWX Technologies, Inc.
6.52%
Fortum Oyj
5.61%
Oklo, Inc.
5.21%
NexGen Energy Ltd.
5.07%
Uranium Energy Corp.
5.02%
NuScale Power Corp.
4.82%
Denison Mines Corp.
4.81%
Centrus Energy Corp.
4.77%
Energy Fuels, Inc.
4.65%
National Atomic Company Kazatomprom JSC
4.33%
Paladin Energy Ltd.
4.28%
CGN Power Co., Ltd.
3.92%
Frequently asked questions about PBW and NLR
How have the PBW and NLR ETFs performed in 2026?
As of July 24, 2026, PBW is up 4.17% year-to-date (YTD), while NLR has lost -12.36%. That puts PBW better performer ahead so far this year.
Which ETF is attracting more investor money: PBW or NLR?
Year-to-date, the PBW ETF saw -$308M in flows, compared to +$976M for NLR.
Which ETF is more volatile: PBW or NLR?
Over the past year, PBW had a volatility of 42.91%, while NLR experienced 38.03%.
Which ETF is bigger: PBW or NLR?
As of July 24, 2026, PBW holds $379.34 M in assets under management (AUM), while NLR manages $3.86 B.
What sectors do the PBW and NLR ETFs invest in?
PBW leans toward sectors like Industrials, Non-Energy Materials and Technology. Meanwhile, NLR focuses on Energy, Utilities and Industrials.
What are the top holdings of the PBW ETF and NLR ETF?
PBW top holdings include FuelCell Energy, Inc., Hyliion Holdings Corp. and Navitas Semiconductor Corp.. NLR holds in its top three: Cameco Corp., Constellation Energy Corp. and Public Service Enterprise Group, Inc..
Which ETF is more diversified: PBW or NLR?
PBW holds 68 securities with 32.83% of its assets in the top 15. NLR has 25 securities and a top 15 weight of 82.89%.
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