SMOGvsNLRETF Comparison
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VanEck Low Carbon Energy ETF (SMOG) and VanEck Uranium+Nuclear Energy ETF (NLR) belong to the same industry segment: Alternative Energy. SMOG's top 3 sector exposures are Utilities, Industrials and Consumer Cyclicals. In contrast, NLR's top sector exposures are Energy, Utilities and Industrials. SMOG is more expensive with a Total Expense Ratio (TER) of 0.64%, versus 0.52% for NLR. SMOG is up 4.23% year-to-date (YTD) with -$3M in YTD flows. NLR performs worse with -28.4% YTD performance, and +$741M in YTD flows. Run a side-by-side ETF comparison of SMOG 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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SMOG vs NLR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMOG NLR | -0.53%-14.82% | -3.17%-22.14% | +4.23%-28.40% | +2.56%-36.40% | +40.26%+35.58% | -18.49%+76.52% |
| Flows | SMOG NLR | --$75M | --$210M | -$3M+$741M | -$7M+$1.09B | -$56M+$3.82B | -$103M+$3.89B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMOG NLR | +18.25%+35.16% | +21.80%+38.32% | +21.36%+33.21% | +24.50%+28.22% |
| Max drawdown | SMOG NLR | -9.39%-29.34% | -17.86%-45.42% | -19.34%-45.42% | -46.61%-45.42% |
| Max drawdown duration | SMOG NLR | 84d69d | 177d280d | 226d280d | 1822d280d |
Trading data
SMOG | NLR | |
Last sale 11/5/2026 at 2:30 PM | $130.01 | $84.71 |
| Previous close 11/04/2026 | $134.70 | $88.27 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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SMOG | 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 11/5/2026 at 2:30 PM
Live
Closed
SMOG | NLR | |
|---|---|---|
| Last price | $130.01 | $84.71 |
| 1D performance | -3.48% | -4.03% |
| AuM | $129.51 M | $2.96 B |
| E/R | 0.64% | 0.52% |
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Exposure
Countries
SMOG
USA
35.54%
China
12.21%
Spain
10.6%
Republic of Korea
7.69%
Denmark
7.06%
Other
26.9%
NLR
USA
49.61%
Canada
18.52%
Australia
7.34%
Finland
7.06%
Other
17.48%
Sectors
SMOG
Utilities
38.27%
Industrials
31.21%
Consumer Cyclical.
20.77%
Other
9.75%
NLR
Energy
38.18%
Utilities
33.45%
Industrials
24.61%
Other
3.76%
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Diversification
SMOG
Total weight of top 15 holdings out of 15
69.22%
NLR
Total weight of top 15 holdings out of 15
82.59%
Top 15 holdings
Data as of September 30, 2026
SMOG
Iberdrola SA
8.47%
Tesla, Inc.
8.09%
Bloom Energy Corp.
6.84%
NextEra Energy, Inc.
6.78%
Enel SpA
6.61%
BYD Co., Ltd.
5.32%
Vestas Wind Systems A/S
4.61%
Samsung SDI Co., Ltd.
4.18%
AXIA Energia SA
3.59%
Kingspan Group Plc
3.17%
Rivian Automotive, Inc.
3.05%
First Solar, Inc.
2.72%
Contemporary Amperex Technology Co., Ltd.
2.02%
Ørsted A/S
1.98%
LG Energy Solution Ltd.
1.77%
NLR
Constellation Energy Corp.
8.45%
Cameco Corp.
8.13%
Public Service Enterprise Group, Inc.
7.66%
Fortum Oyj
7.06%
BWX Technologies, Inc.
6.20%
NexGen Energy Ltd.
5.48%
CGN Power Co., Ltd.
5.16%
Oklo, Inc.
5.12%
National Atomic Company Kazatomprom JSC
4.76%
X-Energy, Inc.
4.38%
Uranium Energy Corp.
4.23%
Paladin Energy Ltd.
4.09%
Denison Mines Corp.
4.08%
Energy Fuels, Inc.
3.99%
NuScale Power Corp.
3.79%
Frequently asked questions about SMOG and NLR
How have the SMOG and NLR ETFs performed in 2026?
As of November 4, 2026, SMOG is up 4.23% year-to-date (YTD), while NLR has lost -28.4%. That puts SMOG better performer ahead so far this year.
Which ETF is attracting more investor money: SMOG or NLR?
Year-to-date, the SMOG ETF saw -$3M in flows, compared to +$741M for NLR.
Which ETF is more volatile: SMOG or NLR?
Over the past year, SMOG had a volatility of 21.8%, while NLR experienced 38.32%.
Which ETF is bigger: SMOG or NLR?
As of November 4, 2026, SMOG holds $129.51 M in assets under management (AUM), while NLR manages $2.96 B.
What sectors do the SMOG and NLR ETFs invest in?
SMOG leans toward sectors like Utilities, Industrials and Consumer Cyclicals. Meanwhile, NLR focuses on Energy, Utilities and Industrials.
What are the top holdings of the SMOG ETF and NLR ETF?
SMOG top holdings include Iberdrola SA, Tesla, Inc. and Bloom Energy Corp.. NLR holds in its top three: Constellation Energy Corp., Cameco Corp. and Public Service Enterprise Group, Inc..
Which ETF is more diversified: SMOG or NLR?
SMOG holds 55 securities with 69.22% of its assets in the top 15. NLR has 25 securities and a top 15 weight of 82.59%.
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