Data as of .
NLR vs XME: which is really different?
NLR and XME hold 9% of their weight in the same names, and XME returned more over the year.
ETFIQ Off-Index Score: NLR scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 349 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
9% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, NLR and XME hold 9% of their money in the same securities at the same weight.
| Holding | NLR | XME |
|---|---|---|
| Uranium Energy Corp | 4.99% | 4.76% |
| Centrus Energy Corp | 5.04% | 4.60% |
| Ur-Energy Inc | 0.76% | 0.63% |
| Only in NLR | Only in XME |
|---|---|
| Cameco Corp 8.39% | Hecla Mining Co 4.62% |
| Constellation Energy Corp 8.03% | USA Rare Earth Inc 4.47% |
| Public Service Enterprise Group Inc 7.08% | Coeur Mining Inc 4.46% |
| BWX Technologies Inc 6.77% | MP Materials Corp 4.41% |
| Fortum Oyj 5.74% | Freeport-McMoRan Inc 4.26% |
| Oklo Inc 5.21% | Royal Gold Inc 4.26% |
| NexGen Energy Ltd 4.96% | Newmont Corp 4.24% |
| Denison Mines Corp 4.76% | Materion Corp 4.22% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| NLR | XME | NLR | XME | NLR | XME | |
| 3 months | −7.2% | −5.6% | −10.5 pts | −8.9 pts | −6.4 pts | −4.8 pts |
| 6 months | −17.1% | +4.3% | −33.1 pts | −11.7 pts | −37.8 pts | −16.3 pts |
| 1 year | −6.1% | +32.5% | −23.6 pts | +15.0 pts | −29.1 pts | +9.6 pts |
| 3 years | +83.0% | +123.5% | +5.2 pts | +45.6 pts | −12.0 pts | +28.4 pts |
| Since launch | +183.3% | +160.8% | −621.0 pts | −643.6 pts | −1490.6 pts | −1513.1 pts |
| NLR VanEck Uranium and Nuclear ETF Holds 25 stocks in nuclear and uranium, 15% of its weight in S&P 500 companies | XME State Street(R) SPDR(R) S&P(R) Metals & Mining ETF Holds 41 stocks in miners and metals, 17% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | VanEck | State Street |
| Theme | Nuclear and uranium | Miners and metals |
| In the S&P 500 | 15.1% | 17.3% |
| Active share vs the S&P 500 | 99.8% | 99.6% |
| In the Nasdaq-100 | 8.0% | 0.0% |
| Holdings | 25 | 41 |
| Top ten, share of the fund | 61.0% | 46.8% |
| Expense ratio | 0.52% | 0.35% |
| Fee for the differing part | 0.52% | 0.35% |
| Total return, 1 year | −6.1% | +32.5% |
| vs the S&P 500 | −23.6 pts | +15.0 pts |
| vs the Nasdaq-100 | −29.1 pts | +9.6 pts |
| Below its high | −31.1% | −14.4% |
NLR in plain words
By weight, 15% of NLR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 61% of the fund across 25 positions, as filed for Jun 30, 2026. Over the year to Sep 11, 2026 the fund returned −6.1% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 23.6 pts. It sits 31.1% below its all-time high of Jan 28, 2026.
XME in plain words
By weight, 17% of XME's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 47% of the fund across 41 positions, as published by its issuer for Sep 10, 2026. Over the year to Sep 11, 2026 the fund returned +32.5% with distributions reinvested against +17.5% for the S&P 500, so a holder was ahead by 15.0 pts. It sits 14.4% below its all-time high of Jun 2, 2026.
Questions people ask
- Do NLR and XME hold the same stocks?
- By their latest filings, 9% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, NLR or XME?
- NLR has 15% of its weight in S&P 500 names and XME has 17%, so NLR differs more from the index.
- Which is cheaper, NLR or XME?
- NLR charges 0.52% a year and XME charges 0.35%, so XME is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, NLR against XME, data as of Sep 11, 2026. https://etfiq.com/compare/themes/NLR-XME Free to use with attribution; the underlying files are at Open data.