Do NLR and URNM hold the same stocks?

By their latest filings, 43% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, NLR or URNM?

NLR has 16% of its weight in S&P 500 names and URNM has 0%, so URNM differs more from the index.

Which is cheaper, NLR or URNM?

NLR charges 0.52% a year and URNM charges 0.75%, so NLR is cheaper. Fees come from each fund's prospectus.

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NLR vs URNM: which is really different?

NLR and URNM hold 43% of their weight in the same names, and URNM returned −18.9% over the year. VanEck Uranium and Nuclear ETF and SPROTT URANIUM MINERS ETF.

15.8%

NLR in the S&P 500

0.0%

URNM in the S&P 500

−21.8%

NLR total return, 1 year

−18.9%

URNM total return, 1 year

NLR · 1 year to Sep 30, 202684% of its weight is outside the S&P 500

16% of NLR's weight is in S&P 500 companies and 84% is outside the index

URNM · 1 year to Sep 30, 2026100% of its weight is outside the S&P 500

0% of URNM's weight is in S&P 500 companies and 100% is outside the index

ETFIQ Off-Index Score · URNM scores higherHow much of it is not the index it is sold as an alternative to?

NLR 78.3

URNM 92

0.1, the lowest in this set92.0, the highest

A percentile among the 375 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 →

What they hold in common

By the books each fund has filed, NLR and URNM hold 43% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 30, 2026.

50%

half

43% in common

Positions both hold, largest shared weight first

Holding NLR URNM

Cameco Corp 8.16% 18.16%

Nexgen Energy Ltd 5.57% 12.00%

Nac Kazatomprom Jsc 4.56% 5.13%

Uranium Energy Corp 4.33% 4.50%

Denison Mines Corp 4.10% 5.13%

Paladin Energy Ltd 4.05% 4.40%

Energy Fuels Inc/Canada 4.03% 5.16%

Yellow Cake Plc 3.04% 3.99%

Cgn Mining Co Ltd 1.68% 4.27%

Deep Yellow Ltd 1.05% 4.63%

Isoenergy Ltd 0.80% 2.35%

Boss Energy Ltd 0.69% 1.69%

Only in NLR

Constellation Energy Corp 8.17%

Public Service Enterprise Group Inc 7.67%

Fortum Oyj 7.17%

Bwx Technologies Inc 6.20%

Cgn Power Co Ltd 5.28%

Oklo Inc 5.14%

X-Energy Inc 4.37%

Nuscale Power Corp 3.89%

Only in URNM

Sprott Physical Uranium Trust 13.99%

Bannerman Energy Ltd 2.52%

Encore Energy Corp 1.53%

Atha Energy Corp 1.31%

Global Atomic Corp 1.26%

Eagle Nuclear Energy Corp 0.93%

Mega Uranium Ltd 0.78%

Uranium Royalty Corp 0.72%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

43% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	NLR	URNM	NLR	URNM	NLR	URNM
3 months	−9.9%	−9.4%	−12.4 pts	−11.9 pts	−12.1 pts	−11.5 pts
6 months	−23.0%	−25.7%	−40.0 pts	−42.7 pts	−49.9 pts	−52.6 pts
1 year	−21.8%	−18.9%	−37.5 pts	−34.6 pts	−45.6 pts	−42.7 pts
3 years	+57.6%	+10.8%	−27.4 pts	−74.2 pts	−52.4 pts	−99.2 pts
Since launch NLR Jan 2010 · URNM Dec 2019	+158.9%	+352.5%	−645.7 pts	+181.7 pts	−1578.6 pts	+71.1 pts

NLR and URNM over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

NLR

VanEck Uranium and Nuclear ETF · Holds 25 stocks in nuclear and uranium, 16% of its weight in S&P 500 companies

URNM

SPROTT URANIUM MINERS ETF · Holds 26 stocks in nuclear and uranium, 0% of its weight in S&P 500 companies

Issuer VanEck Sprott

Theme Nuclear and uranium Nuclear and uranium

In the S&P 500 15.8% 0.0%

Active share vs the S&P 500 99.8% 100.0%

In the Nasdaq-100 8.2% 0.0%

Holdings 25 26

Top ten, share of the fund 62.3% 77.4%

Expense ratio 0.52% 0.75%

Fee for the differing part 0.52% 0.75%

Total return, 1 year −21.8% −18.9%

vs the S&P 500 −37.5 pts −34.6 pts

vs the Nasdaq-100 −45.6 pts −42.7 pts

Below its high −37.1% −43.5%

Net assets $3.5bn $1.8bn

NLR and URNM on the same fields, as of Sep 30, 2026. Source: ETFIQ.

NLR in plain words

By weight, 16% 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 62% of the fund across 25 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned −21.8% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 37.5 pts. It sits 37.1% below its all-time high of Jan 28, 2026.

URNM in plain words

By weight, 0% of URNM'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 77% of the fund across 26 positions, as filed for Jun 30, 2026. Over the year to Sep 30, 2026 the fund returned −18.9% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 34.6 pts. It sits 43.5% below its all-time high of Jan 28, 2026.

Questions people ask

Do NLR and URNM hold the same stocks?: By their latest filings, 43% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, NLR or URNM?: NLR has 16% of its weight in S&P 500 names and URNM has 0%, so URNM differs more from the index.
Which is cheaper, NLR or URNM?: NLR charges 0.52% a year and URNM charges 0.75%, so NLR is cheaper. Fees come from each fund's prospectus.

Other comparisons

NLR vs SMRF NLR vs SOXX NLR vs TNUK NLR vs URA URNM vs UX URNM vs NUKZ URNM vs RCTR URNM vs SMRF

NLR on its own →URNM on its own →How every figure is computed →Standards and sources →

Where these figures came from

NLR filings on SEC EDGAR ↗NLR prospectus with the expense ratio (SEC) ↗VanEck website ↗URNM filings on SEC EDGAR ↗URNM prospectus with the expense ratio (SEC) ↗Sprott page for URNM ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, NLR against URNM, data as of Sep 30, 2026. https://etfiq.com/compare/themes/nlr-vs-urnm

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.