{"url":"https://etfiq.com/compare/themes/nlr-vs-urnm","section":"compare","title":"NLR vs URNM: which is really different? | ETFIQ","description":"15.8% of NLR and 0.0% of URNM is already in the S&P 500 by weight, as filed, and 43% of the two books are the same names at the same weight.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Do NLR and URNM hold the same stocks?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"Which is more different from the S&P 500, NLR or URNM?","acceptedAnswer":{"@type":"Answer","text":"NLR has 16% of its weight in S&P 500 names and URNM has 0%, so URNM differs more from the index."}},{"@type":"Question","name":"Which is cheaper, NLR or URNM?","acceptedAnswer":{"@type":"Answer","text":"NLR charges 0.52% a year and URNM charges 0.75%, so NLR is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Thematic ETFs","item":"https://etfiq.com/themes/"},{"@type":"ListItem","position":3,"name":"NLR vs URNM","item":"https://etfiq.com/compare/themes/nlr-vs-urnm"}]},{"@type":"WebPage","name":"NLR vs URNM: which is really different?","description":"15.8% of NLR and 0.0% of URNM is already in the S&P 500 by weight, as filed, and 43% of the two books are the same names at the same weight. Returns and overlap to Sep 30, 2026.","url":"https://etfiq.com/compare/themes/nlr-vs-urnm","dateModified":"2026-09-30","abstract":"NLR and URNM hold 43% of their weight in the same names, and URNM returned \u221218.9% over the year.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of NLR and URNM","description":"15.8% of NLR and 0.0% of URNM is already in the S&P 500 by weight, as filed, and 43% of the two books are the same names at the same weight. Returns and overlap to Sep 30, 2026.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/themes/nlr-vs-urnm","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}],"variableMeasured":["Weight overlap with the S&P 500","Active share","Holdings","Top ten share of the fund","Total return","Fee for the differing part","Expense ratio"],"keywords":["exchange-traded funds","ETF","Thematic ETFs","fund data","SEC filings"]}],"characters":6981,"truncated":true,"content":"ETFIQ / Thematic ETFs / Head to head / NLR vs URNM \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n NLR vs URNM: which is really different?\n\n NLR and URNM hold 43% of their weight in the same names, and URNM returned \u221218.9% over the year.\n Copy this for sharing \n \n VanEck Uranium and Nuclear ETF and SPROTT URANIUM MINERS ETF.\n\n Download as PDF \n\n 15.8% NLR in the S&P 500 \n 0.0% URNM in the S&P 500 \n \u221221.8% NLR total return, 1 year \n \u221218.9% URNM total return, 1 year \n\n ETFIQ Off-Index Score: URNM scores higher\n How much of it is not the index it is sold as an alternative ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/themes/nlr-vs-urnm","a":{"ticker":"NLR","name":"VanEck Uranium and Nuclear ETF","issuer":"VanEck","desk":"themes","as_of":"2026-09-30","verdict":"NLR holds 25 stocks, and 84% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/nlr","key_facts":[{"label":"Already in the S&P 500","value":"15.8%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"99.8%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"62.3%","as_of":"2026-09-30","source":null},{"label":"Total return, 1 year","value":"\u221221.8%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$3.5bn","as_of":"2026-09-30","source":"the issuer\u2019s daily holdings, added up, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.52%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 29, 2026"}]},"b":{"ticker":"URNM","name":"SPROTT URANIUM MINERS ETF","issuer":"Sprott","desk":"themes","as_of":"2026-09-30","verdict":"URNM holds 26 stocks, and 100% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/urnm","key_facts":[{"label":"Already in the S&P 500","value":"0.0%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"100.0%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"77.4%","as_of":"2026-09-30","source":null},{"label":"Total return, 1 year","value":"\u221218.9%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$1.8bn","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.75%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 30, 2026"}]},"overlap_pct":43,"full_text_at":"https://etfiq.com/compare/themes/nlr-vs-urnm"}