Do NLR and UX hold the same stocks?

By their latest filings, 0% 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 UX?

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

Which is cheaper, NLR or UX?

NLR charges 0.52% a year and UX charges 0.77%, so NLR is cheaper. Fees come from each fund's prospectus.

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NLR vs UX: which is really different?

NLR and UX hold 0% of their weight in the same names, and UX returned −9.2% over the year. VanEck Uranium and Nuclear ETF and Roundhill Uranium ETF.

15.8%

NLR in the S&P 500

0.0%

UX in the S&P 500

−21.8%

NLR total return, 1 year

−9.2%

UX 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

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

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

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

NLR 78.3

UX 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 UX hold 0% 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

0% in common

Positions both hold, largest shared weight first

Holding NLR UX

Only in NLR

Constellation Energy Corp 8.17%

Cameco Corp 8.16%

Public Service Enterprise Group Inc 7.67%

Fortum Oyj 7.17%

Bwx Technologies Inc 6.20%

Nexgen Energy Ltd 5.57%

Cgn Power Co Ltd 5.28%

Oklo Inc 5.14%

Only in UX

TREASURY BILL 80.95%

Sprott Physical Uranium Trust 19.05%

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

0% 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	UX	NLR	UX	NLR	UX
3 months	−9.9%	+2.1%	−12.4 pts	−0.4 pts	−12.1 pts	0.0 pts
6 months	−23.0%	−9.5%	−40.0 pts	−26.5 pts	−49.9 pts	−36.4 pts
1 year	−21.8%	−9.2%	−37.5 pts	−24.9 pts	−45.6 pts	−33.0 pts
3 years	+57.6%	not published	−27.4 pts	not published	−52.4 pts	not published
Since launch NLR Jan 2010 · UX Jan 2025	+158.9%	+8.4%	−645.7 pts	−20.8 pts	−1578.6 pts	−34.8 pts

NLR and UX 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

Roundhill Uranium ETF · Holds 2 stocks in nuclear and uranium, 0% of its weight in S&P 500 companies

Issuer VanEck Roundhill

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 2

Top ten, share of the fund 62.3% 100.0%

Expense ratio 0.52% 0.77%

Fee for the differing part 0.52% 0.77%

Total return, 1 year −21.8% −9.2%

vs the S&P 500 −37.5 pts −24.9 pts

vs the Nasdaq-100 −45.6 pts −33.0 pts

Below its high −37.1% −24.2%

Net assets $3.5bn $4m

NLR and UX 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.

UX in plain words

By weight, 0% of UX'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 100% of the fund across 2 positions, as filed for Jun 30, 2026. Over the year to Sep 30, 2026 the fund returned −9.2% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 24.9 pts. It sits 24.2% below its all-time high of Jan 28, 2026.

Questions people ask

Do NLR and UX hold the same stocks?: By their latest filings, 0% 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 UX?: NLR has 16% of its weight in S&P 500 names and UX has 0%, so UX differs more from the index.
Which is cheaper, NLR or UX?: NLR charges 0.52% a year and UX charges 0.77%, so NLR is cheaper. Fees come from each fund's prospectus.

Other comparisons

NLR vs URNM NLR vs XME NLR vs XT NLR vs AIQ UX vs NUKZ UX vs RCTR UX vs SMRF UX vs TNUK

NLR on its own →UX 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 ↗UX filings on SEC EDGAR ↗UX prospectus with the expense ratio (SEC) ↗Roundhill page for UX ↗

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 UX, data as of Sep 30, 2026. https://etfiq.com/compare/themes/nlr-vs-ux

Open data

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