Data as of Oct 28, 2026.
NLR vs XME: Holdings Overlap & Returns
Over the year to Oct 28, 2026, NLR returned −35.8% to XME's +3.4%; 6% of their weight is in the same names.
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Net assets: $3.1bn on Oct 26, 2026 for VanEck Uranium and Nuclear ETF, and $3.8bn on Oct 27, 2026 for State Street SPDR S&P Metals & Mining ETF.
15% of NLR's weight is in S&P 500 companies and 85% is outside the index. Holdings as of Jun 30, 2026.
21% of XME's weight is in S&P 500 companies and 79% is outside the index. Holdings as of Oct 27, 2026.
Pair scorecard
XME costs 0.17 points a year less; their one-year returns differ by 39.2 points; XME is 1.2 times larger.
Points (pts) are percentage points.
| Measure | NLR | XME |
|---|---|---|
| Return | ||
| Total return, 1 year | −35.8% | +3.4% |
| Drawdown | ||
| Below its all-time high | 41.6%, high on Jan 28, 2026 | 23.6%, high on Jun 2, 2026 |
| Against its benchmark | ||
| What it tracks | Nuclear and uranium | Miners and metals |
| Against the S&P 500, 1 year | behind by 10.3 pts | |
| Its benchmark, total return, 1 year | +13.4% | +13.7% |
| Against its benchmark, 1 year | behind by 49.2 pts | behind by 10.3 pts |
| Cost and size | ||
| Expense ratio | 0.52% | 0.35% |
| Net assets, as of Oct 26, 2026 | $3.1bn | $3.6bn |
| Holdings | ||
| Holdings in common | 6% | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, NLR and XME hold 6% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
6% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | NLR | XME | NLR | XME |
| 3 months | −6.5% | +3.9% | −10.9 pts vs ACWI | −2.2 pts vs IVV |
| 6 months | −30.2% | −11.5% | −37.6 pts vs ACWI | −20.6 pts vs IVV |
| 1 year | −35.8% | +3.4% | −49.2 pts vs ACWI | −10.3 pts vs IVV |
| 3 years | +54.0% | +108.2% | −34.9 pts vs ACWI | +12.8 pts vs IVV |
| Since launchNot the same days: NLR Aug 2007 · XME Jun 2006 | +66.1% | +189.8% | not measured | not measured |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
6% of the two portfolios are the same securities at the same weight.
NLR
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 Oct 28, 2026 the fund returned −35.8% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was behind by 49.2 pts. It sits 41.6% below its all-time high of Jan 28, 2026.
XME
By weight, 21% 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 53% of the fund across 38 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +3.4% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 10.3 pts. It sits 23.6% below its all-time high of Jun 2, 2026.
Questions people ask
- Do NLR and XME hold the same stocks?
- By their latest filings, 6% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, NLR against XME, data as of Oct 28, 2026. https://etfiq.com/compare/themes/nlr-vs-xme
ETFIQ. (Oct 28, 2026). NLR against XME. Retrieved from https://etfiq.com/compare/themes/nlr-vs-xme
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