# NLR (VanEck Uranium and Nuclear ETF)

VanEck · Thematic ETFs · data as of Sep 11, 2026

NLR holds 25 stocks, and 85% of its weight is outside the S&P 500.

## Key facts

- NLR, already in the S&P 500: 15.3%, as of Sep 11, 2026.
- NLR, active share vs the S&P 500: 99.8%, as of Sep 11, 2026.
- NLR, top ten holdings: 60.7%, as of Sep 11, 2026.
- NLR, total return, 1 year: −6.1%, as of Sep 11, 2026.
- NLR, net assets: $4.1bn (the issuer daily holdings, added up, as of Sep 10, 2026).
- NLR, expense ratio: 0.52% (485BPOS XBRL, Apr 29, 2026).

## NLR over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −7.2% | +3.3% | −10.5 pts | −6.4 pts |
| 6 months | −17.1% | +16.0% | −33.1 pts | −37.8 pts |
| 1 year | −6.1% | +17.5% | −23.6 pts | −29.1 pts |
| 3 years | +83.0% | +77.9% | +5.2 pts | −12.0 pts |
| Since launch | +183.3% | +804.4% | −621.0 pts | −1490.6 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Nuclear and uranium | ETFIQ, editorial |
| Launched | Jan 4, 2010 | ETFIQ |
| Already in the S&P 500, by weight | 15.3% | ETFIQ |
| Active share vs the S&P 500 | 99.8% | ETFIQ |
| Already in the Nasdaq-100, by weight | 9.1% | ETFIQ |
| Active share vs the Nasdaq-100 | 99.5% | ETFIQ |
| Top ten holdings weight | 60.7% | ETFIQ |
| Holdings | 25 | ETFIQ |
| Holdings as of | Sep 10, 2026 | the issuer’s daily file |
| Top holdings | Constellation Energy Corp 9.1%, Cameco Corp 7.9%, Fortum Oyj 6.8%, Public Service Enterprise Group Inc 6.2%, Nexgen Energy Ltd 5.3%, Bwx Technologies Inc 5.2%, Paladin Energy Ltd 5.2%, Uranium Energy Corp 5.1%, Denison Mines Corp 4.9%, Centrus Energy Corp 4.9% | ETFIQ |
| Net assets | $4.1bn | the issuer daily holdings, added up, as of Sep 10, 2026 |
| Below its all-time high | −31.1% | ETFIQ |
| Expense ratio | 0.52% | 485BPOS XBRL, Apr 29, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.52% | ETFIQ |
| Closest funds by holdings overlap | URAN 56%, SMRF 55%, TNUK 46%, URNM 44%, URA 43% | ETFIQ |

## Questions

### How much of NLR is in S&P 500 companies?

By its holdings published by its issuer for Sep 10, 2026, 15% of NLR by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different.

### What does NLR hold?

25 positions as published by its issuer for Sep 10, 2026, with the top ten at 61% of the fund. The largest are Constellation Energy Corp at 9.1%, Cameco Corp at 7.9%, Fortum Oyj at 6.8%.

### Has NLR beaten the S&P 500?

Over the year to Sep 11, 2026 NLR returned −6.1% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 23.6 points.

### What does NLR cost?

The prospectus expense ratio is 0.52% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.52%.


## Cite this page

ETFIQ, NLR, data as of Sep 11, 2026. https://etfiq.com/funds/nlr
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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