ETF Evaluator:
VanEck Uranium & Nuclear ETF ()
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(as of Aug 26)
Best Performing in Natural Resources Over the Last Year
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ETF Details
VanEck Uranium & Nuclear ETF Overview
VanEck Uranium & Nuclear ETF (NLR) is a passively managed Sector Equity Natural Resources exchange-traded fund (ETF). VanEck launched the ETF in 2007.
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Global Uranium & Nuclear Energy Index.
The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index includes equity securities and depositary receipts issued by companies involved in uranium and nuclear energy. The fund is non-diversified.
About VanEck Uranium & Nuclear ETF (NLR)
There are 2 members of the management team with an average tenure of 10.62 years: Peter Liao (2007) and Ralph Lasta (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and MVIS Glb Uranium&Nuclear Energy NR USD index with a weighting of 100%. VanEck Uranium & Nuclear ETF has 29 securities in its portfolio. The top 10 holdings constitute 61.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VanEck Uranium & Nuclear ETF is part of the Equity global asset class and is within the Sector Equity ETF group. VanEck Uranium & Nuclear ETF has 48.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 51.1% There is 48.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VanEck Uranium & Nuclear ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $3 billion in total assets, which is above the $1 billion average for the Natural Resources category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
NLR Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VanEck Uranium & Nuclear ETF expense ratio is average compared to funds in the Natural Resources category. VanEck Uranium & Nuclear ETF has an expense ratio of 0.52%, which is 2% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VanEck Uranium & Nuclear ETF has a portfolio turnover rate of 42%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 41% for the Natural Resources category.
Recently, in the month of July 2026, VanEck Uranium & Nuclear ETF returned -7.4%, which earned it a grade of F, as the Natural Resources category had an average return of -2.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VanEck Uranium & Nuclear ETF has a trailing yield of 2.95%, which is above the 2.30% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
VanEck Uranium & Nuclear ETF Grades
Year to date, the ETF has returned -13.2%, 19.7 percentage points worse than the category, which translates into a grade of F. The fund has returned -3.9% over the past year (grade of F), 23.7% over the past three years (grade of A) and 18.4% per year over the past five years (grade of A) and 10.9% per year over the past 10 years (grade of B).
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NLR Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NLR Return (NAV) | -7.4% | -25.8% | -3.9% | 23.7% | 18.4% | 10.9% |
| NLR Return (Price) | -7.9% | -26.8% | -4.5% | 23.4% | 18.3% | 10.9% |
| NAV +/- Price Return | 0.511% | 1.034% | 0.563% | 0.341% | 0.165% | 0.019% |
| Natural Resources Avg | -2.2% | -9.2% | 33.5% | 9.8% | 7.4% | 10.4% |
| NLR Grade (NAV) | F | F | F | A | A | B |
| +/- Category (NAV) | -5.2% | -16.6% | -37.4% | 13.9% | 11.0% | 0.5% |
| NLR Tax-Cost Ratio | na | na | 1.0% | 1.0% | 1.0% | 1.2% |
NLR Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NLR Return (NAV) | -13.2% | 55.9% | 14.5% | 36.0% | 2.2% | 13.5% | 3.6% | 0.4% | 5.1% | 8.1% | 8.8% |
| NLR Return (Price) | -14.0% | 56.5% | 14.3% | 36.6% | 2.3% | 13.6% | 3.5% | 0.4% | 4.9% | 8.3% | 9.1% |
| NAV +/- Price Ret | 0.061% | 0.010% | -0.019% | 0.016% | 0.065% | 0.008% | -0.024% | -6.8% | -2.8% | 1.9% | 2.5% |
| Natural Resources Avg | 6.5% | 43.5% | -6.0% | 9.9% | -7.3% | 30.1% | 22.9% | 18.4% | -16.7% | 25.1% | 28.4% |
| NLR Grade (NAV) | F | B | A | A | B | F | F | F | A | F | F |
| +/- Category | -19.7% | 12.4% | 20.5% | 26.2% | 9.5% | -16.6% | -19.3% | -18.0% | 21.7% | -17.0% | -19.5% |
| Risk Measures | |
| Beta: | 1.16 |
| R-Squared: | 18% |
| Standard Deviation: | 34.2% |
| Category Risk Index: | 1.41 |
| Category Risk Rating: | High |
| Total Risk Index: | 2.79 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 3.0% |
| Total Assets: | $ 3,812 Mil |
| Share Class Assets: | $ 3,812 Mil |
| Turnover: | 42.0% |
| Expense Ratio: | 0.52% |
| Index Fund: | Yes |
| Index Tracked: | MSCI ACWI NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 19.0 years | |||
| Average Tenure: 10.6 years | |||
| Managers (Year): Liao Peter (2007), Lasta Ralph (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 29 |
| % in Top 10 Holdings: | 61.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 48.9% |
Portfolio Allocation |
|
| Domestic Stock: | 51.1% |
| Foreign Stock: | 48.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | VanEck |
| Phone Number: | 800-826-2333 |
| Website: | www.marketvectorsetfs.com |
| Inception Date: | August 13, 2007 |
Expenses and Fees
| Expense Ratio (%): | 0.52% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.53% |
