VanEck Uranium and Nuclear ETF (NLR) — Stock Correlations & Overview
Over the past year, NLR has moved most closely with URAA, URA, URAN. Explore the stocks most correlated and inversely correlated with NLR below, along with its price, financials, and company profile.
Stocks correlated with NLR
Correlation of daily returns. Higher positive values move with NLR; negative values move opposite it. Informational only, not investment advice.
Most correlated with NLR
| Symbol | Company | Correlation |
|---|---|---|
| URAA | Direxion Daily Uranium Industry Bull 2X ETF | 0.98 |
| URA | Global X Uranium ETF | 0.98 |
| URAN | Themes Uranium & Nuclear ETF | 0.95 |
| URNM | Sprott Uranium Miners ETF | 0.94 |
| URNJ | Sprott Junior Uranium Miners ETF | 0.92 |
Most inversely correlated with NLR
| Symbol | Company | Correlation |
|---|---|---|
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.68 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.66 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.65 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.64 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.64 |
Frequently asked questions about NLR correlations
- Which stocks are most correlated with NLR?
- Based on one year of daily returns, the stocks most correlated with VanEck Uranium and Nuclear ETF (NLR) are URAA (0.98), URA (0.98) and URAN (0.95). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with NLR?
- Over the past year, the stocks most inversely correlated with VanEck Uranium and Nuclear ETF (NLR) are BTAL (-0.68), SARK (-0.66) and HIBS (-0.65). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these NLR correlations calculated?
- We compute the correlation of daily returns between NLR and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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