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VanEck Uranium+Nuclear Energy (NLR) Overvalued or undervalued?
Look-through valuation · Theme · Expense ratio 0.57 % · ISIN US92189F6016
Price history (since 2007)
Monthly close since 2007. Price shows performance, the valuation verdict is in the look-through above.
NLR holdings and fair value
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Constellation Energy Corp CEG | 8.9 % | −70.1 % | 43 |
| Public Service Enterprise Group Inc PEG | 8.6 % | −54.9 % | 48 |
| Cameco Corp CCO | 8.1 % | n/a | n/a |
| Fortum Oyj FORTUM | 7.0 % | −50.2 % | 53 |
| BWX Technologies Inc BWXT | 6.8 % | −65.7 % | 53 |
| CGN Power 1816 | 6.3 % | −54.2 % | 42 |
| NexGen Energy Ltd. NXE | 5.4 % | n/a | n/a |
| National Atomic Co Kazatomprom JSC ADR | 4.9 % | +23.6 % | 60 |
| Uranium Energy Corp UEC | 4.2 % | −88.3 % | 24 |
| Oklo Inc. OKLO | 4.1 % | −78.3 % | 35 |
| X-Energy, Inc. Class A Common Stock XE | 4.0 % | −84.5 % | 26 |
| Denison Mines Corp DML | 4.0 % | n/a | n/a |
| Paladin Energy Ltd PDN | 3.6 % | n/a | n/a |
| Yellow Cake PLC YCA | 3.3 % | +79.9 % | 45 |
| Energy Fuels Inc EFR | 3.2 % | n/a | n/a |
| Centrus Energy Corp. LEU | 3.2 % | −45.8 % | 33 |
| Nuscale Power Corp SMR | 3.1 % | −55.3 % | 35 |
| KEPCO Engineering & Construction 052690 | 2.4 % | −88.1 % | 62 |
| CGN Mining Co Ltd 1164 | 1.9 % | −48.4 % | 44 |
| SILEX Systems Ltd SLX | 1.2 % | −87.1 % | 51 |
| Nano Nuclear Energy Inc. Common Stock NNE | 1.2 % | −73.0 % | 31 |
| IsoEnergy Ltd. ISOU | 0.8 % | −87.2 % | 50 |
| Deep Yellow Ltd DYL | 0.8 % | −74.1 % | 45 |
| Boss Energy Ltd BOE | 0.8 % | −33.8 % | 56 |
| Ur Energy Inc URE | 0.6 % | n/a | n/a |
Fair value and quality per position come from the same valuation as our stock pages. Listing all 25 disclosed positions. "n/a" means we show no value for this position and it does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 KWEB KraneShares CSI China Internet ETF 49.2 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF 49.0 % below FV
- 3 CHIU Global X MSCI China Utilities ETF 43.9 % below FV
- 4 MCHI iShares MSCI China ETF 35.7 % below FV
- 5 FLCH Franklin FTSE China ETF 34.8 % below FV
- 6 FDNI First Trust Dow Jones International Internet ETF 27.3 % below FV
- 7 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 25.9 % below FV
- 8 ITB iShares U.S. Home Construction ETF 21.3 % below FV
- 9 TAN Invesco Solar ETF 17.3 % below FV
- 10 XLC Communication Services Select Sector SPDR® Fund 16.2 % below FV
Frequently asked about NLR
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How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives VanEck Uranium+Nuclear Energy ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Nov 2, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.