NLR vs QUAL: Holdings Overlap
NLRVanEck Uranium and Nuclear ETF
VanEck · 25 holdings · $4.0B · as of 2026-03-31
QUALiShares MSCI USA Quality Factor ETF
iShares · 121 holdings · $47.8B · as of 2026-04-30
Holdings snapshots are 30 days apart (NLR: 2026-03-31, QUAL: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are NLR and QUAL?
VanEck Uranium and Nuclear ETF (NLR, by VanEck) holds 25 positions; iShares MSCI USA Quality Factor ETF (QUAL, by iShares) holds 121. They have 1 holdings in common, and by portfolio weight the two funds are 0.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1NLR holds 25 · QUAL holds 121
- Weight in Shared Holdings
- NLR 4%·QUAL 1%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in NLR
24 of 25 positions (96.0% of the fund) are not held by QUAL.
Sector Breakdown
| Sector | NLR | QUAL |
|---|---|---|
| Energy | 43.6% | 4.0% |
| Utilities | 37.9% | 1.9% |
| Information Technology | 0.0% | 34.4% |
| Industrials | 14.6% | 9.4% |
| Financials | 0.0% | 11.6% |
| Other Sectors | 0.0% | 38.5% |
| Unclassified | 3.7% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (4% of NLR, 0% of QUAL).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| NLR | +6.4% | -5.1% | +1.2% | +27.4% | +20.4% | +12.2% | 2.69% |
| QUAL | +3.6% | +14.1% | +23.7% | +19.0% | +11.5% | +14.4% | 0.84% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in NLR vs QUAL →
Shared Holdings(1)
 OKLOOklo, Inc., Class A | 3.78% | 0.71% | 0.71% |
|---|
Frequently Asked Questions
How much do NLR and QUAL overlap?
NLR and QUAL overlap by 0.7% of portfolio weight. They share 1 holdings (NLR holds 25 positions and QUAL holds 121), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NLR and QUAL?
The two portfolios are 0.7% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of NLR and QUAL?
The largest positions held by both funds are OKLO. Together the top 1 shared positions account for 99% of the total overlap.
What does NLR own that QUAL doesn't?
24 positions (96.0% of NLR) are unique to NLR, led by CCJ, CEG and BWXT. In the other direction, 120 positions (99.1% of QUAL) are unique to QUAL.