NLR vs SPY: Holdings Overlap
NLRVanEck Uranium and Nuclear ETF
VanEck · 25 holdings · $4.0B · as of 2026-03-31
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 128 days apart (NLR: 2026-03-31, SPY: 2026-08-06). 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 SPY?
VanEck Uranium and Nuclear ETF (NLR, by VanEck) holds 25 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 3 holdings in common, and by portfolio weight the two funds are 0.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3NLR holds 25 · SPY holds 504
- Weight in Shared Holdings
- NLR 20%·SPY 0%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
22 of 25 positions (80.2% of the fund) are not held by SPY.
Sector Breakdown
| Sector | NLR | SPY |
|---|---|---|
| Energy | 43.6% | 3.2% |
| Utilities | 37.9% | 2.0% |
| Information Technology | 0.0% | 37.6% |
| Industrials | 14.6% | 8.8% |
| Financials | 0.0% | 12.3% |
| Other Sectors | 0.0% | 36.0% |
| 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 SPY).
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% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 SPY →
Shared Holdings(3)
The top 3 shared positions account for 100% of the overlap, led by CEG, PCG and PEG.
Frequently Asked Questions
How much do NLR and SPY overlap?
NLR and SPY overlap by 0.2% of portfolio weight. They share 3 holdings (NLR holds 25 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NLR and SPY?
The two portfolios are 0.2% 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 SPY?
The largest positions held by both funds are CEG, PCG and PEG. Together the top 3 shared positions account for 100% of the total overlap.
What does NLR own that SPY doesn't?
22 positions (80.2% of NLR) are unique to NLR, led by CCJ, BWXT and FORTUM. In the other direction, 501 positions (99.7% of SPY) are unique to SPY.