NLR vs VPU: Holdings Overlap
NLRVanEck Uranium and Nuclear ETF
VanEck · 25 holdings · $4.0B · as of 2026-03-31
VPUVanguard Utilities Index Fund
Vanguard · 66 holdings · $8.5B · as of 2026-05-31
Holdings snapshots are 61 days apart (NLR: 2026-03-31, VPU: 2026-05-31). 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 VPU?
VanEck Uranium and Nuclear ETF (NLR, by VanEck) holds 25 positions; Vanguard Utilities Index Fund (VPU, by Vanguard) holds 66. They have 4 holdings in common, and by portfolio weight the two funds are 11.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 4NLR holds 25 · VPU holds 66
- Weight in Shared Holdings
- NLR 23%·VPU 11%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
21 of 25 positions (76.4% of the fund) are not held by VPU.
Sector Breakdown
| Sector | NLR | VPU |
|---|---|---|
| Utilities | 37.9% | 99.6% |
| Energy | 43.6% | 0.0% |
| Industrials | 14.6% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
| 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 VPU).
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% |
| VPU | -4.3% | +3.4% | +3.8% | +14.2% | +8.4% | +8.8% | 2.74% |
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 VPU →
Shared Holdings(4)
The top 4 shared positions account for 100% of the overlap, led by CEG, PEG and PCG.
Frequently Asked Questions
How much do NLR and VPU overlap?
NLR and VPU overlap by 11.2% of portfolio weight. They share 4 holdings (NLR holds 25 positions and VPU holds 66), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NLR and VPU?
The two portfolios are 11.2% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of NLR and VPU?
The largest positions held by both funds are CEG, PEG, PCG and OKLO. Together the top 4 shared positions account for 100% of the total overlap.
What does NLR own that VPU doesn't?
21 positions (76.4% of NLR) are unique to NLR, led by CCJ, BWXT and FORTUM. In the other direction, 62 positions (88.4% of VPU) are unique to VPU.