NLR vs XLU: Holdings Overlap
NLRVanEck Uranium and Nuclear ETF
VanEck · 25 holdings · $4.0B · as of 2026-03-31
XLUState Street® Utilities Select Sector SPDR® ETF
State Street (SPDR) · 31 holdings · $23.0B · as of 2026-08-06
Holdings snapshots are 128 days apart (NLR: 2026-03-31, XLU: 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 XLU?
VanEck Uranium and Nuclear ETF (NLR, by VanEck) holds 25 positions; State Street® Utilities Select Sector SPDR® ETF (XLU, by State Street (SPDR)) holds 31. They have 3 holdings in common, and by portfolio weight the two funds are 11.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3NLR holds 25 · XLU holds 31
- Weight in Shared Holdings
- NLR 20%·XLU 12%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 XLU.
Sector Breakdown
| Sector | NLR | XLU |
|---|---|---|
| Utilities | 37.9% | 99.7% |
| 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 XLU).
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% |
| XLU | -4.6% | +3.5% | +3.6% | +14.3% | +8.5% | +9.0% | 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 XLU →
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 XLU overlap?
NLR and XLU overlap by 11.7% of portfolio weight. They share 3 holdings (NLR holds 25 positions and XLU holds 31), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NLR and XLU?
The two portfolios are 11.7% 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 XLU?
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 XLU doesn't?
22 positions (80.2% of NLR) are unique to NLR, led by CCJ, BWXT and FORTUM. In the other direction, 28 positions (88.0% of XLU) are unique to XLU.