NLR vs PZA

Comparison between VANECK URANIUM AND NUCLEAR ETF (NLR, ETF) and INVESCO NATIONAL AMT-FREE MUNICIPAL BOND ETF (PZA, ETF).

5-Year PerformanceNLR has outperformed PZA, delivering a return of +18.5% compared to -0.2%

NLR vs PZA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NLR(ETF)	PZA(ETF)
Net Assets	$4.20B	$4.30B
Expense Ratio	0.52%	0.28%
Max Drawdown	74.61%	27.00%
Sharpe Ratio	0.14	1.17
5Y Beta	1.28	0.05
5Y Dividends CAGR	11.76%	6.11%

Net Assets

NLR

$4.20B

Winner

PZA

$4.30B

Expense Ratio

NLR

0.52%

Winner

PZA

0.28%

Max Drawdown

NLR

74.61%

Winner

PZA

27.00%

Sharpe Ratio

NLR

0.14

Winner

PZA

1.17

5Y Beta

NLR

1.28

Winner

PZA

0.05

5Y Dividends CAGR

Winner

NLR

11.76%

PZA

6.11%

NLR vs PZA - Historical Returns

Returns include dividend reinvestment.

Period	NLR	PZA
1 month	-13.20%	+0.27%
3 months	-24.53%	+1.42%
6 months	-24.60%	+2.00%
1 year	+0.76%	+9.20%
5 years(CAGR)	+18.52%	-0.16%
10 years(CAGR)	+11.15%	+1.76%
Max(CAGR)	+3.43%	+3.24%

NLR

-13.20%

Winner

PZA

+0.27%

NLR

-24.53%

Winner

PZA

+1.42%

NLR

-24.60%

Winner

PZA

+2.00%

NLR

+0.76%

Winner

PZA

+9.20%

5Y(CAGR)

Winner

NLR

+18.52%

PZA

-0.16%

10Y(CAGR)

Winner

NLR

+11.15%

PZA

+1.76%

Max(CAGR)

Winner

NLR

+3.43%

PZA

+3.24%

NLR vs PZA - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	NLR	PZA
2026	-17.78%	+2.44%
2025	+50.60%	+1.38%
2024	+15.25%	+0.81%
2023	+37.18%	+7.75%
2022	+1.64%	-13.00%
2021	+14.59%	+2.26%
2020	+3.27%	+4.91%
2019	+0.66%	+8.48%
2018	+4.99%	+0.07%
2017	+8.57%	+6.78%
2016	+10.24%	+0.62%
2015	-9.04%	+3.65%
2014	+11.59%	+15.05%
2013	+14.65%	-6.96%
2012	-5.26%	+9.84%
2011	-34.63%	+13.58%
2010	+13.94%	-0.41%
2009	+12.64%	+17.92%
2008	-44.65%	-12.12%
2007	+4.22%	+0.75%

NLR vs PZA Drawdown Comparison

The maximum drawdown for NLR was -65.30%, occurring on Oct 27, 2008. Recovery took 4036 trading sessions.

The maximum drawdown for PZA was -24.48%, occurring on Oct 15, 2008. Recovery took 416 trading sessions.

The current NLR drawdown is -33.46%. The current PZA drawdown is -0.87%.

Rank	NLR	PZA
#1	-65.30% Nov 6, 2007 - Nov 17, 2023	-24.48% Jan 17, 2008 - Sep 11, 2009
#2	-33.46% Jan 28, 2026 - Jul 15, 2026	-21.69% Mar 9, 2020 - Dec 7, 2020
#3	-30.48% Jan 23, 2025 - May 23, 2025	-18.55% Jul 19, 2021 - Oct 25, 2022
#4	-25.80% Oct 15, 2025 - Jan 28, 2026	-12.46% Nov 30, 2012 - Jul 14, 2014
#5	-21.43% May 21, 2024 - Oct 16, 2024	-11.77% May 10, 2010 - Aug 3, 2011
#6	-15.30% Oct 21, 2024 - Jan 23, 2025	-7.07% Jul 8, 2016 - Aug 29, 2017
#7	-10.74% Feb 1, 2024 - Apr 3, 2024	-4.07% Oct 1, 2009 - Apr 27, 2010
#8	-10.14% Jul 25, 2025 - Sep 9, 2025	-3.43% Feb 2, 2015 - Nov 19, 2015
#9	-6.25% Aug 27, 2007 - Sep 18, 2007	-2.99% Dec 29, 2017 - Jan 2, 2019
#10	-5.51% Apr 3, 2024 - May 3, 2024	-2.99% Oct 24, 2007 - Jan 2, 2008
#11	-5.41% Jun 30, 2025 - Jul 14, 2025	-2.80% Feb 10, 2021 - May 28, 2021
#12	-5.26% Jan 12, 2024 - Feb 1, 2024	-2.29% Sep 22, 2011 - Dec 14, 2011
#13	-5.15% Sep 28, 2007 - Oct 15, 2007	-1.72% Sep 3, 2019 - Jan 6, 2020
#14	-4.46% Oct 15, 2007 - Oct 25, 2007	-1.72% Oct 15, 2014 - Dec 12, 2014
#15	-4.18% Aug 15, 2007 - Aug 22, 2007	-1.58% Feb 2, 2012 - Apr 13, 2012

Correlation

Correlation between NLR and PZA is 0.47 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.47

-101

Dividend Comparison (2007 - 2026)

NLR vs PZA dividend yield comparison.

Year	NLR	PZA
2026	0.00%	1.84%
2025	2.55%	3.55%
2024	0.76%	3.22%
2023	4.54%	2.91%
2022	2.02%	2.68%
2021	1.99%	2.34%
2020	2.23%	2.44%
2019	2.21%	2.81%
2018	3.91%	3.19%
2017	4.86%	3.04%
2016	3.62%	3.23%
2015	3.30%	3.59%
2014	2.48%	3.96%
2013	0.69%	4.27%
2012	4.59%	4.11%
2011	13.02%	4.48%
2010	4.20%	4.90%
2009	1.84%	4.68%
2008	0.00%	5.07%
2007	10.93%	0.93%