The Nuclear Trade Is Entering Phase 2 and These 3 ETFs Own Everything From Uranium Miners to Reactor Restarts

Microsoft, Amazon, and Google power deals are shifting nuclear investment logic from uranium spot prices toward utilities signing multi-decade reactor contracts. Uranium spot prices drove the nuclear trade higher over the past three years. The three funds capturing this next phase are the Range Nuclear Renaissance Index ETF (NYSE:NUKZ), the Sprott Uranium Miners ETF (NYSEARCA:URNM), and the VanEck Uranium and Nuclear ETF (NYSEARCA:NLR). Recent performance has been rough across all three, with NUKZ, URNM, and NLR each down roughly 10% to 14% over the past month, making this sorting exercise timely. The portfolio spans 53 holdings across reactor developers, SMR companies, utilities, uranium miners, and fuel-cycle service providers.