Nuclear Energy ETF Climbs 25% YTD, Among Top Five Thematic Winners
NUKZ•Global X Nuclear Energy ETF (NUKZ) surged 25% year-to-date through early May 2026, ranking among the five thematic ETFs that outpaced the S&P 500’s 7% gain over the same period. Conversely, 388 thematic funds trailed the benchmark, underlining wide dispersion in thematic strategy returns.
1. NUKZ Outperformance Details
NUKZ delivered a 25% total return through early May 2026, outstripping the S&P 500’s 7% gain over the same span. The ETF’s exposure to uranium miners and nuclear reactor component suppliers drove much of the upside as global energy demand surged.
2. Thematic ETF Landscape
Among 393 thematic funds tracked, only five—including NUKZ—beat the S&P 500, while 388 underperformed. This dispersion highlights investor caution and stock-specific risks across focused strategies.
3. Drivers Behind Nuclear Theme
Rising geopolitical tensions, renewed interest in low-carbon power and planned reactor commissions in Asia supported uranium spot prices, boosting NUKZ holdings. Key positions in leading uranium producers accounted for over half its gain.
4. Outlook and Risks
Analysts caution that elevated uranium prices face supply uncertainties and potential regulatory hurdles for reactor permits. Investors should monitor changes in energy policy and mine restart timelines that could compress margins.
