5 Best Performing Energy ETFs in 2023

2. VanEck Uranium+Nuclear Energy ETF (NYSE:NLR)

Year to date returns: 28.73%

VanEck Uranium+Nuclear Energy ETF (NYSE:NLR) is the second non pure play oil exchange traded fund on our list. It has $114 million in net assets, and the ETF is part of the VanEck fund family. The VanEck Uranium+Nuclear Energy ETF (NYSE:NLR) was set up in 2007, making it one of the oldest funds on our list. Its benchmark index is the MVIS Global Uranium & Nuclear Energy Index (MVNLRTR) index. This ETF is an equity ETF that invests in companies that are involved in the nuclear energy industry.

This limits the fund to investing into uranium mining companies, nuclear reactor manufacturers, nuclear energy producers, and companies that provide back end products and services to the nuclear energy industry. Some of the VanEck Uranium+Nuclear Energy ETF (NYSE:NLR)’s top stock picks are Constellation Energy Corporation (NASDAQ:CEG), Public Service Enterprise Group Incorporated (NYSE:PEG), PG&E Corporation (NYSE:PCG), and Cameco Corporation (TSX:CCO.TO).