NLR vs SHLD overlap - what they share and where they differ
NLR and SHLD share 3.1% of their weight across 1 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
NLR and SHLD
3.1%
1 shared positions
NLR
VanEck Uranium and Nuclear ETF
Reported positions cover 100% of the fund, 25 positions · Jun 30, 2026
Top 10: 61.1%·Holdings of NLR
SHLD
Global X Defense Tech ETF
Reported positions cover 100% of the fund, 48 positions · May 31, 2026
Top 10: 59.3%·Holdings of SHLD
Reported positions cover NLR 100%, SHLD 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
SHLD vs NLR side by side
NLRVanEck Uranium and Nuclear ETF
25
stock positions reported to the SEC
93.4% of its weight is in 24 names SHLD does not hold
SHLDGlobal X Defense Tech ETF
48
stock positions reported to the SEC
96.6% of its weight is in 47 names NLR does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Industrials: SHLD has 43.3 points more of it.
The figures side by side
| NLR | SHLD | |
|---|---|---|
| Filing date | Jun 30, 2026 | May 31, 2026 |
| Stock positions reported | 25 | 48 |
| Weight of the ten largest | 61.1% | 59.3% |
| Largest position | CCJ 8.4% | LMT 8.4% |
| Held alone | 24 positions, 93.4% | 47 positions, 96.6% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In NLR | In SHLD | Counted |
|---|---|---|---|
| BWXTBWX Technologies Inc | 6.78% | 3.05% | 3.05% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in NLR
Only in SHLD
Questions people ask
Is NLR the same as SHLD?
3.1% of their weight sits in the same 1 holdings. NLR also reports CCJ, CEG, PEG, which the other does not. SHLD also reports LMT, RTX, GD, which the other does not.
How is the overlap between NLR and SHLD measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of NLR and 100% of SHLD, so the number cannot exceed the smaller coverage.
Which holds more, SHLD or NLR?
NLR reports 25 stock positions and SHLD reports 48. 93.4% of NLR's weight sits in names SHLD does not hold, and 96.6% of SHLD's weight in names NLR does not hold. The ten largest positions are 61.1% of NLR and 59.3% of SHLD.
How do NLR and SHLD differ by sector?
The widest gap is Industrials: SHLD has 43.3 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.