Stacey Morris, head of energy research at VettaFi, joined host Nate Geraci this week on ETF Prime to discuss why nuclear energy has become the standout story of 2025.
The Range Nuclear Renaissance Index ETF (NUKZ ) has returned about 55% year to date, significantly outperforming the broader energy sector. Morris described the performance as a perfect alignment of tailwinds for nuclear energy.
Morris outlined three factors driving the surge. Nuclear provides reliable baseload power, qualifies as clean energy, and enjoys bipartisan policy support in Washington — a rare trifecta most energy sources lack.
The AI and data center boom has amplified demand as tech giants like Microsoft Corp. (MSFT), Alphabet Inc. (GOOGL) and Meta Platforms Inc. (META) need massive amounts of 24/7 power and have the deep pockets to secure it, she added.
Morris noted that nuclear is experiencing a rising tide lifting all boats. In contrast, oil and gas has been more of a stock picker’s market. Small modular reactor company Oklo Inc. (OKLO) has surged over 300% this year, while construction firms like Korea Electric Power Corp. (KEP) and Samsung Heavy Industries are up over 100%. About 30% of the index consists of utilities, which are benefiting from both nuclear demand and lower interest rates.
For income-focused investors, Morris highlighted the Alerian MLP ETF (AMLP ), which yields just under 8%. She expects continued distribution growth as MLPs operate on fee-based models, making them more defensive and insulated from oil price volatility compared to producers.
The episode also featured JD Gardner, chief investment officer and founder of Aptus Capital Advisors. Gardner discussed the firm’s new series of buffer ETFs launched in October. At just 0.25% expense ratio, they are now the lowest cost buffer ETFs on the market, undercutting competitors who typically charge 0.70% to 0.90%.
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VettaFi LLC (“VettaFi”) is the index provider for NUKZ and AMLP, for which it receives an index licensing fee. However, NUKZ and AMLP are not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of NUKZ or AMLP.
