JOBY vs. SMR
JOBY (Joby Aviation, Inc.) and SMR (NuScale Power Corporation) are both stocks. Both are in the Industrials sector — JOBY in Airports & Air Services, SMR in Specialty Industrial Machinery. Over the past 3 years, JOBY returned 11.70%/yr vs 10.94%/yr for SMR. At a 0.38 correlation, their price movements are largely independent.
Performance
JOBY vs. SMR - Performance Comparison
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Returns By Period
In the year-to-date period, JOBY achieves a -26.52% return, which is significantly lower than SMR's -24.06% return.
JOBY
- 1D
- 1.57%
- 1M
- -10.76%
- YTD
- -26.52%
- 6M
- -37.46%
- 1Y
- 19.46%
- 3Y*
- 11.70%
- 5Y*
- —
- 10Y*
- —
SMR
- 1D
- 2.48%
- 1M
- -14.26%
- YTD
- -24.06%
- 6M
- -50.09%
- 1Y
- -68.68%
- 3Y*
- 10.94%
- 5Y*
- 1.52%
- 10Y*
- —
JOBY vs. SMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JOBY Joby Aviation, Inc. | -26.52% | 62.36% | 22.26% | 98.51% | -54.11% | -45.52% |
SMR NuScale Power Corporation | -24.06% | -20.97% | 444.98% | -67.93% | 2.29% | -0.20% |
Correlation
The correlation between JOBY and SMR is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2021 | 0.38 |
Over the past year, JOBY and SMR have become more correlated (0.61) than their long-term average of 0.38, meaning their price movements have been converging.
Fundamentals
JOBY:
$9.15B
SMR:
$3.44B
JOBY:
-$1.10
SMR:
-$2.02
JOBY:
108.63
SMR:
113.60
JOBY:
4.67
SMR:
2.95
JOBY:
$77.67M
SMR:
$18.10M
JOBY:
$8.72M
SMR:
$4.45M
JOBY:
-$1.05B
SMR:
-$696.20M
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Return for Risk
JOBY vs. SMR — Risk / Return Rank
JOBY
SMR
JOBY vs. SMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Joby Aviation, Inc. (JOBY) and NuScale Power Corporation (SMR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| JOBY | SMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.91 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | -0.83 | +1.15 |
| Martin ratioReturn relative to average drawdown | 0.54 | -1.22 | +1.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JOBY | SMR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | -0.66 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.02 | -0.10 |
Drawdowns
JOBY vs. SMR - Drawdown Comparison
The maximum JOBY drawdown since its inception was -76.27%, smaller than the maximum SMR drawdown of -87.47%. Use the drawdown chart below to compare losses from any high point for JOBY and SMR.
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Drawdown Indicators
| JOBY | SMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.27% | -87.47% | +11.20% |
Max Drawdown (1Y)Largest decline over 1 year | -61.06% | -82.86% | +21.80% |
Max Drawdown (3Y)Largest decline over 3 years | -61.06% | -82.86% | +21.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -87.47% | — |
Current DrawdownCurrent decline from peak | -52.43% | -79.86% | +27.43% |
Average DrawdownAverage peak-to-trough decline | -50.39% | -34.97% | -15.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.21% | 56.46% | -20.25% |
Volatility
JOBY vs. SMR - Volatility Comparison
The current volatility for Joby Aviation, Inc. (JOBY) is 23.36%, while NuScale Power Corporation (SMR) has a volatility of 29.21%. This indicates that JOBY experiences smaller price fluctuations and is considered to be less risky than SMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JOBY | SMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.36% | 29.21% | -5.85% |
Volatility (6M)Calculated over the trailing 6-month period | 50.66% | 69.12% | -18.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.38% | 104.37% | -24.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.91% | 93.41% | -13.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.91% | 89.34% | -9.43% |
Dividends
JOBY vs. SMR - Dividend Comparison
Neither JOBY nor SMR has paid dividends to shareholders.
Financials
JOBY vs. SMR - Financials Comparison
This section allows you to compare key financial metrics between Joby Aviation, Inc. and NuScale Power Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
JOBY and SMR have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMR has higher volatility (29.21%) compared to JOBY (23.36%). In terms of maximum drawdown, JOBY dropped -76.27% vs SMR's -87.47%.
JOBY currently has the higher Sharpe Ratio (0.25 vs -0.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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