JPEM vs. SMR

Last updated Jun 9, 2026

JPEM (J.P. Morgan Diversified Return Emerging Markets Equity ETF) is Emerging Markets Equities fund tracking the JPMorgan Diversified Factor Emerging Markets Equity Index, while SMR (NuScale Power Corporation) is a stock. Over the past 5 years, JPEM returned 5.63%/yr vs 1.52%/yr for SMR. At a 0.28 correlation, their price movements are largely independent.

Performance

JPEM vs. SMR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) and NuScale Power Corporation (SMR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPEM achieves a 4.57% return, which is significantly higher than SMR's -24.06% return.

JPEM

• 1D: 0.11%
• 1M: -4.82%
• YTD: 4.57%
• 6M: 7.12%
• 1Y: 18.33%
• 3Y*: 12.30%
• 5Y*: 5.63%
• 10Y*: 7.72%

SMR

• 1D: 2.48%
• 1M: -14.26%
• YTD: -24.06%
• 6M: -50.09%
• 1Y: -68.68%
• 3Y*: 10.94%
• 5Y*: 1.52%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPEM vs. SMR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF	4.57%	22.90%	4.23%	11.01%	-9.03%	8.11%	3.47%
SMR NuScale Power Corporation	-24.06%	-20.97%	444.98%	-67.93%	2.29%	-0.89%	1.71%

Correlation

The correlation between JPEM and SMR is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020	0.28

The correlation between JPEM and SMR shifts across timeframes, from 0.28 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JPEM vs. SMR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPEM

JPEM Risk / Return Rank: 43
JPEM Sharpe Ratio Rank: 44
JPEM Sortino Ratio Rank: 42
JPEM Omega Ratio Rank: 45
JPEM Calmar Ratio Rank: 40
JPEM Martin Ratio Rank: 44

SMR

SMR Risk / Return Rank: 13
SMR Sharpe Ratio Rank: 13
SMR Sortino Ratio Rank: 13
SMR Omega Ratio Rank: 16
SMR Calmar Ratio Rank: 10
SMR Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPEM vs. SMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) 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.

	JPEM	SMR	Difference
Sharpe ratio: Return per unit of total volatility	1.39	-0.66	+2.05
Sortino ratio: Return per unit of downside risk	1.94	-0.89	+2.83
Omega ratio: Gain probability vs. loss probability	1.26	0.91	+0.35
Calmar ratio: Return relative to maximum drawdown	1.78	-0.83	+2.61
Martin ratio: Return relative to average drawdown	6.56	-1.22	+7.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPEM vs. SMR - Sharpe Ratio Comparison

The current JPEM Sharpe Ratio is 1.39, which is higher than the SMR Sharpe Ratio of -0.66. The chart below compares the historical Sharpe Ratios of JPEM and SMR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JPEM	SMR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	-0.66	+2.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.02	+0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.02	+0.30

Drawdowns

JPEM vs. SMR - Drawdown Comparison

The maximum JPEM drawdown since its inception was -40.22%, smaller than the maximum SMR drawdown of -87.47%. Use the drawdown chart below to compare losses from any high point for JPEM and SMR.

Drawdown Indicators

	JPEM	SMR	Difference
Max Drawdown Largest peak-to-trough decline	-40.22%	-87.47%	+47.25%
Max Drawdown (1Y) Largest decline over 1 year	-10.32%	-82.86%	+72.54%
Max Drawdown (3Y) Largest decline over 3 years	-14.30%	-82.86%	+68.56%
Max Drawdown (5Y) Largest decline over 5 years	-21.57%	-87.47%	+65.90%
Max Drawdown (10Y) Largest decline over 10 years	-40.22%	—	—
Current Drawdown Current decline from peak	-5.45%	-79.86%	+74.41%
Average Drawdown Average peak-to-trough decline	-9.46%	-34.97%	+25.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	56.46%	-53.66%

Volatility

JPEM vs. SMR - Volatility Comparison

The current volatility for J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) is 4.53%, while NuScale Power Corporation (SMR) has a volatility of 29.21%. This indicates that JPEM 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.

Volatility by Period

	JPEM	SMR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	29.21%	-24.68%
Volatility (6M) Calculated over the trailing 6-month period	11.55%	69.12%	-57.57%
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	104.37%	-91.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.54%	93.41%	-79.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.04%	89.34%	-72.30%

Dividends

JPEM vs. SMR - Dividend Comparison

JPEM's dividend yield for the trailing twelve months is around 4.51%, while SMR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF	4.51%	4.65%	5.12%	4.46%	4.71%	4.40%	2.85%	3.47%	2.79%	2.14%	1.28%	3.22%
SMR NuScale Power Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPEM and SMR in my portfolio?

JPEM and SMR have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPEM or SMR?

SMR has higher volatility (29.21%) compared to JPEM (4.53%). In terms of maximum drawdown, JPEM dropped -40.22% vs SMR's -87.47%.

Which has better risk-adjusted returns?

JPEM currently has the higher Sharpe Ratio (1.39 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.