KCE vs. SMR
KCE (SPDR S&P Capital Markets ETF) is Financials Equities fund tracking the S&P Capital Markets Select Industry Index, while SMR (NuScale Power Corporation) is a stock. Over the past 5 years, KCE returned 12.87%/yr vs -0.32%/yr for SMR. At a 0.34 correlation, their price movements are largely independent.
Performance
KCE vs. SMR - Performance Comparison
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Returns By Period
In the year-to-date period, KCE achieves a 3.66% return, which is significantly higher than SMR's -30.20% return.
KCE
- 1D
- 1.60%
- 1M
- 1.26%
- YTD
- 3.66%
- 6M
- 2.73%
- 1Y
- 14.27%
- 3Y*
- 24.58%
- 5Y*
- 12.87%
- 10Y*
- 17.65%
SMR
- 1D
- 3.34%
- 1M
- -17.31%
- YTD
- -30.20%
- 6M
- -46.07%
- 1Y
- -75.51%
- 3Y*
- 5.43%
- 5Y*
- -0.32%
- 10Y*
- —
KCE vs. SMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KCE SPDR S&P Capital Markets ETF | 3.66% | 10.76% | 37.51% | 32.04% | -22.14% | 40.05% | 2.39% |
SMR NuScale Power Corporation | -30.20% | -20.97% | 444.98% | -67.93% | 2.29% | -0.89% | 1.20% |
Correlation
The correlation between KCE and SMR is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020 | 0.34 |
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Return for Risk
KCE vs. SMR — Risk / Return Rank
KCE
SMR
KCE vs. SMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Capital Markets ETF (KCE) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KCE | SMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.87 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | -0.91 | +1.74 |
| Martin ratioReturn relative to average drawdown | 2.14 | -1.32 | +3.45 |
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Drawdowns
KCE vs. SMR - Drawdown Comparison
The maximum KCE drawdown since its inception was -74.00%, smaller than the maximum SMR drawdown of -87.47%. Use the drawdown chart below to compare losses from any high point for KCE and SMR.
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Drawdown Indicators
| KCE | SMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.00% | -87.47% | +13.47% |
Max Drawdown (1Y)Largest decline over 1 year | -17.44% | -82.86% | +65.42% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | -82.86% | +56.55% |
Max Drawdown (5Y)Largest decline over 5 years | -34.45% | -87.47% | +53.02% |
Max Drawdown (10Y)Largest decline over 10 years | -40.78% | — | — |
Current DrawdownCurrent decline from peak | -3.75% | -81.49% | +77.74% |
Average DrawdownAverage peak-to-trough decline | -22.78% | -35.08% | +12.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.70% | 57.39% | -50.69% |
Volatility
KCE vs. SMR - Volatility Comparison
The current volatility for SPDR S&P Capital Markets ETF (KCE) is 6.04%, while NuScale Power Corporation (SMR) has a volatility of 28.93%. This indicates that KCE 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
| KCE | SMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 28.93% | -22.89% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 69.57% | -54.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.12% | 102.59% | -82.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.08% | 93.50% | -70.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.10% | 89.31% | -66.21% |
Dividends
KCE vs. SMR - Dividend Comparison
KCE's dividend yield for the trailing twelve months is around 1.67%, while SMR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KCE SPDR S&P Capital Markets ETF | 1.67% | 1.63% | 1.56% | 1.82% | 2.42% | 1.53% | 2.20% | 2.32% | 2.67% | 1.95% | 2.30% | 2.43% |
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
KCE and SMR have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMR has higher volatility (28.93%) compared to KCE (6.04%). In terms of maximum drawdown, KCE dropped -74.00% vs SMR's -87.47%.
KCE currently has the higher Sharpe Ratio (0.71 vs -0.74), 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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