LGRO vs. SMRF

Last updated Jul 12, 2026

LGRO (Level Four Large Cap Growth Active ETF) and SMRF (ALPS Nautilus SMR, Nuclear & Technology ETF) are both exchange-traded funds - LGRO is a Large Cap Growth Equities fund actively managed by ALPS, while SMRF is a Actively Managed fund actively managed by ALPS. Both are actively managed. A 0.53 correlation means they provide meaningful diversification when combined. LGRO charges 0.50%/yr vs 0.65%/yr for SMRF.

Performance

LGRO vs. SMRF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Level Four Large Cap Growth Active ETF (LGRO) and ALPS Nautilus SMR, Nuclear & Technology ETF (SMRF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LGRO

• 1D: -0.18%
• 1M: 3.33%
• 6M: 4.68%
• YTD: 7.94%
• 1Y: 19.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMRF

• 1D: 0.71%
• 1M: -2.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LGRO vs. SMRF - Yearly Performance Comparison

	2026 (YTD)
LGRO Level Four Large Cap Growth Active ETF	13.31%
SMRF ALPS Nautilus SMR, Nuclear & Technology ETF	0.72%

Correlation

The correlation between LGRO and SMRF is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.53

LGRO vs. SMRF - Sectors Allocation Comparison

Sectors	LGRO	SMRF
Technology	52.9%	26.6%
Consumer Cyclical	13.5%	-
Communication Services	11.1%	2.0%
Financial Services	8.7%	0.5%
Healthcare	7.7%	-
Industrials	2.8%	16.4%
Energy	1.9%	31.7%
Consumer Defensive	1.5%	-
Basic Materials	-	1.6%
Real Estate	-	-
Utilities	-	20.3%

Return for Risk

LGRO vs. SMRF — Risk / Return Rank

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

LGRO

LGRO Risk / Return Rank: 35
LGRO Sharpe Ratio Rank: 40
LGRO Sortino Ratio Rank: 37
LGRO Omega Ratio Rank: 37
LGRO Calmar Ratio Rank: 30
LGRO Martin Ratio Rank: 32

SMRF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

LGRO vs. SMRF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Level Four Large Cap Growth Active ETF (LGRO) and ALPS Nautilus SMR, Nuclear & Technology ETF (SMRF). 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.

	LGRO	SMRF	Difference
Sharpe ratio: Return per unit of total volatility	1.14	—	—
Sortino ratio: Return per unit of downside risk	1.60	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.21	—	—
Martin ratio: Return relative to average drawdown	3.78	—	—

Drawdowns

LGRO vs. SMRF - Drawdown Comparison

The maximum LGRO drawdown since its inception was -23.26%, which is greater than SMRF's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for LGRO and SMRF.

Drawdown Indicators

	LGRO	SMRF	Difference
Max Drawdown Largest peak-to-trough decline	-23.26%	-17.20%	-6.06%
Max Drawdown (1Y) Largest decline over 1 year	-15.24%	—	—
Current Drawdown Current decline from peak	-2.05%	-13.58%	+11.53%
Average Drawdown Average peak-to-trough decline	-3.42%	-6.80%	+3.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	—	—

Volatility

Volatility by Period

	LGRO	SMRF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.19%	44.39%	-28.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.25%	44.39%	-25.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.25%	44.39%	-25.14%

LGRO vs. SMRF - Expense Ratio Comparison

LGRO has a 0.50% expense ratio, which is lower than SMRF's 0.65% expense ratio.

Dividends

LGRO vs. SMRF - Dividend Comparison

LGRO's dividend yield for the trailing twelve months is around 0.36%, more than SMRF's 0.30% yield.

Position	TTM	2025	2024	2023
LGRO Level Four Large Cap Growth Active ETF	0.36%	0.31%	0.39%	0.26%
SMRF ALPS Nautilus SMR, Nuclear & Technology ETF	0.30%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LGRO and SMRF in my portfolio?

LGRO and SMRF have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LGRO or SMRF?

On fees, LGRO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LGRO or SMRF?

LGRO is cheaper with a 0.50% expense ratio, compared with 0.65% for SMRF.

Which ETF pays a higher dividend yield, LGRO or SMRF?

LGRO has the higher dividend yield at 0.36%, compared with 0.30% for SMRF.

What is the main difference between LGRO and SMRF?

LGRO is categorized as Large Cap Growth Equities, while SMRF is Actively Managed. Their fees differ too: 0.50% for LGRO and 0.65% for SMRF.