NERD vs. SMR
NERD (Roundhill Video Games ETF) is Gaming fund actively managed by Roundhill Investments, while SMR (NuScale Power Corporation) is a stock. Over the past 5 years, NERD returned -8.51%/yr vs -0.32%/yr for SMR. At a 0.27 correlation, their price movements are largely independent.
Performance
NERD vs. SMR - Performance Comparison
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Returns By Period
In the year-to-date period, NERD achieves a -18.01% return, which is significantly higher than SMR's -30.20% return.
NERD
- 1D
- -0.41%
- 1M
- -4.10%
- YTD
- -18.01%
- 6M
- -19.37%
- 1Y
- -21.50%
- 3Y*
- 9.13%
- 5Y*
- -8.51%
- 10Y*
- —
SMR
- 1D
- 3.34%
- 1M
- -17.31%
- YTD
- -30.20%
- 6M
- -46.07%
- 1Y
- -75.51%
- 3Y*
- 5.43%
- 5Y*
- -0.32%
- 10Y*
- —
NERD vs. SMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NERD Roundhill Video Games ETF | -18.01% | 23.14% | 28.52% | 12.94% | -43.30% | -17.57% | 3.02% |
SMR NuScale Power Corporation | -30.20% | -20.97% | 444.98% | -67.93% | 2.29% | -0.89% | 1.20% |
Correlation
The correlation between NERD 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 | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020 | 0.27 |
The correlation between NERD and SMR shifts across timeframes, from 0.27 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NERD vs. SMR — Risk / Return Rank
NERD
SMR
NERD vs. SMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Video Games ETF (NERD) 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.
| NERD | SMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.87 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | -0.91 | +0.22 |
| Martin ratioReturn relative to average drawdown | -1.23 | -1.32 | +0.08 |
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Drawdowns
NERD vs. SMR - Drawdown Comparison
The maximum NERD drawdown since its inception was -65.58%, smaller than the maximum SMR drawdown of -87.47%. Use the drawdown chart below to compare losses from any high point for NERD and SMR.
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Drawdown Indicators
| NERD | SMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -87.47% | +21.89% |
Max Drawdown (1Y)Largest decline over 1 year | -31.19% | -82.86% | +51.67% |
Max Drawdown (3Y)Largest decline over 3 years | -31.19% | -82.86% | +51.67% |
Max Drawdown (5Y)Largest decline over 5 years | -58.92% | -87.47% | +28.55% |
Current DrawdownCurrent decline from peak | -46.82% | -81.49% | +34.67% |
Average DrawdownAverage peak-to-trough decline | -35.92% | -35.08% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.50% | 57.39% | -39.89% |
Volatility
NERD vs. SMR - Volatility Comparison
The current volatility for Roundhill Video Games ETF (NERD) is 4.21%, while NuScale Power Corporation (SMR) has a volatility of 28.93%. This indicates that NERD 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
| NERD | SMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 28.93% | -24.72% |
Volatility (6M)Calculated over the trailing 6-month period | 15.00% | 69.57% | -54.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.77% | 102.59% | -82.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.51% | 93.50% | -68.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.49% | 89.31% | -63.82% |
Dividends
NERD vs. SMR - Dividend Comparison
NERD's dividend yield for the trailing twelve months is around 0.77%, while SMR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
NERD Roundhill Video Games ETF | 0.77% | 0.63% | 1.74% | 1.07% | 0.69% | 0.02% | 1.05% | 0.31% |
SMR NuScale Power Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NERD 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.
SMR has higher volatility (28.93%) compared to NERD (4.21%). In terms of maximum drawdown, NERD dropped -65.58% vs SMR's -87.47%.
SMR currently has the higher Sharpe Ratio (-0.74 vs -1.09), 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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