SMC vs. NBIS

Last updated Jun 4, 2026

SMC (Summit Midstream Corp) and NBIS (Nebius Group N.V.) are both stocks. SMC operates in Oil & Gas Midstream (Energy), while NBIS operates in Internet Content & Information (Communication Services). Over the past year, SMC returned 13.91% vs 575.29% for NBIS. At a 0.18 correlation, their price movements are largely independent.

Performance

SMC vs. NBIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Summit Midstream Corp (SMC) and Nebius Group N.V. (NBIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMC achieves a 9.56% return, which is significantly lower than NBIS's 200.67% return.

SMC

• 1D: -1.75%
• 1M: -8.57%
• YTD: 9.56%
• 6M: 13.29%
• 1Y: 13.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NBIS

• 1D: -3.42%
• 1M: 42.66%
• YTD: 200.67%
• 6M: 154.43%
• 1Y: 575.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMC vs. NBIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SMC Summit Midstream Corp	9.56%	-29.38%	5.71%
NBIS Nebius Group N.V.	200.67%	202.18%	46.25%

Correlation

The correlation between SMC and NBIS is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (All Time) Calculated using the full available price history since Oct 21, 2024	0.18

The correlation between SMC and NBIS shifts across timeframes, from 0.04 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SMC : $360.38M NBIS : $77.76B
EPS SMC : -$0.16 NBIS : $3.17
PS Ratio SMC : 0.63 NBIS : 75.53
PB Ratio SMC : 0.68 NBIS : 10.74
Total Revenue (TTM) SMC : $568.54M NBIS : $877.90M
Gross Profit (TTM) SMC : $280.71M NBIS : $420.60M
EBITDA (TTM) SMC : $144.92M NBIS : -$52.78M

Return for Risk

SMC vs. NBIS — Risk / Return Rank

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

SMC

SMC Risk / Return Rank: 52
SMC Sharpe Ratio Rank: 53
SMC Sortino Ratio Rank: 49
SMC Omega Ratio Rank: 49
SMC Calmar Ratio Rank: 53
SMC Martin Ratio Rank: 55

NBIS

NBIS Risk / Return Rank: 97
NBIS Sharpe Ratio Rank: 99
NBIS Sortino Ratio Rank: 96
NBIS Omega Ratio Rank: 93
NBIS Calmar Ratio Rank: 98
NBIS Martin Ratio Rank: 97

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.

SMC vs. NBIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Summit Midstream Corp (SMC) and Nebius Group N.V. (NBIS). 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.

	SMC	NBIS	Difference
Sharpe ratio Return per unit of total volatility	0.31	5.52	-5.22
Sortino ratio Return per unit of downside risk	0.74	4.59	-3.85
Omega ratio Gain probability vs. loss probability	1.10	1.51	-0.41
Calmar ratio Return relative to maximum drawdown	0.52	12.77	-12.25
Martin ratio Return relative to average drawdown	1.30	29.34	-28.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMC vs. NBIS - Sharpe Ratio Comparison

The current SMC Sharpe Ratio is 0.31, which is lower than the NBIS Sharpe Ratio of 5.52. The chart below compares the historical Sharpe Ratios of SMC and NBIS, 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

	SMC	NBIS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	5.52	-5.22
Sharpe Ratio (All Time) Calculated using the full available price history	-0.32	3.62	-3.95

Drawdowns

SMC vs. NBIS - Drawdown Comparison

The maximum SMC drawdown since its inception was -57.33%, roughly equal to the maximum NBIS drawdown of -58.27%. Use the drawdown chart below to compare losses from any high point for SMC and NBIS.

Drawdown Indicators

	SMC	NBIS	Difference
Max Drawdown Largest peak-to-trough decline	-57.33%	-58.27%	+0.94%
Max Drawdown (1Y) Largest decline over 1 year	-27.13%	-45.47%	+18.34%
Current Drawdown Current decline from peak	-35.35%	-4.85%	-30.50%
Average Drawdown Average peak-to-trough decline	-29.28%	-19.07%	-10.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.73%	19.74%	-9.01%

Volatility

SMC vs. NBIS - Volatility Comparison

The current volatility for Summit Midstream Corp (SMC) is 16.88%, while Nebius Group N.V. (NBIS) has a volatility of 31.82%. This indicates that SMC experiences smaller price fluctuations and is considered to be less risky than NBIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMC	NBIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.88%	31.82%	-14.94%
Volatility (6M) Calculated over the trailing 6-month period	25.13%	70.20%	-45.07%
Volatility (1Y) Calculated over the trailing 1-year period	45.76%	105.12%	-59.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.22%	110.56%	-65.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.22%	110.56%	-65.34%

Dividends

SMC vs. NBIS - Dividend Comparison

Neither SMC nor NBIS has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SMC and NBIS in my portfolio?

SMC and NBIS have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMC or NBIS?

NBIS has higher volatility (31.82%) compared to SMC (16.88%). In terms of maximum drawdown, SMC dropped -57.33% vs NBIS's -58.27%.

Which has better risk-adjusted returns?

NBIS currently has the higher Sharpe Ratio (5.52 vs 0.31), 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.