SMH vs. SMR
SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index, while SMR (NuScale Power Corporation) is a stock. Over the past 5 years, SMH returned 38.42%/yr vs -0.32%/yr for SMR. At a 0.29 correlation, their price movements are largely independent.
Performance
SMH vs. SMR - Performance Comparison
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Returns By Period
In the year-to-date period, SMH achieves a 72.15% return, which is significantly higher than SMR's -30.20% return.
SMH
- 1D
- 1.72%
- 1M
- 8.30%
- YTD
- 72.15%
- 6M
- 75.62%
- 1Y
- 136.32%
- 3Y*
- 60.05%
- 5Y*
- 38.42%
- 10Y*
- 37.49%
SMR
- 1D
- 3.34%
- 1M
- -17.31%
- YTD
- -30.20%
- 6M
- -46.07%
- 1Y
- -75.51%
- 3Y*
- 5.43%
- 5Y*
- -0.32%
- 10Y*
- —
SMH vs. SMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 72.15% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | -0.45% |
SMR NuScale Power Corporation | -30.20% | -20.97% | 444.98% | -67.93% | 2.29% | -0.89% | 1.20% |
Correlation
The correlation between SMH and SMR is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020 | 0.30 |
The correlation between SMH and SMR shifts across timeframes, from 0.29 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SMH vs. SMR — Risk / Return Rank
SMH
SMR
SMH vs. SMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) 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.
| SMH | SMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.87 | ||
| Sortino ratioReturn per unit of downside risk | +5.51 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 0.87 | +0.73 |
| Calmar ratioReturn relative to maximum drawdown | 9.18 | -0.91 | +10.10 |
| Martin ratioReturn relative to average drawdown | 33.74 | -1.32 | +35.05 |
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Drawdowns
SMH vs. SMR - Drawdown Comparison
The maximum SMH drawdown since its inception was -84.96%, roughly equal to the maximum SMR drawdown of -87.47%. Use the drawdown chart below to compare losses from any high point for SMH and SMR.
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Drawdown Indicators
| SMH | SMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.96% | -87.47% | +2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -82.86% | +67.93% |
Max Drawdown (3Y)Largest decline over 3 years | -35.74% | -82.86% | +47.12% |
Max Drawdown (5Y)Largest decline over 5 years | -45.30% | -87.47% | +42.17% |
Max Drawdown (10Y)Largest decline over 10 years | -45.30% | — | — |
Current DrawdownCurrent decline from peak | -2.81% | -81.49% | +78.68% |
Average DrawdownAverage peak-to-trough decline | -41.04% | -35.08% | -5.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 57.39% | -53.33% |
Volatility
SMH vs. SMR - Volatility Comparison
The current volatility for VanEck Semiconductor ETF (SMH) is 16.25%, while NuScale Power Corporation (SMR) has a volatility of 28.93%. This indicates that SMH 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
| SMH | SMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.25% | 28.93% | -12.68% |
Volatility (6M)Calculated over the trailing 6-month period | 27.73% | 69.57% | -41.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.20% | 102.59% | -69.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.47% | 93.50% | -58.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.82% | 89.31% | -56.49% |
Dividends
SMH vs. SMR - Dividend Comparison
SMH's dividend yield for the trailing twelve months is around 0.18%, while SMR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 0.18% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
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
SMH and SMR have a correlation of 0.44, 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 SMH (16.25%). In terms of maximum drawdown, SMH dropped -84.96% vs SMR's -87.47%.
SMH currently has the higher Sharpe Ratio (4.13 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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