SMR vs. ARKX
SMR (NuScale Power Corporation) is a stock, while ARKX (ARK Space Exploration & Innovation ETF) is Aerospace & Defense fund actively managed by ARK. Over the past 5 years, SMR returned -0.32%/yr vs 10.38%/yr for ARKX. At a 0.45 correlation, their price movements are largely independent.
Performance
SMR vs. ARKX - Performance Comparison
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Returns By Period
In the year-to-date period, SMR achieves a -30.20% return, which is significantly lower than ARKX's 16.56% return.
SMR
- 1D
- 3.34%
- 1M
- -17.99%
- YTD
- -30.20%
- 6M
- -46.07%
- 1Y
- -74.52%
- 3Y*
- 5.43%
- 5Y*
- -0.32%
- 10Y*
- —
ARKX
- 1D
- -1.94%
- 1M
- -3.79%
- YTD
- 16.56%
- 6M
- 17.78%
- 1Y
- 55.81%
- 3Y*
- 31.55%
- 5Y*
- 10.38%
- 10Y*
- —
SMR vs. ARKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SMR NuScale Power Corporation | -30.20% | -20.97% | 444.98% | -67.93% | 2.29% | -0.20% |
ARKX ARK Space Exploration & Innovation ETF | 16.56% | 48.46% | 26.67% | 24.37% | -34.27% | -8.05% |
Correlation
The correlation between SMR and ARKX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.45 |
The correlation between SMR and ARKX shifts across timeframes, from 0.45 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SMR vs. ARKX — Risk / Return Rank
SMR
ARKX
SMR vs. ARKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NuScale Power Corporation (SMR) and ARK Space Exploration & Innovation ETF (ARKX). 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.
| SMR | ARKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -3.40 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.26 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 2.61 | -3.52 |
| Martin ratioReturn relative to average drawdown | -1.32 | 6.87 | -8.18 |
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Drawdowns
SMR vs. ARKX - Drawdown Comparison
The maximum SMR drawdown since its inception was -87.47%, which is greater than ARKX's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for SMR and ARKX.
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Drawdown Indicators
| SMR | ARKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.47% | -43.61% | -43.86% |
Max Drawdown (1Y)Largest decline over 1 year | -82.86% | -20.42% | -62.44% |
Max Drawdown (3Y)Largest decline over 3 years | -82.86% | -25.47% | -57.39% |
Max Drawdown (5Y)Largest decline over 5 years | -87.47% | -43.61% | -43.86% |
Current DrawdownCurrent decline from peak | -81.49% | -10.49% | -71.00% |
Average DrawdownAverage peak-to-trough decline | -35.08% | -19.92% | -15.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.39% | 7.74% | +49.65% |
Volatility
SMR vs. ARKX - Volatility Comparison
NuScale Power Corporation (SMR) has a higher volatility of 28.93% compared to ARK Space Exploration & Innovation ETF (ARKX) at 12.77%. This indicates that SMR's price experiences larger fluctuations and is considered to be riskier than ARKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMR | ARKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.93% | 12.77% | +16.16% |
Volatility (6M)Calculated over the trailing 6-month period | 69.57% | 26.51% | +43.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.59% | 33.50% | +69.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.50% | 28.02% | +65.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.31% | 27.65% | +61.66% |
Dividends
SMR vs. ARKX - Dividend Comparison
Neither SMR nor ARKX has paid dividends to shareholders.
Frequently Asked Questions
SMR and ARKX have a correlation of 0.62, 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 ARKX (12.77%). In terms of maximum drawdown, SMR dropped -87.47% vs ARKX's -43.61%.
ARKX currently has the higher Sharpe Ratio (1.59 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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