SMR vs. ESPO
SMR (NuScale Power Corporation) is a stock, while ESPO (VanEck Vectors Video Gaming and eSports ETF) is Large Cap Growth Equities fund tracking the MVIS Global Video Gaming and eSports Index. Over the past 5 years, SMR returned -0.32%/yr vs 5.49%/yr for ESPO. At a 0.29 correlation, their price movements are largely independent.
Performance
SMR vs. ESPO - 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 ESPO's -15.10% return.
SMR
- 1D
- 3.34%
- 1M
- -17.99%
- YTD
- -30.20%
- 6M
- -46.07%
- 1Y
- -74.52%
- 3Y*
- 5.43%
- 5Y*
- -0.32%
- 10Y*
- —
ESPO
- 1D
- -0.29%
- 1M
- -2.74%
- YTD
- -15.10%
- 6M
- -16.17%
- 1Y
- -14.01%
- 3Y*
- 16.96%
- 5Y*
- 5.49%
- 10Y*
- —
SMR vs. ESPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SMR NuScale Power Corporation | -30.20% | -20.97% | 444.98% | -67.93% | 2.29% | -0.89% | 1.20% |
ESPO VanEck Vectors Video Gaming and eSports ETF | -15.10% | 25.79% | 47.61% | 33.64% | -34.71% | -2.13% | 2.96% |
Correlation
The correlation between SMR and ESPO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020 | 0.29 |
The correlation between SMR and ESPO shifts across timeframes, from 0.29 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SMR vs. ESPO — Risk / Return Rank
SMR
ESPO
SMR vs. ESPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NuScale Power Corporation (SMR) and VanEck Vectors Video Gaming and eSports ETF (ESPO). 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 | ESPO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.88 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.54 | -0.37 |
| Martin ratioReturn relative to average drawdown | -1.32 | -0.94 | -0.38 |
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Drawdowns
SMR vs. ESPO - Drawdown Comparison
The maximum SMR drawdown since its inception was -87.47%, which is greater than ESPO's maximum drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for SMR and ESPO.
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Drawdown Indicators
| SMR | ESPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.47% | -50.99% | -36.48% |
Max Drawdown (1Y)Largest decline over 1 year | -82.86% | -27.81% | -55.05% |
Max Drawdown (3Y)Largest decline over 3 years | -82.86% | -27.81% | -55.05% |
Max Drawdown (5Y)Largest decline over 5 years | -87.47% | -48.33% | -39.14% |
Current DrawdownCurrent decline from peak | -81.49% | -27.19% | -54.30% |
Average DrawdownAverage peak-to-trough decline | -35.08% | -15.06% | -20.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.39% | 15.95% | +41.44% |
Volatility
SMR vs. ESPO - Volatility Comparison
NuScale Power Corporation (SMR) has a higher volatility of 28.93% compared to VanEck Vectors Video Gaming and eSports ETF (ESPO) at 4.42%. This indicates that SMR's price experiences larger fluctuations and is considered to be riskier than ESPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMR | ESPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.93% | 4.42% | +24.51% |
Volatility (6M)Calculated over the trailing 6-month period | 69.57% | 14.67% | +54.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.59% | 18.83% | +83.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.50% | 25.10% | +68.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.31% | 25.71% | +63.60% |
Dividends
SMR vs. ESPO - Dividend Comparison
SMR has not paid dividends to shareholders, while ESPO's dividend yield for the trailing twelve months is around 1.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESPO VanEck Vectors Video Gaming and eSports ETF | 1.47% | 1.24% | 0.44% | 0.96% | 0.91% | 3.36% | 0.12% | 0.22% | 0.04% |
SMR NuScale Power Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMR and ESPO have a correlation of 0.42, 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 ESPO (4.42%). In terms of maximum drawdown, SMR dropped -87.47% vs ESPO's -50.99%.
SMR currently has the higher Sharpe Ratio (-0.74 vs -0.80), 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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