SMR vs. IAI
SMR (NuScale Power Corporation) is a stock, while IAI (iShares U.S. Broker-Dealers & Securities Exchanges ETF) is Financials Equities fund tracking the DJ US Select / Investment Services. Over the past 5 years, SMR returned -0.32%/yr vs 14.44%/yr for IAI. At a 0.33 correlation, their price movements are largely independent.
Performance
SMR vs. IAI - 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 IAI's 3.17% return.
SMR
- 1D
- 3.34%
- 1M
- -17.31%
- YTD
- -30.20%
- 6M
- -46.07%
- 1Y
- -75.51%
- 3Y*
- 5.43%
- 5Y*
- -0.32%
- 10Y*
- —
IAI
- 1D
- 1.83%
- 1M
- 3.22%
- YTD
- 3.17%
- 6M
- 2.78%
- 1Y
- 19.26%
- 3Y*
- 28.06%
- 5Y*
- 14.44%
- 10Y*
- 19.37%
SMR vs. IAI - 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% |
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 3.17% | 25.80% | 34.37% | 15.27% | -10.87% | 40.48% | 5.31% |
Correlation
The correlation between SMR and IAI is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020 | 0.33 |
The correlation between SMR and IAI shifts across timeframes, from 0.33 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SMR vs. IAI — Risk / Return Rank
SMR
IAI
SMR vs. IAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NuScale Power Corporation (SMR) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI). 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 | IAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.18 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 1.17 | -2.08 |
| Martin ratioReturn relative to average drawdown | -1.32 | 3.33 | -4.64 |
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Drawdowns
SMR vs. IAI - Drawdown Comparison
The maximum SMR drawdown since its inception was -87.47%, which is greater than IAI's maximum drawdown of -75.46%. Use the drawdown chart below to compare losses from any high point for SMR and IAI.
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Drawdown Indicators
| SMR | IAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.47% | -75.46% | -12.01% |
Max Drawdown (1Y)Largest decline over 1 year | -82.86% | -16.52% | -66.34% |
Max Drawdown (3Y)Largest decline over 3 years | -82.86% | -23.14% | -59.72% |
Max Drawdown (5Y)Largest decline over 5 years | -87.47% | -28.84% | -58.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.38% | — |
Current DrawdownCurrent decline from peak | -81.49% | -2.81% | -78.68% |
Average DrawdownAverage peak-to-trough decline | -35.08% | -22.63% | -12.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.39% | 5.80% | +51.59% |
Volatility
SMR vs. IAI - Volatility Comparison
NuScale Power Corporation (SMR) has a higher volatility of 28.93% compared to iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) at 5.98%. This indicates that SMR's price experiences larger fluctuations and is considered to be riskier than IAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMR | IAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.93% | 5.98% | +22.95% |
Volatility (6M)Calculated over the trailing 6-month period | 69.57% | 15.34% | +54.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.59% | 19.44% | +83.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.50% | 21.48% | +72.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.31% | 22.85% | +66.46% |
Dividends
SMR vs. IAI - Dividend Comparison
SMR has not paid dividends to shareholders, while IAI's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 1.05% | 0.95% | 1.05% | 1.80% | 2.14% | 1.31% | 1.55% | 1.52% | 1.58% | 1.37% | 1.49% | 1.31% |
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
SMR and IAI have a correlation of 0.46, 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 IAI (5.98%). In terms of maximum drawdown, SMR dropped -87.47% vs IAI's -75.46%.
IAI currently has the higher Sharpe Ratio (1.00 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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