SMR vs. KCE
SMR (NuScale Power Corporation) is a stock, while KCE (SPDR S&P Capital Markets ETF) is Financials Equities fund tracking the S&P Capital Markets Select Industry Index. Over the past 5 years, SMR returned -0.32%/yr vs 12.87%/yr for KCE. At a 0.34 correlation, their price movements are largely independent.
Performance
SMR vs. KCE - 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 KCE's 3.66% return.
SMR
- 1D
- 3.34%
- 1M
- -17.31%
- YTD
- -30.20%
- 6M
- -46.07%
- 1Y
- -75.51%
- 3Y*
- 5.43%
- 5Y*
- -0.32%
- 10Y*
- —
KCE
- 1D
- 1.60%
- 1M
- 1.26%
- YTD
- 3.66%
- 6M
- 2.73%
- 1Y
- 14.27%
- 3Y*
- 24.58%
- 5Y*
- 12.87%
- 10Y*
- 17.65%
SMR vs. KCE - 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% |
KCE SPDR S&P Capital Markets ETF | 3.66% | 10.76% | 37.51% | 32.04% | -22.14% | 40.05% | 2.39% |
Correlation
The correlation between SMR and KCE 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 | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020 | 0.34 |
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Return for Risk
SMR vs. KCE — Risk / Return Rank
SMR
KCE
SMR vs. KCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NuScale Power Corporation (SMR) and SPDR S&P Capital Markets ETF (KCE). 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 | KCE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.13 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 0.82 | -1.74 |
| Martin ratioReturn relative to average drawdown | -1.32 | 2.14 | -3.45 |
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Drawdowns
SMR vs. KCE - Drawdown Comparison
The maximum SMR drawdown since its inception was -87.47%, which is greater than KCE's maximum drawdown of -74.00%. Use the drawdown chart below to compare losses from any high point for SMR and KCE.
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Drawdown Indicators
| SMR | KCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.47% | -74.00% | -13.47% |
Max Drawdown (1Y)Largest decline over 1 year | -82.86% | -17.44% | -65.42% |
Max Drawdown (3Y)Largest decline over 3 years | -82.86% | -26.31% | -56.55% |
Max Drawdown (5Y)Largest decline over 5 years | -87.47% | -34.45% | -53.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.78% | — |
Current DrawdownCurrent decline from peak | -81.49% | -3.75% | -77.74% |
Average DrawdownAverage peak-to-trough decline | -35.08% | -22.78% | -12.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.39% | 6.70% | +50.69% |
Volatility
SMR vs. KCE - Volatility Comparison
NuScale Power Corporation (SMR) has a higher volatility of 28.93% compared to SPDR S&P Capital Markets ETF (KCE) at 6.04%. This indicates that SMR's price experiences larger fluctuations and is considered to be riskier than KCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMR | KCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.93% | 6.04% | +22.89% |
Volatility (6M)Calculated over the trailing 6-month period | 69.57% | 15.31% | +54.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.59% | 20.12% | +82.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.50% | 23.08% | +70.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.31% | 23.10% | +66.21% |
Dividends
SMR vs. KCE - Dividend Comparison
SMR has not paid dividends to shareholders, while KCE's dividend yield for the trailing twelve months is around 1.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KCE SPDR S&P Capital Markets ETF | 1.67% | 1.63% | 1.56% | 1.82% | 2.42% | 1.53% | 2.20% | 2.32% | 2.67% | 1.95% | 2.30% | 2.43% |
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 KCE 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 KCE (6.04%). In terms of maximum drawdown, SMR dropped -87.47% vs KCE's -74.00%.
KCE currently has the higher Sharpe Ratio (0.71 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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