SMR vs. NGD

Last updated Jun 9, 2026

SMR (NuScale Power Corporation) and NGD (New Gold Inc.) are both stocks. SMR operates in Specialty Industrial Machinery (Industrials), while NGD operates in Gold (Basic Materials). At a 0.13 correlation, their price movements are largely independent.

Performance

SMR vs. NGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NuScale Power Corporation (SMR) and New Gold Inc. (NGD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SMR

• 1D: 2.48%
• 1M: -14.26%
• YTD: -24.06%
• 6M: -50.09%
• 1Y: -68.68%
• 3Y*: 10.94%
• 5Y*: 1.52%
• 10Y*: —

NGD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SMR vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SMR NuScale Power Corporation	-24.06%	-20.97%	444.98%	-67.93%	2.29%	-0.89%	1.71%
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-34.67%	-31.51%	2.34%

Correlation

The correlation between SMR and NGD is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020	0.13

Fundamentals

EPS SMR : -$2.02 NGD : $1.61
PS Ratio SMR : 113.60 NGD : 3.30
Total Revenue (TTM) SMR : $18.10M NGD : $1.46B
Gross Profit (TTM) SMR : $4.45M NGD : $758.26M
EBITDA (TTM) SMR : -$696.20M NGD : $1.19B

Return for Risk

SMR vs. NGD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMR

SMR Risk / Return Rank: 13
SMR Sharpe Ratio Rank: 13
SMR Sortino Ratio Rank: 13
SMR Omega Ratio Rank: 16
SMR Calmar Ratio Rank: 10
SMR Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SMR vs. NGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NuScale Power Corporation (SMR) and New Gold Inc. (NGD). 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.

	SMR	NGD	Difference
Sharpe ratio: Return per unit of total volatility	-0.66	—	—
Sortino ratio: Return per unit of downside risk	-0.89	—	—
Omega ratio: Gain probability vs. loss probability	0.91	—	—
Calmar ratio: Return relative to maximum drawdown	-0.83	—	—
Martin ratio: Return relative to average drawdown	-1.22	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SMR	NGD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.66	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	—	—

Drawdowns

Drawdown Indicators

	SMR	NGD	Difference
Max Drawdown Largest peak-to-trough decline	-87.47%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-82.86%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-82.86%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-87.47%	—	—
Current Drawdown Current decline from peak	-79.86%	—	—
Average Drawdown Average peak-to-trough decline	-34.97%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	56.46%	—	—

Volatility

Volatility by Period

	SMR	NGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	69.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	104.37%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.41%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.34%	—	—

Dividends

SMR vs. NGD - Dividend Comparison

Neither SMR nor NGD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SMR and NGD in my portfolio?

SMR and NGD have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.