SMR vs. NLR
SMR (NuScale Power Corporation) is a stock, while NLR (VanEck Uranium and Nuclear ETF) is Uranium fund tracking the MVIS Global Uranium & Nuclear Energy Index. Over the past 5 years, SMR returned 2.37%/yr vs 21.55%/yr for NLR. At a 0.50 correlation, their price movements are largely independent.
Performance
SMR vs. NLR - Performance Comparison
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Returns By Period
In the year-to-date period, SMR achieves a -20.68% return, which is significantly lower than NLR's 0.28% return.
SMR
- 1D
- -4.26%
- 1M
- -1.40%
- YTD
- -20.68%
- 6M
- -31.59%
- 1Y
- -69.78%
- 3Y*
- 15.63%
- 5Y*
- 2.37%
- 10Y*
- —
NLR
- 1D
- -1.88%
- 1M
- -4.81%
- YTD
- 0.28%
- 6M
- -2.76%
- 1Y
- 19.25%
- 3Y*
- 32.30%
- 5Y*
- 21.55%
- 10Y*
- 13.17%
SMR vs. NLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SMR NuScale Power Corporation | -20.68% | -20.97% | 444.98% | -67.93% | 2.29% | -0.89% | 1.20% |
NLR VanEck Uranium and Nuclear ETF | 0.28% | 56.50% | 14.26% | 36.67% | 2.29% | 13.63% | 3.68% |
Correlation
The correlation between SMR and NLR is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020 | 0.50 |
Over the past year, SMR and NLR have become more correlated (0.76) than their long-term average of 0.50, meaning their price movements have been converging.
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Return for Risk
SMR vs. NLR — Risk / Return Rank
SMR
NLR
SMR vs. NLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NuScale Power Corporation (SMR) and VanEck Uranium and Nuclear ETF (NLR). 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 | NLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.11 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 0.65 | -1.49 |
| Martin ratioReturn relative to average drawdown | -1.19 | 1.40 | -2.60 |
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Drawdowns
SMR vs. NLR - Drawdown Comparison
The maximum SMR drawdown since its inception was -87.47%, which is greater than NLR's maximum drawdown of -65.05%. Use the drawdown chart below to compare losses from any high point for SMR and NLR.
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Drawdown Indicators
| SMR | NLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.47% | -65.05% | -22.42% |
Max Drawdown (1Y)Largest decline over 1 year | -82.86% | -29.72% | -53.14% |
Max Drawdown (3Y)Largest decline over 3 years | -82.86% | -30.48% | -52.38% |
Max Drawdown (5Y)Largest decline over 5 years | -87.47% | -30.48% | -56.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.35% | — |
Current DrawdownCurrent decline from peak | -78.96% | -24.23% | -54.73% |
Average DrawdownAverage peak-to-trough decline | -35.24% | -35.69% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 58.47% | 13.74% | +44.73% |
Volatility
SMR vs. NLR - Volatility Comparison
NuScale Power Corporation (SMR) has a higher volatility of 32.27% compared to VanEck Uranium and Nuclear ETF (NLR) at 13.63%. This indicates that SMR's price experiences larger fluctuations and is considered to be riskier than NLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMR | NLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.27% | 13.63% | +18.64% |
Volatility (6M)Calculated over the trailing 6-month period | 69.62% | 33.02% | +36.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.52% | 42.85% | +60.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.93% | 29.62% | +64.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.48% | 24.27% | +65.21% |
Dividends
SMR vs. NLR - Dividend Comparison
SMR has not paid dividends to shareholders, while NLR's dividend yield for the trailing twelve months is around 2.54%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NLR VanEck Uranium and Nuclear ETF | 2.54% | 2.55% | 0.76% | 4.54% | 2.02% | 1.99% | 2.23% | 2.21% | 3.91% | 4.86% | 3.62% | 3.30% |
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 NLR have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMR has higher volatility (32.27%) compared to NLR (13.63%). In terms of maximum drawdown, SMR dropped -87.47% vs NLR's -65.05%.
NLR currently has the higher Sharpe Ratio (0.45 vs -0.68), 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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