SMR vs. SGOV
SMR (NuScale Power Corporation) is a stock, while SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, SMR returned -5.02%/yr vs 3.63%/yr for SGOV. At a correlation of -0.05, they often move in opposite directions.
Performance
SMR vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, SMR achieves a -45.52% return, which is significantly lower than SGOV's 1.98% return.
SMR
- 1D
- 1.05%
- 1M
- -25.34%
- 6M
- -61.76%
- YTD
- -45.52%
- 1Y
- -83.51%
- 3Y*
- -0.56%
- 5Y*
- -5.02%
- 10Y*
- —
SGOV
- 1D
- 0.03%
- 1M
- 0.32%
- 6M
- 1.79%
- YTD
- 1.98%
- 1Y
- 3.89%
- 3Y*
- 4.67%
- 5Y*
- 3.63%
- 10Y*
- —
SMR vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SMR NuScale Power Corporation | -45.52% | -20.97% | 444.98% | -67.93% | 2.29% | -0.89% | 1.20% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.98% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.01% |
Correlation
The correlation between SMR and SGOV is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020 | -0.05 |
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Return for Risk
SMR vs. SGOV — Risk / Return Rank
SMR
SGOV
SMR vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NuScale Power Corporation (SMR) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.72 | ||
| Sortino ratioReturn per unit of downside risk | -386.65 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 385.05 | -384.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 393.03 | -394.00 |
| Martin ratioReturn relative to average drawdown | -1.34 | 6,226.73 | -6,228.07 |
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Drawdowns
SMR vs. SGOV - Drawdown Comparison
The maximum SMR drawdown since its inception was -87.47%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for SMR and SGOV.
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Drawdown Indicators
| SMR | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.47% | -0.03% | -87.44% |
Max Drawdown (1Y)Largest decline over 1 year | -85.70% | -0.01% | -85.69% |
Max Drawdown (3Y)Largest decline over 3 years | -85.70% | -0.01% | -85.69% |
Max Drawdown (5Y)Largest decline over 5 years | -87.47% | -0.03% | -87.44% |
Current DrawdownCurrent decline from peak | -85.55% | 0.00% | -85.55% |
Average DrawdownAverage peak-to-trough decline | -35.85% | -0.00% | -35.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 62.41% | 0.00% | +62.41% |
Volatility
SMR vs. SGOV - Volatility Comparison
NuScale Power Corporation (SMR) has a higher volatility of 22.33% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that SMR's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMR | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.33% | 0.05% | +22.28% |
Volatility (6M)Calculated over the trailing 6-month period | 67.33% | 0.13% | +67.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 100.50% | 0.19% | +100.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.21% | 0.24% | +93.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.20% | 0.24% | +88.96% |
Dividends
SMR vs. SGOV - Dividend Comparison
SMR has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 3.80% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
SMR NuScale Power Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMR and SGOV have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMR has higher volatility (22.33%) compared to SGOV (0.05%). In terms of maximum drawdown, SMR dropped -87.47% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.89 vs -0.83), 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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