SMR vs. SHLD
SMR (NuScale Power Corporation) is a stock, while SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index. Over the past year, SMR returned -74.52% vs 8.26% for SHLD. At a 0.33 correlation, their price movements are largely independent.
Performance
SMR vs. SHLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SMR achieves a -30.20% return, which is significantly lower than SHLD's -1.50% return.
SMR
- 1D
- 3.34%
- 1M
- -11.93%
- YTD
- -30.20%
- 6M
- -46.07%
- 1Y
- -74.52%
- 3Y*
- 5.43%
- 5Y*
- -0.32%
- 10Y*
- —
SHLD
- 1D
- -2.04%
- 1M
- 2.37%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 8.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMR vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SMR NuScale Power Corporation | -30.20% | -20.97% | 444.98% | -46.76% |
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between SMR and SHLD is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.33 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SMR vs. SHLD — Risk / Return Rank
SMR
SHLD
SMR vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NuScale Power Corporation (SMR) and Global X Defense Tech ETF (SHLD). 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 | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.09 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 0.52 | -1.43 |
| Martin ratioReturn relative to average drawdown | -1.32 | 1.28 | -2.60 |
Loading charts...
Drawdowns
SMR vs. SHLD - Drawdown Comparison
The maximum SMR drawdown since its inception was -87.47%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for SMR and SHLD.
Loading charts...
Drawdown Indicators
| SMR | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.47% | -20.10% | -67.37% |
Max Drawdown (1Y)Largest decline over 1 year | -82.86% | -20.10% | -62.76% |
Max Drawdown (3Y)Largest decline over 3 years | -82.86% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -87.47% | — | — |
Current DrawdownCurrent decline from peak | -81.49% | -18.20% | -63.29% |
Average DrawdownAverage peak-to-trough decline | -35.08% | -3.34% | -31.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.39% | 8.12% | +49.27% |
Volatility
SMR vs. SHLD - Volatility Comparison
NuScale Power Corporation (SMR) has a higher volatility of 28.93% compared to Global X Defense Tech ETF (SHLD) at 9.05%. This indicates that SMR's price experiences larger fluctuations and is considered to be riskier than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SMR | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.93% | 9.05% | +19.88% |
Volatility (6M)Calculated over the trailing 6-month period | 69.57% | 19.94% | +49.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.59% | 24.55% | +78.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.50% | 21.29% | +72.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.31% | 21.29% | +68.02% |
Dividends
SMR vs. SHLD - Dividend Comparison
SMR has not paid dividends to shareholders, while SHLD's dividend yield for the trailing twelve months is around 0.56%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% |
SMR NuScale Power Corporation | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMR and SHLD have a correlation of 0.39, 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 SHLD (9.05%). In terms of maximum drawdown, SMR dropped -87.47% vs SHLD's -20.10%.
SHLD currently has the higher Sharpe Ratio (0.43 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.
Find the right allocation for SMR and SHLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer