SMR vs. SMH
SMR (NuScale Power Corporation) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 5 years, SMR returned -0.32%/yr vs 38.42%/yr for SMH. At a 0.29 correlation, their price movements are largely independent.
Performance
SMR vs. SMH - 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 SMH's 72.15% return.
SMR
- 1D
- 3.34%
- 1M
- -17.31%
- YTD
- -30.20%
- 6M
- -46.07%
- 1Y
- -75.51%
- 3Y*
- 5.43%
- 5Y*
- -0.32%
- 10Y*
- —
SMH
- 1D
- 1.72%
- 1M
- 8.30%
- YTD
- 72.15%
- 6M
- 75.62%
- 1Y
- 136.32%
- 3Y*
- 60.05%
- 5Y*
- 38.42%
- 10Y*
- 37.49%
SMR vs. SMH - 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% |
SMH VanEck Semiconductor ETF | 72.15% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | -0.45% |
Correlation
The correlation between SMR and SMH is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020 | 0.30 |
The correlation between SMR and SMH shifts across timeframes, from 0.29 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SMR vs. SMH — Risk / Return Rank
SMR
SMH
SMR vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NuScale Power Corporation (SMR) and VanEck Semiconductor ETF (SMH). 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 | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.87 | ||
| Sortino ratioReturn per unit of downside risk | -5.51 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.60 | -0.73 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 9.18 | -10.10 |
| Martin ratioReturn relative to average drawdown | -1.32 | 33.74 | -35.05 |
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Drawdowns
SMR vs. SMH - Drawdown Comparison
The maximum SMR drawdown since its inception was -87.47%, roughly equal to the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for SMR and SMH.
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Drawdown Indicators
| SMR | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.47% | -84.96% | -2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -82.86% | -14.93% | -67.93% |
Max Drawdown (3Y)Largest decline over 3 years | -82.86% | -35.74% | -47.12% |
Max Drawdown (5Y)Largest decline over 5 years | -87.47% | -45.30% | -42.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -81.49% | -2.81% | -78.68% |
Average DrawdownAverage peak-to-trough decline | -35.08% | -41.04% | +5.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.39% | 4.06% | +53.33% |
Volatility
SMR vs. SMH - Volatility Comparison
NuScale Power Corporation (SMR) has a higher volatility of 28.93% compared to VanEck Semiconductor ETF (SMH) at 16.25%. This indicates that SMR's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMR | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.93% | 16.25% | +12.68% |
Volatility (6M)Calculated over the trailing 6-month period | 69.57% | 27.73% | +41.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.59% | 33.20% | +69.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.50% | 35.47% | +58.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.31% | 32.82% | +56.49% |
Dividends
SMR vs. SMH - Dividend Comparison
SMR has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 0.18% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
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 SMH have a correlation of 0.44, 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 SMH (16.25%). In terms of maximum drawdown, SMR dropped -87.47% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (4.13 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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