SMR vs. TSLR
SMR (NuScale Power Corporation) is a stock, while TSLR (GraniteShares 2x Long TSLA Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. Over the past year, SMR returned -75.51% vs 19.41% for TSLR. At a 0.34 correlation, their price movements are largely independent.
Performance
SMR vs. TSLR - 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 TSLR's -27.58% return.
SMR
- 1D
- 3.34%
- 1M
- -17.31%
- YTD
- -30.20%
- 6M
- -46.07%
- 1Y
- -75.51%
- 3Y*
- 5.43%
- 5Y*
- -0.32%
- 10Y*
- —
TSLR
- 1D
- 3.62%
- 1M
- -19.09%
- YTD
- -27.58%
- 6M
- -31.37%
- 1Y
- 19.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMR vs. TSLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SMR NuScale Power Corporation | -30.20% | -20.97% | 444.98% | -49.62% |
TSLR GraniteShares 2x Long TSLA Daily ETF | -27.58% | -25.97% | 67.57% | 1.69% |
Correlation
The correlation between SMR and TSLR is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023 | 0.34 |
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Return for Risk
SMR vs. TSLR — Risk / Return Rank
SMR
TSLR
SMR vs. TSLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NuScale Power Corporation (SMR) and GraniteShares 2x Long TSLA Daily ETF (TSLR). 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 | TSLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.11 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 0.36 | -1.27 |
| Martin ratioReturn relative to average drawdown | -1.32 | 0.73 | -2.04 |
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Drawdowns
SMR vs. TSLR - Drawdown Comparison
The maximum SMR drawdown since its inception was -87.47%, which is greater than TSLR's maximum drawdown of -82.80%. Use the drawdown chart below to compare losses from any high point for SMR and TSLR.
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Drawdown Indicators
| SMR | TSLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.47% | -82.80% | -4.67% |
Max Drawdown (1Y)Largest decline over 1 year | -82.86% | -54.37% | -28.49% |
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% | -62.94% | -18.55% |
Average DrawdownAverage peak-to-trough decline | -35.08% | -50.31% | +15.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.39% | 26.72% | +30.67% |
Volatility
SMR vs. TSLR - Volatility Comparison
NuScale Power Corporation (SMR) and GraniteShares 2x Long TSLA Daily ETF (TSLR) have volatilities of 28.93% and 28.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMR | TSLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.93% | 28.92% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 69.57% | 57.66% | +11.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.59% | 89.10% | +13.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.50% | 115.61% | -22.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.31% | 115.61% | -26.30% |
Dividends
SMR vs. TSLR - Dividend Comparison
Neither SMR nor TSLR has paid dividends to shareholders.
Frequently Asked Questions
SMR and TSLR have a correlation of 0.38, 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 TSLR (28.92%). In terms of maximum drawdown, SMR dropped -87.47% vs TSLR's -82.80%.
TSLR currently has the higher Sharpe Ratio (0.22 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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