SMRF vs. LGRO

Last updated Jul 30, 2026

SMRF (ALPS Nautilus SMR, Nuclear & Technology ETF) and LGRO (Level Four Large Cap Growth Active ETF) are both exchange-traded funds - SMRF is a Actively Managed fund actively managed by ALPS, while LGRO is a Large Cap Growth Equities fund actively managed by ALPS. Both are actively managed. Their 0.47 correlation means their historical movements had little consistent relationship. SMRF charges 0.65%/yr vs 0.50%/yr for LGRO.

Performance

SMRF vs. LGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Nautilus SMR, Nuclear & Technology ETF (SMRF) and Level Four Large Cap Growth Active ETF (LGRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SMRF

• 1D: -4.20%
• 1M: -17.77%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

LGRO

• 1D: -0.90%
• 1M: 1.46%
• 6M: 4.99%
• YTD: 6.99%
• 1Y: 16.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LGRO Level Four Large Cap Growth Active ETF	$157.16K	$367.35K	$320.86K
SMRF ALPS Nautilus SMR, Nuclear & Technology ETF	$245.14K	$273.89K	$363.96K

SMRF vs. LGRO - Yearly Performance Comparison

	2026 (YTD)
SMRF ALPS Nautilus SMR, Nuclear & Technology ETF	-14.01%
LGRO Level Four Large Cap Growth Active ETF	12.31%

Correlation

The correlation between SMRF and LGRO is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.47

SMRF vs. LGRO - Sectors Allocation Comparison

Sectors	SMRF	LGRO
Energy	37.8%	1.9%
Technology	23.4%	52.8%
Industrials	20.6%	2.8%
Utilities	17.3%	-
Communication Services	2.0%	10.3%
Basic Materials	0.3%	-
Financial Services	0.1%	8.7%
Consumer Cyclical	-	13.8%
Consumer Defensive	-	1.5%
Healthcare	-	8.3%
Real Estate	-	-

Return for Risk

SMRF vs. LGRO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SMRF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

LGRO

LGRO Risk / Return Rank: 38
LGRO Sharpe Ratio Rank: 42
LGRO Sortino Ratio Rank: 40
LGRO Omega Ratio Rank: 39
LGRO Calmar Ratio Rank: 33
LGRO Martin Ratio Rank: 34

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SMRF vs. LGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Nautilus SMR, Nuclear & Technology ETF (SMRF) and Level Four Large Cap Growth Active ETF (LGRO). 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.

	SMRF	LGRO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.00	—
Sortino ratio: Return per unit of downside risk	—	1.43	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.08	—
Martin ratio: Return relative to average drawdown	—	3.34	—

Drawdowns

SMRF vs. LGRO - Drawdown Comparison

The maximum SMRF drawdown since its inception was -26.22%, which is greater than LGRO's maximum drawdown of -23.26%. Use the drawdown chart below to compare losses from any high point for SMRF and LGRO.

Drawdown Indicators

	SMRF	LGRO	Difference
Max Drawdown Largest peak-to-trough decline	-26.22%	-23.26%	-2.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.24%	—
Current Drawdown Current decline from peak	-26.22%	-2.92%	-23.30%
Average Drawdown Average peak-to-trough decline	-8.36%	-3.40%	-4.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.90%	—

Volatility

Volatility by Period

	SMRF	LGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	45.15%	16.41%	+28.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.15%	19.16%	+25.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.15%	19.16%	+25.99%

SMRF vs. LGRO - Expense Ratio Comparison

SMRF has a 0.65% expense ratio, which is higher than LGRO's 0.50% expense ratio.

Dividends

SMRF vs. LGRO - Dividend Comparison

SMRF's dividend yield for the trailing twelve months is around 0.65%, more than LGRO's 0.36% yield.

Position	TTM	2025	2024	2023
LGRO Level Four Large Cap Growth Active ETF	0.36%	0.31%	0.39%	0.26%
SMRF ALPS Nautilus SMR, Nuclear & Technology ETF	0.65%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMRF and LGRO in my portfolio?

SMRF and LGRO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMRF or LGRO?

On fees, LGRO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMRF or LGRO?

LGRO is cheaper with a 0.50% expense ratio, compared with 0.65% for SMRF.

Which ETF pays a higher dividend yield, SMRF or LGRO?

SMRF has the higher dividend yield at 0.65%, compared with 0.36% for LGRO.

What is the main difference between SMRF and LGRO?

SMRF is categorized as Actively Managed, while LGRO is Large Cap Growth Equities. Their fees differ too: 0.65% for SMRF and 0.50% for LGRO.