BGM vs SMR: Correlation
BGM Group Ltd. - Class A (BGM) and NuScale Power Corporation (SMR) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGM and SMR?
Across a 3-year window, the weekly returns of BGM and SMR correlate at 0.27, weak. Recent behaviour matches the longer record: 0.19 over 1 year against 0.27 over 3. Stretching to 5 years gives 0.23, with an annualized covariance of 3290.4 %².
Among the 11 assets we track against BGM, SMR ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SMR outperformed by 24.1 percentage points (-96.4% for BGM against -72.3% for SMR).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BGM vs SMR: side by side
| BGM (BGM Group Ltd. - Class A) | SMR (NuScale Power Corporation) | |
|---|---|---|
| 1-year return | -96.4% | -72.3% |
| 5-year return | -98.5% | -3.2% |
| Volatility (ann.) | 101.6% | 119.8% |
| Beta vs S&P 500 | 0.50 | 3.28 |
| Max drawdown (3Y) | -98.5% | -85.8% |
| Market cap | $0.1B | $4.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGM | SMR |
|---|---|---|
| 2022 | -72.1% | – |
| 2023 | +7.5% | -67.9% |
| 2024 | +119.2% | +445.0% |
| 2025 | -56.3% | -21.0% |
| 2026 | -92.1% | -31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGM and SMR good diversifiers for each other?
Reasonably. At 0.27, BGM and SMR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BGM and SMR?
As of 2026-08-27, the correlation of weekly returns between BGM and SMR is 0.27 over 3 years, 0.19 over 1 year and 0.23 over 5 years.
Is SMR a good diversifier for BGM?
Reasonably. At 0.27, BGM and SMR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: BGM correlations · SMR correlations
