HTCR vs SMR: Correlation
Measured on weekly returns over the past three years, Heartcore Enterprises, Inc. (HTCR) and NuScale Power Corporation (SMR) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTCR and SMR?
On 3 years of weekly data the HTCR/SMR correlation comes out at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 4039.7 %².
Among the 12 assets we track against HTCR, SMR ranks #5 by 3-year correlation. On 12-month performance SMR holds a 14.4-point edge, -86.7% against -72.3%.
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.
HTCR vs SMR: side by side
| HTCR (Heartcore Enterprises, Inc.) | SMR (NuScale Power Corporation) | |
|---|---|---|
| 1-year return | -86.7% | -72.3% |
| 5-year return | -96.7% | -3.2% |
| Volatility (ann.) | 97.6% | 119.8% |
| Beta vs S&P 500 | 1.26 | 3.28 |
| Max drawdown (3Y) | -95.7% | -85.8% |
| Market cap | – | $4.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTCR | SMR |
|---|---|---|
| 2023 | -29.9% | -67.9% |
| 2024 | +199.2% | +445.0% |
| 2025 | -80.3% | -21.0% |
| 2026 | -56.6% | -31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTCR and SMR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HTCR and SMR?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.28 over the last year and 0.24 over 5 years.
Is SMR a good diversifier for HTCR?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 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: HTCR correlations · SMR correlations
