LEU vs SMR: Correlation
Centrus Energy Corp. (LEU) and NuScale Power Corporation (SMR) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEU and SMR?
Across a 3-year window, the weekly returns of LEU and SMR correlate at 0.48, moderate. The past 12 months show a tighter link (0.72) than the 3-year average (0.48). Stretching to 5 years gives 0.45, with an annualized covariance of 4878.8 %².
Among the 14 assets we track against LEU, SMR ranks #6 by 3-year correlation. The last year tells two different stories: LEU led by 70.5 percentage points, -1.8% for LEU 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.
LEU vs SMR: side by side
| LEU (Centrus Energy Corp.) | SMR (NuScale Power Corporation) | |
|---|---|---|
| 1-year return | -1.8% | -72.3% |
| 5-year return | +636.7% | -3.2% |
| Volatility (ann.) | 84.8% | 119.8% |
| Beta vs S&P 500 | 1.67 | 3.28 |
| Max drawdown (3Y) | -66.4% | -85.8% |
| Market cap | $3.9B | $4.0B |
| P/E (trailing) | 98.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LEU | SMR |
|---|---|---|
| 2022 | -34.9% | – |
| 2023 | +67.5% | -67.9% |
| 2024 | +22.4% | +445.0% |
| 2025 | +264.4% | -21.0% |
| 2026 | -19.8% | -31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEU and SMR good diversifiers for each other?
Reasonably. At 0.48, LEU and SMR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LEU and SMR?
As of 2026-08-27, the correlation of weekly returns between LEU and SMR is 0.48 over 3 years, 0.72 over 1 year and 0.45 over 5 years.
Is SMR a good diversifier for LEU?
Reasonably. At 0.48, LEU and SMR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: LEU correlations · SMR correlations
