LTBR vs SMR: Correlation
Measured on weekly returns over the past three years, Lightbridge Corporation (LTBR) and NuScale Power Corporation (SMR) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LTBR and SMR?
Over the past 3 years, LTBR and SMR moved with a correlation of 0.48, which is moderate. The past 12 months show a tighter link (0.74) than the 3-year average (0.48). Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 6406.6 %².
Among the 21 assets we track against LTBR, SMR ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LTBR outperformed by 24.7 percentage points (-47.6% for LTBR 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.
LTBR vs SMR: side by side
| LTBR (Lightbridge Corporation) | SMR (NuScale Power Corporation) | |
|---|---|---|
| 1-year return | -47.6% | -72.3% |
| 5-year return | +32.0% | -3.2% |
| Volatility (ann.) | 111.3% | 119.8% |
| Beta vs S&P 500 | 2.17 | 3.28 |
| Max drawdown (3Y) | -74.0% | -85.8% |
| Market cap | $0.3B | $4.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LTBR | SMR |
|---|---|---|
| 2022 | -41.3% | – |
| 2023 | -17.5% | -67.9% |
| 2024 | +47.4% | +445.0% |
| 2025 | +167.2% | -21.0% |
| 2026 | -35.4% | -31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LTBR and SMR good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LTBR and SMR?
The LTBR/SMR correlation stands at 0.48 on a 3-year window (1 year: 0.74, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is SMR a good diversifier for LTBR?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: LTBR correlations · SMR correlations
