OKLO vs SMR: Correlation
Oklo Inc. (OKLO) and NuScale Power Corporation (SMR) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OKLO and SMR?
Across a 3-year window, the weekly returns of OKLO and SMR correlate at 0.55, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.79 versus 0.55 over 3 years. Stretching to 5 years gives 0.54, with an annualized covariance of 7801.2 %².
Few assets follow OKLO as closely as SMR, which ranks #3 of 13 tracked partners. Correlation aside, the last 12 months split them widely, with OKLO ahead by 30.4 points (-41.9% versus -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.
OKLO vs SMR: side by side
| OKLO (Oklo Inc.) | SMR (NuScale Power Corporation) | |
|---|---|---|
| 1-year return | -41.9% | -72.3% |
| 5-year return | +332.7% | -3.2% |
| Volatility (ann.) | 117.9% | 119.8% |
| Beta vs S&P 500 | 2.21 | 3.28 |
| Max drawdown (3Y) | -78.8% | -85.8% |
| Market cap | $7.9B | $4.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OKLO | SMR |
|---|---|---|
| 2022 | +0.7% | – |
| 2023 | +6.5% | -67.9% |
| 2024 | +101.0% | +445.0% |
| 2025 | +238.0% | -21.0% |
| 2026 | -40.7% | -31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OKLO and SMR good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between OKLO and SMR?
The OKLO/SMR correlation stands at 0.55 on a 3-year window (1 year: 0.79, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is SMR a good diversifier for OKLO?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/oklo-vs-smr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/oklo-vs-smr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OKLO correlations · SMR correlations
