Compare/Updated Oct 26, 2026, refreshed every trading day
OKLO vs SMR
Oklo Inc. against NuScale Power Corporation: 2 years of returns, risk and today’s technical read, from Kavout’s own data.
OKLO did better over the 621-trading-day period: $1,000 invested on May 3, 2024 grew to $1,777, compared with $873 for SMR. OKLO’s cumulative return was therefore 77.7 percentage points better, although both stocks suffered severe recent declines. Over the past year, OKLO returned -78.1% versus -84.5% for SMR, while its worst drawdown was -84.9%, less severe than SMR’s -89.9%. OKLO also had slightly lower 12-month volatility at 92.3%, compared with 95.8% for SMR. The stocks remained closely related, with 12-month daily-move correlation of 0.839, but neither consistently outperformed monthly: OKLO led in 15 of the last 29 months and SMR in 14. The takeaway is that OKLO delivered materially better cumulative performance with marginally lower risk, but both remain highly volatile and exposed to substantial drawdowns.
- Price is below its 200-day average ($56); 50-day at $37.
- RSI 27, oversold. Supertrend says sell. ADX 27, so the trend is strong.
- Price is below its 200-day average ($11); 50-day at $8.
- RSI 26, oversold. Supertrend says sell. ADX 36, so the trend is strong.
Head to head
Which has returned more, OKLO or SMR?
OKLO beat SMR in 15 of the last 29 months; SMR won the other 14. The typical monthly gap was 12.41 points.
Total return by period
Which is riskier?
OKLO: Oct 14, 2025 to Oct 23, 2026; SMR: Oct 15, 2025 to Oct 22, 2026
- 0.694
- correlation of daily moves, 2 years
- 0.78
- OKLO move per 1% in SMR
- 0.839
- correlation, last 12 months
Month by month
Of the last 29 months. The typical gap was 12.41 points.
When did they diverge?
| Month | OKLO | SMR | Gap |
|---|---|---|---|
| October 2024 | +177.6% | +65.3% | +112.34 pts |
| January 2025 | +96.0% | +33.0% | +63.03 pts |
| November 2024 | +4.8% | +54.9% | -50.10 pts |
| June 2024 | -15.9% | +33.9% | -49.79 pts |
Where the numbers come from. 621 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with OKLO and SMR?
- Price
- $26.35
- Price
- $5.38
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