Content and data provided by various third parties and Fidelity − Terms of Use | Help/Glossary
Research > ETFs > ETF / ETP Commentary > 

Long-Term Outlook Brightens for This Nuclear ETF

BY | ETF Database
6:10 am ET 06/24/26 | 28 VIEWS
Small nuclear reactors may be small in size, but the market for these generators of nuclear power is anything but diminutive. That’s good news for a variety of stocks and ETFs. The ALPS Nautilus SMR, Nuclear & Technology ETF (SMRF) is certainly part of that conversation.SMRF, which debuted in February, is up more than 11% year-to-date. That’s impressive when considering it missed out on about 1.5 months of market action. Good news: There’s still time for upside with this ETF. Encouraging fundamentals support its long-term trajectory. “The global small nuclear reactor market size accounted for USD 7.49 billion in 2025 and is predicted to increase from USD 8.16 billion in 2026 to approximately USD 17.37 billion by 2035, expanding at a CAGR of 8.78% from 2026 to 2035,” noted Precedence Research. “The small nuclear reactor market is driven by rising demand for clean, reliable energy, advancements in modular reactor technology, and increasing government support for low-carbon power generation.”Understanding the Appeal of SMRFIn the essence of clarity, SMRF isn’t a dedicated nuclear ETF. However, it holds uranium miners, companies engaged in the production of nuclear modules and reactors and power generators. The ALPS ETF is also unique among peers in that it touches a lot of high-tech bases. Indeed, some well-known semiconductor equities rest among its holdings. So, SMRF has credible artificial intelligence (AI) inroads. That’s relevant because many cite the AI boom as a catalyst for nuclear. However, rising industrial demand and its status as an inexpensive, reliable form of clean energy have rejuvenated nuclear power, too. “The market is witnessing steady growth, driven by evolving consumer preferences and ongoing technological advancements,” added Precedence. “Expanding distribution networks, along with rising investments in innovation and digital integration, are enabling businesses to enhance productivity and broaden their customer base. Additionally, supportive regulatory frameworks and growing end-user awareness are further accelerating market expansion.” Regarding the small module reactors (SMRs) that some SMRF member firms produce, AI is important. But there’s a broader total addressable market, and that’s a good thing for prospective investors. “The government & defense segment held a 20% market share in 2025 due to the need for secure, reliable, and independent power sources for military bases, remote installations, and strategic facilities. SMRs offer a compact and resilient energy solution that can operate off-grid, ensuring energy security during emergencies or in isolated locations,” concluded Precedence. For more news, information, and analysis, visit the ETF Building Blocks Content Hub. VettaFi LLC (“VettaFi”) is the index provider for SMRF, for which it receives an index licensing fee. However, SMRF are not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of SMRF.

More Commentary

How IBUY Taps Into Prime Day's Online Retail Boom
BY | ETF Database
8:05 am ET 06/24/26 | 4 VIEWS
Private Credit Sees Rise in Acceptance For DC Plan Portfolios
BY | ETF Database
7:39 am ET 06/24/26 | 10 VIEWS
This Elevated International ETF Looks Compelling Right Now
BY | ETF Database
7:19 am ET 06/24/26 | 8 VIEWS
View more Commentary

Search Commentary

Enter Keyword(s)
Filter Results

Performance data shown is past performance and is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. For standard quarterly performance, go to the fund's Snapshot page by clicking on the ETF/ETP's symbol.

ETFs may trade at a premium or discount to their NAV and are subject to the market fluctuations of their underlying investments.

For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF's prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are registered trademarks of BlackRock, Inc. and its affiliates.

FBS receives compensation from the fund's advisor or its affiliates in connection with a marketing program that includes the promotion of this security and other ETFs to customers ("Marketing Program"). The Marketing Program creates incentives for FBS to encourage the purchase of certain ETFs. Additional information about the sources, amounts, and terms of compensation is in the ETF's prospectus and related documents. Please note that this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral.

News, commentary (including "Related Symbols") and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate exchange traded products (ETPs), including, but limited to exchange traded funds (ETFs) and exchange traded notes (ETNs). Criteria and inputs entered, including the choice to make ETP comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating ETPs. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

Before investing in any exchange traded product, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.