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 SMRF
In 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.
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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.
