BRZE vs. DNN

Last updated Jun 23, 2026

BRZE (Braze, Inc.) and DNN (Denison Mines Corp) are both stocks. BRZE operates in Software - Application (Technology), while DNN operates in Uranium (Energy). Over the past 3 years, BRZE returned -21.78%/yr vs 40.46%/yr for DNN. At a 0.25 correlation, their price movements are largely independent.

Performance

BRZE vs. DNN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Braze, Inc. (BRZE) and Denison Mines Corp (DNN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRZE achieves a -43.98% return, which is significantly lower than DNN's 22.93% return.

BRZE

• 1D: -4.24%
• 1M: -21.11%
• YTD: -43.98%
• 6M: -46.79%
• 1Y: -25.66%
• 3Y*: -21.78%
• 5Y*: —
• 10Y*: —

DNN

• 1D: -2.39%
• 1M: 1.24%
• YTD: 22.93%
• 6M: 18.05%
• 1Y: 87.93%
• 3Y*: 40.46%
• 5Y*: 20.08%
• 10Y*: 19.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BRZE vs. DNN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BRZE Braze, Inc.	-43.98%	-18.12%	-21.17%	94.76%	-64.64%	-11.51%
DNN Denison Mines Corp	22.93%	47.78%	1.69%	53.91%	-16.06%	-25.14%

Correlation

The correlation between BRZE and DNN is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021	0.25

Over the past year, the correlation between BRZE and DNN has dropped to 0.04 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.

Fundamentals

Market Cap BRZE : $2.13B DNN : $2.95B
EPS BRZE : -$1.13 DNN : -CA$0.28
PS Ratio BRZE : 2.64 DNN : 962.58
PB Ratio BRZE : 3.66 DNN : 16.05
Total Revenue (TTM) BRZE : $787.12M DNN : CA$4.34M
Gross Profit (TTM) BRZE : $523.12M DNN : -CA$12.87M
EBITDA (TTM) BRZE : -$110.18M DNN : -CA$155.36M

Return for Risk

BRZE vs. DNN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRZE

BRZE Risk / Return Rank: 26
BRZE Sharpe Ratio Rank: 25
BRZE Sortino Ratio Rank: 27
BRZE Omega Ratio Rank: 27
BRZE Calmar Ratio Rank: 27
BRZE Martin Ratio Rank: 24

DNN

DNN Risk / Return Rank: 79
DNN Sharpe Ratio Rank: 82
DNN Sortino Ratio Rank: 77
DNN Omega Ratio Rank: 74
DNN Calmar Ratio Rank: 80
DNN Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRZE vs. DNN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Braze, Inc. (BRZE) and Denison Mines Corp (DNN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BRZE	DNN	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	1.47	-1.86
Sortino ratio: Return per unit of downside risk	-0.20	2.08	-2.28
Omega ratio: Gain probability vs. loss probability	0.98	1.25	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.46	2.51	-2.97
Martin ratio: Return relative to average drawdown	-0.90	6.24	-7.14

BRZE vs. DNN - Sharpe Ratio Comparison

The current BRZE Sharpe Ratio is -0.39, which is lower than the DNN Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of BRZE and DNN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BRZE vs. DNN - Drawdown Comparison

The maximum BRZE drawdown since its inception was -83.23%, smaller than the maximum DNN drawdown of -98.96%. Use the drawdown chart below to compare losses from any high point for BRZE and DNN.

Drawdown Indicators

	BRZE	DNN	Difference
Max Drawdown Largest peak-to-trough decline	-83.23%	-98.96%	+15.73%
Max Drawdown (1Y) Largest decline over 1 year	-56.37%	-35.24%	-21.13%
Max Drawdown (3Y) Largest decline over 3 years	-73.56%	-52.48%	-21.08%
Max Drawdown (5Y) Largest decline over 5 years	—	-55.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.90%	—
Current Drawdown Current decline from peak	-79.60%	-83.04%	+3.44%
Average Drawdown Average peak-to-trough decline	-60.03%	-85.05%	+25.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.54%	14.13%	+14.41%

Volatility

BRZE vs. DNN - Volatility Comparison

Braze, Inc. (BRZE) has a higher volatility of 22.67% compared to Denison Mines Corp (DNN) at 20.50%. This indicates that BRZE's price experiences larger fluctuations and is considered to be riskier than DNN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRZE	DNN	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.67%	20.50%	+2.17%
Volatility (6M) Calculated over the trailing 6-month period	52.71%	46.66%	+6.05%
Volatility (1Y) Calculated over the trailing 1-year period	65.67%	60.39%	+5.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.52%	63.45%	+1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.52%	64.36%	+0.16%

Dividends

BRZE vs. DNN - Dividend Comparison

Neither BRZE nor DNN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both BRZE and DNN in my portfolio?

BRZE and DNN have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRZE or DNN?

BRZE has higher volatility (22.67%) compared to DNN (20.50%). In terms of maximum drawdown, BRZE dropped -83.23% vs DNN's -98.96%.

Which has better risk-adjusted returns?

DNN currently has the higher Sharpe Ratio (1.47 vs -0.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.