BWXT vs. DNN

Last updated Jun 13, 2026

BWXT (BWX Technologies, Inc.) and DNN (Denison Mines Corp) are both stocks. BWXT operates in Aerospace & Defense (Industrials), while DNN operates in Uranium (Energy). Over the past 10 years, BWXT returned 20.03%/yr vs 18.94%/yr for DNN. At a 0.32 correlation, their price movements are largely independent.

Performance

BWXT vs. DNN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BWX Technologies, Inc. (BWXT) 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, BWXT achieves a 12.23% return, which is significantly lower than DNN's 15.04% return. Over the past 10 years, BWXT has outperformed DNN with an annualized return of 20.03%, while DNN has yielded a comparatively lower 18.94% annualized return.

BWXT

• 1D: -0.63%
• 1M: -6.34%
• YTD: 12.23%
• 6M: 10.82%
• 1Y: 41.19%
• 3Y*: 43.24%
• 5Y*: 26.18%
• 10Y*: 20.03%

DNN

• 1D: 2.00%
• 1M: -14.76%
• YTD: 15.04%
• 6M: 17.24%
• 1Y: 88.89%
• 3Y*: 36.24%
• 5Y*: 16.76%
• 10Y*: 18.94%

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

BWXT vs. DNN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BWXT BWX Technologies, Inc.	12.23%	56.37%	46.53%	33.87%	23.30%	-19.40%	-1.54%	64.48%	-36.10%	53.59%
DNN Denison Mines Corp	15.04%	47.78%	1.69%	53.91%	-16.06%	111.75%	54.05%	-9.48%	-15.64%	6.86%

Correlation

The correlation between BWXT and DNN is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Aug 2, 2010	0.32

The correlation between BWXT and DNN shifts across timeframes, from 0.31 (10 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BWXT : $17.78B DNN : $2.76B
EPS BWXT : $3.75 DNN : -CA$0.28
PS Ratio BWXT : 5.26 DNN : 888.52
PB Ratio BWXT : 13.89 DNN : 14.81
Total Revenue (TTM) BWXT : $3.38B DNN : CA$4.34M
Gross Profit (TTM) BWXT : $566.27M DNN : -CA$12.87M
EBITDA (TTM) BWXT : $534.48M DNN : -CA$155.36M

Return for Risk

BWXT vs. DNN — Risk / Return Rank

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

BWXT

BWXT Risk / Return Rank: 71
BWXT Sharpe Ratio Rank: 72
BWXT Sortino Ratio Rank: 68
BWXT Omega Ratio Rank: 68
BWXT Calmar Ratio Rank: 74
BWXT Martin Ratio Rank: 73

DNN

DNN Risk / Return Rank: 80
DNN Sharpe Ratio Rank: 83
DNN Sortino Ratio Rank: 79
DNN Omega Ratio Rank: 75
DNN Calmar Ratio Rank: 81
DNN Martin Ratio Rank: 82

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.

BWXT vs. DNN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BWX Technologies, Inc. (BWXT) 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.

	BWXT	DNN	Difference
Sharpe ratio: Return per unit of total volatility	0.92	1.46	-0.54
Sortino ratio: Return per unit of downside risk	1.51	2.09	-0.58
Omega ratio: Gain probability vs. loss probability	1.20	1.25	-0.05
Calmar ratio: Return relative to maximum drawdown	1.79	2.54	-0.75
Martin ratio: Return relative to average drawdown	4.04	6.49	-2.45

BWXT vs. DNN - Sharpe Ratio Comparison

The current BWXT Sharpe Ratio is 0.92, which is lower than the DNN Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of BWXT 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

BWXT vs. DNN - Drawdown Comparison

The maximum BWXT drawdown since its inception was -47.88%, smaller than the maximum DNN drawdown of -98.96%. Use the drawdown chart below to compare losses from any high point for BWXT and DNN.

Drawdown Indicators

	BWXT	DNN	Difference
Max Drawdown Largest peak-to-trough decline	-47.88%	-98.96%	+51.08%
Max Drawdown (1Y) Largest decline over 1 year	-23.14%	-35.24%	+12.10%
Max Drawdown (3Y) Largest decline over 3 years	-32.87%	-52.48%	+19.61%
Max Drawdown (5Y) Largest decline over 5 years	-32.92%	-55.66%	+22.74%
Max Drawdown (10Y) Largest decline over 10 years	-47.74%	-75.90%	+28.16%
Current Drawdown Current decline from peak	-18.75%	-84.13%	+65.38%
Average Drawdown Average peak-to-trough decline	-13.17%	-85.05%	+71.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.22%	13.74%	-3.52%

Volatility

BWXT vs. DNN - Volatility Comparison

The current volatility for BWX Technologies, Inc. (BWXT) is 11.22%, while Denison Mines Corp (DNN) has a volatility of 19.82%. This indicates that BWXT experiences smaller price fluctuations and is considered to be less risky than DNN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BWXT	DNN	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.22%	19.82%	-8.60%
Volatility (6M) Calculated over the trailing 6-month period	34.21%	46.75%	-12.54%
Volatility (1Y) Calculated over the trailing 1-year period	45.12%	61.29%	-16.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.05%	63.48%	-30.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.83%	64.30%	-33.47%

Dividends

BWXT vs. DNN - Dividend Comparison

BWXT's dividend yield for the trailing twelve months is around 0.54%, while DNN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BWXT BWX Technologies, Inc.	0.54%	0.58%	0.86%	1.20%	1.52%	1.75%	1.26%	1.10%	1.67%	0.69%	0.91%	30.37%
DNN Denison Mines Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both BWXT and DNN in my portfolio?

BWXT and DNN have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BWXT or DNN?

DNN has higher volatility (19.82%) compared to BWXT (11.22%). In terms of maximum drawdown, BWXT dropped -47.88% vs DNN's -98.96%.

Which has better risk-adjusted returns?

DNN currently has the higher Sharpe Ratio (1.46 vs 0.92), 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.