CCJ vs. DNN

Last updated Jul 11, 2026

CCJ (Cameco Corporation) and DNN (Denison Mines Corp) are both stocks. Both operate in the Uranium industry within the Energy sector. Over the past 10 years, CCJ returned 25.57%/yr vs 18.95%/yr for DNN. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

CCJ vs. DNN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cameco Corporation (CCJ) 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, CCJ achieves a 4.92% return, which is significantly lower than DNN's 21.43% return. Over the past 10 years, CCJ has outperformed DNN with an annualized return of 25.57%, while DNN has yielded a comparatively lower 18.95% annualized return.

CCJ

• 1D: 0.26%
• 1M: -4.92%
• 6M: -10.76%
• YTD: 4.92%
• 1Y: 32.29%
• 3Y*: 45.71%
• 5Y*: 39.60%
• 10Y*: 25.57%

DNN

• 1D: 1.89%
• 1M: 5.56%
• 6M: -2.42%
• YTD: 21.43%
• 1Y: 81.46%
• 3Y*: 37.59%
• 5Y*: 23.37%
• 10Y*: 18.95%

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

CCJ vs. DNN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCJ Cameco Corporation	4.92%	78.38%	19.47%	90.49%	4.35%	63.19%	51.47%	-21.08%	23.58%	-8.20%
DNN Denison Mines Corp	21.43%	47.78%	1.69%	53.91%	-16.06%	111.75%	54.05%	-9.48%	-15.64%	6.86%

Correlation

The correlation between CCJ and DNN is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Feb 9, 2005	0.59

Over the past year, CCJ and DNN have become more correlated (0.81) than their long-term average of 0.59, meaning their price movements have been converging.

Fundamentals

Market Cap CCJ : $41.81B DNN : $2.92B
EPS CCJ : CA$1.49 DNN : -CA$0.28
PS Ratio CCJ : 16.72 DNN : 948.86
PB Ratio CCJ : 8.36 DNN : 15.83
Total Revenue (TTM) CCJ : CA$3.54B DNN : CA$4.34M
Gross Profit (TTM) CCJ : CA$1.04B DNN : -CA$12.87M
EBITDA (TTM) CCJ : CA$996.66M DNN : -CA$155.36M

Return for Risk

CCJ vs. DNN — Risk / Return Rank

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

CCJ

CCJ Risk / Return Rank: 67
CCJ Sharpe Ratio Rank: 67
CCJ Sortino Ratio Rank: 66
CCJ Omega Ratio Rank: 64
CCJ Calmar Ratio Rank: 70
CCJ Martin Ratio Rank: 69

DNN

DNN Risk / Return Rank: 82
DNN Sharpe Ratio Rank: 85
DNN Sortino Ratio Rank: 81
DNN Omega Ratio Rank: 78
DNN Calmar Ratio Rank: 83
DNN Martin Ratio Rank: 81

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.

CCJ vs. DNN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cameco Corporation (CCJ) 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.

	CCJ	DNN	Difference
Sharpe ratio: Return per unit of total volatility	0.65	1.45	-0.80
Sortino ratio: Return per unit of downside risk	1.32	2.07	-0.75
Omega ratio: Gain probability vs. loss probability	1.16	1.25	-0.09
Calmar ratio: Return relative to maximum drawdown	1.22	2.47	-1.25
Martin ratio: Return relative to average drawdown	2.64	5.63	-2.99

CCJ vs. DNN - Sharpe Ratio Comparison

The current CCJ Sharpe Ratio is 0.65, which is lower than the DNN Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of CCJ 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

CCJ vs. DNN - Drawdown Comparison

The maximum CCJ drawdown since its inception was -87.53%, smaller than the maximum DNN drawdown of -98.96%. Use the drawdown chart below to compare losses from any high point for CCJ and DNN.

Drawdown Indicators

	CCJ	DNN	Difference
Max Drawdown Largest peak-to-trough decline	-87.53%	-98.96%	+11.43%
Max Drawdown (1Y) Largest decline over 1 year	-29.40%	-35.24%	+5.84%
Max Drawdown (3Y) Largest decline over 3 years	-40.01%	-52.48%	+12.47%
Max Drawdown (5Y) Largest decline over 5 years	-40.01%	-55.66%	+15.65%
Max Drawdown (10Y) Largest decline over 10 years	-57.22%	-75.90%	+18.68%
Current Drawdown Current decline from peak	-28.41%	-83.25%	+54.84%
Average Drawdown Average peak-to-trough decline	-46.02%	-85.04%	+39.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.61%	15.47%	-1.86%

Volatility

CCJ vs. DNN - Volatility Comparison

Cameco Corporation (CCJ) and Denison Mines Corp (DNN) have volatilities of 13.12% and 13.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCJ	DNN	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.12%	13.72%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	39.33%	44.22%	-4.89%
Volatility (1Y) Calculated over the trailing 1-year period	55.08%	60.00%	-4.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.79%	63.27%	-13.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.79%	64.31%	-17.52%

Dividends

CCJ vs. DNN - Dividend Comparison

CCJ's dividend yield for the trailing twelve months is around 0.18%, while DNN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCJ Cameco Corporation	0.18%	0.19%	0.22%	0.20%	0.39%	0.29%	0.46%	0.67%	0.53%	4.33%	3.82%	3.24%
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 CCJ and DNN in my portfolio?

CCJ and DNN have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CCJ or DNN?

DNN has higher volatility (13.72%) compared to CCJ (13.12%). In terms of maximum drawdown, CCJ dropped -87.53% vs DNN's -98.96%.

Which has better risk-adjusted returns?

DNN currently has the higher Sharpe Ratio (1.45 vs 0.65), 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.