CCJ vs. HEI

Last updated Jun 9, 2026

CCJ (Cameco Corporation) and HEI (HEICO Corporation) are both stocks. CCJ operates in Uranium (Energy), while HEI operates in Aerospace & Defense (Industrials). Over the past 10 years, CCJ returned 25.85%/yr vs 25.42%/yr for HEI. At a 0.24 correlation, their price movements are largely independent.

Performance

CCJ vs. HEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cameco Corporation (CCJ) and HEICO Corporation (HEI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCJ achieves a 15.25% return, which is significantly higher than HEI's 0.01% return. Both investments have delivered pretty close results over the past 10 years, with CCJ having a 25.85% annualized return and HEI not far behind at 25.42%.

CCJ

• 1D: 1.93%
• 1M: -9.69%
• YTD: 15.25%
• 6M: 16.00%
• 1Y: 74.85%
• 3Y*: 51.07%
• 5Y*: 37.97%
• 10Y*: 25.85%

HEI

• 1D: -2.39%
• 1M: 10.59%
• YTD: 0.01%
• 6M: 2.87%
• 1Y: 6.72%
• 3Y*: 25.63%
• 5Y*: 17.50%
• 10Y*: 25.42%

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

CCJ vs. HEI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCJ Cameco Corporation	15.25%	78.38%	19.47%	90.49%	4.35%	63.19%	51.47%	-21.08%	23.58%	-8.20%
HEI HEICO Corporation	0.01%	36.22%	33.05%	16.56%	6.67%	9.06%	16.16%	47.54%	28.51%	53.04%

Correlation

The correlation between CCJ and HEI is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Mar 15, 1996	0.24

The correlation between CCJ and HEI shifts across timeframes, from 0.24 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CCJ : $45.93B HEI : $45.63B
EPS CCJ : $1.49 HEI : $5.60
PE Ratio CCJ : 70.56 HEI : 57.77
PEG Ratio CCJ : 0.59 HEI : 2.60
PS Ratio CCJ : 12.97 HEI : 9.29
PB Ratio CCJ : 6.49 HEI : 8.46
Total Revenue (TTM) CCJ : $3.54B HEI : $4.91B
Gross Profit (TTM) CCJ : $1.04B HEI : $943.00M
EBITDA (TTM) CCJ : $996.66M HEI : $1.12B

Return for Risk

CCJ vs. HEI — Risk / Return Rank

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

CCJ

CCJ Risk / Return Rank: 79
CCJ Sharpe Ratio Rank: 80
CCJ Sortino Ratio Rank: 78
CCJ Omega Ratio Rank: 75
CCJ Calmar Ratio Rank: 83
CCJ Martin Ratio Rank: 81

HEI

HEI Risk / Return Rank: 47
HEI Sharpe Ratio Rank: 49
HEI Sortino Ratio Rank: 45
HEI Omega Ratio Rank: 44
HEI Calmar Ratio Rank: 48
HEI Martin Ratio Rank: 49

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. HEI - Risk-Adjusted Trends Comparison

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

	CCJ	HEI	Difference
Sharpe ratio: Return per unit of total volatility	1.35	0.21	+1.14
Sortino ratio: Return per unit of downside risk	2.11	0.54	+1.57
Omega ratio: Gain probability vs. loss probability	1.25	1.07	+0.18
Calmar ratio: Return relative to maximum drawdown	2.93	0.25	+2.68
Martin ratio: Return relative to average drawdown	6.51	0.60	+5.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CCJ vs. HEI - Sharpe Ratio Comparison

The current CCJ Sharpe Ratio is 1.35, which is higher than the HEI Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of CCJ and HEI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CCJ	HEI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	0.21	+1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.64	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.83	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.51	-0.28

Drawdowns

CCJ vs. HEI - Drawdown Comparison

The maximum CCJ drawdown since its inception was -87.53%, which is greater than HEI's maximum drawdown of -75.50%. Use the drawdown chart below to compare losses from any high point for CCJ and HEI.

Drawdown Indicators

	CCJ	HEI	Difference
Max Drawdown Largest peak-to-trough decline	-87.53%	-75.50%	-12.03%
Max Drawdown (1Y) Largest decline over 1 year	-25.69%	-27.11%	+1.42%
Max Drawdown (3Y) Largest decline over 3 years	-40.01%	-27.11%	-12.90%
Max Drawdown (5Y) Largest decline over 5 years	-40.01%	-27.11%	-12.90%
Max Drawdown (10Y) Largest decline over 10 years	-57.22%	-57.73%	+0.51%
Current Drawdown Current decline from peak	-21.37%	-9.65%	-11.72%
Average Drawdown Average peak-to-trough decline	-46.09%	-19.96%	-26.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.54%	11.14%	+0.40%

Volatility

CCJ vs. HEI - Volatility Comparison

Cameco Corporation (CCJ) has a higher volatility of 15.98% compared to HEICO Corporation (HEI) at 13.61%. This indicates that CCJ's price experiences larger fluctuations and is considered to be riskier than HEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCJ	HEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.98%	13.61%	+2.37%
Volatility (6M) Calculated over the trailing 6-month period	39.04%	27.21%	+11.83%
Volatility (1Y) Calculated over the trailing 1-year period	55.87%	32.79%	+23.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.87%	27.59%	+22.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.69%	30.61%	+16.08%

Dividends

CCJ vs. HEI - Dividend Comparison

CCJ's dividend yield for the trailing twelve months is around 0.16%, more than HEI's 0.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCJ Cameco Corporation	0.16%	0.19%	0.22%	0.20%	0.39%	0.29%	0.46%	0.67%	0.53%	4.33%	3.82%	3.24%
HEI HEICO Corporation	0.07%	0.07%	0.09%	0.11%	0.12%	0.12%	0.12%	0.12%	0.14%	0.08%	0.22%	0.28%

Financials

CCJ vs. HEI - Profitability Comparison

The chart below illustrates the profitability comparison between Cameco Corporation and HEICO Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CCJ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cameco Corporation reported a gross profit of 291.00M and revenue of 847.55M. Therefore, the gross margin over that period was 34.3%.

HEI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HEICO Corporation reported a gross profit of -454.96M and revenue of 1.38B. Therefore, the gross margin over that period was -33.1%.

CCJ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cameco Corporation reported an operating income of 154.28M and revenue of 847.55M, resulting in an operating margin of 18.2%.

HEI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HEICO Corporation reported an operating income of 350.44M and revenue of 1.38B, resulting in an operating margin of 25.5%.

CCJ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cameco Corporation reported a net income of 131.09M and revenue of 847.55M, resulting in a net margin of 15.5%.

HEI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HEICO Corporation reported a net income of 233.80M and revenue of 1.38B, resulting in a net margin of 17.0%.

Frequently Asked Questions

Can I hold both CCJ and HEI in my portfolio?

CCJ and HEI have a correlation of 0.36, 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 HEI?

CCJ has higher volatility (15.98%) compared to HEI (13.61%). In terms of maximum drawdown, CCJ dropped -87.53% vs HEI's -75.50%.

Which has better risk-adjusted returns?

CCJ currently has the higher Sharpe Ratio (1.35 vs 0.21), 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.