CCJ vs. NXE

Last updated Jun 3, 2026

CCJ (Cameco Corporation) and NXE (NexGen Energy Ltd.) are both stocks. Both operate in the Uranium industry within the Energy sector. Over the past 10 years, CCJ returned 27.54%/yr vs 20.55%/yr for NXE. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

CCJ vs. NXE - Performance Comparison

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

Returns By Period

In the year-to-date period, CCJ achieves a 31.72% return, which is significantly lower than NXE's 35.22% return. Over the past 10 years, CCJ has outperformed NXE with an annualized return of 27.54%, while NXE has yielded a comparatively lower 20.55% annualized return.

CCJ

• 1D: 7.03%
• 1M: -0.07%
• YTD: 31.72%
• 6M: 36.59%
• 1Y: 107.54%
• 3Y*: 59.13%
• 5Y*: 42.20%
• 10Y*: 27.54%

NXE

• 1D: 9.12%
• 1M: 0.48%
• YTD: 35.22%
• 6M: 37.46%
• 1Y: 106.64%
• 3Y*: 40.98%
• 5Y*: 22.01%
• 10Y*: 20.55%

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

CCJ vs. NXE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCJ Cameco Corporation	31.72%	78.38%	19.47%	90.49%	4.35%	63.19%	51.47%	-21.08%	23.58%	-8.20%
NXE NexGen Energy Ltd.	35.22%	39.39%	-5.71%	58.01%	1.37%	58.33%	115.62%	-28.09%	-30.47%	48.75%

Correlation

The correlation between CCJ and NXE 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	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.65

The correlation between CCJ and NXE shifts across timeframes, from 0.65 (all time) to 0.84 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CCJ : $52.50B NXE : $8.22B
EPS CCJ : $1.49 NXE : -$0.69
PB Ratio CCJ : 7.41 NXE : 4.83
Total Revenue (TTM) CCJ : $3.54B NXE : $0.00
Gross Profit (TTM) CCJ : $1.04B NXE : -$992.64K
EBITDA (TTM) CCJ : $996.66M NXE : -$247.46M

Return for Risk

CCJ vs. NXE — Risk / Return Rank

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

CCJ

CCJ Risk / Return Rank: 85
CCJ Sharpe Ratio Rank: 87
CCJ Sortino Ratio Rank: 85
CCJ Omega Ratio Rank: 82
CCJ Calmar Ratio Rank: 88
CCJ Martin Ratio Rank: 86

NXE

NXE Risk / Return Rank: 85
NXE Sharpe Ratio Rank: 87
NXE Sortino Ratio Rank: 84
NXE Omega Ratio Rank: 79
NXE Calmar Ratio Rank: 88
NXE Martin Ratio Rank: 86

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. NXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cameco Corporation (CCJ) and NexGen Energy Ltd. (NXE). 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	NXE	Difference
Sharpe ratio Return per unit of total volatility	1.98	2.01	-0.03
Sortino ratio Return per unit of downside risk	2.74	2.64	+0.10
Omega ratio Gain probability vs. loss probability	1.33	1.30	+0.03
Calmar ratio Return relative to maximum drawdown	4.14	4.16	-0.02
Martin ratio Return relative to average drawdown	9.41	9.67	-0.25
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. NXE - Sharpe Ratio Comparison

The current CCJ Sharpe Ratio is 1.98, which is comparable to the NXE Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of CCJ and NXE, 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	NXE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	2.01	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.38	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.34	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.57	-0.33

Drawdowns

CCJ vs. NXE - Drawdown Comparison

The maximum CCJ drawdown since its inception was -87.53%, which is greater than NXE's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CCJ and NXE.

Drawdown Indicators

	CCJ	NXE	Difference
Max Drawdown Largest peak-to-trough decline	-87.53%	-82.98%	-4.55%
Max Drawdown (1Y) Largest decline over 1 year	-25.69%	-24.35%	-1.34%
Max Drawdown (3Y) Largest decline over 3 years	-40.01%	-54.28%	+14.27%
Max Drawdown (5Y) Largest decline over 5 years	-40.01%	-54.28%	+14.27%
Max Drawdown (10Y) Largest decline over 10 years	-57.22%	-82.98%	+25.76%
Current Drawdown Current decline from peak	-10.13%	-10.63%	+0.50%
Average Drawdown Average peak-to-trough decline	-46.10%	-28.65%	-17.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.29%	10.48%	+0.81%

Volatility

CCJ vs. NXE - Volatility Comparison

The current volatility for Cameco Corporation (CCJ) is 15.15%, while NexGen Energy Ltd. (NXE) has a volatility of 16.35%. This indicates that CCJ experiences smaller price fluctuations and is considered to be less risky than NXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCJ	NXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.15%	16.35%	-1.20%
Volatility (6M) Calculated over the trailing 6-month period	37.70%	38.06%	-0.36%
Volatility (1Y) Calculated over the trailing 1-year period	54.69%	53.52%	+1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.64%	57.77%	-8.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.58%	61.45%	-14.87%

Dividends

CCJ vs. NXE - Dividend Comparison

CCJ's dividend yield for the trailing twelve months is around 0.14%, while NXE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCJ Cameco Corporation	0.14%	0.19%	0.22%	0.20%	0.39%	0.29%	0.46%	0.67%	0.53%	4.33%	3.82%	3.24%
NXE NexGen Energy Ltd.	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 NXE in my portfolio?

CCJ and NXE 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 NXE?

NXE has higher volatility (16.35%) compared to CCJ (15.15%). In terms of maximum drawdown, CCJ dropped -87.53% vs NXE's -82.98%.

Which has better risk-adjusted returns?

NXE currently has the higher Sharpe Ratio (2.01 vs 1.98), 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.