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CCJ vs. SLV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CCJ vs. SLV

Last updated Jun 9, 2026

CCJ (Cameco Corporation) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, CCJ returned 25.85%/yr vs 14.08%/yr for SLV. At a 0.29 correlation, their price movements are largely independent.

Performance

CCJ vs. SLV - Performance Comparison

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

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Returns By Period

In the year-to-date period, CCJ achieves a 15.25% return, which is significantly higher than SLV's -4.41% return. Over the past 10 years, CCJ has outperformed SLV with an annualized return of 25.85%, while SLV has yielded a comparatively lower 14.08% annualized return.

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%

SLV

1D
0.02%
1M
-15.66%
YTD
-4.41%
6M
16.83%
1Y
88.38%
3Y*
40.36%
5Y*
19.02%
10Y*
14.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CCJ vs. SLV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CCJ
Cameco Corporation		15.25%78.38%19.47%90.49%4.35%63.19%51.47%-21.08%23.58%-8.20%
SLV
iShares Silver Trust		-4.41%144.66%20.89%-1.09%2.37%-12.45%47.30%14.88%-9.19%5.82%

Correlation

The correlation between CCJ and SLV is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (3Y)
Calculated over the trailing 3-year period

0.31

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (10Y)
Calculated over the trailing 10-year period

0.25

Correlation (All Time)
Calculated using the full available price history since Apr 28, 2006

0.29

Compare stocks, funds, or ETFs

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Cameco Corporation

iShares Silver Trust

Often compared with CCJ:
CCJ vs. UECCCJ vs. URACCJ vs. LEUCCJ vs. UUUUCCJ vs. DNNCCJ vs. NXECCJ vs. FCX
Often compared with SLV:
SLV vs. GLDSLV vs. SIVRSLV vs. PSLVSLV vs. SILSLV vs. SILJSLV vs. SLVPSLV vs. AGQ

Return for Risk

CCJ vs. SLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CCJ
CCJ Risk / Return Rank: 7979
Overall Rank
CCJ Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
CCJ Sortino Ratio Rank: 7878
Sortino Ratio Rank
CCJ Omega Ratio Rank: 7575
Omega Ratio Rank
CCJ Calmar Ratio Rank: 8383
Calmar Ratio Rank
CCJ Martin Ratio Rank: 8181
Martin Ratio Rank
SLV
SLV Risk / Return Rank: 4343
Overall Rank
SLV Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
SLV Sortino Ratio Rank: 3838
Sortino Ratio Rank
SLV Omega Ratio Rank: 5454
Omega Ratio Rank
SLV Calmar Ratio Rank: 4747
Calmar Ratio Rank
SLV Martin Ratio Rank: 3232
Martin Ratio Rank
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. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cameco Corporation (CCJ) and iShares Silver Trust (SLV). 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.

CCJSLVDifference
Sharpe ratioReturn per unit of total volatility
1.35
1.50

-0.15

Sortino ratioReturn per unit of downside risk
2.11
1.80

+0.32

Omega ratioGain probability vs. loss probability

1.25

1.30

-0.05

Calmar ratioReturn relative to maximum drawdown

2.93

2.09

+0.84

Martin ratioReturn relative to average drawdown

6.51

4.40

+2.11

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. SLV - Sharpe Ratio Comparison

The current CCJ Sharpe Ratio is 1.35, which is comparable to the SLV Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of CCJ and SLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CCJSLVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.35

1.50

-0.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.77

0.53

+0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.56

0.44

+0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.23

0.23

0.00

Drawdowns

CCJ vs. SLV - Drawdown Comparison

The maximum CCJ drawdown since its inception was -87.53%, which is greater than SLV's maximum drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for CCJ and SLV.

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Drawdown Indicators

CCJSLVDifference

Max Drawdown

Largest peak-to-trough decline

-87.53%

-76.28%

-11.25%

Max Drawdown (1Y)

Largest decline over 1 year

-25.69%

-42.45%

+16.76%

Max Drawdown (3Y)

Largest decline over 3 years

-40.01%

-42.45%

+2.44%

Max Drawdown (5Y)

Largest decline over 5 years

-40.01%

-42.45%

+2.44%

Max Drawdown (10Y)

Largest decline over 10 years

-57.22%

-42.81%

-14.41%

Current Drawdown

Current decline from peak

-21.37%

-41.69%

+20.32%

Average Drawdown

Average peak-to-trough decline

-46.09%

-44.67%

-1.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.54%

20.15%

-8.61%

Volatility

CCJ vs. SLV - Volatility Comparison

The current volatility for Cameco Corporation (CCJ) is 15.98%, while iShares Silver Trust (SLV) has a volatility of 16.89%. This indicates that CCJ experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CCJSLVDifference

Volatility (1M)

Calculated over the trailing 1-month period

15.98%

16.89%

-0.91%

Volatility (6M)

Calculated over the trailing 6-month period

39.04%

58.88%

-19.84%

Volatility (1Y)

Calculated over the trailing 1-year period

55.87%

59.53%

-3.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

49.87%

36.33%

+13.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

46.69%

31.92%

+14.77%

Dividends

CCJ vs. SLV - Dividend Comparison

CCJ's dividend yield for the trailing twelve months is around 0.16%, while SLV has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
SLV
iShares Silver Trust		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

CCJ and SLV have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SLV has higher volatility (16.89%) compared to CCJ (15.98%). In terms of maximum drawdown, CCJ dropped -87.53% vs SLV's -76.28%.

SLV currently has the higher Sharpe Ratio (1.50 vs 1.35), 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.

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