CCJ vs. URNM
CCJ (Cameco Corporation) is a stock, while URNM (Sprott Uranium Miners ETF) is Uranium fund tracking the VettaFi Global Uranium Miners Index. Over the past 5 years, CCJ returned 40.17%/yr vs 14.58%/yr for URNM. Their correlation of 0.84 suggests significant overlap in exposure.
Performance
CCJ vs. URNM - Performance Comparison
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Returns By Period
In the year-to-date period, CCJ achieves a 16.56% return, which is significantly higher than URNM's -1.09% return.
CCJ
- 1D
- -2.07%
- 1M
- 1.80%
- YTD
- 16.56%
- 6M
- 14.25%
- 1Y
- 47.70%
- 3Y*
- 53.08%
- 5Y*
- 40.17%
- 10Y*
- 26.96%
URNM
- 1D
- -2.51%
- 1M
- -6.75%
- YTD
- -1.09%
- 6M
- -4.05%
- 1Y
- 19.93%
- 3Y*
- 22.15%
- 5Y*
- 14.58%
- 10Y*
- —
CCJ vs. URNM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CCJ Cameco Corporation | 16.56% | 78.38% | 19.47% | 90.49% | 4.35% | 63.19% | 51.47% | -2.94% |
URNM Sprott Uranium Miners ETF | -1.09% | 40.78% | -14.13% | 57.80% | -11.86% | 78.32% | 68.36% | 4.05% |
Correlation
The correlation between CCJ and URNM is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.84 |
The correlation between CCJ and URNM has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
CCJ vs. URNM — Risk / Return Rank
CCJ
URNM
CCJ vs. URNM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cameco Corporation (CCJ) and Sprott Uranium Miners ETF (URNM). 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 | URNM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.10 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 0.52 | +1.13 |
| Martin ratioReturn relative to average drawdown | 3.84 | 1.20 | +2.64 |
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Drawdowns
CCJ vs. URNM - Drawdown Comparison
The maximum CCJ drawdown since its inception was -87.53%, which is greater than URNM's maximum drawdown of -50.78%. Use the drawdown chart below to compare losses from any high point for CCJ and URNM.
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Drawdown Indicators
| CCJ | URNM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.53% | -50.78% | -36.75% |
Max Drawdown (1Y)Largest decline over 1 year | -29.13% | -38.72% | +9.59% |
Max Drawdown (3Y)Largest decline over 3 years | -40.01% | -50.78% | +10.77% |
Max Drawdown (5Y)Largest decline over 5 years | -40.01% | -50.78% | +10.77% |
Max Drawdown (10Y)Largest decline over 10 years | -57.22% | — | — |
Current DrawdownCurrent decline from peak | -20.47% | -35.36% | +14.89% |
Average DrawdownAverage peak-to-trough decline | -46.05% | -18.15% | -27.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.45% | 16.69% | -4.24% |
Volatility
CCJ vs. URNM - Volatility Comparison
Cameco Corporation (CCJ) and Sprott Uranium Miners ETF (URNM) have volatilities of 18.44% and 18.10%, 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.
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Volatility by Period
| CCJ | URNM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.44% | 18.10% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 39.69% | 41.49% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.38% | 52.36% | +3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.79% | 48.56% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.78% | 47.02% | -0.24% |
Dividends
CCJ vs. URNM - Dividend Comparison
CCJ's dividend yield for the trailing twelve months is around 0.16%, less than URNM's 3.21% 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% |
URNM Sprott Uranium Miners ETF | 3.21% | 3.18% | 3.18% | 3.63% | 0.00% | 6.70% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CCJ and URNM have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCJ has higher volatility (18.44%) compared to URNM (18.10%). In terms of maximum drawdown, CCJ dropped -87.53% vs URNM's -50.78%.
CCJ currently has the higher Sharpe Ratio (0.87 vs 0.38), 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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