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CCO.TO vs. DML.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

CCO.TO vs. DML.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Cameco Corporation (CCO.TO) and Denison Mines Corp. (DML.TO).

Performance

CCO.TO vs. DML.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Cameco Corporation (CCO.TO) and Denison Mines Corp. (DML.TO). The values are adjusted to include any dividend payments, if applicable.

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CCO.TO vs. DML.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CCO.TO
Cameco Corporation		20.37%70.37%29.62%86.52%11.71%62.18%48.65%-24.97%34.00%-14.67%
DML.TO
Denison Mines Corp.		35.44%39.46%12.50%49.68%-10.92%107.14%55.56%-14.29%-8.70%-1.43%

Fundamentals

Market Cap

CCO.TO:

CA$65.88B

DML.TO:

CA$4.44B

EPS

CCO.TO:

CA$1.35

DML.TO:

-CA$0.24

PS Ratio

CCO.TO:

18.92

DML.TO:

902.65

PB Ratio

CCO.TO:

9.54

DML.TO:

12.07

Total Revenue (TTM)

CCO.TO:

CA$3.48B

DML.TO:

CA$4.92M

Gross Profit (TTM)

CCO.TO:

CA$1.17B

DML.TO:

-CA$23.94M

EBITDA (TTM)

CCO.TO:

CA$842.73M

DML.TO:

-CA$171.25M

Returns By Period

In the year-to-date period, CCO.TO achieves a 20.37% return, which is significantly lower than DML.TO's 35.44% return. Over the past 10 years, CCO.TO has outperformed DML.TO with an annualized return of 25.85%, while DML.TO has yielded a comparatively lower 21.05% annualized return.

CCO.TO

1D
5.68%
1M
-6.26%
YTD
20.37%
6M
29.77%
1Y
155.86%
3Y*
62.61%
5Y*
47.94%
10Y*
25.85%

DML.TO

1D
7.41%
1M
-13.20%
YTD
35.44%
6M
28.72%
1Y
162.23%
3Y*
49.68%
5Y*
27.21%
10Y*
21.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Cameco Corporation

Denison Mines Corp.

Often compared with CCO.TO:
CCO.TO vs. BWXTCCO.TO vs. NXE.TOCCO.TO vs. NXECCO.TO vs. CNQ.TOCCO.TO vs. WPM.TOCCO.TO vs. URNMCCO.TO vs. L.TO
Often compared with DML.TO:
DML.TO vs. NXE.TODML.TO vs. EFR.TODML.TO vs. UECDML.TO vs. URGDML.TO vs. NXEDML.TO vs. FLRDML.TO vs. CSU.TO

Return for Risk

CCO.TO vs. DML.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CCO.TO
CCO.TO Risk / Return Rank: 9595
Overall Rank
CCO.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
CCO.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
CCO.TO Omega Ratio Rank: 9292
Omega Ratio Rank
CCO.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
CCO.TO Martin Ratio Rank: 9595
Martin Ratio Rank
DML.TO
DML.TO Risk / Return Rank: 9393
Overall Rank
DML.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
DML.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
DML.TO Omega Ratio Rank: 8888
Omega Ratio Rank
DML.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
DML.TO Martin Ratio Rank: 9494
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.

CCO.TO vs. DML.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cameco Corporation (CCO.TO) and Denison Mines Corp. (DML.TO). 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.

CCO.TODML.TODifference

Sharpe ratio

Return per unit of total volatility

2.94

2.60

+0.33

Sortino ratio

Return per unit of downside risk

3.49

3.08

+0.42

Omega ratio

Gain probability vs. loss probability

1.43

1.36

+0.07

Calmar ratio

Return relative to maximum drawdown

6.16

5.41

+0.74

Martin ratio

Return relative to average drawdown

16.14

14.89

+1.25

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CCO.TO vs. DML.TO - Sharpe Ratio Comparison

The current CCO.TO Sharpe Ratio is 2.94, which is comparable to the DML.TO Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of CCO.TO and DML.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

CCO.TODML.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.94

2.60

+0.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

0.45

+0.56

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

0.34

+0.24

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

0.07

+0.30

Correlation

The correlation between CCO.TO and DML.TO is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CCO.TO vs. DML.TO - Dividend Comparison

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

TTM20252024202320222021202020192018201720162015
CCO.TO
Cameco Corporation		0.16%0.19%0.22%0.21%0.39%0.29%0.47%0.69%0.52%3.45%2.85%2.34%
DML.TO
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%

Drawdowns

CCO.TO vs. DML.TO - Drawdown Comparison

The maximum CCO.TO drawdown since its inception was -83.63%, smaller than the maximum DML.TO drawdown of -97.88%. Use the drawdown chart below to compare losses from any high point for CCO.TO and DML.TO.

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Drawdown Indicators

CCO.TODML.TODifference

Max Drawdown

Largest peak-to-trough decline

-83.63%

-97.88%

+14.25%

Max Drawdown (1Y)

Largest decline over 1 year

-24.86%

-29.20%

+4.34%

Max Drawdown (5Y)

Largest decline over 5 years

-39.52%

-53.05%

+13.53%

Max Drawdown (10Y)

Largest decline over 10 years

-52.84%

-73.39%

+20.55%

Current Drawdown

Current decline from peak

-16.72%

-63.92%

+47.20%

Average Drawdown

Average peak-to-trough decline

-39.18%

-73.75%

+34.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.48%

10.62%

-1.14%

Volatility

CCO.TO vs. DML.TO - Volatility Comparison

The current volatility for Cameco Corporation (CCO.TO) is 17.06%, while Denison Mines Corp. (DML.TO) has a volatility of 20.22%. This indicates that CCO.TO experiences smaller price fluctuations and is considered to be less risky than DML.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CCO.TODML.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

17.06%

20.22%

-3.16%

Volatility (6M)

Calculated over the trailing 6-month period

41.00%

45.60%

-4.60%

Volatility (1Y)

Calculated over the trailing 1-year period

53.44%

62.80%

-9.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

47.84%

60.97%

-13.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

44.62%

62.42%

-17.80%

Financials

CCO.TO vs. DML.TO - Financials Comparison

This section allows you to compare key financial metrics between Cameco Corporation and Denison Mines Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.00200.00M400.00M600.00M800.00M1.00B1.20BAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
1.20B
1.22M
(CCO.TO) Total Revenue
(DML.TO) Total Revenue
Values in CAD except per share items