CCO.TO vs. EQX.TO
CCO.TO (Cameco Corporation) and EQX.TO (Equinox Gold Corp.) are both stocks. CCO.TO operates in Uranium (Energy), while EQX.TO operates in Gold (Basic Materials). Over the past 10 years, CCO.TO returned 26.75%/yr vs 7.28%/yr for EQX.TO. At a 0.18 correlation, their price movements are largely independent.
Performance
CCO.TO vs. EQX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CCO.TO achieves a 16.89% return, which is significantly higher than EQX.TO's -21.50% return. Over the past 10 years, CCO.TO has outperformed EQX.TO with an annualized return of 26.75%, while EQX.TO has yielded a comparatively lower 7.28% annualized return.
CCO.TO
- 1D
- 1.96%
- 1M
- -8.17%
- YTD
- 16.89%
- 6M
- 16.59%
- 1Y
- 77.90%
- 3Y*
- 53.26%
- 5Y*
- 41.88%
- 10Y*
- 26.75%
EQX.TO
- 1D
- 0.33%
- 1M
- -22.58%
- YTD
- -21.50%
- 6M
- -18.72%
- 1Y
- 59.40%
- 3Y*
- 33.39%
- 5Y*
- 7.45%
- 10Y*
- 7.28%
CCO.TO vs. EQX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCO.TO Cameco Corporation | 16.89% | 70.37% | 29.62% | 86.52% | 11.71% | 62.18% | 48.65% | -24.97% | 34.00% | -14.67% |
EQX.TO Equinox Gold Corp. | -21.50% | 166.44% | 12.42% | 45.37% | -48.25% | -35.00% | 31.83% | 95.88% | -8.93% | -38.46% |
Correlation
The correlation between CCO.TO and EQX.TO 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 | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2014 | 0.18 |
The correlation between CCO.TO and EQX.TO shifts across timeframes, from 0.18 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CCO.TO:
CA$64.00B
EQX.TO:
CA$12.48B
CCO.TO:
CA$1.49
EQX.TO:
CA$0.94
CCO.TO:
98.35
EQX.TO:
16.01
CCO.TO:
0.82
EQX.TO:
0.03
CCO.TO:
18.08
EQX.TO:
3.49
CCO.TO:
9.06
EQX.TO:
2.04
CCO.TO:
CA$3.54B
EQX.TO:
CA$2.84B
CCO.TO:
CA$1.13B
EQX.TO:
CA$1.21B
CCO.TO:
CA$818.74M
EQX.TO:
CA$1.38B
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Return for Risk
CCO.TO vs. EQX.TO — Risk / Return Rank
CCO.TO
EQX.TO
CCO.TO vs. EQX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cameco Corporation (CCO.TO) and Equinox Gold Corp. (EQX.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.TO | EQX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 1.45 | +1.70 |
| Martin ratioReturn relative to average drawdown | 7.12 | 3.95 | +3.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CCO.TO | EQX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.01 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.13 | +0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.13 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.03 | +0.14 |
Drawdowns
CCO.TO vs. EQX.TO - Drawdown Comparison
The maximum CCO.TO drawdown since its inception was -83.63%, roughly equal to the maximum EQX.TO drawdown of -81.51%. Use the drawdown chart below to compare losses from any high point for CCO.TO and EQX.TO.
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Drawdown Indicators
| CCO.TO | EQX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.63% | -81.51% | -2.12% |
Max Drawdown (1Y)Largest decline over 1 year | -24.86% | -41.09% | +16.23% |
Max Drawdown (3Y)Largest decline over 3 years | -39.52% | -41.09% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -39.52% | -69.34% | +29.82% |
Max Drawdown (10Y)Largest decline over 10 years | -52.84% | -80.51% | +27.67% |
Current DrawdownCurrent decline from peak | -19.13% | -40.89% | +21.76% |
Average DrawdownAverage peak-to-trough decline | -48.39% | -52.60% | +4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.98% | 15.10% | -4.12% |
Volatility
CCO.TO vs. EQX.TO - Volatility Comparison
The current volatility for Cameco Corporation (CCO.TO) is 15.64%, while Equinox Gold Corp. (EQX.TO) has a volatility of 20.71%. This indicates that CCO.TO experiences smaller price fluctuations and is considered to be less risky than EQX.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.TO | EQX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.64% | 20.71% | -5.07% |
Volatility (6M)Calculated over the trailing 6-month period | 37.81% | 46.78% | -8.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.65% | 58.98% | -4.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.90% | 55.90% | -8.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.04% | 56.44% | -11.40% |
Dividends
CCO.TO vs. EQX.TO - Dividend Comparison
CCO.TO's dividend yield for the trailing twelve months is around 0.16%, less than EQX.TO's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EQX.TO Equinox Gold Corp. | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CCO.TO vs. EQX.TO - Financials Comparison
This section allows you to compare key financial metrics between Cameco Corporation and Equinox Gold 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.
Total Revenue: Total amount of money received from sales and other business activities
CCO.TO vs. EQX.TO - Profitability Comparison
CCO.TO - 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 290.25M and revenue of 845.37M. Therefore, the gross margin over that period was 34.3%.
EQX.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Equinox Gold Corp. reported a gross profit of 438.50M and revenue of 861.59M. Therefore, the gross margin over that period was 50.9%.
CCO.TO - 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 153.89M and revenue of 845.37M, resulting in an operating margin of 18.2%.
EQX.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Equinox Gold Corp. reported an operating income of 390.23M and revenue of 861.59M, resulting in an operating margin of 45.3%.
CCO.TO - 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 130.75M and revenue of 845.37M, resulting in a net margin of 15.5%.
EQX.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Equinox Gold Corp. reported a net income of 310.11M and revenue of 861.59M, resulting in a net margin of 36.0%.
Frequently Asked Questions
CCO.TO and EQX.TO 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.
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