CCO.TO vs. UCU.V

Last updated Jun 9, 2026

CCO.TO (Cameco Corporation) and UCU.V (Ucore Rare Metals Inc) are both stocks. CCO.TO operates in Uranium (Energy), while UCU.V operates in Other Industrial Metals & Mining (Basic Materials). Over the past 10 years, CCO.TO returned 26.75%/yr vs 5.28%/yr for UCU.V. At a 0.09 correlation, their price movements are largely independent.

Performance

CCO.TO vs. UCU.V - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Cameco Corporation (CCO.TO) and Ucore Rare Metals Inc (UCU.V). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCO.TO achieves a 16.89% return, which is significantly higher than UCU.V's -4.04% return. Over the past 10 years, CCO.TO has outperformed UCU.V with an annualized return of 26.75%, while UCU.V has yielded a comparatively lower 5.28% 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%

UCU.V

• 1D: -2.24%
• 1M: -2.97%
• YTD: -4.04%
• 6M: -24.20%
• 1Y: 296.21%
• 3Y*: 67.15%
• 5Y*: 34.92%
• 10Y*: 5.28%

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

CCO.TO vs. UCU.V - 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%
UCU.V Ucore Rare Metals Inc	-4.04%	626.67%	-13.79%	27.94%	-6.85%	-38.14%	-47.56%	162.96%	-52.08%	-22.58%

Correlation

The correlation between CCO.TO and UCU.V 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	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Oct 11, 2006	0.09

Over the past year, CCO.TO and UCU.V have become more correlated (0.36) than their long-term average of 0.09, meaning their price movements have been converging.

Fundamentals

Market Cap CCO.TO : CA$64.00B UCU.V : CA$595.19M
EPS CCO.TO : CA$1.49 UCU.V : -CA$0.40
PB Ratio CCO.TO : 9.06 UCU.V : 8.40
Total Revenue (TTM) CCO.TO : CA$3.54B UCU.V : CA$0.00
Gross Profit (TTM) CCO.TO : CA$1.13B UCU.V : -CA$1.84M
EBITDA (TTM) CCO.TO : CA$818.74M UCU.V : -CA$31.97M

Return for Risk

CCO.TO vs. UCU.V — 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: 81
CCO.TO Sharpe Ratio Rank: 81
CCO.TO Sortino Ratio Rank: 80
CCO.TO Omega Ratio Rank: 77
CCO.TO Calmar Ratio Rank: 84
CCO.TO Martin Ratio Rank: 82

UCU.V

UCU.V Risk / Return Rank: 89
UCU.V Sharpe Ratio Rank: 92
UCU.V Sortino Ratio Rank: 89
UCU.V Omega Ratio Rank: 85
UCU.V Calmar Ratio Rank: 92
UCU.V Martin Ratio Rank: 85

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. UCU.V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cameco Corporation (CCO.TO) and Ucore Rare Metals Inc (UCU.V). 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	UCU.V	Difference
Sharpe ratio: Return per unit of total volatility	1.44	2.44	-1.00
Sortino ratio: Return per unit of downside risk	2.20	3.03	-0.83
Omega ratio: Gain probability vs. loss probability	1.26	1.35	-0.09
Calmar ratio: Return relative to maximum drawdown	3.15	5.06	-1.91
Martin ratio: Return relative to average drawdown	7.12	8.03	-0.91
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. UCU.V - Sharpe Ratio Comparison

The current CCO.TO Sharpe Ratio is 1.44, which is lower than the UCU.V Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of CCO.TO and UCU.V, 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

	CCO.TO	UCU.V	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	2.44	-1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.40	+0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.06	+0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.01	+0.16

Drawdowns

CCO.TO vs. UCU.V - Drawdown Comparison

The maximum CCO.TO drawdown since its inception was -83.63%, smaller than the maximum UCU.V drawdown of -98.60%. Use the drawdown chart below to compare losses from any high point for CCO.TO and UCU.V.

Drawdown Indicators

	CCO.TO	UCU.V	Difference
Max Drawdown Largest peak-to-trough decline	-83.63%	-98.60%	+14.97%
Max Drawdown (1Y) Largest decline over 1 year	-24.86%	-59.01%	+34.15%
Max Drawdown (3Y) Largest decline over 3 years	-39.52%	-59.01%	+19.49%
Max Drawdown (5Y) Largest decline over 5 years	-39.52%	-65.81%	+26.29%
Max Drawdown (10Y) Largest decline over 10 years	-52.84%	-83.62%	+30.78%
Current Drawdown Current decline from peak	-19.13%	-60.73%	+41.60%
Average Drawdown Average peak-to-trough decline	-48.39%	-80.87%	+32.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.98%	37.10%	-26.12%

Volatility

CCO.TO vs. UCU.V - Volatility Comparison

The current volatility for Cameco Corporation (CCO.TO) is 15.64%, while Ucore Rare Metals Inc (UCU.V) has a volatility of 25.95%. This indicates that CCO.TO experiences smaller price fluctuations and is considered to be less risky than UCU.V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCO.TO	UCU.V	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.64%	25.95%	-10.31%
Volatility (6M) Calculated over the trailing 6-month period	37.81%	69.56%	-31.75%
Volatility (1Y) Calculated over the trailing 1-year period	54.65%	122.63%	-67.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.90%	87.21%	-39.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.04%	92.83%	-47.79%

Dividends

CCO.TO vs. UCU.V - Dividend Comparison

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

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%
UCU.V Ucore Rare Metals Inc	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 CCO.TO and UCU.V in my portfolio?

CCO.TO and UCU.V 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.