CCO.TO vs. URNM
Compare and contrast key facts about Cameco Corporation (CCO.TO) and NorthShore Global Uranium Mining ETF (URNM).
URNM is a passively managed fund by Exchange Traded Concepts that tracks the performance of the North Shore Global Uranium Mining Index. It was launched on Dec 3, 2019.
Performance
CCO.TO vs. URNM - Performance Comparison
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CCO.TO vs. URNM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CCO.TO Cameco Corporation | 20.37% | 70.37% | 29.62% | 86.52% | 11.71% | 62.18% | 48.65% | -6.26% |
URNM NorthShore Global Uranium Mining ETF | 16.60% | 34.32% | -6.75% | 54.33% | -5.58% | 76.71% | 65.52% | 1.93% |
Different Trading Currencies
CCO.TO is traded in CAD, while URNM is traded in USD. To make them comparable, the URNM values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CCO.TO achieves a 20.37% return, which is significantly higher than URNM's 8.00% 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%
URNM
- 1D
- 0.00%
- 1M
- -17.09%
- YTD
- 8.00%
- 6M
- -0.02%
- 1Y
- 80.20%
- 3Y*
- 28.39%
- 5Y*
- 20.86%
- 10Y*
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Return for Risk
CCO.TO vs. URNM — Risk / Return Rank
CCO.TO
URNM
CCO.TO vs. URNM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cameco Corporation (CCO.TO) and NorthShore Global Uranium Mining 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.
| CCO.TO | URNM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.94 | 1.62 | +1.31 |
Sortino ratioReturn per unit of downside risk | 3.49 | 2.25 | +1.24 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.27 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 6.16 | 2.71 | +3.45 |
Martin ratioReturn relative to average drawdown | 16.14 | 7.30 | +8.84 |
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 | URNM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.94 | 1.62 | +1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.46 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.73 | -0.36 |
Correlation
The correlation between CCO.TO and URNM is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CCO.TO vs. URNM - Dividend Comparison
CCO.TO's dividend yield for the trailing twelve months is around 0.16%, less than URNM's 2.76% yield.
| 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% |
URNM NorthShore Global Uranium Mining ETF | 2.76% | 3.18% | 3.18% | 3.63% | 0.00% | 6.70% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CCO.TO vs. URNM - Drawdown Comparison
The maximum CCO.TO drawdown since its inception was -83.63%, which is greater than URNM's maximum drawdown of -48.53%. Use the drawdown chart below to compare losses from any high point for CCO.TO and URNM.
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Drawdown Indicators
| CCO.TO | URNM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.63% | -50.78% | -32.85% |
Max Drawdown (1Y)Largest decline over 1 year | -24.86% | -30.79% | +5.93% |
Max Drawdown (5Y)Largest decline over 5 years | -39.52% | -50.78% | +11.26% |
Max Drawdown (10Y)Largest decline over 10 years | -52.84% | — | — |
Current DrawdownCurrent decline from peak | -16.72% | -24.81% | +8.09% |
Average DrawdownAverage peak-to-trough decline | -39.18% | -17.89% | -21.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.48% | 11.08% | -1.60% |
Volatility
CCO.TO vs. URNM - Volatility Comparison
Cameco Corporation (CCO.TO) and NorthShore Global Uranium Mining ETF (URNM) have volatilities of 17.06% and 16.63%, 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
| CCO.TO | URNM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.06% | 16.63% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 41.00% | 38.97% | +2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.44% | 49.62% | +3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.84% | 45.54% | +2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.62% | 44.27% | +0.35% |