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

DML.TO vs. CCO.TO

Last updated Apr 1, 2026

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

Performance

DML.TO vs. CCO.TO - Performance Comparison

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

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

2026 (YTD)202520242023202220212020201920182017
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%
CCO.TO
Cameco Corporation		20.37%70.37%29.62%86.52%11.71%62.18%48.65%-24.97%34.00%-14.67%

Fundamentals

Market Cap

DML.TO:

CA$4.44B

CCO.TO:

CA$65.88B

EPS

DML.TO:

-CA$0.24

CCO.TO:

CA$1.35

PS Ratio

DML.TO:

902.65

CCO.TO:

18.92

PB Ratio

DML.TO:

12.07

CCO.TO:

9.54

Total Revenue (TTM)

DML.TO:

CA$4.92M

CCO.TO:

CA$3.48B

Gross Profit (TTM)

DML.TO:

-CA$23.94M

CCO.TO:

CA$1.17B

EBITDA (TTM)

DML.TO:

-CA$171.25M

CCO.TO:

CA$842.73M

Returns By Period

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

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%

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

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Denison Mines Corp.

Cameco Corporation

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
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

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
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
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.

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

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

DML.TOCCO.TODifference

Sharpe ratio

Return per unit of total volatility

2.60

2.94

-0.33

Sortino ratio

Return per unit of downside risk

3.08

3.49

-0.42

Omega ratio

Gain probability vs. loss probability

1.36

1.43

-0.07

Calmar ratio

Return relative to maximum drawdown

5.41

6.16

-0.74

Martin ratio

Return relative to average drawdown

14.89

16.14

-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.

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

The current DML.TO Sharpe Ratio is 2.60, which is comparable to the CCO.TO Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of DML.TO and CCO.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

DML.TOCCO.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.60

2.94

-0.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.45

1.01

-0.56

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.34

0.58

-0.24

Sharpe Ratio (All Time)

Calculated using the full available price history

0.07

0.37

-0.30

Correlation

The correlation between DML.TO and CCO.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

DML.TO vs. CCO.TO - Dividend Comparison

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

TTM20252024202320222021202020192018201720162015
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%
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%

Drawdowns

DML.TO vs. CCO.TO - Drawdown Comparison

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

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Drawdown Indicators

DML.TOCCO.TODifference

Max Drawdown

Largest peak-to-trough decline

-97.88%

-83.63%

-14.25%

Max Drawdown (1Y)

Largest decline over 1 year

-29.20%

-24.86%

-4.34%

Max Drawdown (5Y)

Largest decline over 5 years

-53.05%

-39.52%

-13.53%

Max Drawdown (10Y)

Largest decline over 10 years

-73.39%

-52.84%

-20.55%

Current Drawdown

Current decline from peak

-63.92%

-16.72%

-47.20%

Average Drawdown

Average peak-to-trough decline

-73.75%

-39.18%

-34.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.62%

9.48%

+1.14%

Volatility

DML.TO vs. CCO.TO - Volatility Comparison

Denison Mines Corp. (DML.TO) has a higher volatility of 20.22% compared to Cameco Corporation (CCO.TO) at 17.06%. This indicates that DML.TO's price experiences larger fluctuations and is considered to be riskier than CCO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DML.TOCCO.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

20.22%

17.06%

+3.16%

Volatility (6M)

Calculated over the trailing 6-month period

45.60%

41.00%

+4.60%

Volatility (1Y)

Calculated over the trailing 1-year period

62.80%

53.44%

+9.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

60.97%

47.84%

+13.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

62.42%

44.62%

+17.80%

Financials

DML.TO vs. CCO.TO - Financials Comparison

This section allows you to compare key financial metrics between Denison Mines Corp. and Cameco Corporation. 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
1.22M
1.20B
(DML.TO) Total Revenue
(CCO.TO) Total Revenue
Values in CAD except per share items