DNN vs. FMST

Last updated Jul 17, 2026

DNN (Denison Mines Corp) and FMST (Foremost Lithium Resource & Technology Ltd. Common stock) are both stocks. DNN operates in Uranium (Energy), while FMST operates in Chemicals (Basic Materials). Over the past year, DNN returned 40.39% vs -37.60% for FMST. At a 0.31 correlation, their price movements are largely independent.

Performance

DNN vs. FMST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Denison Mines Corp (DNN) and Foremost Lithium Resource & Technology Ltd. Common stock (FMST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DNN achieves a 7.14% return, which is significantly higher than FMST's -24.06% return.

DNN

• 1D: -7.77%
• 1M: -14.41%
• 6M: -19.72%
• YTD: 7.14%
• 1Y: 40.39%
• 3Y*: 31.62%
• 5Y*: 23.54%
• 10Y*: 17.71%

FMST

• 1D: -1.23%
• 1M: 5.92%
• 6M: -26.15%
• YTD: -24.06%
• 1Y: -37.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DNN vs. FMST - Yearly Performance Comparison

	2026 (YTD)	2025
DNN Denison Mines Corp	7.14%	38.54%
FMST Foremost Lithium Resource & Technology Ltd. Common stock	-24.06%	37.66%

Correlation

The correlation between DNN and FMST is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jan 31, 2025	0.31

The correlation between DNN and FMST shifts across timeframes, from 0.31 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap DNN : $2.58B FMST : $20.04M
EPS DNN : -CA$0.28 FMST : -CA$0.50
PB Ratio DNN : 13.86 FMST : 0.92
Total Revenue (TTM) DNN : CA$4.34M FMST : CA$0.00
Gross Profit (TTM) DNN : -CA$12.87M FMST : CA$0.00
EBITDA (TTM) DNN : -CA$155.36M FMST : -CA$6.08M

Return for Risk

DNN vs. FMST — Risk / Return Rank

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

DNN

DNN Risk / Return Rank: 66
DNN Sharpe Ratio Rank: 67
DNN Sortino Ratio Rank: 65
DNN Omega Ratio Rank: 62
DNN Calmar Ratio Rank: 68
DNN Martin Ratio Rank: 67

FMST

FMST Risk / Return Rank: 28
FMST Sharpe Ratio Rank: 27
FMST Sortino Ratio Rank: 32
FMST Omega Ratio Rank: 32
FMST Calmar Ratio Rank: 24
FMST Martin Ratio Rank: 27

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.

DNN vs. FMST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Denison Mines Corp (DNN) and Foremost Lithium Resource & Technology Ltd. Common stock (FMST). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DNN	FMST	Difference
Sharpe ratio: Return per unit of total volatility	0.67	-0.40	+1.07
Sortino ratio: Return per unit of downside risk	1.30	-0.06	+1.36
Omega ratio: Gain probability vs. loss probability	1.15	0.99	+0.16
Calmar ratio: Return relative to maximum drawdown	1.15	-0.56	+1.71
Martin ratio: Return relative to average drawdown	2.54	-0.84	+3.38

DNN vs. FMST - Sharpe Ratio Comparison

The current DNN Sharpe Ratio is 0.67, which is higher than the FMST Sharpe Ratio of -0.40. The chart below compares the historical Sharpe Ratios of DNN and FMST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DNN vs. FMST - Drawdown Comparison

The maximum DNN drawdown since its inception was -98.96%, which is greater than FMST's maximum drawdown of -74.54%. Use the drawdown chart below to compare losses from any high point for DNN and FMST.

Drawdown Indicators

	DNN	FMST	Difference
Max Drawdown Largest peak-to-trough decline	-98.96%	-74.54%	-24.42%
Max Drawdown (1Y) Largest decline over 1 year	-35.24%	-67.91%	+32.67%
Max Drawdown (3Y) Largest decline over 3 years	-52.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-55.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-75.90%	—	—
Current Drawdown Current decline from peak	-85.22%	-70.30%	-14.92%
Average Drawdown Average peak-to-trough decline	-85.04%	-50.16%	-34.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.94%	44.70%	-28.76%

Volatility

DNN vs. FMST - Volatility Comparison

The current volatility for Denison Mines Corp (DNN) is 14.08%, while Foremost Lithium Resource & Technology Ltd. Common stock (FMST) has a volatility of 20.85%. This indicates that DNN experiences smaller price fluctuations and is considered to be less risky than FMST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DNN	FMST	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.08%	20.85%	-6.77%
Volatility (6M) Calculated over the trailing 6-month period	45.63%	59.44%	-13.81%
Volatility (1Y) Calculated over the trailing 1-year period	60.87%	94.63%	-33.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.33%	118.43%	-55.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.38%	118.43%	-54.05%

Dividends

DNN vs. FMST - Dividend Comparison

Neither DNN nor FMST has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both DNN and FMST in my portfolio?

DNN and FMST have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DNN or FMST?

FMST has higher volatility (20.85%) compared to DNN (14.08%). In terms of maximum drawdown, DNN dropped -98.96% vs FMST's -74.54%.

Which has better risk-adjusted returns?

DNN currently has the higher Sharpe Ratio (0.67 vs -0.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.