DNN vs. LEU

Last updated Jun 4, 2026

DNN (Denison Mines Corp) and LEU (Centrus Energy Corp.) are both stocks. Both operate in the Uranium industry within the Energy sector. Over the past 10 years, DNN returned 20.73%/yr vs 49.95%/yr for LEU. At a 0.34 correlation, their price movements are largely independent.

Performance

DNN vs. LEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Denison Mines Corp (DNN) and Centrus Energy Corp. (LEU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DNN achieves a 28.57% return, which is significantly higher than LEU's -25.16% return. Over the past 10 years, DNN has underperformed LEU with an annualized return of 20.73%, while LEU has yielded a comparatively higher 49.95% annualized return.

DNN

• 1D: -6.81%
• 1M: -9.04%
• YTD: 28.57%
• 6M: 26.67%
• 1Y: 102.37%
• 3Y*: 42.98%
• 5Y*: 20.08%
• 10Y*: 20.73%

LEU

• 1D: -8.77%
• 1M: -12.20%
• YTD: -25.16%
• 6M: -32.24%
• 1Y: 38.20%
• 3Y*: 82.56%
• 5Y*: 50.90%
• 10Y*: 49.95%

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

DNN vs. LEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DNN Denison Mines Corp	28.57%	47.78%	1.69%	53.91%	-16.06%	111.75%	54.05%	-9.48%	-15.64%	6.86%
LEU Centrus Energy Corp.	-25.16%	264.45%	22.42%	67.52%	-34.92%	115.78%	236.19%	307.10%	-57.86%	-37.15%

Correlation

The correlation between DNN and LEU is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Feb 10, 2005	0.34

Over the past year, DNN and LEU have become more correlated (0.66) than their long-term average of 0.34, meaning their price movements have been converging.

Fundamentals

Market Cap DNN : $3.09B LEU : $4.08B
EPS DNN : -$0.28 LEU : $2.89
PS Ratio DNN : 710.40 LEU : 8.41
PB Ratio DNN : 11.84 LEU : 5.26
Total Revenue (TTM) DNN : $4.34M LEU : $452.30M
Gross Profit (TTM) DNN : -$12.87M LEU : $116.10M
EBITDA (TTM) DNN : -$155.36M LEU : $70.50M

Return for Risk

DNN vs. LEU — Risk / Return Rank

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

DNN

DNN Risk / Return Rank: 81
DNN Sharpe Ratio Rank: 84
DNN Sortino Ratio Rank: 80
DNN Omega Ratio Rank: 75
DNN Calmar Ratio Rank: 85
DNN Martin Ratio Rank: 83

LEU

LEU Risk / Return Rank: 55
LEU Sharpe Ratio Rank: 55
LEU Sortino Ratio Rank: 58
LEU Omega Ratio Rank: 55
LEU Calmar Ratio Rank: 54
LEU Martin Ratio Rank: 51

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. LEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Denison Mines Corp (DNN) and Centrus Energy Corp. (LEU). 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.

	DNN	LEU	Difference
Sharpe ratio: Return per unit of total volatility	1.70	0.43	+1.28
Sortino ratio: Return per unit of downside risk	2.31	1.19	+1.12
Omega ratio: Gain probability vs. loss probability	1.27	1.14	+0.13
Calmar ratio: Return relative to maximum drawdown	3.49	0.63	+2.86
Martin ratio: Return relative to average drawdown	8.03	1.03	+7.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DNN vs. LEU - Sharpe Ratio Comparison

The current DNN Sharpe Ratio is 1.70, which is higher than the LEU Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of DNN and LEU, 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

	DNN	LEU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	0.43	+1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.59	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.61	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	-0.10	+0.02

Drawdowns

DNN vs. LEU - Drawdown Comparison

The maximum DNN drawdown since its inception was -98.96%, roughly equal to the maximum LEU drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for DNN and LEU.

Drawdown Indicators

	DNN	LEU	Difference
Max Drawdown Largest peak-to-trough decline	-98.96%	-99.98%	+1.02%
Max Drawdown (1Y) Largest decline over 1 year	-29.50%	-61.35%	+31.85%
Max Drawdown (3Y) Largest decline over 3 years	-52.48%	-61.35%	+8.87%
Max Drawdown (5Y) Largest decline over 5 years	-55.66%	-78.23%	+22.57%
Max Drawdown (10Y) Largest decline over 10 years	-75.90%	-83.84%	+7.94%
Current Drawdown Current decline from peak	-82.26%	-97.32%	+15.06%
Average Drawdown Average peak-to-trough decline	-85.07%	-73.97%	-11.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.80%	37.16%	-24.36%

Volatility

DNN vs. LEU - Volatility Comparison

The current volatility for Denison Mines Corp (DNN) is 17.16%, while Centrus Energy Corp. (LEU) has a volatility of 23.93%. This indicates that DNN experiences smaller price fluctuations and is considered to be less risky than LEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DNN	LEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.16%	23.93%	-6.77%
Volatility (6M) Calculated over the trailing 6-month period	45.08%	64.49%	-19.41%
Volatility (1Y) Calculated over the trailing 1-year period	61.44%	90.47%	-29.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.44%	86.12%	-22.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.19%	82.26%	-18.07%

Dividends

DNN vs. LEU - Dividend Comparison

Neither DNN nor LEU has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both DNN and LEU in my portfolio?

DNN and LEU have a correlation of 0.66, 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 LEU?

LEU has higher volatility (23.93%) compared to DNN (17.16%). In terms of maximum drawdown, DNN dropped -98.96% vs LEU's -99.98%.

Which has better risk-adjusted returns?

DNN currently has the higher Sharpe Ratio (1.70 vs 0.42), 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.