DNN vs. NXE

Last updated Apr 2, 2026

Compare and contrast key facts about Denison Mines Corp (DNN) and NexGen Energy Ltd. (NXE).

Performance

DNN vs. NXE - Performance Comparison

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

DNN vs. NXE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DNN Denison Mines Corp	37.59%	47.78%	1.69%	53.91%	-16.06%	111.75%	54.05%	-9.48%	-15.64%	6.86%
NXE NexGen Energy Ltd.	26.09%	39.39%	-5.71%	58.01%	1.37%	58.33%	115.62%	-28.09%	-30.47%	48.75%

Fundamentals

Market Cap DNN : $3.30B NXE : $7.10B
EPS DNN : -$0.24 NXE : -$0.53
PB Ratio DNN : 8.97 NXE : 3.88
Total Revenue (TTM) DNN : $4.92M NXE : $0.00
Gross Profit (TTM) DNN : -$23.92M NXE : -$563.54K
EBITDA (TTM) DNN : -$171.24M NXE : -$251.37M

Returns By Period

In the year-to-date period, DNN achieves a 37.59% return, which is significantly higher than NXE's 26.09% return. Over the past 10 years, DNN has underperformed NXE with an annualized return of 20.65%, while NXE has yielded a comparatively higher 23.11% annualized return.

DNN

• 1D: 3.68%
• 1M: -16.25%
• YTD: 37.59%
• 6M: 32.13%
• 1Y: 181.54%
• 3Y*: 49.74%
• 5Y*: 25.41%
• 10Y*: 20.65%

NXE

• 1D: 0.00%
• 1M: -12.78%
• YTD: 26.09%
• 6M: 27.75%
• 1Y: 152.72%
• 3Y*: 44.68%
• 5Y*: 25.01%
• 10Y*: 23.11%

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

Return for Risk

DNN vs. NXE — Risk / Return Rank

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

DNN

DNN Risk / Return Rank: 94
DNN Sharpe Ratio Rank: 96
DNN Sortino Ratio Rank: 93
DNN Omega Ratio Rank: 88
DNN Calmar Ratio Rank: 96
DNN Martin Ratio Rank: 95

NXE

NXE Risk / Return Rank: 94
NXE Sharpe Ratio Rank: 95
NXE Sortino Ratio Rank: 93
NXE Omega Ratio Rank: 89
NXE Calmar Ratio Rank: 96
NXE Martin Ratio Rank: 96

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. NXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Denison Mines Corp (DNN) and NexGen Energy Ltd. (NXE). 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	NXE	Difference
Sharpe ratio Return per unit of total volatility	2.88	2.76	+0.12
Sortino ratio Return per unit of downside risk	3.21	3.30	-0.10
Omega ratio Gain probability vs. loss probability	1.38	1.39	-0.01
Calmar ratio Return relative to maximum drawdown	6.15	6.98	-0.82
Martin ratio Return relative to average drawdown	17.13	18.55	-1.42
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. NXE - Sharpe Ratio Comparison

The current DNN Sharpe Ratio is 2.88, which is comparable to the NXE Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of DNN and NXE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DNN	NXE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	2.76	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.43	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.37	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	0.56	-0.63

Correlation

The correlation between DNN and NXE is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DNN vs. NXE - Dividend Comparison

Neither DNN nor NXE has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

DNN vs. NXE - Drawdown Comparison

The maximum DNN drawdown since its inception was -98.96%, which is greater than NXE's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for DNN and NXE.

Drawdown Indicators

	DNN	NXE	Difference
Max Drawdown Largest peak-to-trough decline	-98.96%	-82.98%	-15.98%
Max Drawdown (1Y) Largest decline over 1 year	-29.50%	-22.70%	-6.80%
Max Drawdown (5Y) Largest decline over 5 years	-55.66%	-54.28%	-1.38%
Max Drawdown (10Y) Largest decline over 10 years	-75.90%	-82.98%	+7.08%
Current Drawdown Current decline from peak	-81.02%	-16.67%	-64.35%
Average Drawdown Average peak-to-trough decline	-85.10%	-28.88%	-56.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.60%	8.53%	+2.07%

Volatility

DNN vs. NXE - Volatility Comparison

Denison Mines Corp (DNN) has a higher volatility of 18.81% compared to NexGen Energy Ltd. (NXE) at 13.91%. This indicates that DNN's price experiences larger fluctuations and is considered to be riskier than NXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DNN	NXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.81%	13.91%	+4.90%
Volatility (6M) Calculated over the trailing 6-month period	45.63%	41.04%	+4.59%
Volatility (1Y) Calculated over the trailing 1-year period	63.53%	55.69%	+7.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.33%	58.62%	+5.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.17%	62.08%	+2.09%

Financials