DNN vs. VOO

Last updated Jun 13, 2026

DNN (Denison Mines Corp) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, DNN returned 18.94%/yr vs 15.50%/yr for VOO. At a 0.37 correlation, their price movements are largely independent.

Performance

DNN vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Denison Mines Corp (DNN) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DNN achieves a 15.04% return, which is significantly higher than VOO's 9.08% return. Over the past 10 years, DNN has outperformed VOO with an annualized return of 18.94%, while VOO has yielded a comparatively lower 15.50% annualized return.

DNN

• 1D: 2.00%
• 1M: -12.32%
• YTD: 15.04%
• 6M: 17.24%
• 1Y: 85.45%
• 3Y*: 36.24%
• 5Y*: 16.76%
• 10Y*: 18.94%

VOO

• 1D: 0.55%
• 1M: -0.84%
• YTD: 9.08%
• 6M: 9.44%
• 1Y: 25.76%
• 3Y*: 20.95%
• 5Y*: 13.43%
• 10Y*: 15.50%

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

DNN vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DNN Denison Mines Corp	15.04%	47.78%	1.69%	53.91%	-16.06%	111.75%	54.05%	-9.48%	-15.64%	6.86%
VOO Vanguard S&P 500 ETF	9.08%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between DNN and VOO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.37

Return for Risk

DNN vs. VOO — Risk / Return Rank

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

DNN

DNN Risk / Return Rank: 80
DNN Sharpe Ratio Rank: 83
DNN Sortino Ratio Rank: 79
DNN Omega Ratio Rank: 75
DNN Calmar Ratio Rank: 81
DNN Martin Ratio Rank: 82

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 69
VOO Omega Ratio Rank: 71
VOO Calmar Ratio Rank: 63
VOO Martin Ratio Rank: 76

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Denison Mines Corp (DNN) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.99	-0.54
Sortino ratio: Return per unit of downside risk	2.09	2.70	-0.61
Omega ratio: Gain probability vs. loss probability	1.25	1.36	-0.12
Calmar ratio: Return relative to maximum drawdown	2.54	2.75	-0.21
Martin ratio: Return relative to average drawdown	6.49	12.42	-5.93

DNN vs. VOO - Sharpe Ratio Comparison

The current DNN Sharpe Ratio is 1.46, which is comparable to the VOO Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of DNN and VOO, 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. VOO - Drawdown Comparison

The maximum DNN drawdown since its inception was -98.96%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DNN and VOO.

Drawdown Indicators

	DNN	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-98.96%	-33.99%	-64.97%
Max Drawdown (1Y) Largest decline over 1 year	-35.24%	-8.90%	-26.34%
Max Drawdown (3Y) Largest decline over 3 years	-52.48%	-18.69%	-33.79%
Max Drawdown (5Y) Largest decline over 5 years	-55.66%	-24.52%	-31.14%
Max Drawdown (10Y) Largest decline over 10 years	-75.90%	-33.99%	-41.91%
Current Drawdown Current decline from peak	-84.13%	-2.34%	-81.79%
Average Drawdown Average peak-to-trough decline	-85.05%	-3.68%	-81.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.74%	1.97%	+11.77%

Volatility

DNN vs. VOO - Volatility Comparison

Denison Mines Corp (DNN) has a higher volatility of 19.82% compared to Vanguard S&P 500 ETF (VOO) at 4.34%. This indicates that DNN's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DNN	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.82%	4.34%	+15.48%
Volatility (6M) Calculated over the trailing 6-month period	46.75%	9.58%	+37.17%
Volatility (1Y) Calculated over the trailing 1-year period	61.29%	12.27%	+49.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.48%	16.88%	+46.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.30%	18.03%	+46.27%

Dividends

DNN vs. VOO - Dividend Comparison

DNN has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.05%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DNN 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%
VOO Vanguard S&P 500 ETF	1.05%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both DNN and VOO in my portfolio?

DNN and VOO have a correlation of 0.39, 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 VOO?

DNN has higher volatility (19.82%) compared to VOO (4.34%). In terms of maximum drawdown, DNN dropped -98.96% vs VOO's -33.99%.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (1.99 vs 1.46), 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.