EVLV vs. CCJ

Last updated Jun 13, 2026

EVLV (Evolv Technologies Holdings Inc) and CCJ (Cameco Corporation) are both stocks. EVLV operates in Security & Protection Services (Industrials), while CCJ operates in Uranium (Energy). Over the past 5 years, EVLV returned -9.60%/yr vs 36.72%/yr for CCJ. At a 0.18 correlation, their price movements are largely independent.

Performance

EVLV vs. CCJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Evolv Technologies Holdings Inc (EVLV) and Cameco Corporation (CCJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVLV achieves a -14.94% return, which is significantly lower than CCJ's 10.35% return.

EVLV

• 1D: -0.81%
• 1M: 6.28%
• YTD: -14.94%
• 6M: -13.12%
• 1Y: 20.59%
• 3Y*: -1.38%
• 5Y*: -9.60%
• 10Y*: —

CCJ

• 1D: 2.01%
• 1M: -10.27%
• YTD: 10.35%
• 6M: 10.35%
• 1Y: 51.75%
• 3Y*: 47.60%
• 5Y*: 36.72%
• 10Y*: 25.74%

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

EVLV vs. CCJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EVLV Evolv Technologies Holdings Inc	-14.94%	81.27%	-16.31%	82.24%	-41.93%	-55.44%	1.11%
CCJ Cameco Corporation	10.35%	78.38%	19.47%	90.49%	4.35%	63.19%	29.00%

Correlation

The correlation between EVLV and CCJ is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Sep 22, 2020	0.18

Fundamentals

Market Cap EVLV : $1.08B CCJ : $43.98B
EPS EVLV : -$0.21 CCJ : CA$1.49
PS Ratio EVLV : 6.69 CCJ : 17.37
PB Ratio EVLV : 8.94 CCJ : 8.68
Total Revenue (TTM) EVLV : $160.23M CCJ : CA$3.54B
Gross Profit (TTM) EVLV : $79.75M CCJ : CA$1.04B
EBITDA (TTM) EVLV : -$39.27M CCJ : CA$996.66M

Return for Risk

EVLV vs. CCJ — Risk / Return Rank

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

EVLV

EVLV Risk / Return Rank: 52
EVLV Sharpe Ratio Rank: 55
EVLV Sortino Ratio Rank: 52
EVLV Omega Ratio Rank: 50
EVLV Calmar Ratio Rank: 52
EVLV Martin Ratio Rank: 51

CCJ

CCJ Risk / Return Rank: 72
CCJ Sharpe Ratio Rank: 73
CCJ Sortino Ratio Rank: 71
CCJ Omega Ratio Rank: 69
CCJ Calmar Ratio Rank: 75
CCJ Martin Ratio Rank: 75

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.

EVLV vs. CCJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolv Technologies Holdings Inc (EVLV) and Cameco Corporation (CCJ). 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.

	EVLV	CCJ	Difference
Sharpe ratio: Return per unit of total volatility	0.34	0.96	-0.63
Sortino ratio: Return per unit of downside risk	0.82	1.68	-0.85
Omega ratio: Gain probability vs. loss probability	1.10	1.20	-0.10
Calmar ratio: Return relative to maximum drawdown	0.40	1.83	-1.43
Martin ratio: Return relative to average drawdown	0.75	4.43	-3.67

EVLV vs. CCJ - Sharpe Ratio Comparison

The current EVLV Sharpe Ratio is 0.34, which is lower than the CCJ Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of EVLV and CCJ, 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

EVLV vs. CCJ - Drawdown Comparison

The maximum EVLV drawdown since its inception was -84.50%, roughly equal to the maximum CCJ drawdown of -87.53%. Use the drawdown chart below to compare losses from any high point for EVLV and CCJ.

Drawdown Indicators

	EVLV	CCJ	Difference
Max Drawdown Largest peak-to-trough decline	-84.50%	-87.53%	+3.03%
Max Drawdown (1Y) Largest decline over 1 year	-44.06%	-29.13%	-14.93%
Max Drawdown (3Y) Largest decline over 3 years	-72.92%	-40.01%	-32.91%
Max Drawdown (5Y) Largest decline over 5 years	-84.21%	-40.01%	-44.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-57.22%	—
Current Drawdown Current decline from peak	-44.13%	-24.71%	-19.42%
Average Drawdown Average peak-to-trough decline	-50.29%	-46.07%	-4.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.37%	11.99%	+11.38%

Volatility

EVLV vs. CCJ - Volatility Comparison

The current volatility for Evolv Technologies Holdings Inc (EVLV) is 15.37%, while Cameco Corporation (CCJ) has a volatility of 17.90%. This indicates that EVLV experiences smaller price fluctuations and is considered to be less risky than CCJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVLV	CCJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.37%	17.90%	-2.53%
Volatility (6M) Calculated over the trailing 6-month period	38.87%	39.91%	-1.04%
Volatility (1Y) Calculated over the trailing 1-year period	52.43%	55.17%	-2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.01%	50.01%	+36.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.57%	46.75%	+33.82%

Dividends

EVLV vs. CCJ - Dividend Comparison

EVLV has not paid dividends to shareholders, while CCJ's dividend yield for the trailing twelve months is around 0.17%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCJ Cameco Corporation	0.17%	0.19%	0.22%	0.20%	0.39%	0.29%	0.46%	0.67%	0.53%	4.33%	3.82%	3.24%
EVLV Evolv Technologies Holdings Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

EVLV vs. CCJ - Profitability Comparison

The chart below illustrates the profitability comparison between Evolv Technologies Holdings Inc and Cameco Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

EVLV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Evolv Technologies Holdings Inc reported a gross profit of 23.60M and revenue of 46.33M. Therefore, the gross margin over that period was 50.9%.

CCJ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cameco Corporation reported a gross profit of 291.00M and revenue of 847.55M. Therefore, the gross margin over that period was 34.3%.

EVLV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Evolv Technologies Holdings Inc reported an operating income of -8.47M and revenue of 46.33M, resulting in an operating margin of -18.3%.

CCJ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cameco Corporation reported an operating income of 154.28M and revenue of 847.55M, resulting in an operating margin of 18.2%.

EVLV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Evolv Technologies Holdings Inc reported a net income of -5.01M and revenue of 46.33M, resulting in a net margin of -10.8%.

CCJ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cameco Corporation reported a net income of 131.09M and revenue of 847.55M, resulting in a net margin of 15.5%.

Frequently Asked Questions

Can I hold both EVLV and CCJ in my portfolio?

EVLV and CCJ have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVLV or CCJ?

CCJ has higher volatility (17.90%) compared to EVLV (15.37%). In terms of maximum drawdown, EVLV dropped -84.50% vs CCJ's -87.53%.

Which has better risk-adjusted returns?

CCJ currently has the higher Sharpe Ratio (0.96 vs 0.34), 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.