FMST vs. DNN

Last updated Jun 24, 2026

FMST (Foremost Lithium Resource & Technology Ltd. Common stock) and DNN (Denison Mines Corp) are both stocks. FMST operates in Chemicals (Basic Materials), while DNN operates in Uranium (Energy). Over the past year, FMST returned -55.23% vs 86.86% for DNN. At a 0.32 correlation, their price movements are largely independent.

Performance

FMST vs. DNN - Performance Comparison

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

Returns By Period

In the year-to-date period, FMST achieves a -27.36% return, which is significantly lower than DNN's 22.93% return.

FMST

• 1D: -0.65%
• 1M: -4.94%
• YTD: -27.36%
• 6M: -36.63%
• 1Y: -55.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DNN

• 1D: 0.00%
• 1M: 1.24%
• YTD: 22.93%
• 6M: 17.63%
• 1Y: 86.86%
• 3Y*: 40.46%
• 5Y*: 19.36%
• 10Y*: 19.73%

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

FMST vs. DNN - Yearly Performance Comparison

	2026 (YTD)	2025
FMST Foremost Lithium Resource & Technology Ltd. Common stock	-27.36%	37.66%
DNN Denison Mines Corp	22.93%	38.54%

Correlation

The correlation between FMST and DNN is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jan 31, 2025	0.32

The correlation between FMST and DNN shifts across timeframes, from 0.32 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap FMST : $22.11M DNN : $2.95B
EPS FMST : -CA$0.27 DNN : -CA$0.28
PB Ratio FMST : 0.91 DNN : 16.04
Total Revenue (TTM) FMST : CA$0.00 DNN : CA$4.34M
Gross Profit (TTM) FMST : CA$0.00 DNN : -CA$12.87M
EBITDA (TTM) FMST : -CA$3.43M DNN : -CA$155.36M

Return for Risk

FMST vs. DNN — Risk / Return Rank

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

FMST

FMST Risk / Return Rank: 16
FMST Sharpe Ratio Rank: 17
FMST Sortino Ratio Rank: 19
FMST Omega Ratio Rank: 21
FMST Calmar Ratio Rank: 10
FMST Martin Ratio Rank: 13

DNN

DNN Risk / Return Rank: 78
DNN Sharpe Ratio Rank: 81
DNN Sortino Ratio Rank: 77
DNN Omega Ratio Rank: 74
DNN Calmar Ratio Rank: 80
DNN Martin Ratio Rank: 80

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.

FMST vs. DNN - Risk-Adjusted Trends Comparison

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

	FMST	DNN	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	1.45	-2.02
Sortino ratio: Return per unit of downside risk	-0.56	2.06	-2.62
Omega ratio: Gain probability vs. loss probability	0.94	1.24	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.83	2.48	-3.31
Martin ratio: Return relative to average drawdown	-1.27	6.13	-7.40

FMST vs. DNN - Sharpe Ratio Comparison

The current FMST Sharpe Ratio is -0.58, which is lower than the DNN Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of FMST and DNN, 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

FMST vs. DNN - Drawdown Comparison

The maximum FMST drawdown since its inception was -73.43%, smaller than the maximum DNN drawdown of -98.96%. Use the drawdown chart below to compare losses from any high point for FMST and DNN.

Drawdown Indicators

	FMST	DNN	Difference
Max Drawdown Largest peak-to-trough decline	-73.43%	-98.96%	+25.53%
Max Drawdown (1Y) Largest decline over 1 year	-66.51%	-35.24%	-31.27%
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	-71.59%	-83.04%	+11.45%
Average Drawdown Average peak-to-trough decline	-49.24%	-85.05%	+35.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.49%	14.22%	+29.27%

Volatility

FMST vs. DNN - Volatility Comparison

Foremost Lithium Resource & Technology Ltd. Common stock (FMST) and Denison Mines Corp (DNN) have volatilities of 21.06% and 20.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMST	DNN	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.06%	20.48%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	58.73%	46.54%	+12.19%
Volatility (1Y) Calculated over the trailing 1-year period	96.37%	60.27%	+36.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	119.95%	63.45%	+56.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	119.95%	64.32%	+55.63%

Dividends

FMST vs. DNN - Dividend Comparison

Neither FMST nor DNN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both FMST and DNN in my portfolio?

FMST and DNN have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMST or DNN?

FMST has higher volatility (21.06%) compared to DNN (20.48%). In terms of maximum drawdown, FMST dropped -73.43% vs DNN's -98.96%.

Which has better risk-adjusted returns?

DNN currently has the higher Sharpe Ratio (1.45 vs -0.58), 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.