LEU vs. DNN

Last updated Jun 23, 2026

LEU (Centrus Energy Corp.) and DNN (Denison Mines Corp) are both stocks. Both operate in the Uranium industry within the Energy sector. Over the past 10 years, LEU returned 50.12%/yr vs 19.73%/yr for DNN. At a 0.34 correlation, their price movements are largely independent.

Performance

LEU vs. DNN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Centrus Energy Corp. (LEU) 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, LEU achieves a -24.34% return, which is significantly lower than DNN's 22.93% return. Over the past 10 years, LEU has outperformed DNN with an annualized return of 50.12%, while DNN has yielded a comparatively lower 19.73% annualized return.

LEU

• 1D: -4.03%
• 1M: 2.41%
• YTD: -24.34%
• 6M: -29.67%
• 1Y: -3.35%
• 3Y*: 78.00%
• 5Y*: 46.24%
• 10Y*: 50.12%

DNN

• 1D: -2.39%
• 1M: 1.24%
• YTD: 22.93%
• 6M: 18.05%
• 1Y: 87.93%
• 3Y*: 40.46%
• 5Y*: 20.08%
• 10Y*: 19.73%

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

LEU vs. DNN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LEU Centrus Energy Corp.	-24.34%	264.45%	22.42%	67.52%	-34.92%	115.78%	236.19%	307.10%	-57.86%	-37.15%
DNN Denison Mines Corp	22.93%	47.78%	1.69%	53.91%	-16.06%	111.75%	54.05%	-9.48%	-15.64%	6.86%

Correlation

The correlation between LEU and DNN is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Feb 9, 2005	0.34

Over the past year, LEU and DNN have become more correlated (0.69) than their long-term average of 0.34, meaning their price movements have been converging.

Fundamentals

Market Cap LEU : $4.12B DNN : $2.95B
EPS LEU : $2.89 DNN : -CA$0.28
PS Ratio LEU : 8.50 DNN : 962.58
PB Ratio LEU : 5.32 DNN : 16.05
Total Revenue (TTM) LEU : $452.30M DNN : CA$4.34M
Gross Profit (TTM) LEU : $116.10M DNN : -CA$12.87M
EBITDA (TTM) LEU : $70.50M DNN : -CA$155.36M

Return for Risk

LEU vs. DNN — Risk / Return Rank

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

LEU

LEU Risk / Return Rank: 42
LEU Sharpe Ratio Rank: 41
LEU Sortino Ratio Rank: 46
LEU Omega Ratio Rank: 44
LEU Calmar Ratio Rank: 40
LEU Martin Ratio Rank: 40

DNN

DNN Risk / Return Rank: 79
DNN Sharpe Ratio Rank: 82
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.

LEU vs. DNN - Risk-Adjusted Trends Comparison

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

	LEU	DNN	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	1.47	-1.50
Sortino ratio: Return per unit of downside risk	0.62	2.08	-1.46
Omega ratio: Gain probability vs. loss probability	1.07	1.25	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.05	2.51	-2.56
Martin ratio: Return relative to average drawdown	-0.08	6.24	-6.33

LEU vs. DNN - Sharpe Ratio Comparison

The current LEU Sharpe Ratio is -0.04, which is lower than the DNN Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of LEU 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

LEU vs. DNN - Drawdown Comparison

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

Drawdown Indicators

	LEU	DNN	Difference
Max Drawdown Largest peak-to-trough decline	-99.98%	-98.96%	-1.02%
Max Drawdown (1Y) Largest decline over 1 year	-66.37%	-35.24%	-31.13%
Max Drawdown (3Y) Largest decline over 3 years	-66.37%	-52.48%	-13.89%
Max Drawdown (5Y) Largest decline over 5 years	-78.23%	-55.66%	-22.57%
Max Drawdown (10Y) Largest decline over 10 years	-83.84%	-75.90%	-7.94%
Current Drawdown Current decline from peak	-97.29%	-83.04%	-14.25%
Average Drawdown Average peak-to-trough decline	-74.00%	-85.05%	+11.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.50%	14.13%	+25.37%

Volatility

LEU vs. DNN - Volatility Comparison

Centrus Energy Corp. (LEU) has a higher volatility of 28.61% compared to Denison Mines Corp (DNN) at 20.50%. This indicates that LEU's price experiences larger fluctuations and is considered to be riskier than DNN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEU	DNN	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.61%	20.50%	+8.11%
Volatility (6M) Calculated over the trailing 6-month period	67.06%	46.66%	+20.40%
Volatility (1Y) Calculated over the trailing 1-year period	92.63%	60.39%	+32.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.66%	63.45%	+23.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.50%	64.36%	+18.14%

Dividends

LEU vs. DNN - Dividend Comparison

Neither LEU nor DNN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both LEU and DNN in my portfolio?

LEU and DNN have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEU or DNN?

LEU has higher volatility (28.61%) compared to DNN (20.50%). In terms of maximum drawdown, LEU dropped -99.98% vs DNN's -98.96%.

Which has better risk-adjusted returns?

DNN currently has the higher Sharpe Ratio (1.47 vs -0.04), 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.