LUN.TO vs. CCO.TO
LUN.TO (Lundin Mining Corporation) and CCO.TO (Cameco Corporation) are both stocks. LUN.TO operates in Copper (Basic Materials), while CCO.TO operates in Uranium (Energy). Over the past 10 years, LUN.TO returned 27.33%/yr vs 26.75%/yr for CCO.TO. At a 0.38 correlation, their price movements are largely independent.
Performance
LUN.TO vs. CCO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, LUN.TO achieves a 29.22% return, which is significantly higher than CCO.TO's 16.89% return. Both investments have delivered pretty close results over the past 10 years, with LUN.TO having a 27.33% annualized return and CCO.TO not far behind at 26.75%.
LUN.TO
- 1D
- 2.26%
- 1M
- 2.49%
- YTD
- 29.22%
- 6M
- 50.43%
- 1Y
- 164.52%
- 3Y*
- 59.24%
- 5Y*
- 28.33%
- 10Y*
- 27.33%
CCO.TO
- 1D
- 1.96%
- 1M
- -8.17%
- YTD
- 16.89%
- 6M
- 16.59%
- 1Y
- 77.90%
- 3Y*
- 53.26%
- 5Y*
- 41.88%
- 10Y*
- 26.75%
LUN.TO vs. CCO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LUN.TO Lundin Mining Corporation | 29.22% | 141.86% | 17.72% | 35.67% | -11.74% | -9.34% | 49.12% | 40.12% | -31.40% | 32.67% |
CCO.TO Cameco Corporation | 16.89% | 70.37% | 29.62% | 86.52% | 11.71% | 62.18% | 48.65% | -24.97% | 34.00% | -14.67% |
Correlation
The correlation between LUN.TO and CCO.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2006 | 0.38 |
Fundamentals
LUN.TO:
CA$32.76B
CCO.TO:
CA$64.00B
LUN.TO:
CA$1.69
CCO.TO:
CA$1.49
LUN.TO:
22.54
CCO.TO:
98.35
LUN.TO:
0.14
CCO.TO:
0.82
LUN.TO:
8.10
CCO.TO:
18.08
LUN.TO:
4.78
CCO.TO:
9.06
LUN.TO:
CA$4.04B
CCO.TO:
CA$3.54B
LUN.TO:
CA$1.55B
CCO.TO:
CA$1.13B
LUN.TO:
CA$1.92B
CCO.TO:
CA$818.74M
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Return for Risk
LUN.TO vs. CCO.TO — Risk / Return Rank
LUN.TO
CCO.TO
LUN.TO vs. CCO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lundin Mining Corporation (LUN.TO) and Cameco Corporation (CCO.TO). 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.
| LUN.TO | CCO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.26 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.92 | 3.15 | +1.77 |
| Martin ratioReturn relative to average drawdown | 16.40 | 7.12 | +9.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LUN.TO | CCO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.15 | 1.44 | +1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.88 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.60 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.17 | -0.02 |
Drawdowns
LUN.TO vs. CCO.TO - Drawdown Comparison
The maximum LUN.TO drawdown since its inception was -95.33%, which is greater than CCO.TO's maximum drawdown of -83.63%. Use the drawdown chart below to compare losses from any high point for LUN.TO and CCO.TO.
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Drawdown Indicators
| LUN.TO | CCO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.33% | -83.63% | -11.70% |
Max Drawdown (1Y)Largest decline over 1 year | -33.67% | -24.86% | -8.81% |
Max Drawdown (3Y)Largest decline over 3 years | -47.11% | -39.52% | -7.59% |
Max Drawdown (5Y)Largest decline over 5 years | -53.91% | -39.52% | -14.39% |
Max Drawdown (10Y)Largest decline over 10 years | -57.61% | -52.84% | -4.77% |
Current DrawdownCurrent decline from peak | -14.17% | -19.13% | +4.96% |
Average DrawdownAverage peak-to-trough decline | -48.72% | -48.39% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.08% | 10.98% | -0.90% |
Volatility
LUN.TO vs. CCO.TO - Volatility Comparison
Lundin Mining Corporation (LUN.TO) has a higher volatility of 20.66% compared to Cameco Corporation (CCO.TO) at 15.64%. This indicates that LUN.TO's price experiences larger fluctuations and is considered to be riskier than CCO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LUN.TO | CCO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.66% | 15.64% | +5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 44.38% | 37.81% | +6.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.71% | 54.65% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.18% | 47.90% | -1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.95% | 45.04% | +0.91% |
Dividends
LUN.TO vs. CCO.TO - Dividend Comparison
LUN.TO's dividend yield for the trailing twelve months is around 0.29%, more than CCO.TO's 0.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCO.TO Cameco Corporation | 0.16% | 0.19% | 0.22% | 0.21% | 0.39% | 0.29% | 0.47% | 0.69% | 0.52% | 3.45% | 2.85% | 2.34% |
LUN.TO Lundin Mining Corporation | 0.29% | 0.68% | 3.64% | 3.32% | 5.66% | 3.95% | 1.42% | 1.55% | 2.13% | 1.44% | 0.00% | 0.00% |
Financials
LUN.TO vs. CCO.TO - Financials Comparison
This section allows you to compare key financial metrics between Lundin Mining Corporation and Cameco Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
LUN.TO vs. CCO.TO - Profitability Comparison
LUN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported a gross profit of 537.50M and revenue of 1.16B. Therefore, the gross margin over that period was 46.4%.
CCO.TO - 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 290.25M and revenue of 845.37M. Therefore, the gross margin over that period was 34.3%.
LUN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported an operating income of 503.80M and revenue of 1.16B, resulting in an operating margin of 43.5%.
CCO.TO - 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 153.89M and revenue of 845.37M, resulting in an operating margin of 18.2%.
LUN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported a net income of 281.40M and revenue of 1.16B, resulting in a net margin of 24.3%.
CCO.TO - 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 130.75M and revenue of 845.37M, resulting in a net margin of 15.5%.
Frequently Asked Questions
LUN.TO and CCO.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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