NXE vs. CCJ
NXE (NexGen Energy Ltd.) and CCJ (Cameco Corporation) are both stocks. Both operate in the Uranium industry within the Energy sector. Over the past 10 years, NXE returned 19.43%/yr vs 26.89%/yr for CCJ. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
NXE vs. CCJ - Performance Comparison
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Returns By Period
In the year-to-date period, NXE achieves a 23.26% return, which is significantly lower than CCJ's 25.22% return. Over the past 10 years, NXE has underperformed CCJ with an annualized return of 19.43%, while CCJ has yielded a comparatively higher 26.89% annualized return.
NXE
- 1D
- -8.84%
- 1M
- -8.99%
- YTD
- 23.26%
- 6M
- 21.80%
- 1Y
- 78.02%
- 3Y*
- 36.69%
- 5Y*
- 18.61%
- 10Y*
- 19.43%
CCJ
- 1D
- -4.94%
- 1M
- -3.13%
- YTD
- 25.22%
- 6M
- 28.07%
- 1Y
- 92.33%
- 3Y*
- 56.47%
- 5Y*
- 40.19%
- 10Y*
- 26.89%
NXE vs. CCJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NXE NexGen Energy Ltd. | 23.26% | 39.39% | -5.71% | 58.01% | 1.37% | 58.33% | 115.62% | -28.09% | -30.47% | 48.75% |
CCJ Cameco Corporation | 25.22% | 78.38% | 19.47% | 90.49% | 4.35% | 63.19% | 51.47% | -21.08% | 23.58% | -8.20% |
Correlation
The correlation between NXE and CCJ is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.65 |
The correlation between NXE and CCJ shifts across timeframes, from 0.65 (all time) to 0.84 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NXE:
$7.49B
CCJ:
$49.91B
NXE:
-$0.69
CCJ:
$1.49
NXE:
4.40
CCJ:
7.05
NXE:
$0.00
CCJ:
$3.54B
NXE:
-$992.64K
CCJ:
$1.04B
NXE:
-$247.46M
CCJ:
$996.66M
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Return for Risk
NXE vs. CCJ — Risk / Return Rank
NXE
CCJ
NXE vs. CCJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NexGen Energy Ltd. (NXE) 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.
| NXE | CCJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 3.61 | -0.39 |
| Martin ratioReturn relative to average drawdown | 7.42 | 8.18 | -0.75 |
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
| NXE | CCJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 1.69 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.81 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.58 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.24 | +0.31 |
Drawdowns
NXE vs. CCJ - Drawdown Comparison
The maximum NXE drawdown since its inception was -82.98%, smaller than the maximum CCJ drawdown of -87.53%. Use the drawdown chart below to compare losses from any high point for NXE and CCJ.
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Drawdown Indicators
| NXE | CCJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.98% | -87.53% | +4.55% |
Max Drawdown (1Y)Largest decline over 1 year | -24.35% | -25.69% | +1.34% |
Max Drawdown (3Y)Largest decline over 3 years | -54.28% | -40.01% | -14.27% |
Max Drawdown (5Y)Largest decline over 5 years | -54.28% | -40.01% | -14.27% |
Max Drawdown (10Y)Largest decline over 10 years | -82.98% | -57.22% | -25.76% |
Current DrawdownCurrent decline from peak | -18.53% | -14.56% | -3.97% |
Average DrawdownAverage peak-to-trough decline | -28.64% | -46.10% | +17.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.54% | 11.33% | -0.79% |
Volatility
NXE vs. CCJ - Volatility Comparison
NexGen Energy Ltd. (NXE) has a higher volatility of 18.77% compared to Cameco Corporation (CCJ) at 15.87%. This indicates that NXE's price experiences larger fluctuations and is considered to be riskier than CCJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXE | CCJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.77% | 15.87% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 39.21% | 38.06% | +1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.23% | 54.94% | -0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.86% | 49.69% | +8.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.50% | 46.60% | +14.90% |
Dividends
NXE vs. CCJ - Dividend Comparison
NXE has not paid dividends to shareholders, while CCJ's dividend yield for the trailing twelve months is around 0.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCJ Cameco Corporation | 0.15% | 0.19% | 0.22% | 0.20% | 0.39% | 0.29% | 0.46% | 0.67% | 0.53% | 4.33% | 3.82% | 3.24% |
NXE NexGen Energy Ltd. | 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
NXE vs. CCJ - Financials Comparison
This section allows you to compare key financial metrics between NexGen Energy Ltd. 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
Frequently Asked Questions
NXE and CCJ have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXE has higher volatility (18.77%) compared to CCJ (15.87%). In terms of maximum drawdown, NXE dropped -82.98% vs CCJ's -87.53%.
CCJ currently has the higher Sharpe Ratio (1.69 vs 1.45), 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.
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