NXE vs. CCO.TO

Last updated Apr 2, 2026

Compare and contrast key facts about NexGen Energy Ltd. (NXE) and Cameco Corporation (CCO.TO).

Performance

NXE vs. CCO.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NexGen Energy Ltd. (NXE) and Cameco Corporation (CCO.TO). The values are adjusted to include any dividend payments, if applicable.

NXE vs. CCO.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NXE NexGen Energy Ltd.	26.09%	39.39%	-5.71%	58.01%	1.37%	58.33%	115.62%	-28.09%	-30.47%	48.75%
CCO.TO Cameco Corporation	21.44%	78.54%	19.38%	90.76%	4.23%	63.38%	51.62%	-21.22%	23.59%	-8.78%

Different Trading Currencies

NXE is traded in USD, while CCO.TO is traded in CAD. To make them comparable, the CCO.TO values have been converted to USD using the latest available exchange rates.

Fundamentals

Market Cap NXE : $7.10B CCO.TO : CA$67.24B
EPS NXE : -$0.53 CCO.TO : CA$1.35
PB Ratio NXE : 3.88 CCO.TO : 9.74
Total Revenue (TTM) NXE : $0.00 CCO.TO : CA$3.48B
Gross Profit (TTM) NXE : -$563.54K CCO.TO : CA$1.17B
EBITDA (TTM) NXE : -$251.37M CCO.TO : CA$842.73M

Returns By Period

In the year-to-date period, NXE achieves a 26.09% return, which is significantly higher than CCO.TO's 18.83% return. Over the past 10 years, NXE has underperformed CCO.TO with an annualized return of 23.11%, while CCO.TO has yielded a comparatively higher 25.00% annualized return.

NXE

• 1D: 0.00%
• 1M: -12.78%
• YTD: 26.09%
• 6M: 27.75%
• 1Y: 152.72%
• 3Y*: 44.68%
• 5Y*: 25.01%
• 10Y*: 23.11%

CCO.TO

• 1D: 0.00%
• 1M: -13.41%
• YTD: 18.83%
• 6M: 30.53%
• 1Y: 160.56%
• 3Y*: 61.09%
• 5Y*: 44.93%
• 10Y*: 25.00%

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

Return for Risk

NXE vs. CCO.TO — Risk / Return Rank

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

NXE

NXE Risk / Return Rank: 94
NXE Sharpe Ratio Rank: 95
NXE Sortino Ratio Rank: 93
NXE Omega Ratio Rank: 89
NXE Calmar Ratio Rank: 96
NXE Martin Ratio Rank: 96

CCO.TO

CCO.TO Risk / Return Rank: 95
CCO.TO Sharpe Ratio Rank: 96
CCO.TO Sortino Ratio Rank: 95
CCO.TO Omega Ratio Rank: 92
CCO.TO Calmar Ratio Rank: 96
CCO.TO Martin Ratio Rank: 95

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.

NXE vs. CCO.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NexGen Energy Ltd. (NXE) 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.

	NXE	CCO.TO	Difference
Sharpe ratio Return per unit of total volatility	2.76	2.96	-0.20
Sortino ratio Return per unit of downside risk	3.30	3.53	-0.22
Omega ratio Gain probability vs. loss probability	1.39	1.44	-0.05
Calmar ratio Return relative to maximum drawdown	6.98	6.41	+0.57
Martin ratio Return relative to average drawdown	18.55	16.95	+1.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NXE vs. CCO.TO - Sharpe Ratio Comparison

The current NXE Sharpe Ratio is 2.76, which is comparable to the CCO.TO Sharpe Ratio of 2.96. The chart below compares the historical Sharpe Ratios of NXE and CCO.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NXE	CCO.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.76	2.96	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.91	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.54	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.33	+0.24

Correlation

The correlation between NXE and CCO.TO is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NXE vs. CCO.TO - Dividend Comparison

NXE has not paid dividends to shareholders, while CCO.TO's dividend yield for the trailing twelve months is around 0.16%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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%

Drawdowns

NXE vs. CCO.TO - Drawdown Comparison

The maximum NXE drawdown since its inception was -82.98%, roughly equal to the maximum CCO.TO drawdown of -85.07%. Use the drawdown chart below to compare losses from any high point for NXE and CCO.TO.

Drawdown Indicators

	NXE	CCO.TO	Difference
Max Drawdown Largest peak-to-trough decline	-82.98%	-83.63%	+0.65%
Max Drawdown (1Y) Largest decline over 1 year	-22.70%	-24.86%	+2.16%
Max Drawdown (5Y) Largest decline over 5 years	-54.28%	-39.52%	-14.76%
Max Drawdown (10Y) Largest decline over 10 years	-82.98%	-52.84%	-30.14%
Current Drawdown Current decline from peak	-16.67%	-15.00%	-1.67%
Average Drawdown Average peak-to-trough decline	-28.88%	-39.18%	+10.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.53%	9.53%	-1.00%

Volatility

NXE vs. CCO.TO - Volatility Comparison

The current volatility for NexGen Energy Ltd. (NXE) is 13.91%, while Cameco Corporation (CCO.TO) has a volatility of 16.10%. This indicates that NXE experiences smaller price fluctuations and is considered to be less risky than CCO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXE	CCO.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.91%	16.10%	-2.19%
Volatility (6M) Calculated over the trailing 6-month period	41.04%	41.73%	-0.69%
Volatility (1Y) Calculated over the trailing 1-year period	55.69%	54.61%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.62%	49.73%	+8.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.08%	46.33%	+15.75%

Financials