PDN.TO vs. KAP.L

Last updated Jun 4, 2026

PDN.TO (Paladin Energy Ltd) and KAP.L (National Atomic Co Kazatomprom JSC ADR) are both stocks. Both operate in the Uranium industry within the Energy sector. Over the past year, PDN.TO returned 111.46% vs 100.94% for KAP.L. At a 0.32 correlation, their price movements are largely independent.

Performance

PDN.TO vs. KAP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Paladin Energy Ltd (PDN.TO) and National Atomic Co Kazatomprom JSC ADR (KAP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, PDN.TO achieves a 31.80% return, which is significantly lower than KAP.L's 34.85% return.

PDN.TO

• 1D: 3.34%
• 1M: -3.78%
• YTD: 31.80%
• 6M: 44.44%
• 1Y: 111.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KAP.L

• 1D: 1.78%
• 1M: -12.64%
• YTD: 34.85%
• 6M: 26.73%
• 1Y: 100.94%
• 3Y*: 51.48%
• 5Y*: 31.07%
• 10Y*: —

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

PDN.TO vs. KAP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PDN.TO Paladin Energy Ltd	31.80%	29.55%	-0.74%
KAP.L National Atomic Co Kazatomprom JSC ADR	34.85%	48.74%	1.01%

Correlation

The correlation between PDN.TO and KAP.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Dec 30, 2024	0.32

Return for Risk

PDN.TO vs. KAP.L — Risk / Return Rank

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

PDN.TO

PDN.TO Risk / Return Rank: 84
PDN.TO Sharpe Ratio Rank: 86
PDN.TO Sortino Ratio Rank: 82
PDN.TO Omega Ratio Rank: 79
PDN.TO Calmar Ratio Rank: 88
PDN.TO Martin Ratio Rank: 84

KAP.L

KAP.L Risk / Return Rank: 86
KAP.L Sharpe Ratio Rank: 88
KAP.L Sortino Ratio Rank: 84
KAP.L Omega Ratio Rank: 83
KAP.L Calmar Ratio Rank: 86
KAP.L Martin Ratio Rank: 90

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.

PDN.TO vs. KAP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Paladin Energy Ltd (PDN.TO) and National Atomic Co Kazatomprom JSC ADR (KAP.L). 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.

	PDN.TO	KAP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.83	2.16	-0.34
Sortino ratio: Return per unit of downside risk	2.48	2.71	-0.23
Omega ratio: Gain probability vs. loss probability	1.29	1.35	-0.06
Calmar ratio: Return relative to maximum drawdown	4.04	3.98	+0.05
Martin ratio: Return relative to average drawdown	8.43	13.00	-4.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PDN.TO vs. KAP.L - Sharpe Ratio Comparison

The current PDN.TO Sharpe Ratio is 1.83, which is comparable to the KAP.L Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of PDN.TO and KAP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PDN.TO	KAP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	2.16	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.84	-0.16

Drawdowns

PDN.TO vs. KAP.L - Drawdown Comparison

The maximum PDN.TO drawdown since its inception was -58.93%, which is greater than KAP.L's maximum drawdown of -47.89%. Use the drawdown chart below to compare losses from any high point for PDN.TO and KAP.L.

Drawdown Indicators

	PDN.TO	KAP.L	Difference
Max Drawdown Largest peak-to-trough decline	-58.93%	-47.89%	-11.04%
Max Drawdown (1Y) Largest decline over 1 year	-27.76%	-25.19%	-2.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-30.97%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-47.89%	—
Current Drawdown Current decline from peak	-18.98%	-17.36%	-1.62%
Average Drawdown Average peak-to-trough decline	-18.74%	-13.66%	-5.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.27%	7.74%	+5.53%

Volatility

PDN.TO vs. KAP.L - Volatility Comparison

Paladin Energy Ltd (PDN.TO) has a higher volatility of 19.27% compared to National Atomic Co Kazatomprom JSC ADR (KAP.L) at 15.22%. This indicates that PDN.TO's price experiences larger fluctuations and is considered to be riskier than KAP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDN.TO	KAP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.27%	15.22%	+4.05%
Volatility (6M) Calculated over the trailing 6-month period	45.37%	37.27%	+8.10%
Volatility (1Y) Calculated over the trailing 1-year period	61.35%	46.46%	+14.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.83%	46.46%	+19.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.83%	42.45%	+23.38%

Dividends

PDN.TO vs. KAP.L - Dividend Comparison

PDN.TO has not paid dividends to shareholders, while KAP.L's dividend yield for the trailing twelve months is around 3.09%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
KAP.L National Atomic Co Kazatomprom JSC ADR	3.09%	4.11%	6.85%	4.25%	6.44%	3.69%	5.14%	6.23%
PDN.TO Paladin Energy Ltd	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both PDN.TO and KAP.L in my portfolio?

PDN.TO and KAP.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.