UCU.V vs. HBM.TO

Last updated Jun 13, 2026

UCU.V (Ucore Rare Metals Inc) and HBM.TO (Hudbay Minerals Inc.) are both stocks. Both are in the Basic Materials sector — UCU.V in Other Industrial Metals & Mining, HBM.TO in Copper. Over the past 10 years, UCU.V returned 5.42%/yr vs 20.27%/yr for HBM.TO. At a 0.11 correlation, their price movements are largely independent.

Performance

UCU.V vs. HBM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Ucore Rare Metals Inc (UCU.V) and Hudbay Minerals Inc. (HBM.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UCU.V achieves a -2.75% return, which is significantly lower than HBM.TO's 42.62% return. Over the past 10 years, UCU.V has underperformed HBM.TO with an annualized return of 5.42%, while HBM.TO has yielded a comparatively higher 20.27% annualized return.

UCU.V

• 1D: 0.57%
• 1M: -2.75%
• YTD: -2.75%
• 6M: -13.82%
• 1Y: 314.06%
• 3Y*: 66.90%
• 5Y*: 35.98%
• 10Y*: 5.42%

HBM.TO

• 1D: 4.61%
• 1M: 2.05%
• YTD: 42.62%
• 6M: 51.16%
• 1Y: 197.30%
• 3Y*: 81.91%
• 5Y*: 35.09%
• 10Y*: 20.27%

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

UCU.V vs. HBM.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UCU.V Ucore Rare Metals Inc	-2.75%	626.67%	-13.79%	27.94%	-6.85%	-38.14%	-47.56%	162.96%	-52.08%	-22.58%
HBM.TO Hudbay Minerals Inc.	42.62%	134.08%	60.29%	6.88%	-25.13%	3.05%	66.44%	-16.44%	-41.80%	45.20%

Correlation

The correlation between UCU.V and HBM.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Oct 11, 2006	0.11

The correlation between UCU.V and HBM.TO shifts across timeframes, from 0.11 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap UCU.V : CA$603.16M HBM.TO : CA$15.49B
EPS UCU.V : -CA$0.40 HBM.TO : $1.65
PB Ratio UCU.V : 8.51 HBM.TO : 3.13
Total Revenue (TTM) UCU.V : CA$0.00 HBM.TO : $2.36B
Gross Profit (TTM) UCU.V : -CA$1.84M HBM.TO : $851.84M
EBITDA (TTM) UCU.V : -CA$31.97M HBM.TO : $1.50B

Return for Risk

UCU.V vs. HBM.TO — Risk / Return Rank

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

UCU.V

UCU.V Risk / Return Rank: 90
UCU.V Sharpe Ratio Rank: 94
UCU.V Sortino Ratio Rank: 90
UCU.V Omega Ratio Rank: 87
UCU.V Calmar Ratio Rank: 93
UCU.V Martin Ratio Rank: 85

HBM.TO

HBM.TO Risk / Return Rank: 94
HBM.TO Sharpe Ratio Rank: 97
HBM.TO Sortino Ratio Rank: 93
HBM.TO Omega Ratio Rank: 93
HBM.TO Calmar Ratio Rank: 94
HBM.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.

UCU.V vs. HBM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ucore Rare Metals Inc (UCU.V) and Hudbay Minerals Inc. (HBM.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.

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.

	UCU.V	HBM.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.59	3.48	-0.88
Sortino ratio: Return per unit of downside risk	3.11	3.40	-0.29
Omega ratio: Gain probability vs. loss probability	1.36	1.46	-0.10
Calmar ratio: Return relative to maximum drawdown	5.36	5.53	-0.16
Martin ratio: Return relative to average drawdown	8.37	17.84	-9.47

UCU.V vs. HBM.TO - Sharpe Ratio Comparison

The current UCU.V Sharpe Ratio is 2.59, which is comparable to the HBM.TO Sharpe Ratio of 3.48. The chart below compares the historical Sharpe Ratios of UCU.V and HBM.TO, 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

UCU.V vs. HBM.TO - Drawdown Comparison

The maximum UCU.V drawdown since its inception was -98.60%, which is greater than HBM.TO's maximum drawdown of -92.61%. Use the drawdown chart below to compare losses from any high point for UCU.V and HBM.TO.

Drawdown Indicators

	UCU.V	HBM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-98.60%	-92.61%	-5.99%
Max Drawdown (1Y) Largest decline over 1 year	-59.01%	-35.94%	-23.07%
Max Drawdown (3Y) Largest decline over 3 years	-59.01%	-38.61%	-20.40%
Max Drawdown (5Y) Largest decline over 5 years	-65.81%	-62.23%	-3.58%
Max Drawdown (10Y) Largest decline over 10 years	-83.62%	-84.01%	+0.39%
Current Drawdown Current decline from peak	-60.21%	-11.84%	-48.37%
Average Drawdown Average peak-to-trough decline	-80.84%	-60.52%	-20.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.72%	11.11%	+26.61%

Volatility

UCU.V vs. HBM.TO - Volatility Comparison

Ucore Rare Metals Inc (UCU.V) has a higher volatility of 27.62% compared to Hudbay Minerals Inc. (HBM.TO) at 25.77%. This indicates that UCU.V's price experiences larger fluctuations and is considered to be riskier than HBM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UCU.V	HBM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.62%	25.77%	+1.85%
Volatility (6M) Calculated over the trailing 6-month period	69.79%	46.26%	+23.53%
Volatility (1Y) Calculated over the trailing 1-year period	122.16%	57.15%	+65.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.29%	52.16%	+35.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	92.85%	55.56%	+37.29%

Dividends

UCU.V vs. HBM.TO - Dividend Comparison

UCU.V has not paid dividends to shareholders, while HBM.TO's dividend yield for the trailing twelve months is around 0.08%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HBM.TO Hudbay Minerals Inc.	0.08%	0.07%	0.17%	0.27%	0.29%	0.22%	0.22%	0.37%	0.31%	0.18%	0.26%	0.38%
UCU.V Ucore Rare Metals Inc	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

Frequently Asked Questions

Can I hold both UCU.V and HBM.TO in my portfolio?

UCU.V and HBM.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.