UROY vs. DNN

Last updated Jun 4, 2026

UROY (Uranium Royalty Corp) and DNN (Denison Mines Corp) are both stocks. Both operate in the Uranium industry within the Energy sector. Over the past 5 years, UROY returned 3.84%/yr vs 20.08%/yr for DNN. A 0.72 correlation means they provide meaningful diversification when combined.

Performance

UROY vs. DNN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Uranium Royalty Corp (UROY) and Denison Mines Corp (DNN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UROY achieves a 1.98% return, which is significantly lower than DNN's 28.57% return.

UROY

• 1D: -6.72%
• 1M: -5.25%
• YTD: 1.98%
• 6M: -4.24%
• 1Y: 64.84%
• 3Y*: 20.76%
• 5Y*: 3.84%
• 10Y*: —

DNN

• 1D: -6.81%
• 1M: -9.04%
• YTD: 28.57%
• 6M: 26.67%
• 1Y: 102.37%
• 3Y*: 42.98%
• 5Y*: 20.08%
• 10Y*: 20.73%

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

UROY vs. DNN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UROY Uranium Royalty Corp	1.98%	61.64%	-18.89%	13.92%	-35.07%	12.57%
DNN Denison Mines Corp	28.57%	47.78%	1.69%	53.91%	-16.06%	26.85%

Correlation

The correlation between UROY and DNN is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Apr 29, 2021	0.72

The correlation between UROY and DNN has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.

Fundamentals

Market Cap UROY : $512.92M DNN : $3.09B
EPS UROY : $0.03 DNN : -$0.28
PS Ratio UROY : 9.05 DNN : 710.40
PB Ratio UROY : 1.34 DNN : 11.84
Total Revenue (TTM) UROY : $54.63M DNN : $4.34M
Gross Profit (TTM) UROY : $9.68M DNN : -$12.87M
EBITDA (TTM) UROY : $5.26M DNN : -$155.36M

Return for Risk

UROY vs. DNN — Risk / Return Rank

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

UROY

UROY Risk / Return Rank: 68
UROY Sharpe Ratio Rank: 68
UROY Sortino Ratio Rank: 69
UROY Omega Ratio Rank: 65
UROY Calmar Ratio Rank: 70
UROY Martin Ratio Rank: 66

DNN

DNN Risk / Return Rank: 81
DNN Sharpe Ratio Rank: 84
DNN Sortino Ratio Rank: 80
DNN Omega Ratio Rank: 75
DNN Calmar Ratio Rank: 85
DNN Martin Ratio Rank: 83

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.

UROY vs. DNN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Uranium Royalty Corp (UROY) and Denison Mines Corp (DNN). 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.

	UROY	DNN	Difference
Sharpe ratio Return per unit of total volatility	0.89	1.70	-0.81
Sortino ratio Return per unit of downside risk	1.70	2.31	-0.61
Omega ratio Gain probability vs. loss probability	1.20	1.27	-0.07
Calmar ratio Return relative to maximum drawdown	1.64	3.49	-1.85
Martin ratio Return relative to average drawdown	3.04	8.03	-4.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UROY vs. DNN - Sharpe Ratio Comparison

The current UROY Sharpe Ratio is 0.89, which is lower than the DNN Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of UROY and DNN, 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

	UROY	DNN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	1.70	-0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.32	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	-0.07	+0.10

Drawdowns

UROY vs. DNN - Drawdown Comparison

The maximum UROY drawdown since its inception was -74.57%, smaller than the maximum DNN drawdown of -98.96%. Use the drawdown chart below to compare losses from any high point for UROY and DNN.

Drawdown Indicators

	UROY	DNN	Difference
Max Drawdown Largest peak-to-trough decline	-74.57%	-98.96%	+24.39%
Max Drawdown (1Y) Largest decline over 1 year	-39.74%	-29.50%	-10.24%
Max Drawdown (3Y) Largest decline over 3 years	-59.73%	-52.48%	-7.25%
Max Drawdown (5Y) Largest decline over 5 years	-74.57%	-55.66%	-18.91%
Max Drawdown (10Y) Largest decline over 10 years	—	-75.90%	—
Current Drawdown Current decline from peak	-37.54%	-82.26%	+44.72%
Average Drawdown Average peak-to-trough decline	-47.60%	-85.07%	+37.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.39%	12.80%	+8.59%

Volatility

UROY vs. DNN - Volatility Comparison

Uranium Royalty Corp (UROY) has a higher volatility of 21.32% compared to Denison Mines Corp (DNN) at 17.16%. This indicates that UROY's price experiences larger fluctuations and is considered to be riskier than DNN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UROY	DNN	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.32%	17.16%	+4.16%
Volatility (6M) Calculated over the trailing 6-month period	48.30%	45.08%	+3.22%
Volatility (1Y) Calculated over the trailing 1-year period	73.37%	61.44%	+11.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.64%	63.44%	+7.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.40%	64.19%	+6.21%

Dividends

UROY vs. DNN - Dividend Comparison

Neither UROY nor DNN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both UROY and DNN in my portfolio?

UROY and DNN have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UROY or DNN?

UROY has higher volatility (21.32%) compared to DNN (17.16%). In terms of maximum drawdown, UROY dropped -74.57% vs DNN's -98.96%.

Which has better risk-adjusted returns?

DNN currently has the higher Sharpe Ratio (1.70 vs 0.89), 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.