UURAF vs. DNN

Last updated Jun 3, 2026

UURAF (Ucore Rare Metals Inc) and DNN (Denison Mines Corp) are both stocks. UURAF operates in Other Industrial Metals & Mining (Basic Materials), while DNN operates in Uranium (Energy). Over the past 10 years, UURAF returned 3.24%/yr vs 21.59%/yr for DNN. At a 0.14 correlation, their price movements are largely independent.

Performance

UURAF vs. DNN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ucore Rare Metals Inc (UURAF) 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, UURAF achieves a 11.68% return, which is significantly lower than DNN's 37.97% return. Over the past 10 years, UURAF has underperformed DNN with an annualized return of 3.24%, while DNN has yielded a comparatively higher 21.59% annualized return.

UURAF

• 1D: 7.58%
• 1M: 4.02%
• YTD: 11.68%
• 6M: -9.28%
• 1Y: 309.68%
• 3Y*: 74.94%
• 5Y*: 34.05%
• 10Y*: 3.24%

DNN

• 1D: 7.00%
• 1M: -2.13%
• YTD: 37.97%
• 6M: 41.70%
• 1Y: 141.45%
• 3Y*: 46.38%
• 5Y*: 23.45%
• 10Y*: 21.59%

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

UURAF vs. DNN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UURAF Ucore Rare Metals Inc	11.68%	636.59%	-18.34%	30.30%	-13.33%	-36.26%	-46.47%	112.50%	-60.00%	-17.80%
DNN Denison Mines Corp	37.97%	47.78%	1.69%	53.91%	-16.06%	111.75%	54.05%	-9.48%	-15.64%	6.86%

Correlation

The correlation between UURAF and DNN is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jul 18, 2007	0.14

Over the past year, UURAF and DNN have become more correlated (0.45) than their long-term average of 0.14, meaning their price movements have been converging.

Fundamentals

Market Cap UURAF : $500.73M DNN : $3.31B
EPS UURAF : -$0.41 DNN : -$0.28
PB Ratio UURAF : 7.05 DNN : 12.71
Total Revenue (TTM) UURAF : $0.00 DNN : $4.34M
Gross Profit (TTM) UURAF : -$1.84M DNN : -$12.87M
EBITDA (TTM) UURAF : -$31.98M DNN : -$155.36M

Return for Risk

UURAF vs. DNN — Risk / Return Rank

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

UURAF

UURAF Risk / Return Rank: 89
UURAF Sharpe Ratio Rank: 92
UURAF Sortino Ratio Rank: 88
UURAF Omega Ratio Rank: 84
UURAF Calmar Ratio Rank: 94
UURAF Martin Ratio Rank: 87

DNN

DNN Risk / Return Rank: 87
DNN Sharpe Ratio Rank: 90
DNN Sortino Ratio Rank: 86
DNN Omega Ratio Rank: 82
DNN Calmar Ratio Rank: 89
DNN Martin Ratio Rank: 87

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.

UURAF vs. DNN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ucore Rare Metals Inc (UURAF) 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.

	UURAF	DNN	Difference
Sharpe ratio Return per unit of total volatility	2.56	2.33	+0.23
Sortino ratio Return per unit of downside risk	3.04	2.83	+0.21
Omega ratio Gain probability vs. loss probability	1.35	1.33	+0.02
Calmar ratio Return relative to maximum drawdown	6.34	4.43	+1.91
Martin ratio Return relative to average drawdown	10.32	10.28	+0.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UURAF vs. DNN - Sharpe Ratio Comparison

The current UURAF Sharpe Ratio is 2.56, which is comparable to the DNN Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of UURAF 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

	UURAF	DNN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	2.33	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.37	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	0.34	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	-0.07	+0.04

Drawdowns

UURAF vs. DNN - Drawdown Comparison

The maximum UURAF drawdown since its inception was -98.07%, roughly equal to the maximum DNN drawdown of -98.96%. Use the drawdown chart below to compare losses from any high point for UURAF and DNN.

Drawdown Indicators

	UURAF	DNN	Difference
Max Drawdown Largest peak-to-trough decline	-98.07%	-98.96%	+0.89%
Max Drawdown (1Y) Largest decline over 1 year	-58.24%	-29.50%	-28.74%
Max Drawdown (3Y) Largest decline over 3 years	-59.22%	-52.48%	-6.74%
Max Drawdown (5Y) Largest decline over 5 years	-66.08%	-55.66%	-10.42%
Max Drawdown (10Y) Largest decline over 10 years	-89.05%	-75.90%	-13.15%
Current Drawdown Current decline from peak	-57.69%	-80.97%	+23.28%
Average Drawdown Average peak-to-trough decline	-74.92%	-85.07%	+10.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.80%	12.73%	+23.07%

Volatility

UURAF vs. DNN - Volatility Comparison

Ucore Rare Metals Inc (UURAF) has a higher volatility of 23.59% compared to Denison Mines Corp (DNN) at 15.70%. This indicates that UURAF'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

	UURAF	DNN	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.59%	15.70%	+7.89%
Volatility (6M) Calculated over the trailing 6-month period	67.02%	44.52%	+22.50%
Volatility (1Y) Calculated over the trailing 1-year period	122.73%	61.20%	+61.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.34%	63.37%	+21.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	98.54%	64.17%	+34.37%

Dividends

UURAF vs. DNN - Dividend Comparison

Neither UURAF nor DNN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both UURAF and DNN in my portfolio?

UURAF and DNN have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UURAF or DNN?

UURAF has higher volatility (23.59%) compared to DNN (15.70%). In terms of maximum drawdown, UURAF dropped -98.07% vs DNN's -98.96%.

Which has better risk-adjusted returns?

UURAF currently has the higher Sharpe Ratio (2.56 vs 2.33), 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.