UURAF vs. HL

Last updated Jun 4, 2026

UURAF (Ucore Rare Metals Inc) and HL (Hecla Mining Company) are both stocks. Both are in the Basic Materials sector — UURAF in Other Industrial Metals & Mining, HL in Gold. Over the past 10 years, UURAF returned 2.46%/yr vs 14.62%/yr for HL. At a 0.12 correlation, their price movements are largely independent.

Performance

UURAF vs. HL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ucore Rare Metals Inc (UURAF) and Hecla Mining Company (HL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UURAF achieves a 3.55% return, which is significantly higher than HL's -13.10% return. Over the past 10 years, UURAF has underperformed HL with an annualized return of 2.46%, while HL has yielded a comparatively higher 14.62% annualized return.

UURAF

• 1D: -7.27%
• 1M: -6.42%
• YTD: 3.55%
• 6M: -16.22%
• 1Y: 297.66%
• 3Y*: 70.59%
• 5Y*: 32.21%
• 10Y*: 2.46%

HL

• 1D: -6.35%
• 1M: -5.16%
• YTD: -13.10%
• 6M: -3.94%
• 1Y: 189.25%
• 3Y*: 45.57%
• 5Y*: 13.86%
• 10Y*: 14.62%

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

UURAF vs. HL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UURAF Ucore Rare Metals Inc	3.55%	636.59%	-18.34%	30.30%	-13.33%	-36.26%	-46.47%	112.50%	-60.00%	-17.80%
HL Hecla Mining Company	-13.10%	291.70%	2.82%	-12.93%	6.99%	-18.97%	91.83%	44.43%	-40.37%	-24.08%

Correlation

The correlation between UURAF and HL is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jul 18, 2007	0.12

The correlation between UURAF and HL shifts across timeframes, from 0.10 (10 years) to 0.25 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap UURAF : $464.32M HL : $11.25B
EPS UURAF : -$0.41 HL : $0.84
PB Ratio UURAF : 6.54 HL : 4.38
Total Revenue (TTM) UURAF : $0.00 HL : $1.57B
Gross Profit (TTM) UURAF : -$1.84M HL : $788.95M
EBITDA (TTM) UURAF : -$31.98M HL : $864.40M

Return for Risk

UURAF vs. HL — Risk / Return Rank

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

UURAF

UURAF Risk / Return Rank: 88
UURAF Sharpe Ratio Rank: 91
UURAF Sortino Ratio Rank: 88
UURAF Omega Ratio Rank: 84
UURAF Calmar Ratio Rank: 92
UURAF Martin Ratio Rank: 84

HL

HL Risk / Return Rank: 87
HL Sharpe Ratio Rank: 92
HL Sortino Ratio Rank: 87
HL Omega Ratio Rank: 85
HL Calmar Ratio Rank: 87
HL Martin Ratio Rank: 84

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. HL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ucore Rare Metals Inc (UURAF) and Hecla Mining Company (HL). 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	HL	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.66	-0.21
Sortino ratio: Return per unit of downside risk	2.99	2.97	+0.01
Omega ratio: Gain probability vs. loss probability	1.35	1.37	-0.02
Calmar ratio: Return relative to maximum drawdown	5.15	3.92	+1.23
Martin ratio: Return relative to average drawdown	8.34	8.20	+0.14
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. HL - Sharpe Ratio Comparison

The current UURAF Sharpe Ratio is 2.46, which is comparable to the HL Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of UURAF and HL, 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	HL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.66	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.24	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	0.23	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	0.01	-0.04

Drawdowns

UURAF vs. HL - Drawdown Comparison

The maximum UURAF drawdown since its inception was -98.07%, roughly equal to the maximum HL drawdown of -97.92%. Use the drawdown chart below to compare losses from any high point for UURAF and HL.

Drawdown Indicators

	UURAF	HL	Difference
Max Drawdown Largest peak-to-trough decline	-98.07%	-97.92%	-0.15%
Max Drawdown (1Y) Largest decline over 1 year	-58.24%	-48.56%	-9.68%
Max Drawdown (3Y) Largest decline over 3 years	-59.22%	-48.56%	-10.66%
Max Drawdown (5Y) Largest decline over 5 years	-66.08%	-63.18%	-2.90%
Max Drawdown (10Y) Largest decline over 10 years	-89.05%	-82.45%	-6.60%
Current Drawdown Current decline from peak	-60.77%	-47.57%	-13.20%
Average Drawdown Average peak-to-trough decline	-74.92%	-69.95%	-4.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.92%	23.18%	+12.74%

Volatility

UURAF vs. HL - Volatility Comparison

Ucore Rare Metals Inc (UURAF) has a higher volatility of 24.61% compared to Hecla Mining Company (HL) at 22.42%. This indicates that UURAF's price experiences larger fluctuations and is considered to be riskier than HL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UURAF	HL	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.61%	22.42%	+2.19%
Volatility (6M) Calculated over the trailing 6-month period	66.89%	53.84%	+13.05%
Volatility (1Y) Calculated over the trailing 1-year period	122.23%	71.57%	+50.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.41%	59.06%	+26.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	98.55%	62.65%	+35.90%

Dividends

UURAF vs. HL - Dividend Comparison

UURAF has not paid dividends to shareholders, while HL's dividend yield for the trailing twelve months is around 0.09%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HL Hecla Mining Company	0.09%	0.08%	0.81%	0.65%	0.40%	0.72%	0.25%	0.29%	0.42%	0.25%	0.19%	0.53%
UURAF 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 UURAF and HL in my portfolio?

UURAF and HL have a correlation of 0.25, 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 HL?

UURAF has higher volatility (24.61%) compared to HL (22.42%). In terms of maximum drawdown, UURAF dropped -98.07% vs HL's -97.92%.

Which has better risk-adjusted returns?

HL currently has the higher Sharpe Ratio (2.66 vs 2.46), 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.