UX vs. CCJ

Last updated Jun 4, 2026

UX (Roundhill Uranium ETF) is Commodity Producers Equities fund actively managed by Roundhill, while CCJ (Cameco Corporation) is a stock. Over the past year, UX returned 17.18% vs 92.33% for CCJ. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

UX vs. CCJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Uranium ETF (UX) and Cameco Corporation (CCJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UX achieves a -0.61% return, which is significantly lower than CCJ's 25.22% return.

UX

• 1D: -2.53%
• 1M: -3.11%
• YTD: -0.61%
• 6M: 6.59%
• 1Y: 17.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CCJ

• 1D: -4.94%
• 1M: -3.13%
• YTD: 25.22%
• 6M: 28.07%
• 1Y: 92.33%
• 3Y*: 56.47%
• 5Y*: 40.19%
• 10Y*: 26.89%

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

UX vs. CCJ - Yearly Performance Comparison

	2026 (YTD)	2025
UX Roundhill Uranium ETF	-0.61%	15.76%
CCJ Cameco Corporation	25.22%	83.08%

Correlation

The correlation between UX and CCJ is 0.60, 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	0.60
Correlation (All Time) Calculated using the full available price history since Jan 30, 2025	0.60

The correlation between UX and CCJ has been stable across timeframes, ranging from 0.60 to 0.60 - a consistent structural relationship.

Return for Risk

UX vs. CCJ — Risk / Return Rank

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

UX

UX Risk / Return Rank: 17
UX Sharpe Ratio Rank: 17
UX Sortino Ratio Rank: 18
UX Omega Ratio Rank: 18
UX Calmar Ratio Rank: 18
UX Martin Ratio Rank: 16

CCJ

CCJ Risk / Return Rank: 82
CCJ Sharpe Ratio Rank: 84
CCJ Sortino Ratio Rank: 82
CCJ Omega Ratio Rank: 78
CCJ Calmar Ratio Rank: 85
CCJ 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.

UX vs. CCJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Uranium ETF (UX) and Cameco Corporation (CCJ). 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.

	UX	CCJ	Difference
Sharpe ratio: Return per unit of total volatility	0.50	1.69	-1.19
Sortino ratio: Return per unit of downside risk	0.93	2.48	-1.55
Omega ratio: Gain probability vs. loss probability	1.11	1.29	-0.18
Calmar ratio: Return relative to maximum drawdown	0.73	3.61	-2.89
Martin ratio: Return relative to average drawdown	1.45	8.18	-6.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UX vs. CCJ - Sharpe Ratio Comparison

The current UX Sharpe Ratio is 0.50, which is lower than the CCJ Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of UX and CCJ, 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

	UX	CCJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	1.69	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.24	+0.07

Drawdowns

UX vs. CCJ - Drawdown Comparison

The maximum UX drawdown since its inception was -23.72%, smaller than the maximum CCJ drawdown of -87.53%. Use the drawdown chart below to compare losses from any high point for UX and CCJ.

Drawdown Indicators

	UX	CCJ	Difference
Max Drawdown Largest peak-to-trough decline	-23.72%	-87.53%	+63.81%
Max Drawdown (1Y) Largest decline over 1 year	-23.72%	-25.69%	+1.97%
Max Drawdown (3Y) Largest decline over 3 years	—	-40.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-40.01%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-57.22%	—
Current Drawdown Current decline from peak	-19.59%	-14.56%	-5.03%
Average Drawdown Average peak-to-trough decline	-10.13%	-46.10%	+35.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.87%	11.33%	+0.54%

Volatility

UX vs. CCJ - Volatility Comparison

The current volatility for Roundhill Uranium ETF (UX) is 8.07%, while Cameco Corporation (CCJ) has a volatility of 15.87%. This indicates that UX experiences smaller price fluctuations and is considered to be less risky than CCJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UX	CCJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.07%	15.87%	-7.80%
Volatility (6M) Calculated over the trailing 6-month period	24.59%	38.06%	-13.47%
Volatility (1Y) Calculated over the trailing 1-year period	34.45%	54.94%	-20.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.20%	49.69%	-13.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.20%	46.60%	-10.40%

Dividends

UX vs. CCJ - Dividend Comparison

UX's dividend yield for the trailing twelve months is around 1.49%, more than CCJ's 0.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCJ Cameco Corporation	0.15%	0.19%	0.22%	0.20%	0.39%	0.29%	0.46%	0.67%	0.53%	4.33%	3.82%	3.24%
UX Roundhill Uranium ETF	1.49%	1.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UX and CCJ in my portfolio?

UX and CCJ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UX or CCJ?

CCJ has higher volatility (15.87%) compared to UX (8.07%). In terms of maximum drawdown, UX dropped -23.72% vs CCJ's -87.53%.

Which has better risk-adjusted returns?

CCJ currently has the higher Sharpe Ratio (1.69 vs 0.50), 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.