BWXT vs CCJ: Correlation
Measured on weekly returns over the past three years, BWX Technologies, Inc. (BWXT) and Cameco Corporation (CCJ) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWXT and CCJ?
On 3 years of weekly data the BWXT/CCJ correlation comes out at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 821.5 %².
CCJ is one of the assets that tracks BWXT most closely: it ranks #1 out of the 10 assets we track against BWXT. The last year tells two different stories: CCJ led by 46.8 percentage points, -5.3% for BWXT against +41.5% for CCJ.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BWXT vs CCJ: side by side
| BWXT (BWX Technologies, Inc.) | CCJ (Cameco Corporation) | |
|---|---|---|
| 1-year return | -5.3% | +41.5% |
| 5-year return | +188.9% | +501.7% |
| Volatility (ann.) | 33.5% | 44.1% |
| Beta vs S&P 500 | 1.01 | 1.33 |
| Max drawdown (3Y) | -37.1% | -40.0% |
| Market cap | $14.3B | $46.3B |
| P/E (trailing) | 39.7 | 183.3 |
| Dividend yield | 0.68% | 0.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWXT | CCJ |
|---|---|---|
| 2022 | +23.3% | +4.3% |
| 2023 | +33.9% | +90.5% |
| 2024 | +46.5% | +19.5% |
| 2025 | +56.4% | +78.4% |
| 2026 | -9.4% | +16.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWXT and CCJ good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BWXT and CCJ?
As of 2026-08-27, the correlation of weekly returns between BWXT and CCJ is 0.56 over 3 years, 0.59 over 1 year and 0.49 over 5 years.
Is CCJ a good diversifier for BWXT?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bwxt-vs-ccj.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bwxt-vs-ccj/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BWXT correlations · CCJ correlations
