BWXT vs DNN: Correlation
BWX Technologies, Inc. (BWXT) and Denison Mines Corp (DNN) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWXT and DNN?
Over the past 3 years, BWXT and DNN moved with a correlation of 0.51, which is moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 955.4 %².
By 3-year correlation, DNN places #5 of the 10 assets tracked against BWXT. Correlation aside, the last 12 months split them widely, with DNN ahead by 74.4 points (-5.3% versus +69.1%). Risk is not evenly split, since DNN carries 1.7 times the volatility of the other side.
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 DNN: side by side
| BWXT (BWX Technologies, Inc.) | DNN (Denison Mines Corp) | |
|---|---|---|
| 1-year return | -5.3% | +69.1% |
| 5-year return | +188.9% | +211.0% |
| Volatility (ann.) | 33.5% | 55.6% |
| Beta vs S&P 500 | 1.01 | 1.35 |
| Max drawdown (3Y) | -37.1% | -52.5% |
| Market cap | $14.3B | $3.3B |
| P/E (trailing) | 39.7 | – |
| Dividend yield | 0.68% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWXT | DNN |
|---|---|---|
| 2022 | +23.3% | -16.1% |
| 2023 | +33.9% | +53.9% |
| 2024 | +46.5% | +1.7% |
| 2025 | +56.4% | +47.8% |
| 2026 | -9.4% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWXT and DNN good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BWXT and DNN?
The BWXT/DNN correlation stands at 0.51 on a 3-year window (1 year: 0.55, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is DNN a good diversifier for BWXT?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: BWXT correlations · DNN correlations
