BWXT vs UEC: Correlation
Measured on weekly returns over the past three years, BWX Technologies, Inc. (BWXT) and Uranium Energy Corp. (UEC) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWXT and UEC?
Across a 3-year window, the weekly returns of BWXT and UEC correlate at 0.54, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.54 over 3. Stretching to 5 years gives 0.48, with an annualized covariance of 1153.1 %².
In BWXT's tracked universe of 10 assets, UEC sits right near the top at #3. The last year tells two different stories: UEC led by 36.6 percentage points, -5.3% for BWXT against +31.3% for UEC. Note the risk asymmetry: UEC runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 UEC: side by side
| BWXT (BWX Technologies, Inc.) | UEC (Uranium Energy Corp.) | |
|---|---|---|
| 1-year return | -5.3% | +31.3% |
| 5-year return | +188.9% | +467.5% |
| Volatility (ann.) | 33.5% | 63.2% |
| Beta vs S&P 500 | 1.01 | 1.71 |
| Max drawdown (3Y) | -37.1% | -55.1% |
| Market cap | $14.3B | – |
| P/E (trailing) | 39.7 | – |
| Dividend yield | 0.68% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWXT | UEC |
|---|---|---|
| 2022 | +23.3% | +15.8% |
| 2023 | +33.9% | +64.9% |
| 2024 | +46.5% | +4.5% |
| 2025 | +56.4% | +74.6% |
| 2026 | -9.4% | +16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWXT and UEC good diversifiers for each other?
To a limited degree. At 0.54 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 UEC?
As of 2026-08-27, the correlation of weekly returns between BWXT and UEC is 0.54 over 3 years, 0.48 over 1 year and 0.48 over 5 years.
Is UEC a good diversifier for BWXT?
To a limited degree. At 0.54 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 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bwxt-vs-uec.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bwxt-vs-uec/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BWXT correlations · UEC correlations
