CCJ vs UEC: Correlation
Cameco Corporation (CCJ) and Uranium Energy Corp. (UEC) show a very strong relationship: their 3-year correlation of weekly returns is 0.80.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCJ and UEC?
Across a 3-year window, the weekly returns of CCJ and UEC correlate at 0.80, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. Stretching to 5 years gives 0.79, with an annualized covariance of 2219.6 %².
Few assets follow CCJ as closely as UEC, which ranks #3 of 15 tracked partners. Over the last 12 months CCJ came out ahead by 10.2 percentage points (+41.5% against +31.3%).
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.
CCJ vs UEC: side by side
| CCJ (Cameco Corporation) | UEC (Uranium Energy Corp.) | |
|---|---|---|
| 1-year return | +41.5% | +31.3% |
| 5-year return | +501.7% | +467.5% |
| Volatility (ann.) | 44.1% | 63.2% |
| Beta vs S&P 500 | 1.33 | 1.71 |
| Max drawdown (3Y) | -40.0% | -55.1% |
| Market cap | $46.3B | – |
| P/E (trailing) | 183.3 | – |
| Dividend yield | 0.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCJ | UEC |
|---|---|---|
| 2022 | +4.3% | +15.8% |
| 2023 | +90.5% | +64.9% |
| 2024 | +19.5% | +4.5% |
| 2025 | +78.4% | +74.6% |
| 2026 | +16.2% | +16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCJ and UEC good diversifiers for each other?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CCJ and UEC?
The CCJ/UEC correlation stands at 0.80 on a 3-year window (1 year: 0.77, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is UEC a good diversifier for CCJ?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.80 mean?
On the −1 to +1 scale, 0.80 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/ccj-vs-uec.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccj-vs-uec/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCJ correlations · UEC correlations
