CCJ vs UROY: Correlation
Cameco Corporation (CCJ) and Uranium Royalty Corp. (UROY) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCJ and UROY?
Over the past 3 years, CCJ and UROY moved with a correlation of 0.69, which is strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 1810.4 %².
Among the 15 assets we track against CCJ, UROY ranks #5 by 3-year correlation. Their 12-month results are close: +41.5% for CCJ against +42.9% for UROY.
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 UROY: side by side
| CCJ (Cameco Corporation) | UROY (Uranium Royalty Corp.) | |
|---|---|---|
| 1-year return | +41.5% | +42.9% |
| 5-year return | +501.7% | +56.3% |
| Volatility (ann.) | 44.1% | 59.9% |
| Beta vs S&P 500 | 1.33 | 1.40 |
| Max drawdown (3Y) | -40.0% | -59.7% |
| Market cap | $46.3B | $1.7B |
| P/E (trailing) | 183.3 | 14.4 |
| Dividend yield | 0.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCJ | UROY |
|---|---|---|
| 2022 | +4.3% | -35.1% |
| 2023 | +90.5% | +13.9% |
| 2024 | +19.5% | -18.9% |
| 2025 | +78.4% | +61.6% |
| 2026 | +16.2% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCJ and UROY good diversifiers for each other?
To a limited degree. At 0.69 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 CCJ and UROY?
As of 2026-08-27, the correlation of weekly returns between CCJ and UROY is 0.69 over 3 years, 0.68 over 1 year and 0.70 over 5 years.
Is UROY a good diversifier for CCJ?
To a limited degree. At 0.69 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 0.69 mean?
A reading of 0.69 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/ccj-vs-uroy.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: CCJ correlations · UROY correlations
