CCJ vs UUUU: Correlation
Measured on weekly returns over the past three years, Cameco Corporation (CCJ) and Energy Fuels Inc (UUUU) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCJ and UUUU?
Over the past 3 years, CCJ and UUUU moved with a correlation of 0.68, which is strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 2113.8 %².
Within CCJ's tracked universe of 15 assets, UUUU comes in at #6 by 3-year correlation. Neither side won the trailing year by much: +41.5% against +38.1%. Note the risk asymmetry: UUUU runs 1.6 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.
CCJ vs UUUU: side by side
| CCJ (Cameco Corporation) | UUUU (Energy Fuels Inc) | |
|---|---|---|
| 1-year return | +41.5% | +38.1% |
| 5-year return | +501.7% | +207.4% |
| Volatility (ann.) | 44.1% | 70.3% |
| Beta vs S&P 500 | 1.33 | 1.46 |
| Max drawdown (3Y) | -40.0% | -61.5% |
| Market cap | $46.3B | $3.9B |
| P/E (trailing) | 183.3 | – |
| Dividend yield | 0.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCJ | UUUU |
|---|---|---|
| 2022 | +4.3% | -18.6% |
| 2023 | +90.5% | +15.8% |
| 2024 | +19.5% | -28.7% |
| 2025 | +78.4% | +183.4% |
| 2026 | +16.2% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCJ and UUUU good diversifiers for each other?
To a limited degree. At 0.68 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 UUUU?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.71 over the last year and 0.77 over 5 years.
Is UUUU a good diversifier for CCJ?
To a limited degree. At 0.68 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 0.68 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccj-vs-uuuu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccj-vs-uuuu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCJ correlations · UUUU correlations
