CRML vs UEC: Correlation
How closely do Critical Metals Corp. (CRML) and Uranium Energy Corp. (UEC) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRML and UEC?
On 3 years of weekly data the CRML/UEC correlation comes out at 0.40, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.58 versus 0.40 over 3 years. The 5-year figure is 0.30, and annualized covariance runs at 3618.9 %².
By 3-year correlation, UEC places #4 of the 11 assets tracked against CRML. On 12-month performance UEC holds a 7.8-point edge, +23.5% against +31.3%. One caveat on sizing: CRML is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CRML vs UEC: side by side
| CRML (Critical Metals Corp.) | UEC (Uranium Energy Corp.) | |
|---|---|---|
| 1-year return | +23.5% | +31.3% |
| 5-year return | -19.1% | +467.5% |
| Volatility (ann.) | 144.4% | 63.2% |
| Beta vs S&P 500 | 2.11 | 1.71 |
| Max drawdown (3Y) | -93.9% | -55.1% |
| Market cap | $1.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRML | UEC |
|---|---|---|
| 2022 | – | +15.8% |
| 2023 | +7.7% | +64.9% |
| 2024 | -38.3% | +4.5% |
| 2025 | +2.2% | +74.6% |
| 2026 | +15.9% | +16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRML and UEC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRML and UEC?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.58 over the last year and 0.30 over 5 years.
Is UEC a good diversifier for CRML?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/crml-vs-uec.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crml-vs-uec/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRML correlations · UEC correlations
