DNN vs LEU: Correlation
Denison Mines Corp (DNN) and Centrus Energy Corp. (LEU) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNN and LEU?
Over the past 3 years, DNN and LEU moved with a correlation of 0.62, which is strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.62 over 3. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 2917.8 %².
By 3-year correlation, LEU places #9 of the 19 assets tracked against DNN. The last year tells two different stories: DNN led by 70.9 percentage points, +69.1% for DNN against -1.8% for LEU. One caveat on sizing: LEU is 1.5 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.
DNN vs LEU: side by side
| DNN (Denison Mines Corp) | LEU (Centrus Energy Corp.) | |
|---|---|---|
| 1-year return | +69.1% | -1.8% |
| 5-year return | +211.0% | +636.7% |
| Volatility (ann.) | 55.6% | 84.8% |
| Beta vs S&P 500 | 1.35 | 1.67 |
| Max drawdown (3Y) | -52.5% | -66.4% |
| Market cap | $3.3B | $3.9B |
| P/E (trailing) | – | 98.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNN | LEU |
|---|---|---|
| 2022 | -16.1% | -34.9% |
| 2023 | +53.9% | +67.5% |
| 2024 | +1.7% | +22.4% |
| 2025 | +47.8% | +264.4% |
| 2026 | +38.0% | -19.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNN and LEU good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DNN and LEU?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.63 over the last year and 0.60 over 5 years.
Is LEU a good diversifier for DNN?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 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
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Related comparisons
Hubs: DNN correlations · LEU correlations
