DNN vs URG: Correlation
Denison Mines Corp (DNN) and Ur Energy Inc (URG) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNN and URG?
On 3 years of weekly data the DNN/URG correlation comes out at 0.77, strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. The 5-year figure is 0.81, and annualized covariance runs at 2530.0 %².
Within DNN's tracked universe of 19 assets, URG comes in at #7 by 3-year correlation. The last year tells two different stories: DNN led by 56.6 percentage points, +69.1% for DNN against +12.5% for URG.
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 URG: side by side
| DNN (Denison Mines Corp) | URG (Ur Energy Inc) | |
|---|---|---|
| 1-year return | +69.1% | +12.5% |
| 5-year return | +211.0% | +26.4% |
| Volatility (ann.) | 55.6% | 59.1% |
| Beta vs S&P 500 | 1.35 | 1.21 |
| Max drawdown (3Y) | -52.5% | -72.1% |
| Market cap | $3.3B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNN | URG |
|---|---|---|
| 2022 | -16.1% | -5.7% |
| 2023 | +53.9% | +33.9% |
| 2024 | +1.7% | -25.3% |
| 2025 | +47.8% | +20.9% |
| 2026 | +38.0% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNN and URG good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DNN and URG?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.76 over the last year and 0.81 over 5 years.
Is URG a good diversifier for DNN?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
On the −1 to +1 scale, 0.77 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/dnn-vs-urg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dnn-vs-urg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DNN correlations · URG correlations
