DNN vs UROY: Correlation
How closely do Denison Mines Corp (DNN) and Uranium Royalty Corp. (UROY) trade together? Their weekly returns over three years give a correlation of 0.79, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNN and UROY?
Across a 3-year window, the weekly returns of DNN and UROY correlate at 0.79, strong. Recent behaviour matches the longer record: 0.77 over 1 year against 0.79 over 3. Stretching to 5 years gives 0.79, with an annualized covariance of 2625.5 %².
Among the 19 assets we track against DNN, UROY ranks #5 by 3-year correlation. The last year tells two different stories: DNN led by 26.2 percentage points, +69.1% for DNN 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.
DNN vs UROY: side by side
| DNN (Denison Mines Corp) | UROY (Uranium Royalty Corp.) | |
|---|---|---|
| 1-year return | +69.1% | +42.9% |
| 5-year return | +211.0% | +56.3% |
| Volatility (ann.) | 55.6% | 59.9% |
| Beta vs S&P 500 | 1.35 | 1.40 |
| Max drawdown (3Y) | -52.5% | -59.7% |
| Market cap | $3.3B | $1.7B |
| P/E (trailing) | – | 14.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNN | UROY |
|---|---|---|
| 2022 | -16.1% | -35.1% |
| 2023 | +53.9% | +13.9% |
| 2024 | +1.7% | -18.9% |
| 2025 | +47.8% | +61.6% |
| 2026 | +38.0% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNN and UROY good diversifiers for each other?
To a limited degree. At 0.79 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 DNN and UROY?
As of 2026-08-27, the correlation of weekly returns between DNN and UROY is 0.79 over 3 years, 0.77 over 1 year and 0.79 over 5 years.
Is UROY a good diversifier for DNN?
To a limited degree. At 0.79 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 0.79 mean?
A reading of 0.79 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/dnn-vs-uroy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dnn-vs-uroy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DNN correlations · UROY correlations
