EAF vs UEC: Correlation
GrafTech International Ltd. (EAF) and Uranium Energy Corp. (UEC) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EAF and UEC?
On 3 years of weekly data the EAF/UEC correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. The 5-year figure is 0.36, and annualized covariance runs at 2522.2 %².
UEC is one of the assets that tracks EAF most closely: it ranks #3 out of the 12 assets we track against EAF. Their recent paths diverged sharply: over the last 12 months UEC outperformed by 56.6 percentage points (-25.3% for EAF against +31.3% for UEC). One caveat on sizing: EAF 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.
EAF vs UEC: side by side
| EAF (GrafTech International Ltd.) | UEC (Uranium Energy Corp.) | |
|---|---|---|
| 1-year return | -25.3% | +31.3% |
| 5-year return | -93.3% | +467.5% |
| Volatility (ann.) | 96.0% | 63.2% |
| Beta vs S&P 500 | 1.47 | 1.71 |
| Max drawdown (3Y) | -86.7% | -55.1% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EAF | UEC |
|---|---|---|
| 2022 | -59.5% | +15.8% |
| 2023 | -53.8% | +64.9% |
| 2024 | -21.0% | +4.5% |
| 2025 | -10.3% | +74.6% |
| 2026 | -52.1% | +16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EAF and UEC good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EAF and UEC?
As of 2026-08-27, the correlation of weekly returns between EAF and UEC is 0.42 over 3 years, 0.32 over 1 year and 0.36 over 5 years.
Is UEC a good diversifier for EAF?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/eaf-vs-uec.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eaf-vs-uec/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EAF correlations · UEC correlations
