EU vs UEC: Correlation
enCore Energy Corp. (EU) and Uranium Energy Corp. (UEC) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EU and UEC?
Across a 3-year window, the weekly returns of EU and UEC correlate at 0.73, strong. The relationship has been stable: the 1-year correlation (0.72) sits close to the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 3090.7 %².
In EU's tracked universe of 12 assets, UEC sits right near the top at #2. Correlation aside, the last 12 months split them widely, with UEC ahead by 70.3 points (-39.0% versus +31.3%).
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.
EU vs UEC: side by side
| EU (enCore Energy Corp.) | UEC (Uranium Energy Corp.) | |
|---|---|---|
| 1-year return | -39.0% | +31.3% |
| 5-year return | -60.1% | +467.5% |
| Volatility (ann.) | 67.3% | 63.2% |
| Beta vs S&P 500 | 1.98 | 1.71 |
| Max drawdown (3Y) | -78.7% | -55.1% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EU | UEC |
|---|---|---|
| 2022 | -39.0% | +15.8% |
| 2023 | +66.5% | +64.9% |
| 2024 | -13.2% | +4.5% |
| 2025 | -27.3% | +74.6% |
| 2026 | -44.0% | +16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EU and UEC good diversifiers for each other?
Only partially. A correlation of 0.73 means EU and UEC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EU and UEC?
As of 2026-08-27, the correlation of weekly returns between EU and UEC is 0.73 over 3 years, 0.72 over 1 year and 0.70 over 5 years.
Is UEC a good diversifier for EU?
Only partially. A correlation of 0.73 means EU and UEC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 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/eu-vs-uec.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eu-vs-uec/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EU correlations · UEC correlations
