EU vs URG: Correlation
enCore Energy Corp. (EU) and Ur Energy Inc (URG) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EU and URG?
Over the past 3 years, EU and URG moved with a correlation of 0.69, which is strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.69 over 3. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 2744.7 %².
Among the 12 assets we track against EU, URG ranks #4 by 3-year correlation. The last year tells two different stories: URG led by 51.5 percentage points, -39.0% for EU 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.
EU vs URG: side by side
| EU (enCore Energy Corp.) | URG (Ur Energy Inc) | |
|---|---|---|
| 1-year return | -39.0% | +12.5% |
| 5-year return | -60.1% | +26.4% |
| Volatility (ann.) | 67.3% | 59.1% |
| Beta vs S&P 500 | 1.98 | 1.21 |
| Max drawdown (3Y) | -78.7% | -72.1% |
| Market cap | $0.3B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EU | URG |
|---|---|---|
| 2022 | -39.0% | -5.7% |
| 2023 | +66.5% | +33.9% |
| 2024 | -13.2% | -25.3% |
| 2025 | -27.3% | +20.9% |
| 2026 | -44.0% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EU and URG good diversifiers for each other?
Only partially. A correlation of 0.69 means EU and URG 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 URG?
As of 2026-08-27, the correlation of weekly returns between EU and URG is 0.69 over 3 years, 0.68 over 1 year and 0.70 over 5 years.
Is URG a good diversifier for EU?
Only partially. A correlation of 0.69 means EU and URG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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/eu-vs-urg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eu-vs-urg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EU correlations · URG correlations
