NXE vs UUUU: Correlation
Measured on weekly returns over the past three years, Nexgen Energy Ltd. (NXE) and Energy Fuels Inc (UUUU) carry a correlation of 0.72, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXE and UUUU?
Across a 3-year window, the weekly returns of NXE and UUUU correlate at 0.72, strong. Recent behaviour matches the longer record: 0.76 over 1 year against 0.72 over 3. Stretching to 5 years gives 0.77, with an annualized covariance of 2554.4 %².
Among the 17 assets we track against NXE, UUUU ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NXE outperformed by 16.5 percentage points (+54.6% for NXE against +38.1% for UUUU).
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.
NXE vs UUUU: side by side
| NXE (Nexgen Energy Ltd.) | UUUU (Energy Fuels Inc) | |
|---|---|---|
| 1-year return | +54.6% | +38.1% |
| 5-year return | +144.9% | +207.4% |
| Volatility (ann.) | 50.8% | 70.3% |
| Beta vs S&P 500 | 1.48 | 1.46 |
| Max drawdown (3Y) | -54.3% | -61.5% |
| Market cap | $7.5B | $3.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXE | UUUU |
|---|---|---|
| 2022 | +1.4% | -18.6% |
| 2023 | +58.0% | +15.8% |
| 2024 | -5.7% | -28.7% |
| 2025 | +39.4% | +183.4% |
| 2026 | +21.6% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXE and UUUU good diversifiers for each other?
To a limited degree. At 0.72 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 NXE and UUUU?
As of 2026-08-27, the correlation of weekly returns between NXE and UUUU is 0.72 over 3 years, 0.76 over 1 year and 0.77 over 5 years.
Is UUUU a good diversifier for NXE?
To a limited degree. At 0.72 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 0.72 mean?
On the −1 to +1 scale, 0.72 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/nxe-vs-uuuu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxe-vs-uuuu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NXE correlations · UUUU correlations
