UEC vs URG: Correlation
Measured on weekly returns over the past three years, Uranium Energy Corp. (UEC) and Ur Energy Inc (URG) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UEC and URG?
Across a 3-year window, the weekly returns of UEC and URG correlate at 0.73, strong. The relationship has been stable: the 1-year correlation (0.73) sits close to the 3-year figure. Stretching to 5 years gives 0.76, with an annualized covariance of 2740.5 %².
Among the 18 assets we track against UEC, URG ranks #8 by 3-year correlation. The last year tells two different stories: UEC led by 18.8 percentage points, +31.3% for UEC 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.
UEC vs URG: side by side
| UEC (Uranium Energy Corp.) | URG (Ur Energy Inc) | |
|---|---|---|
| 1-year return | +31.3% | +12.5% |
| 5-year return | +467.5% | +26.4% |
| Volatility (ann.) | 63.2% | 59.1% |
| Beta vs S&P 500 | 1.71 | 1.21 |
| Max drawdown (3Y) | -55.1% | -72.1% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UEC | URG |
|---|---|---|
| 2022 | +15.8% | -5.7% |
| 2023 | +64.9% | +33.9% |
| 2024 | +4.5% | -25.3% |
| 2025 | +74.6% | +20.9% |
| 2026 | +16.6% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UEC and URG good diversifiers for each other?
Only partially. A correlation of 0.73 means UEC 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 UEC and URG?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.73 over the last year and 0.76 over 5 years.
Is URG a good diversifier for UEC?
Only partially. A correlation of 0.73 means UEC 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 0.73 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/uec-vs-urg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/uec-vs-urg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: UEC correlations · URG correlations
