UEC vs UROY: Correlation
How closely do Uranium Energy Corp. (UEC) and Uranium Royalty Corp. (UROY) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UEC and UROY?
Over the past 3 years, UEC and UROY moved with a correlation of 0.75, which is strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 2822.4 %².
Within UEC's tracked universe of 18 assets, UROY comes in at #5 by 3-year correlation. The trailing year gives UROY the advantage: +31.3% versus +42.9%, a 11.6-point spread.
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 UROY: side by side
| UEC (Uranium Energy Corp.) | UROY (Uranium Royalty Corp.) | |
|---|---|---|
| 1-year return | +31.3% | +42.9% |
| 5-year return | +467.5% | +56.3% |
| Volatility (ann.) | 63.2% | 59.9% |
| Beta vs S&P 500 | 1.71 | 1.40 |
| Max drawdown (3Y) | -55.1% | -59.7% |
| Market cap | – | $1.7B |
| P/E (trailing) | – | 14.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UEC | UROY |
|---|---|---|
| 2022 | +15.8% | -35.1% |
| 2023 | +64.9% | +13.9% |
| 2024 | +4.5% | -18.9% |
| 2025 | +74.6% | +61.6% |
| 2026 | +16.6% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UEC and UROY good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between UEC and UROY?
As of 2026-08-27, the correlation of weekly returns between UEC and UROY is 0.75 over 3 years, 0.69 over 1 year and 0.74 over 5 years.
Is UROY a good diversifier for UEC?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 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/uec-vs-uroy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/uec-vs-uroy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: UEC correlations · UROY correlations
