URG vs UROY: Correlation
Ur Energy Inc (URG) and Uranium Royalty Corp. (UROY) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are URG and UROY?
On 3 years of weekly data the URG/UROY correlation comes out at 0.72, strong. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. The 5-year figure is 0.77, and annualized covariance runs at 2530.6 %².
Among the 12 assets we track against URG, UROY ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with UROY ahead by 30.4 points (+12.5% versus +42.9%).
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.
URG vs UROY: side by side
| URG (Ur Energy Inc) | UROY (Uranium Royalty Corp.) | |
|---|---|---|
| 1-year return | +12.5% | +42.9% |
| 5-year return | +26.4% | +56.3% |
| Volatility (ann.) | 59.1% | 59.9% |
| Beta vs S&P 500 | 1.21 | 1.40 |
| Max drawdown (3Y) | -72.1% | -59.7% |
| Market cap | $0.6B | $1.7B |
| P/E (trailing) | – | 14.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | URG | UROY |
|---|---|---|
| 2022 | -5.7% | -35.1% |
| 2023 | +33.9% | +13.9% |
| 2024 | -25.3% | -18.9% |
| 2025 | +20.9% | +61.6% |
| 2026 | +10.1% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are URG and UROY 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 URG and UROY?
As of 2026-08-27, the correlation of weekly returns between URG and UROY is 0.72 over 3 years, 0.73 over 1 year and 0.77 over 5 years.
Is UROY a good diversifier for URG?
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/urg-vs-uroy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/urg-vs-uroy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: URG correlations · UROY correlations
