ABX.TO vs. FNV.TO
ABX.TO (Barrick Gold Corporation) and FNV.TO (Franco-Nevada Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, ABX.TO returned 9.59%/yr vs 13.50%/yr for FNV.TO. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
ABX.TO vs. FNV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ABX.TO achieves a -8.19% return, which is significantly lower than FNV.TO's 7.16% return. Over the past 10 years, ABX.TO has underperformed FNV.TO with an annualized return of 9.59%, while FNV.TO has yielded a comparatively higher 13.50% annualized return.
ABX.TO
- 1D
- -4.63%
- 1M
- -3.15%
- YTD
- -8.19%
- 6M
- -12.28%
- 1Y
- 90.66%
- 3Y*
- 38.85%
- 5Y*
- 19.55%
- 10Y*
- 9.59%
FNV.TO
- 1D
- -2.87%
- 1M
- -2.47%
- YTD
- 7.16%
- 6M
- 3.15%
- 1Y
- 33.19%
- 3Y*
- 19.47%
- 5Y*
- 12.21%
- 10Y*
- 13.50%
ABX.TO vs. FNV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABX.TO Barrick Gold Corporation | -8.19% | 173.89% | -4.69% | 5.66% | 1.28% | -13.98% | 21.72% | 31.81% | 2.67% | -14.89% |
FNV.TO Franco-Nevada Corporation | 7.16% | 69.89% | 16.50% | -19.65% | 6.38% | 10.37% | 19.99% | 41.29% | -3.60% | 26.45% |
Correlation
The correlation between ABX.TO and FNV.TO is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2007 | 0.68 |
The correlation between ABX.TO and FNV.TO has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.
Fundamentals
ABX.TO:
CA$90.80B
FNV.TO:
CA$58.68B
ABX.TO:
$3.60
FNV.TO:
$7.09
ABX.TO:
10.64
FNV.TO:
30.23
ABX.TO:
0.12
FNV.TO:
0.63
ABX.TO:
3.41
FNV.TO:
19.69
ABX.TO:
2.34
FNV.TO:
5.11
ABX.TO:
$19.02B
FNV.TO:
$2.10B
ABX.TO:
$10.15B
FNV.TO:
$1.61B
ABX.TO:
$12.44B
FNV.TO:
$1.96B
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Return for Risk
ABX.TO vs. FNV.TO — Risk / Return Rank
ABX.TO
FNV.TO
ABX.TO vs. FNV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barrick Gold Corporation (ABX.TO) and Franco-Nevada Corporation (FNV.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ABX.TO | FNV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.18 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 1.38 | +1.82 |
| Martin ratioReturn relative to average drawdown | 7.61 | 3.26 | +4.35 |
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Drawdowns
ABX.TO vs. FNV.TO - Drawdown Comparison
The maximum ABX.TO drawdown since its inception was -84.65%, which is greater than FNV.TO's maximum drawdown of -47.77%. Use the drawdown chart below to compare losses from any high point for ABX.TO and FNV.TO.
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Drawdown Indicators
| ABX.TO | FNV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.65% | -47.77% | -36.88% |
Max Drawdown (1Y)Largest decline over 1 year | -28.49% | -24.10% | -4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -28.49% | -27.39% | -1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -43.11% | -33.81% | -9.30% |
Max Drawdown (10Y)Largest decline over 10 years | -56.74% | -38.28% | -18.46% |
Current DrawdownCurrent decline from peak | -23.61% | -20.55% | -3.06% |
Average DrawdownAverage peak-to-trough decline | -40.50% | -12.27% | -28.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.96% | 10.27% | +1.69% |
Volatility
ABX.TO vs. FNV.TO - Volatility Comparison
Barrick Gold Corporation (ABX.TO) has a higher volatility of 14.89% compared to Franco-Nevada Corporation (FNV.TO) at 13.90%. This indicates that ABX.TO's price experiences larger fluctuations and is considered to be riskier than FNV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABX.TO | FNV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.89% | 13.90% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 35.42% | 30.24% | +5.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.54% | 36.12% | +9.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.73% | 28.66% | +6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.90% | 28.80% | +7.10% |
Dividends
ABX.TO vs. FNV.TO - Dividend Comparison
ABX.TO's dividend yield for the trailing twelve months is around 2.33%, more than FNV.TO's 0.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABX.TO Barrick Gold Corporation | 2.33% | 1.22% | 2.46% | 2.27% | 4.77% | 3.96% | 1.33% | 0.60% | 1.17% | 0.72% | 0.47% | 1.43% |
FNV.TO Franco-Nevada Corporation | 0.75% | 0.74% | 1.17% | 1.25% | 0.81% | 0.66% | 0.86% | 0.74% | 1.07% | 0.98% | 1.08% | 1.42% |
Financials
ABX.TO vs. FNV.TO - Financials Comparison
This section allows you to compare key financial metrics between Barrick Gold Corporation and Franco-Nevada Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ABX.TO vs. FNV.TO - Profitability Comparison
ABX.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Barrick Gold Corporation reported a gross profit of 2.97B and revenue of 5.16B. Therefore, the gross margin over that period was 57.5%.
FNV.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Franco-Nevada Corporation reported a gross profit of 517.08M and revenue of 639.45M. Therefore, the gross margin over that period was 80.9%.
ABX.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Barrick Gold Corporation reported an operating income of 2.93B and revenue of 5.16B, resulting in an operating margin of 56.7%.
FNV.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Franco-Nevada Corporation reported an operating income of 501.94M and revenue of 639.45M, resulting in an operating margin of 78.5%.
ABX.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Barrick Gold Corporation reported a net income of 1.58B and revenue of 5.16B, resulting in a net margin of 30.5%.
FNV.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Franco-Nevada Corporation reported a net income of 460.92M and revenue of 639.45M, resulting in a net margin of 72.1%.
Frequently Asked Questions
ABX.TO and FNV.TO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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