ATD.TO vs. FNV.TO
ATD.TO (Alimentation Couche-Tard Inc.) and FNV.TO (Franco-Nevada Corporation) are both stocks. ATD.TO operates in Specialty Retail (Consumer Cyclical), while FNV.TO operates in Gold (Basic Materials). Over the past 10 years, ATD.TO returned 13.04%/yr vs 13.77%/yr for FNV.TO. At a 0.05 correlation, their price movements are largely independent.
Performance
ATD.TO vs. FNV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ATD.TO achieves a 12.78% return, which is significantly higher than FNV.TO's 3.49% return. Over the past 10 years, ATD.TO has underperformed FNV.TO with an annualized return of 13.04%, while FNV.TO has yielded a comparatively higher 13.77% annualized return.
ATD.TO
- 1D
- -0.05%
- 1M
- 8.16%
- YTD
- 12.78%
- 6M
- 17.03%
- 1Y
- 15.69%
- 3Y*
- 10.22%
- 5Y*
- 14.17%
- 10Y*
- 13.04%
FNV.TO
- 1D
- 1.09%
- 1M
- -10.89%
- YTD
- 3.49%
- 6M
- -0.42%
- 1Y
- 29.56%
- 3Y*
- 16.24%
- 5Y*
- 10.80%
- 10Y*
- 13.77%
ATD.TO vs. FNV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATD.TO Alimentation Couche-Tard Inc. | 12.78% | -4.91% | 3.11% | 32.26% | 13.21% | 22.84% | 5.88% | 23.08% | 4.21% | 7.08% |
FNV.TO Franco-Nevada Corporation | 3.49% | 69.89% | 16.50% | -19.65% | 6.38% | 10.37% | 19.99% | 41.29% | -3.60% | 26.45% |
Correlation
The correlation between ATD.TO and FNV.TO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2007 | 0.05 |
Fundamentals
ATD.TO:
CA$77.94B
FNV.TO:
CA$56.67B
ATD.TO:
$2.90
FNV.TO:
$7.09
ATD.TO:
20.80
FNV.TO:
29.59
ATD.TO:
6.44
FNV.TO:
0.62
ATD.TO:
0.77
FNV.TO:
19.27
ATD.TO:
3.58
FNV.TO:
5.00
ATD.TO:
$73.29B
FNV.TO:
$2.10B
ATD.TO:
$13.89B
FNV.TO:
$1.61B
ATD.TO:
$6.26B
FNV.TO:
$1.96B
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Return for Risk
ATD.TO vs. FNV.TO — Risk / Return Rank
ATD.TO
FNV.TO
ATD.TO vs. FNV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alimentation Couche-Tard Inc. (ATD.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.
| ATD.TO | FNV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.17 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.23 | +0.22 |
| Martin ratioReturn relative to average drawdown | 2.66 | 3.00 | -0.34 |
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Drawdowns
ATD.TO vs. FNV.TO - Drawdown Comparison
The maximum ATD.TO drawdown since its inception was -60.77%, 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 ATD.TO and FNV.TO.
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Drawdown Indicators
| ATD.TO | FNV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.77% | -47.77% | -13.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -24.10% | +13.26% |
Max Drawdown (3Y)Largest decline over 3 years | -22.16% | -27.39% | +5.23% |
Max Drawdown (5Y)Largest decline over 5 years | -22.16% | -33.81% | +11.65% |
Max Drawdown (10Y)Largest decline over 10 years | -32.61% | -38.28% | +5.67% |
Current DrawdownCurrent decline from peak | -0.84% | -23.27% | +22.43% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -12.26% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.97% | 9.88% | -3.91% |
Volatility
ATD.TO vs. FNV.TO - Volatility Comparison
The current volatility for Alimentation Couche-Tard Inc. (ATD.TO) is 5.83%, while Franco-Nevada Corporation (FNV.TO) has a volatility of 12.29%. This indicates that ATD.TO experiences smaller price fluctuations and is considered to be less risky 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
| ATD.TO | FNV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 12.29% | -6.46% |
Volatility (6M)Calculated over the trailing 6-month period | 17.92% | 29.14% | -11.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.50% | 35.12% | -9.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.66% | 28.39% | -4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.51% | 28.81% | -4.30% |
Dividends
ATD.TO vs. FNV.TO - Dividend Comparison
ATD.TO's dividend yield for the trailing twelve months is around 0.97%, more than FNV.TO's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATD.TO Alimentation Couche-Tard Inc. | 0.97% | 1.07% | 0.90% | 0.76% | 0.79% | 0.70% | 0.69% | 1.06% | 1.15% | 1.09% | 1.00% | 0.72% |
FNV.TO Franco-Nevada Corporation | 0.77% | 0.74% | 1.17% | 1.25% | 0.81% | 0.66% | 0.86% | 0.74% | 1.07% | 0.98% | 1.08% | 1.42% |
Financials
ATD.TO vs. FNV.TO - Financials Comparison
This section allows you to compare key financial metrics between Alimentation Couche-Tard Inc. 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
ATD.TO vs. FNV.TO - Profitability Comparison
ATD.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alimentation Couche-Tard Inc. reported a gross profit of 4.24B and revenue of 21.81B. Therefore, the gross margin over that period was 19.4%.
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%.
ATD.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alimentation Couche-Tard Inc. reported an operating income of 1.15B and revenue of 21.81B, resulting in an operating margin of 5.3%.
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%.
ATD.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alimentation Couche-Tard Inc. reported a net income of 757.20M and revenue of 21.81B, resulting in a net margin of 3.5%.
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
ATD.TO and FNV.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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