CALM vs. FNV
CALM (Cal-Maine Foods, Inc.) and FNV (Franco-Nevada Corporation) are both stocks. CALM operates in Farm Products (Consumer Defensive), while FNV operates in Gold (Basic Materials). Over the past 10 years, CALM returned 11.14%/yr vs 11.70%/yr for FNV. At a 0.08 correlation, their price movements are largely independent.
Performance
CALM vs. FNV - Performance Comparison
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Returns By Period
In the year-to-date period, CALM achieves a 12.61% return, which is significantly higher than FNV's -3.07% return. Over the past 10 years, CALM has underperformed FNV with an annualized return of 11.14%, while FNV has yielded a comparatively higher 11.70% annualized return.
CALM
- 1D
- -0.15%
- 1M
- 13.75%
- 6M
- 14.99%
- YTD
- 12.61%
- 1Y
- -12.17%
- 3Y*
- 32.96%
- 5Y*
- 27.18%
- 10Y*
- 11.14%
- ALL TIME*
- 16.59%
FNV
- 1D
- -0.30%
- 1M
- -8.71%
- 6M
- -17.57%
- YTD
- -3.07%
- 1Y
- 30.63%
- 3Y*
- 12.10%
- 5Y*
- 6.99%
- 10Y*
- 11.70%
- ALL TIME*
- 16.34%
CALM vs. FNV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CALM Cal-Maine Foods, Inc. | 12.61% | -15.61% | 87.00% | 14.48% | 51.87% | -1.38% | -12.19% | 2.09% | -3.90% | 0.62% |
FNV Franco-Nevada Corporation | -3.07% | 77.81% | 7.41% | -17.96% | -0.39% | 11.57% | 22.31% | 48.92% | -11.00% | 35.45% |
Correlation
The correlation between CALM and FNV is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2007 | 0.08 |
Fundamentals
CALM:
$4.19B
FNV:
$38.60B
CALM:
$14.48
FNV:
$7.10
CALM:
6.11
FNV:
28.20
CALM:
0.00
FNV:
0.59
CALM:
1.23
FNV:
18.37
CALM:
1.55
FNV:
4.75
CALM:
$3.46B
FNV:
$2.10B
CALM:
$1.17B
FNV:
$1.61B
CALM:
$1.05B
FNV:
$1.96B
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Return for Risk
CALM vs. FNV — Risk / Return Rank
CALM
FNV
CALM vs. FNV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cal-Maine Foods, Inc. (CALM) and Franco-Nevada Corporation (FNV). 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.
| CALM | FNV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.17 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 1.05 | -1.38 |
| Martin ratioReturn relative to average drawdown | -0.48 | 2.42 | -2.90 |
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Drawdowns
CALM vs. FNV - Drawdown Comparison
The maximum CALM drawdown since its inception was -74.08%, which is greater than FNV's maximum drawdown of -58.76%. Use the drawdown chart below to compare losses from any high point for CALM and FNV.
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Drawdown Indicators
| CALM | FNV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.08% | -58.76% | -15.32% |
Max Drawdown (1Y)Largest decline over 1 year | -37.00% | -29.18% | -7.82% |
Max Drawdown (3Y)Largest decline over 3 years | -37.00% | -29.55% | -7.45% |
Max Drawdown (5Y)Largest decline over 5 years | -37.00% | -37.12% | +0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -39.12% | -37.12% | -2.00% |
Current DrawdownCurrent decline from peak | -22.07% | -28.45% | +6.38% |
Average DrawdownAverage peak-to-trough decline | -30.30% | -14.02% | -16.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.41% | 12.68% | +12.73% |
Volatility
CALM vs. FNV - Volatility Comparison
Cal-Maine Foods, Inc. (CALM) has a higher volatility of 10.98% compared to Franco-Nevada Corporation (FNV) at 9.87%. This indicates that CALM's price experiences larger fluctuations and is considered to be riskier than FNV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CALM | FNV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.98% | 9.87% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 21.51% | 31.08% | -9.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.08% | 37.44% | -3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.84% | 30.68% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.24% | 30.20% | +1.04% |
Dividends
CALM vs. FNV - Dividend Comparison
CALM's dividend yield for the trailing twelve months is around 5.43%, more than FNV's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CALM Cal-Maine Foods, Inc. | 5.43% | 10.90% | 2.82% | 7.51% | 3.17% | 0.09% | 0.00% | 0.98% | 1.03% | 0.00% | 2.70% | 4.10% |
FNV Franco-Nevada Corporation | 0.82% | 0.73% | 1.22% | 1.23% | 0.94% | 1.10% | 0.82% | 0.96% | 1.35% | 1.14% | 1.46% | 1.81% |
Financials
CALM vs. FNV - Financials Comparison
This section allows you to compare key financial metrics between Cal-Maine Foods, 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
CALM vs. FNV - Profitability Comparison
CALM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Cal-Maine Foods, Inc. reported a gross profit of 119.28M and revenue of 666.95M. Therefore, the gross margin over that period was 17.9%.
FNV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Franco-Nevada Corporation reported a gross profit of 518.42M and revenue of 641.09M. Therefore, the gross margin over that period was 80.9%.
CALM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Cal-Maine Foods, Inc. reported an operating income of 35.98M and revenue of 666.95M, resulting in an operating margin of 5.4%.
FNV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Franco-Nevada Corporation reported an operating income of 503.23M and revenue of 641.09M, resulting in an operating margin of 78.5%.
CALM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Cal-Maine Foods, Inc. reported a net income of 50.46M and revenue of 666.95M, resulting in a net margin of 7.6%.
FNV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Franco-Nevada Corporation reported a net income of 462.11M and revenue of 641.09M, resulting in a net margin of 72.1%.
Frequently Asked Questions
CALM and FNV have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CALM has higher volatility (10.98%) compared to FNV (9.87%). In terms of maximum drawdown, CALM dropped -74.08% vs FNV's -58.76%.
FNV currently has the higher Sharpe Ratio (0.82 vs -0.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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