DFN.TO vs. CNC.V

Last updated Jun 9, 2026

DFN.TO (Dividend 15 Split Corp.) and CNC.V (Canada Nickel Company Inc) are both stocks. DFN.TO operates in Asset Management (Financial Services), while CNC.V operates in Other Industrial Metals & Mining (Basic Materials). Over the past 5 years, DFN.TO returned 17.09%/yr vs -15.98%/yr for CNC.V. At a 0.12 correlation, their price movements are largely independent.

Performance

DFN.TO vs. CNC.V - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dividend 15 Split Corp. (DFN.TO) and Canada Nickel Company Inc (CNC.V). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFN.TO achieves a 17.29% return, which is significantly higher than CNC.V's 5.00% return.

DFN.TO

• 1D: 1.36%
• 1M: 4.91%
• YTD: 17.29%
• 6M: 22.46%
• 1Y: 61.98%
• 3Y*: 23.42%
• 5Y*: 17.09%
• 10Y*: 12.58%

CNC.V

• 1D: -2.00%
• 1M: -12.50%
• YTD: 5.00%
• 6M: 20.49%
• 1Y: 47.00%
• 3Y*: 4.45%
• 5Y*: -15.98%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFN.TO vs. CNC.V - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DFN.TO Dividend 15 Split Corp.	17.29%	46.96%	38.64%	-19.97%	9.39%	37.70%	-8.06%
CNC.V Canada Nickel Company Inc	5.00%	52.17%	-19.30%	-44.39%	-44.74%	91.24%	288.00%

Correlation

The correlation between DFN.TO and CNC.V is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020	0.12

The correlation between DFN.TO and CNC.V shifts across timeframes, from 0.12 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap DFN.TO : CA$1.12B CNC.V : CA$333.53M
EPS DFN.TO : CA$2.58 CNC.V : -CA$0.13
PB Ratio DFN.TO : 1.03 CNC.V : 1.39
Total Revenue (TTM) DFN.TO : CA$138.51M CNC.V : CA$0.00
Gross Profit (TTM) DFN.TO : CA$125.98M CNC.V : CA$0.00
EBITDA (TTM) DFN.TO : CA$382.25M CNC.V : -CA$15.27M

Return for Risk

DFN.TO vs. CNC.V — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFN.TO

DFN.TO Risk / Return Rank: 97
DFN.TO Sharpe Ratio Rank: 98
DFN.TO Sortino Ratio Rank: 97
DFN.TO Omega Ratio Rank: 98
DFN.TO Calmar Ratio Rank: 93
DFN.TO Martin Ratio Rank: 97

CNC.V

CNC.V Risk / Return Rank: 65
CNC.V Sharpe Ratio Rank: 66
CNC.V Sortino Ratio Rank: 67
CNC.V Omega Ratio Rank: 64
CNC.V Calmar Ratio Rank: 65
CNC.V Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFN.TO vs. CNC.V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dividend 15 Split Corp. (DFN.TO) and Canada Nickel Company Inc (CNC.V). 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.

	DFN.TO	CNC.V	Difference
Sharpe ratio: Return per unit of total volatility	3.90	0.68	+3.22
Sortino ratio: Return per unit of downside risk	4.57	1.51	+3.06
Omega ratio: Gain probability vs. loss probability	1.87	1.18	+0.70
Calmar ratio: Return relative to maximum drawdown	5.44	1.07	+4.37
Martin ratio: Return relative to average drawdown	26.72	2.03	+24.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFN.TO vs. CNC.V - Sharpe Ratio Comparison

The current DFN.TO Sharpe Ratio is 3.90, which is higher than the CNC.V Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of DFN.TO and CNC.V, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DFN.TO	CNC.V	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.90	0.68	+3.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	-0.27	+0.93
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.11	+0.28

Drawdowns

DFN.TO vs. CNC.V - Drawdown Comparison

The maximum DFN.TO drawdown since its inception was -71.55%, smaller than the maximum CNC.V drawdown of -83.14%. Use the drawdown chart below to compare losses from any high point for DFN.TO and CNC.V.

Drawdown Indicators

	DFN.TO	CNC.V	Difference
Max Drawdown Largest peak-to-trough decline	-71.55%	-83.14%	+11.59%
Max Drawdown (1Y) Largest decline over 1 year	-11.45%	-44.09%	+32.64%
Max Drawdown (3Y) Largest decline over 3 years	-53.72%	-64.25%	+10.53%
Max Drawdown (5Y) Largest decline over 5 years	-55.26%	-80.68%	+25.42%
Max Drawdown (10Y) Largest decline over 10 years	-58.39%	—	—
Current Drawdown Current decline from peak	-0.48%	-66.51%	+66.03%
Average Drawdown Average peak-to-trough decline	-10.73%	-55.12%	+44.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	23.20%	-20.87%

Volatility

DFN.TO vs. CNC.V - Volatility Comparison

The current volatility for Dividend 15 Split Corp. (DFN.TO) is 3.13%, while Canada Nickel Company Inc (CNC.V) has a volatility of 14.01%. This indicates that DFN.TO experiences smaller price fluctuations and is considered to be less risky than CNC.V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFN.TO	CNC.V	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.13%	14.01%	-10.88%
Volatility (6M) Calculated over the trailing 6-month period	14.58%	49.07%	-34.49%
Volatility (1Y) Calculated over the trailing 1-year period	16.00%	69.74%	-53.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.88%	60.42%	-34.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.28%	76.69%	-46.41%

Dividends

DFN.TO vs. CNC.V - Dividend Comparison

DFN.TO's dividend yield for the trailing twelve months is around 14.60%, while CNC.V has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNC.V Canada Nickel Company Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DFN.TO Dividend 15 Split Corp.	14.60%	16.06%	17.92%	14.87%	15.94%	15.00%	11.83%	13.99%	15.54%	11.08%	11.17%	11.76%

Financials

Frequently Asked Questions

Can I hold both DFN.TO and CNC.V in my portfolio?

DFN.TO and CNC.V have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.