FC.TO vs. BPF-UN.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Firm Capital Mortgage Investment Corporation (FC.TO) and Boston Pizza Royalties Income Fund (BPF-UN.TO).

Performance

FC.TO vs. BPF-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Firm Capital Mortgage Investment Corporation (FC.TO) and Boston Pizza Royalties Income Fund (BPF-UN.TO). The values are adjusted to include any dividend payments, if applicable.

FC.TO vs. BPF-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FC.TO Firm Capital Mortgage Investment Corporation	1.97%	6.87%	20.14%	11.21%	-19.55%	20.36%	-6.50%	20.36%	8.82%	2.16%
BPF-UN.TO Boston Pizza Royalties Income Fund	8.93%	39.45%	24.81%	10.18%	5.44%	51.64%	-12.49%	-3.10%	-25.51%	2.03%

Fundamentals

Market Cap FC.TO : CA$475.78M BPF-UN.TO : CA$519.01M
EPS FC.TO : CA$0.96 BPF-UN.TO : CA$1.80
PE Ratio FC.TO : 12.32 BPF-UN.TO : 13.56
PEG Ratio FC.TO : 4.82 BPF-UN.TO : 2.78
PS Ratio FC.TO : 6.77 BPF-UN.TO : 11.02
PB Ratio FC.TO : 1.12 BPF-UN.TO : 1.79
Total Revenue (TTM) FC.TO : CA$68.18M BPF-UN.TO : CA$51.89M
Gross Profit (TTM) FC.TO : CA$54.28M BPF-UN.TO : CA$51.81M
EBITDA (TTM) FC.TO : CA$46.50M BPF-UN.TO : CA$65.14M

Returns By Period

In the year-to-date period, FC.TO achieves a 1.97% return, which is significantly lower than BPF-UN.TO's 8.93% return. Over the past 10 years, FC.TO has underperformed BPF-UN.TO with an annualized return of 7.10%, while BPF-UN.TO has yielded a comparatively higher 10.76% annualized return.

FC.TO

• 1D: 0.85%
• 1M: -4.14%
• YTD: 1.97%
• 6M: 0.15%
• 1Y: 7.51%
• 3Y*: 10.78%
• 5Y*: 4.63%
• 10Y*: 7.10%

BPF-UN.TO

• 1D: 1.71%
• 1M: -3.99%
• YTD: 8.93%
• 6M: 20.68%
• 1Y: 52.99%
• 3Y*: 27.39%
• 5Y*: 22.53%
• 10Y*: 10.76%

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

Return for Risk

FC.TO vs. BPF-UN.TO — Risk / Return Rank

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

FC.TO

FC.TO Risk / Return Rank: 62
FC.TO Sharpe Ratio Rank: 66
FC.TO Sortino Ratio Rank: 56
FC.TO Omega Ratio Rank: 56
FC.TO Calmar Ratio Rank: 66
FC.TO Martin Ratio Rank: 68

BPF-UN.TO

BPF-UN.TO Risk / Return Rank: 97
BPF-UN.TO Sharpe Ratio Rank: 98
BPF-UN.TO Sortino Ratio Rank: 98
BPF-UN.TO Omega Ratio Rank: 98
BPF-UN.TO Calmar Ratio Rank: 95
BPF-UN.TO Martin Ratio Rank: 97

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.

FC.TO vs. BPF-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Firm Capital Mortgage Investment Corporation (FC.TO) and Boston Pizza Royalties Income Fund (BPF-UN.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.

	FC.TO	BPF-UN.TO	Difference
Sharpe ratio Return per unit of total volatility	0.69	3.35	-2.66
Sortino ratio Return per unit of downside risk	1.00	4.75	-3.75
Omega ratio Gain probability vs. loss probability	1.13	1.67	-0.54
Calmar ratio Return relative to maximum drawdown	1.14	5.81	-4.67
Martin ratio Return relative to average drawdown	2.95	20.37	-17.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FC.TO vs. BPF-UN.TO - Sharpe Ratio Comparison

The current FC.TO Sharpe Ratio is 0.69, which is lower than the BPF-UN.TO Sharpe Ratio of 3.35. The chart below compares the historical Sharpe Ratios of FC.TO and BPF-UN.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FC.TO	BPF-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	3.35	-2.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	1.32	-1.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.36	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.49	+0.05

Correlation

The correlation between FC.TO and BPF-UN.TO is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FC.TO vs. BPF-UN.TO - Dividend Comparison

FC.TO's dividend yield for the trailing twelve months is around 7.98%, more than BPF-UN.TO's 6.28% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FC.TO Firm Capital Mortgage Investment Corporation	7.98%	8.70%	8.31%	9.13%	8.89%	6.61%	7.42%	6.83%	7.50%	7.72%	7.02%	7.83%
BPF-UN.TO Boston Pizza Royalties Income Fund	6.28%	6.73%	8.67%	8.31%	7.95%	5.57%	7.07%	10.25%	9.13%	6.30%	6.04%	7.14%

Drawdowns

FC.TO vs. BPF-UN.TO - Drawdown Comparison

The maximum FC.TO drawdown since its inception was -49.63%, smaller than the maximum BPF-UN.TO drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for FC.TO and BPF-UN.TO.

Drawdown Indicators

	FC.TO	BPF-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-49.63%	-70.67%	+21.04%
Max Drawdown (1Y) Largest decline over 1 year	-6.65%	-9.29%	+2.64%
Max Drawdown (5Y) Largest decline over 5 years	-29.03%	-18.63%	-10.40%
Max Drawdown (10Y) Largest decline over 10 years	-49.63%	-70.67%	+21.04%
Current Drawdown Current decline from peak	-4.55%	-4.59%	+0.04%
Average Drawdown Average peak-to-trough decline	-5.23%	-11.85%	+6.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	2.65%	-0.08%

Volatility

FC.TO vs. BPF-UN.TO - Volatility Comparison

The current volatility for Firm Capital Mortgage Investment Corporation (FC.TO) is 3.72%, while Boston Pizza Royalties Income Fund (BPF-UN.TO) has a volatility of 6.77%. This indicates that FC.TO experiences smaller price fluctuations and is considered to be less risky than BPF-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FC.TO	BPF-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	6.77%	-3.05%
Volatility (6M) Calculated over the trailing 6-month period	7.00%	11.55%	-4.55%
Volatility (1Y) Calculated over the trailing 1-year period	10.92%	15.88%	-4.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.54%	17.14%	-1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.14%	29.72%	-10.58%

Financials