FNV.TO vs. COST
FNV.TO (Franco-Nevada Corporation) and COST (Costco Wholesale Corporation) are both stocks. FNV.TO operates in Gold (Basic Materials), while COST operates in Discount Stores (Consumer Defensive). Over the past 10 years, FNV.TO returned 13.77%/yr vs 23.33%/yr for COST. At a 0.02 correlation, their price movements are largely independent.
Performance
FNV.TO vs. COST - Performance Comparison
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Different Trading Currencies
FNV.TO is traded in CAD, while COST is traded in USD. To make them comparable, the COST values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FNV.TO achieves a 3.49% return, which is significantly lower than COST's 16.61% return. Over the past 10 years, FNV.TO has underperformed COST with an annualized return of 13.77%, while COST has yielded a comparatively higher 23.33% annualized return.
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%
COST
- 1D
- 0.91%
- 1M
- -2.96%
- YTD
- 16.61%
- 6M
- 13.02%
- 1Y
- 0.78%
- 3Y*
- 27.01%
- 5Y*
- 25.71%
- 10Y*
- 23.33%
FNV.TO vs. COST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
COST Costco Wholesale Corporation | 16.68% | -9.71% | 51.45% | 45.46% | -13.92% | 51.75% | 29.52% | 39.70% | 19.90% | 14.09% |
Correlation
The correlation between FNV.TO and COST is -0.00, 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 | -0.00 |
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 | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2007 | 0.02 |
The correlation between FNV.TO and COST shifts across timeframes, from -0.00 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
FNV.TO:
$7.09
COST:
$26.51
FNV.TO:
29.59
COST:
37.06
FNV.TO:
0.62
COST:
2.90
FNV.TO:
19.27
COST:
1.12
FNV.TO:
$2.10B
COST:
$293.59B
FNV.TO:
$1.61B
COST:
$11.12B
FNV.TO:
$1.96B
COST:
$12.48B
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Return for Risk
FNV.TO vs. COST — Risk / Return Rank
FNV.TO
COST
FNV.TO vs. COST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franco-Nevada Corporation (FNV.TO) and Costco Wholesale Corporation (COST). 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.
| FNV.TO | COST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.02 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.05 | +1.18 |
| Martin ratioReturn relative to average drawdown | 3.00 | 0.13 | +2.87 |
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Drawdowns
FNV.TO vs. COST - Drawdown Comparison
The maximum FNV.TO drawdown since its inception was -47.77%, which is greater than COST's maximum drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for FNV.TO and COST.
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Drawdown Indicators
| FNV.TO | COST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.77% | -33.74% | -14.03% |
Max Drawdown (1Y)Largest decline over 1 year | -24.10% | -14.89% | -9.21% |
Max Drawdown (3Y)Largest decline over 3 years | -27.39% | -23.58% | -3.81% |
Max Drawdown (5Y)Largest decline over 5 years | -33.81% | -30.01% | -3.80% |
Max Drawdown (10Y)Largest decline over 10 years | -38.28% | -30.01% | -8.27% |
Current DrawdownCurrent decline from peak | -23.27% | -10.21% | -13.06% |
Average DrawdownAverage peak-to-trough decline | -12.26% | -7.21% | -5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.88% | 6.20% | +3.68% |
Volatility
FNV.TO vs. COST - Volatility Comparison
Franco-Nevada Corporation (FNV.TO) has a higher volatility of 12.29% compared to Costco Wholesale Corporation (COST) at 7.80%. This indicates that FNV.TO's price experiences larger fluctuations and is considered to be riskier than COST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNV.TO | COST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.29% | 7.80% | +4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 29.14% | 15.65% | +13.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.12% | 20.08% | +15.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.39% | 23.87% | +4.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.81% | 23.14% | +5.67% |
Dividends
FNV.TO vs. COST - Dividend Comparison
FNV.TO's dividend yield for the trailing twelve months is around 0.77%, more than COST's 0.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COST Costco Wholesale Corporation | 0.55% | 0.59% | 0.49% | 2.87% | 0.76% | 0.54% | 3.38% | 0.86% | 1.08% | 4.81% | 1.09% | 4.06% |
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
FNV.TO vs. COST - Financials Comparison
This section allows you to compare key financial metrics between Franco-Nevada Corporation and Costco Wholesale 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
FNV.TO vs. COST - Profitability Comparison
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%.
COST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Costco Wholesale Corporation reported a gross profit of -17.68B and revenue of 70.53B. Therefore, the gross margin over that period was -25.1%.
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%.
COST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Costco Wholesale Corporation reported an operating income of 2.82B and revenue of 70.53B, resulting in an operating margin of 4.0%.
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%.
COST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Costco Wholesale Corporation reported a net income of 2.19B and revenue of 70.53B, resulting in a net margin of 3.1%.
Frequently Asked Questions
FNV.TO and COST have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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