FNV.TO vs. GDX
Compare and contrast key facts about Franco-Nevada Corporation (FNV.TO) and VanEck Vectors Gold Miners ETF (GDX).
GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNV.TO or GDX.
Key characteristics
| FNV.TO | GDX | |
|---|---|---|
| YTD Return | 27.09% | 29.35% |
| 1Y Return | 9.70% | 39.86% |
| 3Y Return (Ann) | 2.17% | 8.84% |
| 5Y Return (Ann) | 8.71% | 10.05% |
| 10Y Return (Ann) | 13.59% | 9.01% |
| Sharpe Ratio | 0.39 | 1.22 |
| Sortino Ratio | 0.70 | 1.78 |
| Omega Ratio | 1.08 | 1.21 |
| Calmar Ratio | 0.29 | 0.68 |
| Martin Ratio | 1.13 | 5.25 |
| Ulcer Index | 8.60% | 7.30% |
| Daily Std Dev | 24.93% | 31.50% |
| Max Drawdown | -47.77% | -80.57% |
| Current Drawdown | -12.68% | -32.37% |
Correlation
The correlation between FNV.TO and GDX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FNV.TO vs. GDX - Performance Comparison
In the year-to-date period, FNV.TO achieves a 27.09% return, which is significantly lower than GDX's 29.35% return. Over the past 10 years, FNV.TO has outperformed GDX with an annualized return of 13.59%, while GDX has yielded a comparatively lower 9.01% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FNV.TO vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franco-Nevada Corporation (FNV.TO) and VanEck Vectors Gold Miners ETF (GDX). 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.
Dividends
FNV.TO vs. GDX - Dividend Comparison
FNV.TO's dividend yield for the trailing twelve months is around 0.77%, less than GDX's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNV.TO Franco-Nevada Corporation | 0.77% | 0.93% | 0.69% | 0.66% | 0.65% | 0.74% | 1.32% | 0.91% | 1.08% | 1.31% | 1.36% | 1.66% |
GDX VanEck Vectors Gold Miners ETF | 1.25% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
Drawdowns
FNV.TO vs. GDX - Drawdown Comparison
The maximum FNV.TO drawdown since its inception was -47.77%, smaller than the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for FNV.TO and GDX. For additional features, visit the drawdowns tool.
Volatility
FNV.TO vs. GDX - Volatility Comparison
The current volatility for Franco-Nevada Corporation (FNV.TO) is 5.92%, while VanEck Vectors Gold Miners ETF (GDX) has a volatility of 7.77%. This indicates that FNV.TO experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.