FNV.TO vs. GDXJ
Compare and contrast key facts about Franco-Nevada Corporation (FNV.TO) and VanEck Vectors Junior Gold Miners ETF (GDXJ).
GDXJ is a passively managed fund by VanEck that tracks the performance of the MVIS Global Junior Gold Miners Index. It was launched on Nov 10, 2009.
Performance
FNV.TO vs. GDXJ - Performance Comparison
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FNV.TO vs. GDXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNV.TO Franco-Nevada Corporation | 21.27% | 69.90% | 16.50% | -19.65% | 6.49% | 10.56% | 19.99% | 41.69% | -3.12% | 26.63% |
GDXJ VanEck Vectors Junior Gold Miners ETF | 6.93% | 159.80% | 25.61% | 4.76% | -8.44% | -21.96% | 28.19% | 33.54% | -3.48% | 1.32% |
Different Trading Currencies
FNV.TO is traded in CAD, while GDXJ is traded in USD. To make them comparable, the GDXJ 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 21.27% return, which is significantly higher than GDXJ's 6.93% return. Over the past 10 years, FNV.TO has underperformed GDXJ with an annualized return of 17.08%, while GDXJ has yielded a comparatively higher 18.16% annualized return.
FNV.TO
- 1D
- 6.00%
- 1M
- -9.50%
- YTD
- 21.27%
- 6M
- 11.59%
- 1Y
- 53.37%
- 3Y*
- 21.67%
- 5Y*
- 17.27%
- 10Y*
- 17.08%
GDXJ
- 1D
- 8.40%
- 1M
- -21.63%
- YTD
- 6.93%
- 6M
- 23.90%
- 1Y
- 107.54%
- 3Y*
- 48.96%
- 5Y*
- 25.26%
- 10Y*
- 18.16%
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Return for Risk
FNV.TO vs. GDXJ — Risk / Return Rank
FNV.TO
GDXJ
FNV.TO vs. GDXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franco-Nevada Corporation (FNV.TO) and VanEck Vectors Junior Gold Miners ETF (GDXJ). 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.
| FNV.TO | GDXJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 2.22 | -0.70 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.46 | -0.53 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.35 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.76 | 3.38 | -0.62 |
Martin ratioReturn relative to average drawdown | 7.31 | 11.88 | -4.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNV.TO | GDXJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 2.22 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.67 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.43 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.12 | +0.45 |
Correlation
The correlation between FNV.TO and GDXJ is 0.71, 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.
Dividends
FNV.TO vs. GDXJ - Dividend Comparison
FNV.TO's dividend yield for the trailing twelve months is around 0.63%, less than GDXJ's 2.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNV.TO Franco-Nevada Corporation | 0.63% | 0.75% | 1.17% | 1.25% | 0.91% | 0.83% | 0.86% | 0.98% | 1.55% | 1.12% | 1.42% | 1.53% |
GDXJ VanEck Vectors Junior Gold Miners ETF | 2.21% | 2.33% | 2.61% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% |
Drawdowns
FNV.TO vs. GDXJ - Drawdown Comparison
The maximum FNV.TO drawdown since its inception was -47.77%, smaller than the maximum GDXJ drawdown of -83.55%. Use the drawdown chart below to compare losses from any high point for FNV.TO and GDXJ.
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Drawdown Indicators
| FNV.TO | GDXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.77% | -88.66% | +40.89% |
Max Drawdown (1Y)Largest decline over 1 year | -20.31% | -32.92% | +12.61% |
Max Drawdown (5Y)Largest decline over 5 years | -33.81% | -51.76% | +17.95% |
Max Drawdown (10Y)Largest decline over 10 years | -38.28% | -57.77% | +19.49% |
Current DrawdownCurrent decline from peak | -10.09% | -23.14% | +13.05% |
Average DrawdownAverage peak-to-trough decline | -12.18% | -60.91% | +48.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.66% | 9.43% | -1.77% |
Volatility
FNV.TO vs. GDXJ - Volatility Comparison
The current volatility for Franco-Nevada Corporation (FNV.TO) is 13.54%, while VanEck Vectors Junior Gold Miners ETF (GDXJ) has a volatility of 20.30%. This indicates that FNV.TO experiences smaller price fluctuations and is considered to be less risky than GDXJ 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 | GDXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.54% | 20.30% | -6.76% |
Volatility (6M)Calculated over the trailing 6-month period | 28.73% | 41.20% | -12.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.38% | 48.80% | -13.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.79% | 37.70% | -9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.93% | 42.29% | -13.36% |