FNV.TO vs. GLD
Compare and contrast key facts about Franco-Nevada Corporation (FNV.TO) and SPDR Gold Trust (GLD).
GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNV.TO or GLD.
Key characteristics
| FNV.TO | GLD | |
|---|---|---|
| YTD Return | 12.54% | 26.66% |
| 1Y Return | 0.53% | 34.89% |
| 3Y Return (Ann) | -3.63% | 11.61% |
| 5Y Return (Ann) | 5.55% | 11.95% |
| 10Y Return (Ann) | 11.85% | 7.80% |
| Sharpe Ratio | -0.01 | 2.26 |
| Sortino Ratio | 0.17 | 3.00 |
| Omega Ratio | 1.02 | 1.39 |
| Calmar Ratio | -0.01 | 4.51 |
| Martin Ratio | -0.02 | 14.98 |
| Ulcer Index | 7.64% | 2.23% |
| Daily Std Dev | 25.82% | 14.75% |
| Max Drawdown | -47.77% | -45.56% |
| Current Drawdown | -22.67% | -5.97% |
Correlation
The correlation between FNV.TO and GLD is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FNV.TO vs. GLD - Performance Comparison
In the year-to-date period, FNV.TO achieves a 12.54% return, which is significantly lower than GLD's 26.66% return. Over the past 10 years, FNV.TO has outperformed GLD with an annualized return of 11.85%, while GLD has yielded a comparatively lower 7.80% 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. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franco-Nevada Corporation (FNV.TO) and SPDR Gold Trust (GLD). 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. GLD - Dividend Comparison
FNV.TO's dividend yield for the trailing twelve months is around 0.87%, while GLD has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNV.TO Franco-Nevada Corporation | 0.87% | 0.93% | 0.69% | 0.66% | 0.65% | 0.74% | 1.32% | 0.91% | 1.08% | 1.31% | 1.36% | 1.66% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FNV.TO vs. GLD - Drawdown Comparison
The maximum FNV.TO drawdown since its inception was -47.77%, roughly equal to the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for FNV.TO and GLD. For additional features, visit the drawdowns tool.
Volatility
FNV.TO vs. GLD - Volatility Comparison
Franco-Nevada Corporation (FNV.TO) has a higher volatility of 9.24% compared to SPDR Gold Trust (GLD) at 5.36%. This indicates that FNV.TO's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.