FNV.TO vs. GOOG
FNV.TO (Franco-Nevada Corporation) and GOOG (Alphabet Inc) are both stocks. FNV.TO operates in Gold (Basic Materials), while GOOG operates in Internet Content & Information (Communication Services). Over the past 10 years, FNV.TO returned 13.77%/yr vs 27.06%/yr for GOOG. At a 0.08 correlation, their price movements are largely independent.
Performance
FNV.TO vs. GOOG - Performance Comparison
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Different Trading Currencies
FNV.TO is traded in CAD, while GOOG is traded in USD. To make them comparable, the GOOG 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 GOOG's 16.72% return. Over the past 10 years, FNV.TO has underperformed GOOG with an annualized return of 13.77%, while GOOG has yielded a comparatively higher 27.06% 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%
GOOG
- 1D
- 0.74%
- 1M
- -8.29%
- YTD
- 16.72%
- 6M
- 17.26%
- 1Y
- 107.73%
- 3Y*
- 44.85%
- 5Y*
- 27.16%
- 10Y*
- 27.06%
FNV.TO vs. GOOG - 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% |
GOOG Alphabet Inc | 16.72% | 57.87% | 47.10% | 55.05% | -34.79% | 65.09% | 27.92% | 23.78% | 7.29% | 26.40% |
Correlation
The correlation between FNV.TO and GOOG is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2014 | 0.08 |
Fundamentals
FNV.TO:
CA$56.67B
GOOG:
$4.38T
FNV.TO:
$7.09
GOOG:
$13.11
FNV.TO:
29.59
GOOG:
27.31
FNV.TO:
0.62
GOOG:
1.34
FNV.TO:
19.27
GOOG:
10.35
FNV.TO:
5.00
GOOG:
9.16
FNV.TO:
$2.10B
GOOG:
$422.57B
FNV.TO:
$1.61B
GOOG:
$255.12B
FNV.TO:
$1.96B
GOOG:
$174.08B
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Return for Risk
FNV.TO vs. GOOG — Risk / Return Rank
FNV.TO
GOOG
FNV.TO vs. GOOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franco-Nevada Corporation (FNV.TO) and Alphabet Inc (GOOG). 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 | GOOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -3.86 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.61 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 5.61 | -4.38 |
| Martin ratioReturn relative to average drawdown | 3.00 | 19.01 | -16.02 |
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Drawdowns
FNV.TO vs. GOOG - Drawdown Comparison
The maximum FNV.TO drawdown since its inception was -47.77%, which is greater than GOOG's maximum drawdown of -39.75%. Use the drawdown chart below to compare losses from any high point for FNV.TO and GOOG.
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Drawdown Indicators
| FNV.TO | GOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.77% | -39.75% | -8.02% |
Max Drawdown (1Y)Largest decline over 1 year | -24.10% | -19.31% | -4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -27.39% | -30.46% | +3.07% |
Max Drawdown (5Y)Largest decline over 5 years | -33.81% | -39.75% | +5.94% |
Max Drawdown (10Y)Largest decline over 10 years | -38.28% | -39.75% | +1.47% |
Current DrawdownCurrent decline from peak | -23.27% | -8.29% | -14.98% |
Average DrawdownAverage peak-to-trough decline | -12.26% | -8.46% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.88% | 5.69% | +4.19% |
Volatility
FNV.TO vs. GOOG - Volatility Comparison
Franco-Nevada Corporation (FNV.TO) has a higher volatility of 12.29% compared to Alphabet Inc (GOOG) at 7.65%. This indicates that FNV.TO's price experiences larger fluctuations and is considered to be riskier than GOOG 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 | GOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.29% | 7.65% | +4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 29.14% | 20.58% | +8.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.12% | 28.74% | +6.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.39% | 31.73% | -3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.81% | 29.72% | -0.91% |
Dividends
FNV.TO vs. GOOG - Dividend Comparison
FNV.TO's dividend yield for the trailing twelve months is around 0.77%, more than GOOG's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GOOG Alphabet Inc | 0.24% | 0.26% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
FNV.TO vs. GOOG - Financials Comparison
This section allows you to compare key financial metrics between Franco-Nevada Corporation and Alphabet Inc. 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. GOOG - 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%.
GOOG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alphabet Inc reported a gross profit of 68.63B and revenue of 109.90B. Therefore, the gross margin over that period was 62.5%.
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%.
GOOG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc reported an operating income of 39.70B and revenue of 109.90B, resulting in an operating margin of 36.1%.
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%.
GOOG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc reported a net income of 62.58B and revenue of 109.90B, resulting in a net margin of 56.9%.
Frequently Asked Questions
FNV.TO and GOOG have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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