FNV vs. BRO
FNV (Franco-Nevada Corporation) and BRO (Brown & Brown, Inc.) are both stocks. FNV operates in Gold (Basic Materials), while BRO operates in Insurance Brokers (Financial Services). Over the past 10 years, FNV returned 12.94%/yr vs 13.27%/yr for BRO. At a 0.09 correlation, their price movements are largely independent.
Performance
FNV vs. BRO - Performance Comparison
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Returns By Period
In the year-to-date period, FNV achieves a 3.78% return, which is significantly higher than BRO's -26.85% return. Both investments have delivered pretty close results over the past 10 years, with FNV having a 12.94% annualized return and BRO not far ahead at 13.27%.
FNV
- 1D
- -1.82%
- 1M
- -7.48%
- YTD
- 3.78%
- 6M
- 7.92%
- 1Y
- 29.43%
- 3Y*
- 14.93%
- 5Y*
- 7.95%
- 10Y*
- 12.94%
BRO
- 1D
- -1.46%
- 1M
- 3.05%
- YTD
- -26.85%
- 6M
- -24.91%
- 1Y
- -47.08%
- 3Y*
- -2.56%
- 5Y*
- 3.04%
- 10Y*
- 13.27%
FNV vs. BRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNV Franco-Nevada Corporation | 3.78% | 77.81% | 7.41% | -17.96% | -0.39% | 11.57% | 22.31% | 48.92% | -11.00% | 35.45% |
BRO Brown & Brown, Inc. | -26.85% | -21.37% | 44.32% | 25.73% | -18.39% | 49.31% | 21.06% | 44.67% | 8.30% | 16.15% |
Correlation
The correlation between FNV and BRO is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2007 | 0.09 |
The correlation between FNV and BRO shifts across timeframes, from -0.08 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
FNV:
$7.10
BRO:
$4.76
FNV:
30.25
BRO:
12.18
FNV:
0.63
BRO:
0.89
FNV:
19.71
BRO:
2.18
FNV:
$2.10B
BRO:
$6.43B
FNV:
$1.61B
BRO:
$3.82B
FNV:
$1.96B
BRO:
$1.51B
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Return for Risk
FNV vs. BRO — Risk / Return Rank
FNV
BRO
FNV vs. BRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franco-Nevada Corporation (FNV) and Brown & Brown, Inc. (BRO). 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 | BRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.48 | ||
| Sortino ratioReturn per unit of downside risk | +3.69 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.69 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | -0.93 | +2.20 |
| Martin ratioReturn relative to average drawdown | 3.00 | -1.59 | +4.59 |
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 | BRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | -1.66 | +2.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.12 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.56 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.50 | -0.05 |
Drawdowns
FNV vs. BRO - Drawdown Comparison
The maximum FNV drawdown since its inception was -58.76%, which is greater than BRO's maximum drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for FNV and BRO.
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Drawdown Indicators
| FNV | BRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -55.85% | -2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -23.40% | -50.55% | +27.15% |
Max Drawdown (3Y)Largest decline over 3 years | -29.64% | -55.85% | +26.21% |
Max Drawdown (5Y)Largest decline over 5 years | -37.12% | -55.85% | +18.73% |
Max Drawdown (10Y)Largest decline over 10 years | -37.12% | -55.85% | +18.73% |
Current DrawdownCurrent decline from peak | -23.40% | -52.91% | +29.51% |
Average DrawdownAverage peak-to-trough decline | -13.96% | -13.52% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.83% | 29.57% | -19.74% |
Volatility
FNV vs. BRO - Volatility Comparison
Franco-Nevada Corporation (FNV) has a higher volatility of 12.49% compared to Brown & Brown, Inc. (BRO) at 9.52%. This indicates that FNV's price experiences larger fluctuations and is considered to be riskier than BRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNV | BRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.49% | 9.52% | +2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 30.10% | 21.90% | +8.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.00% | 28.53% | +7.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.35% | 24.81% | +5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.18% | 23.69% | +6.49% |
Dividends
FNV vs. BRO - Dividend Comparison
FNV's dividend yield for the trailing twelve months is around 0.74%, less than BRO's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRO Brown & Brown, Inc. | 1.11% | 0.77% | 0.53% | 0.67% | 0.74% | 0.54% | 0.73% | 0.82% | 1.11% | 1.08% | 1.12% | 1.41% |
FNV Franco-Nevada Corporation | 0.74% | 0.73% | 1.22% | 1.23% | 0.94% | 1.10% | 0.82% | 0.96% | 1.35% | 1.14% | 1.46% | 1.81% |
Financials
FNV vs. BRO - Financials Comparison
This section allows you to compare key financial metrics between Franco-Nevada Corporation and Brown & Brown, 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 vs. BRO - Profitability Comparison
FNV - 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 518.42M and revenue of 641.09M. Therefore, the gross margin over that period was 80.9%.
BRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported a gross profit of 994.00M and revenue of 1.90B. Therefore, the gross margin over that period was 52.3%.
FNV - 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 503.23M and revenue of 641.09M, resulting in an operating margin of 78.5%.
BRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported an operating income of 0.00 and revenue of 1.90B, resulting in an operating margin of 0.0%.
FNV - 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 462.11M and revenue of 641.09M, resulting in a net margin of 72.1%.
BRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported a net income of 426.00M and revenue of 1.90B, resulting in a net margin of 22.4%.
Frequently Asked Questions
FNV and BRO have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNV has higher volatility (12.49%) compared to BRO (9.52%). In terms of maximum drawdown, FNV dropped -58.76% vs BRO's -55.85%.
FNV currently has the higher Sharpe Ratio (0.82 vs -1.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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