FNV vs. CALM
FNV (Franco-Nevada Corporation) and CALM (Cal-Maine Foods, Inc.) are both stocks. FNV operates in Gold (Basic Materials), while CALM operates in Farm Products (Consumer Defensive). Over the past 10 years, FNV returned 12.94%/yr vs 9.13%/yr for CALM. At a 0.08 correlation, their price movements are largely independent.
Performance
FNV vs. CALM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FNV achieves a 3.78% return, which is significantly higher than CALM's -2.78% return. Over the past 10 years, FNV has outperformed CALM with an annualized return of 12.94%, while CALM has yielded a comparatively lower 9.13% annualized return.
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%
CALM
- 1D
- 0.91%
- 1M
- 0.33%
- YTD
- -2.78%
- 6M
- -9.32%
- 1Y
- -18.13%
- 3Y*
- 21.90%
- 5Y*
- 21.90%
- 10Y*
- 9.13%
FNV vs. CALM - 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% |
CALM Cal-Maine Foods, Inc. | -2.78% | -15.61% | 87.00% | 14.48% | 51.87% | -1.38% | -12.19% | 2.09% | -3.90% | 0.62% |
Correlation
The correlation between FNV and CALM is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2007 | 0.08 |
The correlation between FNV and CALM shifts across timeframes, from -0.02 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
Fundamentals
FNV:
$41.49B
CALM:
$3.62B
FNV:
$7.10
CALM:
$14.48
FNV:
30.25
CALM:
5.27
FNV:
0.63
CALM:
0.00
FNV:
19.71
CALM:
1.06
FNV:
5.10
CALM:
1.34
FNV:
$2.10B
CALM:
$3.46B
FNV:
$1.61B
CALM:
$1.17B
FNV:
$1.96B
CALM:
$1.05B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FNV vs. CALM — Risk / Return Rank
FNV
CALM
FNV vs. CALM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franco-Nevada Corporation (FNV) and Cal-Maine Foods, Inc. (CALM). 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 | CALM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.92 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | -0.49 | +1.76 |
| Martin ratioReturn relative to average drawdown | 3.00 | -0.77 | +3.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FNV | CALM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | -0.55 | +1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.68 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.29 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.38 | +0.07 |
Drawdowns
FNV vs. CALM - Drawdown Comparison
The maximum FNV drawdown since its inception was -58.76%, smaller than the maximum CALM drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for FNV and CALM.
Loading charts...
Drawdown Indicators
| FNV | CALM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -74.08% | +15.32% |
Max Drawdown (1Y)Largest decline over 1 year | -23.40% | -37.00% | +13.60% |
Max Drawdown (3Y)Largest decline over 3 years | -29.64% | -37.00% | +7.36% |
Max Drawdown (5Y)Largest decline over 5 years | -37.12% | -37.00% | -0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -37.12% | -39.12% | +2.00% |
Current DrawdownCurrent decline from peak | -23.40% | -32.72% | +9.32% |
Average DrawdownAverage peak-to-trough decline | -13.96% | -30.31% | +16.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.83% | 23.64% | -13.81% |
Volatility
FNV vs. CALM - Volatility Comparison
Franco-Nevada Corporation (FNV) has a higher volatility of 12.49% compared to Cal-Maine Foods, Inc. (CALM) at 7.03%. This indicates that FNV's price experiences larger fluctuations and is considered to be riskier than CALM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FNV | CALM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.49% | 7.03% | +5.46% |
Volatility (6M)Calculated over the trailing 6-month period | 30.10% | 20.18% | +9.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.00% | 33.13% | +2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.35% | 32.59% | -2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.18% | 31.16% | -0.98% |
Dividends
FNV vs. CALM - Dividend Comparison
FNV's dividend yield for the trailing twelve months is around 0.74%, less than CALM's 6.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CALM Cal-Maine Foods, Inc. | 6.29% | 10.90% | 2.82% | 7.51% | 3.17% | 0.09% | 0.00% | 0.98% | 1.03% | 0.00% | 2.70% | 4.10% |
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. CALM - Financials Comparison
This section allows you to compare key financial metrics between Franco-Nevada Corporation and Cal-Maine Foods, 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. CALM - 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%.
CALM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported a gross profit of 119.28M and revenue of 666.95M. Therefore, the gross margin over that period was 17.9%.
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%.
CALM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported an operating income of 35.98M and revenue of 666.95M, resulting in an operating margin of 5.4%.
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%.
CALM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported a net income of 50.46M and revenue of 666.95M, resulting in a net margin of 7.6%.
Frequently Asked Questions
FNV and CALM have a correlation of -0.02, 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 CALM (7.03%). In terms of maximum drawdown, FNV dropped -58.76% vs CALM's -74.08%.
FNV currently has the higher Sharpe Ratio (0.82 vs -0.55), 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.
Find the right allocation for FNV and CALM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer