FNV vs. DRD
FNV (Franco-Nevada Corporation) and DRD (DRDGOLD Limited) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, FNV returned 12.96%/yr vs 20.74%/yr for DRD. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
FNV vs. DRD - Performance Comparison
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Returns By Period
In the year-to-date period, FNV achieves a 1.43% return, which is significantly higher than DRD's -23.58% return. Over the past 10 years, FNV has underperformed DRD with an annualized return of 12.96%, while DRD has yielded a comparatively higher 20.74% annualized return.
FNV
- 1D
- 0.75%
- 1M
- -12.83%
- YTD
- 1.43%
- 6M
- -2.28%
- 1Y
- 25.80%
- 3Y*
- 14.28%
- 5Y*
- 7.76%
- 10Y*
- 12.96%
DRD
- 1D
- 2.27%
- 1M
- -20.60%
- YTD
- -23.58%
- 6M
- -24.53%
- 1Y
- 67.15%
- 3Y*
- 29.82%
- 5Y*
- 17.87%
- 10Y*
- 20.74%
FNV vs. DRD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNV Franco-Nevada Corporation | 1.43% | 77.81% | 7.41% | -17.96% | -0.39% | 11.57% | 22.31% | 48.92% | -11.00% | 35.45% |
DRD DRDGOLD Limited | -23.58% | 267.16% | 11.55% | 13.26% | -7.63% | -23.16% | 141.46% | 153.56% | -35.27% | -37.77% |
Correlation
The correlation between FNV and DRD is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2007 | 0.54 |
The correlation between FNV and DRD shifts across timeframes, from 0.54 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FNV:
$40.47B
DRD:
$201.84M
FNV:
$7.10
DRD:
ZAR 100.99
FNV:
29.51
DRD:
0.23
FNV:
0.62
DRD:
0.01
FNV:
19.22
DRD:
0.07
FNV:
4.98
DRD:
0.02
FNV:
$2.10B
DRD:
ZAR 15.96B
FNV:
$1.61B
DRD:
ZAR 6.44B
FNV:
$1.96B
DRD:
ZAR 7.17B
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Return for Risk
FNV vs. DRD — Risk / Return Rank
FNV
DRD
FNV vs. DRD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franco-Nevada Corporation (FNV) and DRDGOLD Limited (DRD). 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 | DRD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 1.55 | -0.54 |
| Martin ratioReturn relative to average drawdown | 2.50 | 4.06 | -1.56 |
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Drawdowns
FNV vs. DRD - Drawdown Comparison
The maximum FNV drawdown since its inception was -58.76%, smaller than the maximum DRD drawdown of -98.44%. Use the drawdown chart below to compare losses from any high point for FNV and DRD.
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Drawdown Indicators
| FNV | DRD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -98.44% | +39.68% |
Max Drawdown (1Y)Largest decline over 1 year | -25.68% | -43.51% | +17.83% |
Max Drawdown (3Y)Largest decline over 3 years | -29.64% | -45.13% | +15.49% |
Max Drawdown (5Y)Largest decline over 5 years | -37.12% | -57.22% | +20.10% |
Max Drawdown (10Y)Largest decline over 10 years | -37.12% | -80.31% | +43.19% |
Current DrawdownCurrent decline from peak | -25.13% | -48.48% | +23.35% |
Average DrawdownAverage peak-to-trough decline | -13.97% | -81.86% | +67.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.33% | 16.59% | -6.26% |
Volatility
FNV vs. DRD - Volatility Comparison
The current volatility for Franco-Nevada Corporation (FNV) is 11.92%, while DRDGOLD Limited (DRD) has a volatility of 17.37%. This indicates that FNV experiences smaller price fluctuations and is considered to be less risky than DRD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNV | DRD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.92% | 17.37% | -5.45% |
Volatility (6M)Calculated over the trailing 6-month period | 29.98% | 43.75% | -13.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.97% | 58.02% | -22.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.32% | 51.50% | -21.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.17% | 58.03% | -27.86% |
Dividends
FNV vs. DRD - Dividend Comparison
FNV's dividend yield for the trailing twelve months is around 0.78%, less than DRD's 2.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRD DRDGOLD Limited | 2.30% | 1.26% | 2.53% | 5.74% | 5.00% | 6.54% | 4.47% | 2.65% | 2.05% | 1.12% | 6.15% | 3.73% |
FNV Franco-Nevada Corporation | 0.78% | 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. DRD - Financials Comparison
This section allows you to compare key financial metrics between Franco-Nevada Corporation and DRDGOLD Limited. 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. DRD - 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%.
DRD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DRDGOLD Limited reported a gross profit of 2.32B and revenue of 4.81B. Therefore, the gross margin over that period was 48.2%.
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%.
DRD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DRDGOLD Limited reported an operating income of 2.20B and revenue of 4.81B, resulting in an operating margin of 45.8%.
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%.
DRD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DRDGOLD Limited reported a net income of 1.84B and revenue of 4.81B, resulting in a net margin of 38.2%.
Frequently Asked Questions
FNV and DRD have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRD has higher volatility (17.37%) compared to FNV (11.92%). In terms of maximum drawdown, FNV dropped -58.76% vs DRD's -98.44%.
DRD currently has the higher Sharpe Ratio (1.16 vs 0.72), 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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