FNV vs. DXJ
FNV (Franco-Nevada Corporation) is a stock, while DXJ (WisdomTree Japan Hedged Equity Fund) is Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Over the past 10 years, FNV returned 12.94%/yr vs 18.23%/yr for DXJ. At a 0.09 correlation, their price movements are largely independent.
Performance
FNV vs. DXJ - Performance Comparison
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Returns By Period
In the year-to-date period, FNV achieves a 3.78% return, which is significantly lower than DXJ's 17.86% return. Over the past 10 years, FNV has underperformed DXJ with an annualized return of 12.94%, while DXJ has yielded a comparatively higher 18.23% 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%
DXJ
- 1D
- 0.39%
- 1M
- 2.00%
- YTD
- 17.86%
- 6M
- 21.01%
- 1Y
- 51.36%
- 3Y*
- 31.77%
- 5Y*
- 25.93%
- 10Y*
- 18.23%
FNV vs. DXJ - 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% |
DXJ WisdomTree Japan Hedged Equity Fund | 17.86% | 32.78% | 29.83% | 42.04% | 5.96% | 17.99% | 3.94% | 18.94% | -19.78% | 22.81% |
Correlation
The correlation between FNV and DXJ is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2007 | 0.09 |
Over the past year, FNV and DXJ have become more correlated (0.33) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
FNV vs. DXJ — Risk / Return Rank
FNV
DXJ
FNV vs. DXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franco-Nevada Corporation (FNV) and WisdomTree Japan Hedged Equity Fund (DXJ). 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 | DXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.12 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.53 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 4.70 | -3.44 |
| Martin ratioReturn relative to average drawdown | 3.00 | 18.34 | -15.34 |
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 | DXJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 2.94 | -2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 1.37 | -1.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.91 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.42 | +0.03 |
Drawdowns
FNV vs. DXJ - Drawdown Comparison
The maximum FNV drawdown since its inception was -58.76%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for FNV and DXJ.
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Drawdown Indicators
| FNV | DXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -49.63% | -9.13% |
Max Drawdown (1Y)Largest decline over 1 year | -23.40% | -10.98% | -12.42% |
Max Drawdown (3Y)Largest decline over 3 years | -29.64% | -22.19% | -7.45% |
Max Drawdown (5Y)Largest decline over 5 years | -37.12% | -22.19% | -14.93% |
Max Drawdown (10Y)Largest decline over 10 years | -37.12% | -39.14% | +2.02% |
Current DrawdownCurrent decline from peak | -23.40% | -2.06% | -21.34% |
Average DrawdownAverage peak-to-trough decline | -13.96% | -14.33% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.83% | 2.81% | +7.02% |
Volatility
FNV vs. DXJ - Volatility Comparison
Franco-Nevada Corporation (FNV) has a higher volatility of 12.49% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 4.19%. This indicates that FNV's price experiences larger fluctuations and is considered to be riskier than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNV | DXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.49% | 4.19% | +8.30% |
Volatility (6M)Calculated over the trailing 6-month period | 30.10% | 13.33% | +16.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.00% | 17.58% | +18.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.35% | 19.00% | +11.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.18% | 20.19% | +9.99% |
Dividends
FNV vs. DXJ - Dividend Comparison
FNV's dividend yield for the trailing twelve months is around 0.74%, less than DXJ's 1.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 1.10% | 1.29% | 3.48% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% |
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% |
Frequently Asked Questions
FNV and DXJ have a correlation of 0.33, 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 DXJ (4.19%). In terms of maximum drawdown, FNV dropped -58.76% vs DXJ's -49.63%.
DXJ currently has the higher Sharpe Ratio (2.94 vs 0.82), 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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