FNV vs. GLDM
Compare and contrast key facts about Franco-Nevada Corporation (FNV) and SPDR Gold MiniShares Trust (GLDM).
GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNV or GLDM.
Correlation
The correlation between FNV and GLDM is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FNV vs. GLDM - Performance Comparison
Key characteristics
FNV:
1.54
GLDM:
2.52
FNV:
2.01
GLDM:
3.33
FNV:
1.28
GLDM:
1.43
FNV:
1.44
GLDM:
5.21
FNV:
6.55
GLDM:
14.33
FNV:
6.75%
GLDM:
2.94%
FNV:
28.72%
GLDM:
16.78%
FNV:
-58.76%
GLDM:
-21.63%
FNV:
-1.78%
GLDM:
-3.51%
Returns By Period
In the year-to-date period, FNV achieves a 45.02% return, which is significantly higher than GLDM's 25.87% return.
FNV
45.02%
10.97%
26.11%
41.54%
5.58%
14.13%
GLDM
25.87%
9.47%
20.40%
41.49%
13.71%
N/A
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Risk-Adjusted Performance
FNV vs. GLDM — Risk-Adjusted Performance Rank
FNV
GLDM
FNV vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franco-Nevada Corporation (FNV) and SPDR Gold MiniShares Trust (GLDM). 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.
Dividends
FNV vs. GLDM - Dividend Comparison
FNV's dividend yield for the trailing twelve months is around 0.86%, while GLDM has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNV Franco-Nevada Corporation | 0.86% | 1.22% | 1.23% | 0.94% | 0.84% | 0.82% | 0.72% | 1.35% | 1.14% | 1.46% | 1.81% | 1.59% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FNV vs. GLDM - Drawdown Comparison
The maximum FNV drawdown since its inception was -58.76%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for FNV and GLDM. For additional features, visit the drawdowns tool.
Volatility
FNV vs. GLDM - Volatility Comparison
Franco-Nevada Corporation (FNV) has a higher volatility of 13.67% compared to SPDR Gold MiniShares Trust (GLDM) at 8.21%. This indicates that FNV's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.