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.
Key characteristics
| FNV | GLDM | |
|---|---|---|
| YTD Return | 3.15% | 24.66% |
| 1Y Return | -5.43% | 30.90% |
| 3Y Return (Ann) | -7.89% | 11.24% |
| 5Y Return (Ann) | 3.73% | 11.79% |
| Sharpe Ratio | -0.10 | 2.19 |
| Sortino Ratio | 0.05 | 2.91 |
| Omega Ratio | 1.01 | 1.38 |
| Calmar Ratio | -0.07 | 4.19 |
| Martin Ratio | -0.39 | 13.90 |
| Ulcer Index | 7.02% | 2.31% |
| Daily Std Dev | 27.47% | 14.66% |
| Max Drawdown | -58.76% | -21.63% |
| Current Drawdown | -30.76% | -7.66% |
Correlation
The correlation between FNV and GLDM is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FNV vs. GLDM - Performance Comparison
In the year-to-date period, FNV achieves a 3.15% return, which is significantly lower than GLDM's 24.66% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
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 1.25%, while GLDM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNV Franco-Nevada Corporation | 1.25% | 1.23% | 0.94% | 0.84% | 0.82% | 0.72% | 1.35% | 1.14% | 1.46% | 1.81% | 1.59% | 1.77% |
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 9.43% compared to SPDR Gold MiniShares Trust (GLDM) at 5.45%. 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.