FNV vs. GOLD

Last updated Jun 23, 2026

FNV (Franco-Nevada Corporation) and GOLD (Barrick Mining Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. At a 0.48 correlation, their price movements are largely independent.

Performance

FNV vs. GOLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franco-Nevada Corporation (FNV) and Barrick Mining Corporation (GOLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNV achieves a 6.89% return, which is significantly lower than GOLD's 23.83% return.

FNV

• 1D: 0.67%
• 1M: -2.21%
• YTD: 6.89%
• 6M: 3.15%
• 1Y: 34.14%
• 3Y*: 17.80%
• 5Y*: 9.65%
• 10Y*: 13.00%

GOLD

• 1D: -1.04%
• 1M: -3.66%
• YTD: 23.83%
• 6M: 25.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FNV vs. GOLD - Yearly Performance Comparison

	2026 (YTD)	2025
FNV Franco-Nevada Corporation	6.89%	0.26%
GOLD Barrick Mining Corporation	23.83%	13.01%

Correlation

The correlation between FNV and GOLD is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025	0.48

Fundamentals

Market Cap FNV : $42.65B GOLD : $1.11B
EPS FNV : $7.10 GOLD : $3.06
PE Ratio FNV : 31.09 GOLD : 13.65
PS Ratio FNV : 20.26 GOLD : 0.05
PB Ratio FNV : 5.24 GOLD : 1.30
Total Revenue (TTM) FNV : $2.10B GOLD : $23.02B
Gross Profit (TTM) FNV : $1.61B GOLD : $169.58M
EBITDA (TTM) FNV : $1.96B GOLD : -$162.41M

Return for Risk

FNV vs. GOLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNV

FNV Risk / Return Rank: 67
FNV Sharpe Ratio Rank: 71
FNV Sortino Ratio Rank: 63
FNV Omega Ratio Rank: 65
FNV Calmar Ratio Rank: 67
FNV Martin Ratio Rank: 69

GOLD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FNV vs. GOLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franco-Nevada Corporation (FNV) and Barrick Mining Corporation (GOLD). 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	GOLD	Difference
Sharpe ratio: Return per unit of total volatility	0.94	—	—
Sortino ratio: Return per unit of downside risk	1.35	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.34	—	—
Martin ratio: Return relative to average drawdown	3.24	—	—

Drawdowns

FNV vs. GOLD - Drawdown Comparison

The maximum FNV drawdown since its inception was -58.76%, which is greater than GOLD's maximum drawdown of -40.58%. Use the drawdown chart below to compare losses from any high point for FNV and GOLD.

Drawdown Indicators

	FNV	GOLD	Difference
Max Drawdown Largest peak-to-trough decline	-58.76%	-40.58%	-18.18%
Max Drawdown (1Y) Largest decline over 1 year	-25.68%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.12%	—	—
Current Drawdown Current decline from peak	-21.10%	-34.26%	+13.16%
Average Drawdown Average peak-to-trough decline	-13.98%	-18.57%	+4.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.57%	—	—

Volatility

Volatility by Period

	FNV	GOLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	36.71%	57.69%	-20.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.52%	57.69%	-27.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.27%	57.69%	-27.42%

Dividends

FNV vs. GOLD - Dividend Comparison

FNV's dividend yield for the trailing twelve months is around 0.74%, less than GOLD's 0.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
GOLD Barrick Mining Corporation	0.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

FNV vs. GOLD - Profitability Comparison

The chart below illustrates the profitability comparison between Franco-Nevada Corporation and Barrick Mining Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

GOLD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Barrick Mining Corporation reported a gross profit of 176.58M and revenue of 10.35B. Therefore, the gross margin over that period was 1.7%.

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%.

GOLD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Barrick Mining Corporation reported an operating income of 106.13M and revenue of 10.35B, resulting in an operating margin of 1.0%.

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%.

GOLD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Barrick Mining Corporation reported a net income of 59.49M and revenue of 10.35B, resulting in a net margin of 0.6%.

Frequently Asked Questions

Can I hold both FNV and GOLD in my portfolio?

FNV and GOLD have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.