FNV vs. KLAC
FNV (Franco-Nevada Corporation) and KLAC (KLA Corporation) are both stocks. FNV operates in Gold (Basic Materials), while KLAC operates in Semiconductor Equipment & Materials (Technology). Over the past 10 years, FNV returned 12.96%/yr vs 45.08%/yr for KLAC. At a 0.13 correlation, their price movements are largely independent.
Performance
FNV vs. KLAC - Performance Comparison
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Returns By Period
In the year-to-date period, FNV achieves a 1.43% return, which is significantly lower than KLAC's 110.02% return. Over the past 10 years, FNV has underperformed KLAC with an annualized return of 12.96%, while KLAC has yielded a comparatively higher 45.08% 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%
KLAC
- 1D
- 5.55%
- 1M
- 37.79%
- YTD
- 110.02%
- 6M
- 113.75%
- 1Y
- 192.78%
- 3Y*
- 75.88%
- 5Y*
- 52.93%
- 10Y*
- 45.08%
FNV vs. KLAC - 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% |
KLAC KLA Corporation | 110.02% | 94.48% | 9.36% | 56.05% | -11.20% | 68.05% | 47.94% | 103.99% | -12.49% | 36.80% |
Correlation
The correlation between FNV and KLAC is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2007 | 0.13 |
Fundamentals
FNV:
$40.47B
KLAC:
$33.62B
FNV:
$7.10
KLAC:
$35.29
FNV:
29.51
KLAC:
7.21
FNV:
0.62
KLAC:
0.27
FNV:
19.22
KLAC:
2.57
FNV:
4.98
KLAC:
5.77
FNV:
$2.10B
KLAC:
$13.10B
FNV:
$1.61B
KLAC:
$8.09B
FNV:
$1.96B
KLAC:
$5.77B
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Return for Risk
FNV vs. KLAC — Risk / Return Rank
FNV
KLAC
FNV vs. KLAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franco-Nevada Corporation (FNV) and KLA Corporation (KLAC). 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 | KLAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.54 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 8.66 | -7.65 |
| Martin ratioReturn relative to average drawdown | 2.50 | 27.54 | -25.03 |
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Drawdowns
FNV vs. KLAC - Drawdown Comparison
The maximum FNV drawdown since its inception was -58.76%, smaller than the maximum KLAC drawdown of -83.74%. Use the drawdown chart below to compare losses from any high point for FNV and KLAC.
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Drawdown Indicators
| FNV | KLAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -83.74% | +24.98% |
Max Drawdown (1Y)Largest decline over 1 year | -25.68% | -22.41% | -3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -29.64% | -34.95% | +5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -37.12% | -40.28% | +3.16% |
Max Drawdown (10Y)Largest decline over 10 years | -37.12% | -40.28% | +3.16% |
Current DrawdownCurrent decline from peak | -25.13% | 0.00% | -25.13% |
Average DrawdownAverage peak-to-trough decline | -13.97% | -29.32% | +15.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.33% | 7.03% | +3.30% |
Volatility
FNV vs. KLAC - Volatility Comparison
The current volatility for Franco-Nevada Corporation (FNV) is 11.92%, while KLA Corporation (KLAC) has a volatility of 22.17%. This indicates that FNV experiences smaller price fluctuations and is considered to be less risky than KLAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNV | KLAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.92% | 22.17% | -10.25% |
Volatility (6M)Calculated over the trailing 6-month period | 29.98% | 42.02% | -12.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.97% | 49.38% | -13.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.32% | 43.88% | -13.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.17% | 41.86% | -11.69% |
Dividends
FNV vs. KLAC - Dividend Comparison
FNV's dividend yield for the trailing twelve months is around 0.78%, more than KLAC's 0.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
KLAC KLA Corporation | 0.31% | 0.61% | 0.96% | 0.92% | 1.25% | 0.91% | 1.35% | 1.74% | 3.17% | 2.15% | 2.67% | 2.94% |
Financials
FNV vs. KLAC - Financials Comparison
This section allows you to compare key financial metrics between Franco-Nevada Corporation and KLA Corporation. 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. KLAC - 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%.
KLAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, KLA Corporation reported a gross profit of 2.09B and revenue of 3.42B. Therefore, the gross margin over that period was 61.1%.
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%.
KLAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, KLA Corporation reported an operating income of 1.41B and revenue of 3.42B, resulting in an operating margin of 41.2%.
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%.
KLAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, KLA Corporation reported a net income of 1.20B and revenue of 3.42B, resulting in a net margin of 35.2%.
Frequently Asked Questions
FNV and KLAC have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KLAC has higher volatility (22.17%) compared to FNV (11.92%). In terms of maximum drawdown, FNV dropped -58.76% vs KLAC's -83.74%.
KLAC currently has the higher Sharpe Ratio (3.93 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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