FNV vs. NEM
FNV (Franco-Nevada Corporation) and NEM (Newmont Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, FNV returned 11.68%/yr vs 10.07%/yr for NEM. Their 0.67 correlation means they have sometimes moved together and sometimes differently.
Performance
FNV vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, FNV achieves a 3.11% return, which is significantly higher than NEM's -5.74% return. Over the past 10 years, FNV has outperformed NEM with an annualized return of 11.68%, while NEM has yielded a comparatively lower 10.07% annualized return.
FNV
- 1D
- -3.81%
- 1M
- -2.14%
- 6M
- -8.81%
- YTD
- 3.11%
- 1Y
- 32.69%
- 3Y*
- 15.42%
- 5Y*
- 6.93%
- 10Y*
- 11.68%
- ALL TIME*
- 16.70%
NEM
- 1D
- -2.14%
- 1M
- -3.43%
- 6M
- -16.23%
- YTD
- -5.74%
- 1Y
- 51.31%
- 3Y*
- 33.89%
- 5Y*
- 11.52%
- 10Y*
- 10.07%
- ALL TIME*
- 4.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $153.15M | $143.97M | $182.98M | |
| $671.95M | $683.19M | $803.32M |
FNV vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNV Franco-Nevada Corporation | 3.11% | 77.81% | 7.41% | -17.96% | -0.39% | 11.57% | 22.31% | 48.92% | -11.00% | 35.45% |
NEM Newmont Corporation | -5.74% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between FNV and NEM is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2007 | 0.67 |
The correlation between FNV and NEM has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.
Fundamentals
FNV:
$41.06B
NEM:
$98.74B
FNV:
$7.10
NEM:
$7.88
FNV:
29.99
NEM:
11.89
FNV:
0.63
NEM:
0.31
FNV:
19.54
NEM:
5.34
FNV:
5.06
NEM:
2.82
FNV:
$2.10B
NEM:
$19.13B
FNV:
$1.61B
NEM:
$10.94B
FNV:
$1.96B
NEM:
$14.81B
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Return for Risk
FNV vs. NEM — Risk / Return Rank
FNV
NEM
FNV vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franco-Nevada Corporation (FNV) and Newmont Corporation (NEM). 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 | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.64 | -0.45 |
| Martin ratioReturn relative to average drawdown | 2.59 | 3.61 | -1.03 |
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Drawdowns
FNV vs. NEM - Drawdown Comparison
The maximum FNV drawdown since its inception was -58.76%, smaller than the maximum NEM drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for FNV and NEM.
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Drawdown Indicators
| FNV | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -81.30% | +22.54% |
Max Drawdown (1Y)Largest decline over 1 year | -29.18% | -32.10% | +2.92% |
Max Drawdown (3Y)Largest decline over 3 years | -29.18% | -36.57% | +7.39% |
Max Drawdown (5Y)Largest decline over 5 years | -37.12% | -62.40% | +25.28% |
Max Drawdown (10Y)Largest decline over 10 years | -37.12% | -62.40% | +25.28% |
Current DrawdownCurrent decline from peak | -23.89% | -28.67% | +4.78% |
Average DrawdownAverage peak-to-trough decline | -14.04% | -41.33% | +27.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.44% | 14.57% | -1.13% |
Volatility
FNV vs. NEM - Volatility Comparison
The current volatility for Franco-Nevada Corporation (FNV) is 10.68%, while Newmont Corporation (NEM) has a volatility of 11.58%. This indicates that FNV experiences smaller price fluctuations and is considered to be less risky than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNV | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.68% | 11.58% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 31.38% | 37.40% | -6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.79% | 47.45% | -9.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.74% | 38.35% | -7.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.25% | 35.74% | -5.49% |
Dividends
FNV vs. NEM - Dividend Comparison
FNV's dividend yield for the trailing twelve months is around 0.77%, less than NEM's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNV Franco-Nevada Corporation | 0.77% | 0.73% | 1.22% | 1.23% | 0.94% | 1.10% | 0.82% | 0.96% | 1.35% | 1.14% | 1.46% | 1.81% |
NEM Newmont Corporation | 1.09% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
FNV vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Franco-Nevada Corporation and Newmont 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
Frequently Asked Questions
FNV and NEM have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEM has higher volatility (11.58%) compared to FNV (10.68%). In terms of maximum drawdown, FNV dropped -58.76% vs NEM's -81.30%.
NEM currently has the higher Sharpe Ratio (1.11 vs 0.92), 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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