FNV vs. RIO
FNV (Franco-Nevada Corporation) and RIO (Rio Tinto Group) are both stocks. Both are in the Basic Materials sector — FNV in Gold, RIO in Other Industrial Metals & Mining. Over the past 10 years, FNV returned 12.96%/yr vs 22.54%/yr for RIO. At a 0.32 correlation, their price movements are largely independent.
Performance
FNV vs. RIO - 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 RIO's 35.32% return. Over the past 10 years, FNV has underperformed RIO with an annualized return of 12.96%, while RIO has yielded a comparatively higher 22.54% 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%
RIO
- 1D
- 1.65%
- 1M
- -5.97%
- YTD
- 35.32%
- 6M
- 43.14%
- 1Y
- 89.03%
- 3Y*
- 24.54%
- 5Y*
- 11.74%
- 10Y*
- 22.54%
FNV vs. RIO - 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% |
RIO Rio Tinto Group | 35.32% | 44.47% | -15.36% | 11.06% | 18.48% | -3.67% | 36.22% | 33.18% | -2.93% | 44.87% |
Correlation
The correlation between FNV and RIO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2007 | 0.32 |
The correlation between FNV and RIO shifts across timeframes, from 0.30 (10 years) to 0.46 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FNV:
$40.47B
RIO:
$172.61B
FNV:
$7.10
RIO:
$13.11
FNV:
29.51
RIO:
8.03
FNV:
19.22
RIO:
1.55
FNV:
4.98
RIO:
2.77
FNV:
$2.10B
RIO:
$111.41B
FNV:
$1.61B
RIO:
$31.10B
FNV:
$1.96B
RIO:
$40.42B
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Return for Risk
FNV vs. RIO — Risk / Return Rank
FNV
RIO
FNV vs. RIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franco-Nevada Corporation (FNV) and Rio Tinto Group (RIO). 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 | RIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.46 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 5.89 | -4.89 |
| Martin ratioReturn relative to average drawdown | 2.50 | 21.91 | -19.41 |
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Drawdowns
FNV vs. RIO - Drawdown Comparison
The maximum FNV drawdown since its inception was -58.76%, smaller than the maximum RIO drawdown of -88.97%. Use the drawdown chart below to compare losses from any high point for FNV and RIO.
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Drawdown Indicators
| FNV | RIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -88.97% | +30.21% |
Max Drawdown (1Y)Largest decline over 1 year | -25.68% | -15.19% | -10.49% |
Max Drawdown (3Y)Largest decline over 3 years | -29.64% | -24.19% | -5.45% |
Max Drawdown (5Y)Largest decline over 5 years | -37.12% | -35.25% | -1.87% |
Max Drawdown (10Y)Largest decline over 10 years | -37.12% | -37.47% | +0.35% |
Current DrawdownCurrent decline from peak | -25.13% | -5.97% | -19.16% |
Average DrawdownAverage peak-to-trough decline | -13.97% | -23.76% | +9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.33% | 4.09% | +6.24% |
Volatility
FNV vs. RIO - Volatility Comparison
Franco-Nevada Corporation (FNV) and Rio Tinto Group (RIO) have volatilities of 11.92% and 11.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNV | RIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.92% | 11.81% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 29.98% | 24.27% | +5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.97% | 29.32% | +6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.32% | 29.30% | +1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.17% | 30.65% | -0.48% |
Dividends
FNV vs. RIO - Dividend Comparison
FNV's dividend yield for the trailing twelve months is around 0.78%, less than RIO's 3.82% 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% |
RIO Rio Tinto Group | 3.82% | 4.66% | 7.40% | 5.40% | 10.48% | 10.23% | 5.13% | 7.68% | 6.32% | 4.47% | 3.93% | 7.58% |
Financials
FNV vs. RIO - Financials Comparison
This section allows you to compare key financial metrics between Franco-Nevada Corporation and Rio Tinto Group. 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. RIO - 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%.
RIO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported a gross profit of 8.15B and revenue of 30.65B. Therefore, the gross margin over that period was 26.6%.
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%.
RIO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported an operating income of 8.15B and revenue of 30.65B, resulting in an operating margin of 26.6%.
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%.
RIO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported a net income of 5.42B and revenue of 30.65B, resulting in a net margin of 17.7%.
Frequently Asked Questions
FNV and RIO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNV has higher volatility (11.92%) compared to RIO (11.81%). In terms of maximum drawdown, FNV dropped -58.76% vs RIO's -88.97%.
RIO currently has the higher Sharpe Ratio (3.05 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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