FNV vs. TDTT
FNV (Franco-Nevada Corporation) is a stock, while TDTT (FlexShares iBoxx 3-Year Target Duration TIPS Index Fund) is Inflation-Protected Bonds fund tracking the iBoxx 3-Year Target Duration TIPS. Over the past 10 years, FNV returned 13.89%/yr vs 3.11%/yr for TDTT. At a 0.24 correlation, their price movements are largely independent.
Performance
FNV vs. TDTT - Performance Comparison
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Returns By Period
In the year-to-date period, FNV achieves a 10.72% return, which is significantly higher than TDTT's 1.81% return. Over the past 10 years, FNV has outperformed TDTT with an annualized return of 13.89%, while TDTT has yielded a comparatively lower 3.11% annualized return.
FNV
- 1D
- -2.88%
- 1M
- 2.31%
- YTD
- 10.72%
- 6M
- 13.36%
- 1Y
- 30.92%
- 3Y*
- 16.99%
- 5Y*
- 9.63%
- 10Y*
- 13.89%
TDTT
- 1D
- 0.00%
- 1M
- -0.06%
- YTD
- 1.81%
- 6M
- 1.77%
- 1Y
- 4.65%
- 3Y*
- 5.00%
- 5Y*
- 2.85%
- 10Y*
- 3.11%
FNV vs. TDTT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNV Franco-Nevada Corporation | 10.72% | 77.81% | 7.41% | -17.96% | -0.39% | 11.57% | 22.31% | 48.92% | -11.00% | 35.45% |
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 1.81% | 6.67% | 3.96% | 4.40% | -4.58% | 5.49% | 6.84% | 5.74% | 0.25% | 0.43% |
Correlation
The correlation between FNV and TDTT is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2011 | 0.24 |
The correlation between FNV and TDTT shifts across timeframes, from 0.10 (1 year) to 0.26 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FNV vs. TDTT — Risk / Return Rank
FNV
TDTT
FNV vs. TDTT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franco-Nevada Corporation (FNV) and FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT). 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.
| FNV | TDTT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.51 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 5.17 | -3.67 |
| Martin ratioReturn relative to average drawdown | 3.14 | 16.59 | -13.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNV | TDTT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 2.54 | -1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.78 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.92 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.69 | -0.23 |
Drawdowns
FNV vs. TDTT - Drawdown Comparison
The maximum FNV drawdown since its inception was -58.76%, which is greater than TDTT's maximum drawdown of -6.97%. Use the drawdown chart below to compare losses from any high point for FNV and TDTT.
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Drawdown Indicators
| FNV | TDTT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -6.97% | -51.79% |
Max Drawdown (1Y)Largest decline over 1 year | -20.62% | -0.90% | -19.72% |
Max Drawdown (3Y)Largest decline over 3 years | -29.64% | -1.53% | -28.11% |
Max Drawdown (5Y)Largest decline over 5 years | -37.12% | -6.97% | -30.15% |
Max Drawdown (10Y)Largest decline over 10 years | -37.12% | -6.97% | -30.15% |
Current DrawdownCurrent decline from peak | -18.28% | -0.14% | -18.14% |
Average DrawdownAverage peak-to-trough decline | -13.96% | -1.60% | -12.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.87% | 0.28% | +9.59% |
Volatility
FNV vs. TDTT - Volatility Comparison
Franco-Nevada Corporation (FNV) has a higher volatility of 10.52% compared to FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) at 0.46%. This indicates that FNV's price experiences larger fluctuations and is considered to be riskier than TDTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNV | TDTT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.52% | 0.46% | +10.06% |
Volatility (6M)Calculated over the trailing 6-month period | 28.96% | 1.21% | +27.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.24% | 1.85% | +33.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.15% | 3.67% | +26.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.07% | 3.38% | +26.69% |
Dividends
FNV vs. TDTT - Dividend Comparison
FNV's dividend yield for the trailing twelve months is around 0.69%, less than TDTT's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNV Franco-Nevada Corporation | 0.69% | 0.73% | 1.22% | 1.23% | 0.94% | 1.10% | 0.82% | 0.96% | 1.35% | 1.14% | 1.46% | 1.81% |
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 4.54% | 4.52% | 4.01% | 3.88% | 6.97% | 4.53% | 1.15% | 1.91% | 2.48% | 1.88% | 1.01% | 0.00% |
Frequently Asked Questions
FNV and TDTT have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNV has higher volatility (10.52%) compared to TDTT (0.46%). In terms of maximum drawdown, FNV dropped -58.76% vs TDTT's -6.97%.
TDTT currently has the higher Sharpe Ratio (2.54 vs 0.88), 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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