FRES.L vs. GNG.AX
FRES.L (Fresnillo plc) and GNG.AX (GR Engineering Services Limited) are both stocks. FRES.L operates in Other Precious Metals & Mining (Basic Materials), while GNG.AX operates in Engineering & Construction (Industrials). Over the past 10 years, FRES.L returned 12.24%/yr vs 28.03%/yr for GNG.AX. At a 0.08 correlation, their price movements are largely independent.
Performance
FRES.L vs. GNG.AX - Performance Comparison
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Different Trading Currencies
FRES.L is traded in GBp, while GNG.AX is traded in AUD. To make them comparable, the GNG.AX values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FRES.L achieves a -7.34% return, which is significantly lower than GNG.AX's 39.09% return. Over the past 10 years, FRES.L has underperformed GNG.AX with an annualized return of 12.24%, while GNG.AX has yielded a comparatively higher 28.03% annualized return.
FRES.L
- 1D
- 1.21%
- 1M
- -15.40%
- YTD
- -7.34%
- 6M
- 14.76%
- 1Y
- 132.30%
- 3Y*
- 70.02%
- 5Y*
- 32.58%
- 10Y*
- 12.24%
GNG.AX
- 1D
- 0.00%
- 1M
- 22.76%
- YTD
- 39.09%
- 6M
- 44.05%
- 1Y
- 134.66%
- 3Y*
- 49.81%
- 5Y*
- 40.67%
- 10Y*
- 28.03%
FRES.L vs. GNG.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRES.L Fresnillo plc | -7.34% | 468.21% | 6.13% | -32.98% | 3.90% | -18.79% | 78.92% | -24.01% | -38.26% | 18.98% |
GNG.AX GR Engineering Services Limited | 39.09% | 91.74% | 12.85% | 12.43% | 10.88% | 76.60% | 72.52% | -23.95% | -23.35% | 8.28% |
Correlation
The correlation between FRES.L and GNG.AX is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2011 | 0.08 |
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Return for Risk
FRES.L vs. GNG.AX — Risk / Return Rank
FRES.L
GNG.AX
FRES.L vs. GNG.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fresnillo plc (FRES.L) and GR Engineering Services Limited (GNG.AX). 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.
| FRES.L | GNG.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.43 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.19 | 4.62 | -0.43 |
| Martin ratioReturn relative to average drawdown | 9.74 | 12.56 | -2.82 |
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
| FRES.L | GNG.AX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 2.85 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 1.09 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.66 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.30 | -0.05 |
Drawdowns
FRES.L vs. GNG.AX - Drawdown Comparison
The maximum FRES.L drawdown since its inception was -82.49%, roughly equal to the maximum GNG.AX drawdown of -82.46%. Use the drawdown chart below to compare losses from any high point for FRES.L and GNG.AX.
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Drawdown Indicators
| FRES.L | GNG.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.49% | -82.46% | -0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -31.37% | -28.15% | -3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -34.85% | -28.15% | -6.70% |
Max Drawdown (5Y)Largest decline over 5 years | -53.75% | -31.47% | -22.28% |
Max Drawdown (10Y)Largest decline over 10 years | -74.56% | -68.77% | -5.79% |
Current DrawdownCurrent decline from peak | -30.55% | -5.59% | -24.96% |
Average DrawdownAverage peak-to-trough decline | -42.90% | -35.35% | -7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.53% | 10.47% | +3.06% |
Volatility
FRES.L vs. GNG.AX - Volatility Comparison
Fresnillo plc (FRES.L) has a higher volatility of 15.85% compared to GR Engineering Services Limited (GNG.AX) at 12.44%. This indicates that FRES.L's price experiences larger fluctuations and is considered to be riskier than GNG.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRES.L | GNG.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.85% | 12.44% | +3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 42.01% | 35.34% | +6.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.99% | 45.78% | +9.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.40% | 36.88% | +5.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.40% | 42.20% | +1.20% |
Dividends
FRES.L vs. GNG.AX - Dividend Comparison
FRES.L's dividend yield for the trailing twelve months is around 3.15%, more than GNG.AX's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRES.L Fresnillo plc | 3.15% | 2.00% | 1.36% | 1.98% | 2.44% | 2.66% | 1.00% | 2.35% | 3.49% | 1.73% | 0.00% | 0.00% |
GNG.AX GR Engineering Services Limited | 2.18% | 4.94% | 7.69% | 8.56% | 9.31% | 5.71% | 4.92% | 7.50% | 10.28% | 3.47% | 7.35% | 6.41% |
Financials
FRES.L vs. GNG.AX - Financials Comparison
This section allows you to compare key financial metrics between Fresnillo plc and GR Engineering Services Limited. 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
FRES.L and GNG.AX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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