FRES.L vs. MNS.TO
FRES.L (Fresnillo plc) is a stock, while MNS.TO (Royal Canadian Mint - Canadian Silver Reserves) is Silver fund tracking the N/A (Physical Bullion). Over the past 5 years, FRES.L returned 31.92%/yr vs 17.93%/yr for MNS.TO. At a 0.41 correlation, their price movements are largely independent.
Performance
FRES.L vs. MNS.TO - Performance Comparison
Loading charts...
Different Trading Currencies
FRES.L is traded in GBp, while MNS.TO is traded in CAD. To make them comparable, the MNS.TO 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 -15.96% return, which is significantly higher than MNS.TO's -24.46% return.
FRES.L
- 1D
- -1.44%
- 1M
- -16.59%
- YTD
- -15.96%
- 6M
- -17.88%
- 1Y
- 96.36%
- 3Y*
- 70.39%
- 5Y*
- 31.92%
- 10Y*
- 7.10%
MNS.TO
- 1D
- 2.89%
- 1M
- -19.62%
- YTD
- -24.46%
- 6M
- -28.00%
- 1Y
- 64.95%
- 3Y*
- 37.08%
- 5Y*
- 17.93%
- 10Y*
- —
FRES.L vs. MNS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRES.L Fresnillo plc | -15.96% | 468.21% | 6.13% | -32.98% | 3.90% | -18.79% | 78.92% | -24.01% | -38.26% | 18.98% |
MNS.TO Royal Canadian Mint - Canadian Silver Reserves | -24.46% | 154.12% | 32.95% | -8.37% | 10.76% | -14.62% | 44.86% | 10.21% | -3.90% | -3.61% |
Correlation
The correlation between FRES.L and MNS.TO is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2016 | 0.41 |
The correlation between FRES.L and MNS.TO shifts across timeframes, from 0.41 (all time) to 0.54 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FRES.L vs. MNS.TO — Risk / Return Rank
FRES.L
MNS.TO
FRES.L vs. MNS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fresnillo plc (FRES.L) and Royal Canadian Mint - Canadian Silver Reserves (MNS.TO). 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.
| FRES.L | MNS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 1.38 | +1.21 |
| Martin ratioReturn relative to average drawdown | 6.08 | 3.28 | +2.80 |
Loading charts...
Drawdowns
FRES.L vs. MNS.TO - Drawdown Comparison
The maximum FRES.L drawdown since its inception was -82.49%, which is greater than MNS.TO's maximum drawdown of -47.22%. Use the drawdown chart below to compare losses from any high point for FRES.L and MNS.TO.
Loading charts...
Drawdown Indicators
| FRES.L | MNS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.49% | -47.22% | -35.27% |
Max Drawdown (1Y)Largest decline over 1 year | -37.00% | -47.22% | +10.22% |
Max Drawdown (3Y)Largest decline over 3 years | -37.00% | -47.22% | +10.22% |
Max Drawdown (5Y)Largest decline over 5 years | -53.75% | -47.22% | -6.53% |
Max Drawdown (10Y)Largest decline over 10 years | -74.56% | — | — |
Current DrawdownCurrent decline from peak | -37.00% | -43.16% | +6.16% |
Average DrawdownAverage peak-to-trough decline | -42.85% | -16.87% | -25.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.78% | 19.84% | -4.06% |
Volatility
FRES.L vs. MNS.TO - Volatility Comparison
Fresnillo plc (FRES.L) has a higher volatility of 16.50% compared to Royal Canadian Mint - Canadian Silver Reserves (MNS.TO) at 14.10%. This indicates that FRES.L's price experiences larger fluctuations and is considered to be riskier than MNS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FRES.L | MNS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.50% | 14.10% | +2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 43.75% | 50.92% | -7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.04% | 54.72% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.80% | 34.00% | +8.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.23% | 31.25% | +11.98% |
Dividends
FRES.L vs. MNS.TO - Dividend Comparison
FRES.L's dividend yield for the trailing twelve months is around 3.47%, while MNS.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FRES.L Fresnillo plc | 3.47% | 2.00% | 1.36% | 1.98% | 2.44% | 2.66% | 1.00% | 2.35% | 3.49% | 1.73% |
MNS.TO Royal Canadian Mint - Canadian Silver Reserves | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FRES.L and MNS.TO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for FRES.L and MNS.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer