PAAS.TO vs. FNV.TO
Compare and contrast key facts about Pan American Silver Corp. (PAAS.TO) and Franco-Nevada Corporation (FNV.TO).
Performance
PAAS.TO vs. FNV.TO - Performance Comparison
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PAAS.TO vs. FNV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAAS.TO Pan American Silver Corp. | 7.22% | 148.70% | 37.51% | 0.37% | -28.31% | -27.25% | 43.89% | 55.86% | 2.74% | -2.74% |
FNV.TO Franco-Nevada Corporation | 21.27% | 69.90% | 16.50% | -19.65% | 6.49% | 10.56% | 19.99% | 41.69% | -3.12% | 26.63% |
Fundamentals
PAAS.TO:
CA$32.13B
FNV.TO:
CA$66.41B
PAAS.TO:
CA$2.54
FNV.TO:
CA$5.79
PAAS.TO:
29.96
FNV.TO:
59.45
PAAS.TO:
0.17
FNV.TO:
1.24
PAAS.TO:
8.11
FNV.TO:
36.31
PAAS.TO:
4.60
FNV.TO:
8.71
PAAS.TO:
CA$3.64B
FNV.TO:
CA$1.83B
PAAS.TO:
CA$1.40B
FNV.TO:
CA$1.35B
PAAS.TO:
CA$1.71B
FNV.TO:
CA$1.72B
Returns By Period
In the year-to-date period, PAAS.TO achieves a 7.22% return, which is significantly lower than FNV.TO's 21.27% return. Over the past 10 years, PAAS.TO has outperformed FNV.TO with an annualized return of 19.87%, while FNV.TO has yielded a comparatively lower 17.08% annualized return.
PAAS.TO
- 1D
- 6.70%
- 1M
- -18.46%
- YTD
- 7.22%
- 6M
- 42.02%
- 1Y
- 107.75%
- 3Y*
- 48.54%
- 5Y*
- 16.42%
- 10Y*
- 19.87%
FNV.TO
- 1D
- 6.00%
- 1M
- -9.50%
- YTD
- 21.27%
- 6M
- 11.59%
- 1Y
- 53.37%
- 3Y*
- 21.67%
- 5Y*
- 17.27%
- 10Y*
- 17.08%
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Return for Risk
PAAS.TO vs. FNV.TO — Risk / Return Rank
PAAS.TO
FNV.TO
PAAS.TO vs. FNV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pan American Silver Corp. (PAAS.TO) and Franco-Nevada Corporation (FNV.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.
| PAAS.TO | FNV.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.94 | 1.52 | +0.42 |
Sortino ratioReturn per unit of downside risk | 2.29 | 1.94 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.28 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.48 | 2.76 | +0.72 |
Martin ratioReturn relative to average drawdown | 11.16 | 7.31 | +3.86 |
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
| PAAS.TO | FNV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 1.52 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.63 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.59 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.57 | -0.36 |
Correlation
The correlation between PAAS.TO and FNV.TO is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PAAS.TO vs. FNV.TO - Dividend Comparison
PAAS.TO's dividend yield for the trailing twelve months is around 0.98%, more than FNV.TO's 0.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAAS.TO Pan American Silver Corp. | 0.98% | 0.91% | 1.89% | 2.51% | 2.63% | 1.35% | 0.67% | 0.60% | 0.91% | 0.67% | 0.33% | 3.86% |
FNV.TO Franco-Nevada Corporation | 0.63% | 0.75% | 1.17% | 1.25% | 0.91% | 0.83% | 0.86% | 0.98% | 1.55% | 1.12% | 1.42% | 1.53% |
Drawdowns
PAAS.TO vs. FNV.TO - Drawdown Comparison
The maximum PAAS.TO drawdown since its inception was -96.25%, which is greater than FNV.TO's maximum drawdown of -47.77%. Use the drawdown chart below to compare losses from any high point for PAAS.TO and FNV.TO.
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Drawdown Indicators
| PAAS.TO | FNV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.25% | -47.77% | -48.48% |
Max Drawdown (1Y)Largest decline over 1 year | -31.01% | -20.31% | -10.70% |
Max Drawdown (5Y)Largest decline over 5 years | -59.50% | -33.81% | -25.69% |
Max Drawdown (10Y)Largest decline over 10 years | -65.97% | -38.28% | -27.69% |
Current DrawdownCurrent decline from peak | -18.46% | -10.09% | -8.37% |
Average DrawdownAverage peak-to-trough decline | -38.67% | -12.18% | -26.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.67% | 7.66% | +2.01% |
Volatility
PAAS.TO vs. FNV.TO - Volatility Comparison
Pan American Silver Corp. (PAAS.TO) has a higher volatility of 18.46% compared to Franco-Nevada Corporation (FNV.TO) at 13.54%. This indicates that PAAS.TO's price experiences larger fluctuations and is considered to be riskier than FNV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAAS.TO | FNV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.46% | 13.54% | +4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 43.47% | 28.73% | +14.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.83% | 35.38% | +20.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.39% | 27.79% | +17.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.50% | 28.93% | +18.57% |
Financials
PAAS.TO vs. FNV.TO - Financials Comparison
This section allows you to compare key financial metrics between Pan American Silver Corp. and Franco-Nevada 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
PAAS.TO vs. FNV.TO - Profitability Comparison
PAAS.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Pan American Silver Corp. reported a gross profit of 565.26M and revenue of 1.20B. Therefore, the gross margin over that period was 47.2%.
FNV.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Franco-Nevada Corporation reported a gross profit of 465.85M and revenue of 604.86M. Therefore, the gross margin over that period was 77.0%.
PAAS.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Pan American Silver Corp. reported an operating income of 469.00M and revenue of 1.20B, resulting in an operating margin of 39.2%.
FNV.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Franco-Nevada Corporation reported an operating income of 457.32M and revenue of 604.86M, resulting in an operating margin of 75.6%.
PAAS.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Pan American Silver Corp. reported a net income of 458.44M and revenue of 1.20B, resulting in a net margin of 38.3%.
FNV.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Franco-Nevada Corporation reported a net income of 373.35M and revenue of 604.86M, resulting in a net margin of 61.7%.