TPL vs. FNX.L
TPL (Texas Pacific Land Corporation) and FNX.L (Fonix Mobile plc) are both stocks. TPL operates in Oil & Gas E&P (Energy), while FNX.L operates in Software - Infrastructure (Technology). Over the past 5 years, TPL returned 19.99%/yr vs 0.75%/yr for FNX.L. At a 0.02 correlation, their price movements are largely independent.
Performance
TPL vs. FNX.L - Performance Comparison
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Different Trading Currencies
TPL is traded in USD, while FNX.L is traded in GBp. To make them comparable, the FNX.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TPL achieves a 38.29% return, which is significantly higher than FNX.L's -13.56% return.
TPL
- 1D
- 1.63%
- 1M
- 0.65%
- YTD
- 38.29%
- 6M
- 31.79%
- 1Y
- 7.42%
- 3Y*
- 38.29%
- 5Y*
- 19.99%
- 10Y*
- 37.24%
FNX.L
- 1D
- -2.32%
- 1M
- -16.86%
- YTD
- -13.56%
- 6M
- -23.97%
- 1Y
- -33.12%
- 3Y*
- -3.82%
- 5Y*
- 0.75%
- 10Y*
- —
TPL vs. FNX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TPL Texas Pacific Land Corporation | 38.29% | -21.61% | 115.31% | -32.40% | 91.29% | 73.25% | 58.12% |
FNX.L Fonix Mobile plc | -13.56% | -11.75% | -11.16% | 25.54% | 21.09% | 21.89% | 62.61% |
Correlation
The correlation between TPL and FNX.L is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2020 | 0.02 |
Fundamentals
TPL:
$27.34B
FNX.L:
£143.60M
TPL:
$7.30
FNX.L:
£0.22
TPL:
54.30
FNX.L:
6.46
TPL:
2.87
FNX.L:
0.38
TPL:
32.59
FNX.L:
0.95
TPL:
17.57
FNX.L:
13.21
TPL:
$839.03M
FNX.L:
£151.55M
TPL:
$625.27M
FNX.L:
£35.81M
TPL:
$690.06M
FNX.L:
£30.49M
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Return for Risk
TPL vs. FNX.L — Risk / Return Rank
TPL
FNX.L
TPL vs. FNX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Pacific Land Corporation (TPL) and Fonix Mobile plc (FNX.L). 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.
| TPL | FNX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.85 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | -0.93 | +1.16 |
| Martin ratioReturn relative to average drawdown | 0.45 | -1.64 | +2.09 |
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
| TPL | FNX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.16 | -0.90 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.02 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.35 | +0.21 |
Drawdowns
TPL vs. FNX.L - Drawdown Comparison
The maximum TPL drawdown since its inception was -73.05%, which is greater than FNX.L's maximum drawdown of -40.38%. Use the drawdown chart below to compare losses from any high point for TPL and FNX.L.
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Drawdown Indicators
| TPL | FNX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.05% | -40.38% | -32.67% |
Max Drawdown (1Y)Largest decline over 1 year | -31.68% | -35.64% | +3.96% |
Max Drawdown (3Y)Largest decline over 3 years | -52.22% | -40.38% | -11.84% |
Max Drawdown (5Y)Largest decline over 5 years | -52.50% | -40.38% | -12.12% |
Max Drawdown (10Y)Largest decline over 10 years | -65.46% | — | — |
Current DrawdownCurrent decline from peak | -30.63% | -40.05% | +9.42% |
Average DrawdownAverage peak-to-trough decline | -27.27% | -14.93% | -12.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.65% | 20.13% | -3.48% |
Volatility
TPL vs. FNX.L - Volatility Comparison
Texas Pacific Land Corporation (TPL) has a higher volatility of 14.07% compared to Fonix Mobile plc (FNX.L) at 9.40%. This indicates that TPL's price experiences larger fluctuations and is considered to be riskier than FNX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPL | FNX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.07% | 9.40% | +4.67% |
Volatility (6M)Calculated over the trailing 6-month period | 37.91% | 30.87% | +7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.71% | 36.82% | +9.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.23% | 38.05% | +8.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.10% | 38.83% | +8.27% |
Dividends
TPL vs. FNX.L - Dividend Comparison
TPL's dividend yield for the trailing twelve months is around 0.57%, less than FNX.L's 6.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNX.L Fonix Mobile plc | 6.25% | 7.00% | 3.81% | 2.90% | 2.99% | 3.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPL Texas Pacific Land Corporation | 0.57% | 0.74% | 1.37% | 0.83% | 1.37% | 0.88% | 2.20% | 0.22% | 0.55% | 0.30% | 0.10% | 0.22% |
Financials
TPL vs. FNX.L - Financials Comparison
This section allows you to compare key financial metrics between Texas Pacific Land Corporation and Fonix Mobile plc. 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
TPL vs. FNX.L - Profitability Comparison
TPL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported a gross profit of 0.00 and revenue of 236.82M. Therefore, the gross margin over that period was 0.0%.
FNX.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fonix Mobile plc reported a gross profit of 9.94M and revenue of 42.33M. Therefore, the gross margin over that period was 23.5%.
TPL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported an operating income of 182.33M and revenue of 236.82M, resulting in an operating margin of 77.0%.
FNX.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fonix Mobile plc reported an operating income of 7.63M and revenue of 42.33M, resulting in an operating margin of 18.0%.
TPL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported a net income of 142.90M and revenue of 236.82M, resulting in a net margin of 60.3%.
FNX.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fonix Mobile plc reported a net income of 6.11M and revenue of 42.33M, resulting in a net margin of 14.4%.
Frequently Asked Questions
TPL and FNX.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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