Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. The company's short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital. The company holds a portfolio of assets, diversified by commodity, revenue type, and stage of a project.
The chart shows the growth of an initial investment of $10,000 in Franco-Nevada Corporation, comparing it to the performance of the S&P 500 index. All prices have been adjusted for splits and dividends.
Returns By Period
Franco-Nevada Corporation (FNV) has returned 23.57% so far this year and 82.17% over the past 12 months. Looking at the last ten years, FNV has achieved an annualized return of 15.47%, outperforming the Benchmark (SPY), which averaged 12.23% per year.
FNV
1M0.26%
6M15.94%
YTD23.57%
1Y82.17%
5Y13.81%
10Y15.47%
Benchmark (SPY)
1M-3.85%
6M-2.35%
YTD-4.36%
1Y34.06%
5Y9.80%
10Y12.23%
Monthly Returns
The table below presents the monthly returns of Franco-Nevada Corporation (FNV) with color gradation from worst to best to easily spot seasonal factors.
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2026
12.36%
20.68%
-12.83%
1.53%
2025
14.11%
5.51%
9.30%
9.10%
0.99%
-4.84%
-4.02%
15.73%
17.01%
-16.62%
12.32%
-1.76%
2024
-2.28%
-4.04%
13.08%
-0.50%
2.18%
-4.25%
9.00%
-5.03%
2.69%
6.49%
-8.15%
-4.15%
2023
6.66%
-12.83%
12.63%
3.58%
-5.31%
-2.03%
2.27%
0.38%
-8.34%
-7.92%
-7.82%
-1.28%
2022
-3.44%
10.38%
7.78%
-4.97%
-4.29%
-7.99%
-1.65%
-6.36%
0.74%
1.88%
15.65%
-8.61%
2021
-8.26%
-12.72%
16.33%
9.84%
6.04%
-3.23%
9.33%
-8.79%
-11.53%
9.45%
-3.78%
-0.09%
2020
9.27%
-5.04%
-8.28%
32.69%
8.07%
-0.64%
14.56%
-6.38%
-8.84%
-2.98%
-3.45%
-7.95%
2019
10.79%
-2.92%
-0.03%
-4.66%
7.69%
8.82%
4.56%
13.72%
-7.70%
7.33%
1.70%
5.10%
2018
-5.29%
-7.89%
-1.99%
2.75%
0.07%
3.66%
0.83%
-12.53%
-0.92%
8.45%
0.24%
2017
9.13%
0.78%
2.79%
4.25%
10.24%
-2.29%
1.81%
13.10%
-5.81%
2.58%
1.65%
-1.93%
2016
17.82%
-10.60%
19.20%
-0.67%
-9.16%
0.66%
-5.89%
-13.16%
3.30%
Performance Indicators
The charts below present risk-adjusted performance metrics for Franco-Nevada Corporation (FNV) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of FNV compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Franco-Nevada Corporation volatility is 2.76%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses. Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Orezone Gold has completed its acquisition of Hecla Quebec Inc., gaining 100% ownership of the operating Casa Berardi gold mine and Quebec exploration properties. The transaction, valued at $352M upfront and deferred consideration plus up to $241M in contingent payments, positions Orezone as a diversified multi-asset producer. The company funded the acquisition through cash on hand and a gold stream agreement with Franco-Nevada, receiving a $100M upfront deposit. Orezone plans to optimize Casa Berardi operations and conduct an 80,000-100,000 metre annual exploration program.
Benzinga•Not Specified
AI Insight
Franco-Nevada is a financing partner providing a gold stream agreement with a $100M upfront deposit. The arrangement is structured as a commercial transaction with defined terms for gold deliveries and pricing, representing a neutral business relationship without indication of positive or negative implications.
i-80 Gold Corp has closed its gold prepayment facility with National Bank of Canada and Macquarie Bank Limited, securing $150 million in initial funding with a $100 million accordion feature. The company has completed its recapitalization plan, raising over $1 billion in total capital to fully fund Phase 1 and Phase 2 of its development plan. The company aims to increase annual gold production to 300,000-400,000 ounces by 2031 from current levels of less than 50,000 ounces.
Benzinga•Prnewswire
AI Insight
Franco-Nevada provided a $250 million royalty financing to i-80 Gold, but the mention is purely transactional with no sentiment indicators about Franco-Nevada itself.
The article advises cautious, small allocations to Bitcoin and gold due to their limitations, but recommends precious metals streaming and royalty companies as a better alternative for long-term investors seeking growth and dividends.
The Motley Fool•Reuben Gregg Brewer
AI Insight
Recommended as a superior alternative to direct precious metals or crypto investment. Offers business growth through new deals, pays dividends, and provides exposure to precious metals with upside potential.
Canadian General Investments (CGI) reported a NAV of $83.73 per share at January 31, 2026, with year-to-date and 12-month NAV returns of 3.8% and 20.0% respectively, outperforming the S&P/TSX Composite Index on a 12-month basis. The company's leverage decreased to 11.5% of net assets, and its portfolio is diversified across sectors with top holdings including Franco-Nevada, NVIDIA, Celestica, and Cameco.
Benzinga•Globe Newswire
AI Insight
Largest holding in CGI's portfolio at 4.7%, indicating confidence in the company's investment prospects.
Franco-Nevada Corporation announced a 16% increase in its quarterly dividend to US$0.44 per share, marking the 19th consecutive annual dividend increase. The company also announced leadership succession plans, with David Harquail transitioning to Chair Emeritus and Tom Albanese, the current Lead Independent Director and former CEO of Rio Tinto and Vedanta Resources, becoming the new independent non-executive Chair effective May 12, 2026.
Benzinga•Prnewswire
AI Insight
The company demonstrated strong shareholder commitment through its 19th consecutive annual dividend increase (16% raise), debt-free status, and experienced leadership transition to a seasoned mining executive. Canadian IPO investors from 2007 are receiving a 16.1% effective yield on their original investment, indicating exceptional long-term value creation.
Canadian General Investments (CGI) reported a net asset value per share of $80.66 at December 31, 2025, with an 18.1% one-year NAV return (dividends reinvested), underperforming the S&P/TSX Composite Index's 31.7% return. The company's leverage decreased to 11.9% of net assets from 13.8% year-over-year. Share price returned 19.9% annually. Top holdings include Celestica, NVIDIA, Franco-Nevada, Shopify, and First Quantum Minerals, with significant exposure to Information Technology (20.5%) and Industrials (19.6%) sectors.
Benzinga•Globe Newswire
AI Insight
Third-largest holding at 4.4%, indicating significant exposure to the Materials sector.
While Wheaton Precious Metals has an attractive streaming business model for precious metals investment, analyst Matt DiLallo recommends Franco-Nevada as a superior alternative due to its larger, more diversified portfolio of 434 assets across multiple commodity types, lower risk profile, and stronger growth potential from recent acquisitions like the Cote Gold Mine.
The Motley Fool•Matt Dilallo
AI Insight
Preferred investment choice due to significantly larger and more diversified portfolio of 434 assets across gold, silver, platinum, oil, and gas. Demonstrates lower risk through diversification, recent strategic acquisition of Cote Gold Mine royalty generating $67M annual revenue, and 18 consecutive years of dividend increases.
Canadian General Investments reported a net asset value per share of $80.73 as of November 30, 2025, with year-to-date NAV returns of 18.2%. The investment portfolio is diversified across sectors, with top holdings including Celestica, NVIDIA, and Franco-Nevada.
GlobeNewswire Inc.•Jonathan A. Morgan
AI Insight
Solid portfolio position at 4.5%, representing materials sector investment
G Mining Ventures Corp completed a US$80 million drawdown from its US$350 million revolving credit facility, using proceeds to repay an existing senior secured term loan and generate approximately US$1.5 million in annual interest savings.
Benzinga•Prnewswire
AI Insight
Mentioned as the previous senior secured term loan provider, with no negative implications from the loan repayment
Canadian General Investments reported a net asset value per share of $82.06 as of October 31, 2025, with year-to-date NAV returns of 19.8%. The investment portfolio is heavily weighted in Information Technology (27.1%) and Industrials (18.8%), with top holdings including Celestica, NVIDIA, and Shopify.
GlobeNewswire Inc.•Jonathan A. Morgan
AI Insight
Consistent 4.0% portfolio allocation in materials sector
