FNV Franco-Nevada Corporation

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

FNV vs GDX

Both indexed to 100 at 2026-05-11.

FNV GDX · range 72–115 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

GDX VanEck Gold Miners ETF

ρ +0.85beyond mkt +0.60holdout +0.87stable 100%robust

OR OR Royalties Inc.

ρ +0.80beyond mkt +0.53holdout +0.86stable 100%robust

RGLD Royal Gold, Inc. Common Stock

ρ +0.81beyond mkt +0.53holdout +0.86stable 100%robust

TFPM Triple Flag Precious Metals Corp.

ρ +0.78beyond mkt +0.48holdout +0.87stable 100%robust

AGI Alamos Gold Inc. Class A Common Shares

ρ +0.77beyond mkt +0.45holdout +0.81stable 100%robust

GNT GAMCO Natural Resources, Gold & Income Trust

ρ +0.52beyond mkt +0.13holdout +0.53stable 100%robust

UUP Invesco DB US Dollar Index Bullish Fund

ρ -0.34beyond mkt +0.06holdout -0.43stable 100%robust

No day-to-day relationship, but 5- or 10-day returns move together.

DBMF iMGP DBi Managed Futures Strategy ETF

horizon 5dρ +0.36holdout +0.11stable 75%moderate

CABA Cabaletta Bio, Inc. Common Stock

horizon 10dρ +0.35holdout +0.41stable 38%moderate

LODE Comstock Inc.

horizon 5dρ +0.31holdout +0.30stable 62%moderate

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

HII Huntington Ingalls Industries, Inc.

Δ -0.57recent -0.34prior +0.23beyond mkt -0.09

HYHG ProShares High Yield-Interest Rate Hedged ETF

Δ +0.49recent +0.55prior +0.06beyond mkt +0.06

LMT Lockheed Martin Corp.

Δ -0.45recent -0.31prior +0.14beyond mkt -0.09

MARA MARA Holdings, Inc. Common Stock

Δ +0.43recent +0.53prior +0.09beyond mkt -0.12

AHLT American Beacon AHL Trend ETF

Δ -0.43recent -0.05prior +0.38beyond mkt +0.09

BITC Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

Δ +0.43recent +0.44prior +0.02beyond mkt -0.07

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
OR OR Royalties Inc.	+0.53	+0.80	24
GDX VanEck Gold Miners ETF	+0.60	+0.85	25
RGLD Royal Gold, Inc. Common Stock	+0.53	+0.81	26
TFPM Triple Flag Precious Metals Corp.	+0.48	+0.78	26
AGI Alamos Gold Inc. Class A Common Shares	+0.45	+0.77	26