FNV·Franco-Nevada Corporation

Realized volatility (21d)

32.6% 62nd pct

Below its peak

-12.9%

vs 200-day average

+2.5%

Up days (1y)

53%

Franco-Nevada Corporation is currently running 32.6% annualised volatility over the last 21 sessions. Measured against FNV's own 13 years of daily returns rather than a market-wide average, that is the 62nd percentile — a little above its own norm, against a typical reading of 29.3%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

FNV is trading -12.9% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -24.9%, and the deepest was -35.3% in 2023. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits +2.5% from its 200-day moving average. Against every other day in its history, that gap ranks at the 46th percentile — close to the gap it normally carries. Over the past year FNV closed higher on 53% of sessions, and it is currently 2 sessions into a rising streak.

On October specifically: over 13 years of records, FNV finished the month higher 7 of 13 times, with a median return of +1.1% and an average of +1.7%. Its strongest month historically has been January at +5.1% on average, its weakest September at -2.3%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: FNV has opened more than 2% away from the prior close in 223 of 3,266 sessions (6.8% of the time), with the largest gaps running +7.1% and -7.3%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 3,267 daily closes between 2013-10-14 and 2026-10-09, split-adjusted, recomputed daily. Percentiles are against FNV's own 13-year history, not a peer group or index.