GFI vs. WPM

Last updated Jun 9, 2026

GFI (Gold Fields Limited) and WPM (Wheaton Precious Metals Corp.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, GFI returned 26.67%/yr vs 19.95%/yr for WPM. A 0.69 correlation means they provide meaningful diversification when combined.

Performance

GFI vs. WPM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gold Fields Limited (GFI) and Wheaton Precious Metals Corp. (WPM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GFI achieves a -15.43% return, which is significantly lower than WPM's -1.95% return. Over the past 10 years, GFI has outperformed WPM with an annualized return of 26.67%, while WPM has yielded a comparatively lower 19.95% annualized return.

GFI

• 1D: -2.02%
• 1M: -20.02%
• YTD: -15.43%
• 6M: -10.31%
• 1Y: 51.45%
• 3Y*: 36.70%
• 5Y*: 31.29%
• 10Y*: 26.67%

WPM

• 1D: -1.17%
• 1M: -17.15%
• YTD: -1.95%
• 6M: 9.78%
• 1Y: 30.34%
• 3Y*: 38.10%
• 5Y*: 20.76%
• 10Y*: 19.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GFI vs. WPM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GFI Gold Fields Limited	-15.43%	240.42%	-6.27%	44.90%	-2.61%	23.33%	43.02%	89.47%	-16.75%	45.29%
WPM Wheaton Precious Metals Corp.	-1.95%	110.52%	15.24%	27.91%	-7.53%	4.22%	41.82%	54.62%	-10.04%	16.41%

Correlation

The correlation between GFI and WPM is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.69

The correlation between GFI and WPM shifts across timeframes, from 0.69 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GFI : $32.09B WPM : $52.26B
EPS GFI : $5.39 WPM : $3.96
PE Ratio GFI : 6.66 WPM : 29.02
PEG Ratio GFI : 0.11 WPM : 0.78
PS Ratio GFI : 2.30 WPM : 19.02
PB Ratio GFI : 3.81 WPM : 5.64
Total Revenue (TTM) GFI : $13.98B WPM : $2.75B
Gross Profit (TTM) GFI : $7.34B WPM : $2.12B
EBITDA (TTM) GFI : $8.04B WPM : $2.38B

Return for Risk

GFI vs. WPM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GFI

GFI Risk / Return Rank: 67
GFI Sharpe Ratio Rank: 69
GFI Sortino Ratio Rank: 65
GFI Omega Ratio Rank: 65
GFI Calmar Ratio Rank: 67
GFI Martin Ratio Rank: 69

WPM

WPM Risk / Return Rank: 62
WPM Sharpe Ratio Rank: 65
WPM Sortino Ratio Rank: 57
WPM Omega Ratio Rank: 59
WPM Calmar Ratio Rank: 63
WPM Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GFI vs. WPM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gold Fields Limited (GFI) and Wheaton Precious Metals Corp. (WPM). 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.

	GFI	WPM	Difference
Sharpe ratio: Return per unit of total volatility	0.87	0.67	+0.20
Sortino ratio: Return per unit of downside risk	1.43	1.08	+0.35
Omega ratio: Gain probability vs. loss probability	1.19	1.15	+0.04
Calmar ratio: Return relative to maximum drawdown	1.29	0.99	+0.31
Martin ratio: Return relative to average drawdown	3.29	2.64	+0.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GFI vs. WPM - Sharpe Ratio Comparison

The current GFI Sharpe Ratio is 0.87, which is comparable to the WPM Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of GFI and WPM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GFI	WPM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.67	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.59	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.55	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.68	-0.55

Drawdowns

GFI vs. WPM - Drawdown Comparison

The maximum GFI drawdown since its inception was -88.05%, which is greater than WPM's maximum drawdown of -48.64%. Use the drawdown chart below to compare losses from any high point for GFI and WPM.

Drawdown Indicators

	GFI	WPM	Difference
Max Drawdown Largest peak-to-trough decline	-88.05%	-48.64%	-39.41%
Max Drawdown (1Y) Largest decline over 1 year	-39.97%	-30.84%	-9.13%
Max Drawdown (3Y) Largest decline over 3 years	-39.97%	-30.84%	-9.13%
Max Drawdown (5Y) Largest decline over 5 years	-56.22%	-43.29%	-12.93%
Max Drawdown (10Y) Largest decline over 10 years	-63.09%	-48.64%	-14.45%
Current Drawdown Current decline from peak	-39.97%	-30.47%	-9.50%
Average Drawdown Average peak-to-trough decline	-44.26%	-18.85%	-25.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.69%	11.53%	+4.16%

Volatility

GFI vs. WPM - Volatility Comparison

The current volatility for Gold Fields Limited (GFI) is 15.34%, while Wheaton Precious Metals Corp. (WPM) has a volatility of 16.65%. This indicates that GFI experiences smaller price fluctuations and is considered to be less risky than WPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GFI	WPM	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.34%	16.65%	-1.31%
Volatility (6M) Calculated over the trailing 6-month period	45.82%	38.92%	+6.90%
Volatility (1Y) Calculated over the trailing 1-year period	59.39%	45.46%	+13.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.26%	35.33%	+16.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.86%	36.72%	+18.14%

Dividends

GFI vs. WPM - Dividend Comparison

GFI's dividend yield for the trailing twelve months is around 5.13%, more than WPM's 0.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GFI Gold Fields Limited	5.13%	1.77%	2.94%	2.87%	3.40%	3.24%	1.72%	0.81%	1.61%	1.41%	1.35%	0.60%
WPM Wheaton Precious Metals Corp.	0.63%	0.56%	1.10%	1.22%	1.54%	1.33%	1.01%	1.21%	1.84%	1.49%	1.09%	0.00%

Financials

GFI vs. WPM - Profitability Comparison

The chart below illustrates the profitability comparison between Gold Fields Limited and Wheaton Precious Metals Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GFI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gold Fields Limited reported a gross profit of 3.00B and revenue of 5.29B. Therefore, the gross margin over that period was 56.7%.

WPM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wheaton Precious Metals Corp. reported a gross profit of 689.26M and revenue of 888.98M. Therefore, the gross margin over that period was 77.5%.

GFI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gold Fields Limited reported an operating income of 2.71B and revenue of 5.29B, resulting in an operating margin of 51.3%.

WPM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wheaton Precious Metals Corp. reported an operating income of 666.92M and revenue of 888.98M, resulting in an operating margin of 75.0%.

GFI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gold Fields Limited reported a net income of 2.55B and revenue of 5.29B, resulting in a net margin of 48.2%.

WPM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wheaton Precious Metals Corp. reported a net income of 573.98M and revenue of 888.98M, resulting in a net margin of 64.6%.

Frequently Asked Questions

Can I hold both GFI and WPM in my portfolio?

GFI and WPM have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GFI or WPM?

WPM has higher volatility (16.65%) compared to GFI (15.34%). In terms of maximum drawdown, GFI dropped -88.05% vs WPM's -48.64%.

Which has better risk-adjusted returns?

GFI currently has the higher Sharpe Ratio (0.87 vs 0.67), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.