GS vs. WPM
GS (The Goldman Sachs Group, Inc.) and WPM (Wheaton Precious Metals Corp.) are both stocks. GS operates in Capital Markets (Financial Services), while WPM operates in Gold (Basic Materials). Over the past 10 years, GS returned 24.48%/yr vs 20.59%/yr for WPM. At a 0.07 correlation, their price movements are largely independent.
Performance
GS vs. WPM - Performance Comparison
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Returns By Period
In the year-to-date period, GS achieves a 22.08% return, which is significantly higher than WPM's -0.90% return. Over the past 10 years, GS has outperformed WPM with an annualized return of 24.48%, while WPM has yielded a comparatively lower 20.59% annualized return.
GS
- 1D
- 2.62%
- 1M
- 12.54%
- YTD
- 22.08%
- 6M
- 20.84%
- 1Y
- 76.70%
- 3Y*
- 49.31%
- 5Y*
- 25.98%
- 10Y*
- 24.48%
WPM
- 1D
- 3.05%
- 1M
- -10.84%
- YTD
- -0.90%
- 6M
- -0.91%
- 1Y
- 27.43%
- 3Y*
- 38.53%
- 5Y*
- 20.71%
- 10Y*
- 20.59%
GS vs. WPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GS The Goldman Sachs Group, Inc. | 22.08% | 56.64% | 52.03% | 15.91% | -7.87% | 47.61% | 17.45% | 40.48% | -33.53% | 7.73% |
WPM Wheaton Precious Metals Corp. | -0.90% | 110.52% | 15.24% | 27.91% | -7.53% | 4.22% | 41.82% | 54.62% | -10.04% | 16.41% |
Correlation
The correlation between GS and WPM is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.07 |
Over the past year, GS and WPM have become more correlated (0.34) than their long-term average of 0.07, meaning their price movements have been converging.
Fundamentals
GS:
$327.33B
WPM:
$52.82B
GS:
$57.41
WPM:
$3.96
GS:
18.51
WPM:
29.33
GS:
2.40
WPM:
0.78
GS:
3.02
WPM:
19.23
GS:
2.66
WPM:
5.70
GS:
$110.77B
WPM:
$2.75B
GS:
$61.53B
WPM:
$2.12B
GS:
$24.94B
WPM:
$2.38B
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Return for Risk
GS vs. WPM — Risk / Return Rank
GS
WPM
GS vs. WPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Goldman Sachs Group, Inc. (GS) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GS | WPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.14 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 0.84 | +2.96 |
| Martin ratioReturn relative to average drawdown | 12.61 | 2.40 | +10.21 |
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Drawdowns
GS vs. WPM - Drawdown Comparison
The maximum GS drawdown since its inception was -78.84%, which is greater than WPM's maximum drawdown of -48.64%. Use the drawdown chart below to compare losses from any high point for GS and WPM.
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Drawdown Indicators
| GS | WPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.84% | -48.64% | -30.20% |
Max Drawdown (1Y)Largest decline over 1 year | -19.42% | -34.92% | +15.50% |
Max Drawdown (3Y)Largest decline over 3 years | -30.90% | -34.92% | +4.02% |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | -43.29% | +10.45% |
Max Drawdown (10Y)Largest decline over 10 years | -48.75% | -48.64% | -0.11% |
Current DrawdownCurrent decline from peak | -2.73% | -29.73% | +27.00% |
Average DrawdownAverage peak-to-trough decline | -22.65% | -18.87% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 12.22% | -6.38% |
Volatility
GS vs. WPM - Volatility Comparison
The current volatility for The Goldman Sachs Group, Inc. (GS) is 11.84%, while Wheaton Precious Metals Corp. (WPM) has a volatility of 16.76%. This indicates that GS 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.
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Volatility by Period
| GS | WPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.84% | 16.76% | -4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 23.47% | 39.19% | -15.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.55% | 45.96% | -17.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.10% | 35.44% | -7.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.87% | 36.78% | -6.91% |
Dividends
GS vs. WPM - Dividend Comparison
GS's dividend yield for the trailing twelve months is around 1.60%, more than WPM's 0.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GS The Goldman Sachs Group, Inc. | 1.60% | 1.59% | 2.01% | 2.72% | 2.62% | 1.70% | 1.90% | 1.80% | 1.89% | 1.14% | 1.09% | 1.41% |
WPM Wheaton Precious Metals Corp. | 0.62% | 0.56% | 1.10% | 1.22% | 1.54% | 1.33% | 1.01% | 1.21% | 1.84% | 1.49% | 1.09% | 0.00% |
Financials
GS vs. WPM - Financials Comparison
This section allows you to compare key financial metrics between The Goldman Sachs Group, Inc. and Wheaton Precious Metals Corp.. 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
GS vs. WPM - Profitability Comparison
GS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Goldman Sachs Group, Inc. reported a gross profit of 16.91B and revenue of 17.23B. Therefore, the gross margin over that period was 98.2%.
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%.
GS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Goldman Sachs Group, Inc. reported an operating income of 6.49B and revenue of 17.23B, resulting in an operating margin of 37.7%.
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%.
GS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Goldman Sachs Group, Inc. reported a net income of 5.63B and revenue of 17.23B, resulting in a net margin of 32.7%.
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
GS and WPM have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WPM has higher volatility (16.76%) compared to GS (11.84%). In terms of maximum drawdown, GS dropped -78.84% vs WPM's -48.64%.
GS currently has the higher Sharpe Ratio (2.59 vs 0.64), 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.
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