IAG vs. WPM
IAG (IAMGOLD Corporation) 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, IAG returned 16.20%/yr vs 20.59%/yr for WPM. A 0.73 correlation means they provide meaningful diversification when combined.
Performance
IAG vs. WPM - Performance Comparison
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Returns By Period
In the year-to-date period, IAG achieves a 0.97% return, which is significantly higher than WPM's -0.90% return. Over the past 10 years, IAG has underperformed WPM with an annualized return of 16.20%, while WPM has yielded a comparatively higher 20.59% annualized return.
IAG
- 1D
- 3.16%
- 1M
- -11.39%
- YTD
- 0.97%
- 6M
- 5.11%
- 1Y
- 120.82%
- 3Y*
- 80.32%
- 5Y*
- 35.17%
- 10Y*
- 16.20%
WPM
- 1D
- 3.05%
- 1M
- -18.24%
- YTD
- -0.90%
- 6M
- -0.91%
- 1Y
- 29.24%
- 3Y*
- 38.53%
- 5Y*
- 20.71%
- 10Y*
- 20.59%
IAG vs. WPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAG IAMGOLD Corporation | 0.97% | 219.57% | 103.95% | -1.94% | -17.57% | -14.71% | -1.61% | 1.36% | -36.88% | 51.43% |
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 IAG and WPM is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.73 |
The correlation between IAG and WPM has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
Fundamentals
IAG:
$9.89B
WPM:
$52.82B
IAG:
$1.73
WPM:
$3.96
IAG:
9.63
WPM:
29.33
IAG:
0.06
WPM:
0.78
IAG:
2.84
WPM:
19.23
IAG:
2.28
WPM:
5.70
IAG:
$3.42B
WPM:
$2.75B
IAG:
$1.64B
WPM:
$2.12B
IAG:
$1.97B
WPM:
$2.38B
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Return for Risk
IAG vs. WPM — Risk / Return Rank
IAG
WPM
IAG vs. WPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IAMGOLD Corporation (IAG) 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.
| IAG | WPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.14 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 0.84 | +2.23 |
| Martin ratioReturn relative to average drawdown | 7.68 | 2.40 | +5.28 |
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Drawdowns
IAG vs. WPM - Drawdown Comparison
The maximum IAG drawdown since its inception was -95.55%, which is greater than WPM's maximum drawdown of -48.64%. Use the drawdown chart below to compare losses from any high point for IAG and WPM.
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Drawdown Indicators
| IAG | WPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.55% | -48.64% | -46.91% |
Max Drawdown (1Y)Largest decline over 1 year | -39.60% | -34.92% | -4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -39.60% | -34.92% | -4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -73.69% | -43.29% | -30.40% |
Max Drawdown (10Y)Largest decline over 10 years | -86.46% | -48.64% | -37.82% |
Current DrawdownCurrent decline from peak | -32.23% | -29.73% | -2.50% |
Average DrawdownAverage peak-to-trough decline | -56.18% | -18.87% | -37.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.80% | 12.22% | +3.58% |
Volatility
IAG vs. WPM - Volatility Comparison
IAMGOLD Corporation (IAG) has a higher volatility of 20.86% compared to Wheaton Precious Metals Corp. (WPM) at 16.76%. This indicates that IAG's price experiences larger fluctuations and is considered to be riskier 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
| IAG | WPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.86% | 16.76% | +4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 49.19% | 39.19% | +10.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.99% | 45.96% | +16.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.55% | 35.44% | +25.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.65% | 36.78% | +21.87% |
Dividends
IAG vs. WPM - Dividend Comparison
IAG has not paid dividends to shareholders, while WPM's dividend yield for the trailing twelve months is around 0.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IAG IAMGOLD Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Financials
IAG vs. WPM - Financials Comparison
This section allows you to compare key financial metrics between IAMGOLD Corporation 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
IAG vs. WPM - Profitability Comparison
IAG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IAMGOLD Corporation reported a gross profit of 570.70M and revenue of 1.03B. Therefore, the gross margin over that period was 55.4%.
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%.
IAG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IAMGOLD Corporation reported an operating income of 544.70M and revenue of 1.03B, resulting in an operating margin of 52.9%.
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%.
IAG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IAMGOLD Corporation reported a net income of 379.70M and revenue of 1.03B, resulting in a net margin of 36.9%.
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
IAG and WPM have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAG has higher volatility (20.86%) compared to WPM (16.76%). In terms of maximum drawdown, IAG dropped -95.55% vs WPM's -48.64%.
IAG currently has the higher Sharpe Ratio (1.96 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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