LUN.TO vs. WPM
LUN.TO (Lundin Mining Corporation) and WPM (Wheaton Precious Metals Corp.) are both stocks. Both are in the Basic Materials sector — LUN.TO in Copper, WPM in Gold. Over the past 10 years, LUN.TO returned 27.86%/yr vs 21.64%/yr for WPM. At a 0.33 correlation, their price movements are largely independent.
Performance
LUN.TO vs. WPM - Performance Comparison
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Different Trading Currencies
LUN.TO is traded in CAD, while WPM is traded in USD. To make them comparable, the WPM values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LUN.TO achieves a 28.54% return, which is significantly higher than WPM's 1.21% return. Over the past 10 years, LUN.TO has outperformed WPM with an annualized return of 27.86%, while WPM has yielded a comparatively lower 21.64% annualized return.
LUN.TO
- 1D
- 2.69%
- 1M
- -9.84%
- YTD
- 28.54%
- 6M
- 39.35%
- 1Y
- 171.40%
- 3Y*
- 58.49%
- 5Y*
- 28.07%
- 10Y*
- 27.86%
WPM
- 1D
- 3.35%
- 1M
- -16.51%
- YTD
- 1.21%
- 6M
- 0.61%
- 1Y
- 32.28%
- 3Y*
- 40.65%
- 5Y*
- 24.27%
- 10Y*
- 21.64%
LUN.TO vs. WPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LUN.TO Lundin Mining Corporation | 28.54% | 141.86% | 17.72% | 35.67% | -11.74% | -9.34% | 49.12% | 40.12% | -31.40% | 32.67% |
WPM Wheaton Precious Metals Corp. | 1.21% | 100.91% | 25.00% | 24.86% | -1.67% | 4.17% | 38.45% | 48.25% | -2.47% | 8.53% |
Correlation
The correlation between LUN.TO and WPM is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.33 |
The correlation between LUN.TO and WPM shifts across timeframes, from 0.33 (10 years) to 0.47 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
LUN.TO:
CA$32.59B
WPM:
$52.82B
LUN.TO:
$1.69
WPM:
$3.96
LUN.TO:
16.04
WPM:
29.33
LUN.TO:
0.10
WPM:
0.78
LUN.TO:
5.76
WPM:
19.23
LUN.TO:
3.40
WPM:
5.70
LUN.TO:
$4.04B
WPM:
$2.75B
LUN.TO:
$1.55B
WPM:
$2.12B
LUN.TO:
$1.92B
WPM:
$2.38B
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Return for Risk
LUN.TO vs. WPM — Risk / Return Rank
LUN.TO
WPM
LUN.TO vs. WPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lundin Mining Corporation (LUN.TO) 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.
| LUN.TO | WPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.56 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.15 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 5.12 | 0.97 | +4.16 |
| Martin ratioReturn relative to average drawdown | 16.75 | 2.71 | +14.04 |
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Drawdowns
LUN.TO vs. WPM - Drawdown Comparison
The maximum LUN.TO drawdown since its inception was -95.33%, which is greater than WPM's maximum drawdown of -47.50%. Use the drawdown chart below to compare losses from any high point for LUN.TO and WPM.
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Drawdown Indicators
| LUN.TO | WPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.33% | -47.50% | -47.83% |
Max Drawdown (1Y)Largest decline over 1 year | -33.67% | -33.56% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -47.11% | -33.56% | -13.55% |
Max Drawdown (5Y)Largest decline over 5 years | -53.91% | -39.49% | -14.42% |
Max Drawdown (10Y)Largest decline over 10 years | -57.61% | -47.50% | -10.11% |
Current DrawdownCurrent decline from peak | -14.62% | -28.09% | +13.47% |
Average DrawdownAverage peak-to-trough decline | -48.73% | -19.28% | -29.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.28% | 11.95% | -1.67% |
Volatility
LUN.TO vs. WPM - Volatility Comparison
Lundin Mining Corporation (LUN.TO) has a higher volatility of 19.93% compared to Wheaton Precious Metals Corp. (WPM) at 16.90%. This indicates that LUN.TO'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
| LUN.TO | WPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.93% | 16.90% | +3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 44.51% | 39.12% | +5.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.84% | 45.82% | +7.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.24% | 35.85% | +10.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.96% | 37.34% | +8.62% |
Dividends
LUN.TO vs. WPM - Dividend Comparison
LUN.TO's dividend yield for the trailing twelve months is around 0.29%, less than WPM's 0.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LUN.TO Lundin Mining Corporation | 0.29% | 0.68% | 3.64% | 3.32% | 5.66% | 3.95% | 1.42% | 1.55% | 2.13% | 1.44% | 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
LUN.TO vs. WPM - Financials Comparison
This section allows you to compare key financial metrics between Lundin Mining 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
LUN.TO vs. WPM - Profitability Comparison
LUN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported a gross profit of 537.50M and revenue of 1.16B. Therefore, the gross margin over that period was 46.4%.
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%.
LUN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported an operating income of 503.80M and revenue of 1.16B, resulting in an operating margin of 43.5%.
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%.
LUN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported a net income of 281.40M and revenue of 1.16B, resulting in a net margin of 24.3%.
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
LUN.TO and WPM have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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