NVT vs. WPM
NVT (nVent Electric plc) and WPM (Wheaton Precious Metals Corp.) are both stocks. NVT operates in Electrical Equipment & Parts (Industrials), while WPM operates in Gold (Basic Materials). Over the past 5 years, NVT returned 40.99%/yr vs 21.25%/yr for WPM. At a 0.13 correlation, their price movements are largely independent.
Performance
NVT vs. WPM - Performance Comparison
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Returns By Period
In the year-to-date period, NVT achieves a 58.14% return, which is significantly higher than WPM's -6.07% return.
NVT
- 1D
- 1.69%
- 1M
- -2.31%
- 6M
- 53.03%
- YTD
- 58.14%
- 1Y
- 116.38%
- 3Y*
- 47.35%
- 5Y*
- 40.99%
- 10Y*
- —
WPM
- 1D
- -0.54%
- 1M
- -2.32%
- 6M
- -11.50%
- YTD
- -6.07%
- 1Y
- 21.69%
- 3Y*
- 39.08%
- 5Y*
- 21.25%
- 10Y*
- 17.29%
NVT vs. WPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NVT nVent Electric plc | 58.14% | 51.27% | 16.63% | 55.98% | 3.32% | 67.15% | -5.68% | 17.24% | 7.52% |
WPM Wheaton Precious Metals Corp. | -6.07% | 110.52% | 15.24% | 27.91% | -7.53% | 4.22% | 41.82% | 54.62% | -4.66% |
Correlation
The correlation between NVT and WPM is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 1, 2018 | 0.13 |
The correlation between NVT and WPM shifts across timeframes, from 0.13 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NVT:
$25.99B
WPM:
$49.98B
NVT:
$2.99
WPM:
$3.96
NVT:
53.67
WPM:
27.80
NVT:
1.29
WPM:
0.74
NVT:
6.10
WPM:
18.23
NVT:
6.94
WPM:
5.40
NVT:
$4.33B
WPM:
$2.75B
NVT:
$1.60B
WPM:
$2.12B
NVT:
$857.60M
WPM:
$2.38B
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Return for Risk
NVT vs. WPM — Risk / Return Rank
NVT
WPM
NVT vs. WPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for nVent Electric plc (NVT) 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.
| NVT | WPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.19 | ||
| Sortino ratioReturn per unit of downside risk | +2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.12 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 6.74 | 0.67 | +6.07 |
| Martin ratioReturn relative to average drawdown | 20.34 | 1.59 | +18.74 |
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Drawdowns
NVT vs. WPM - Drawdown Comparison
The maximum NVT drawdown since its inception was -56.18%, which is greater than WPM's maximum drawdown of -48.64%. Use the drawdown chart below to compare losses from any high point for NVT and WPM.
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Drawdown Indicators
| NVT | WPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.18% | -48.64% | -7.54% |
Max Drawdown (1Y)Largest decline over 1 year | -17.46% | -34.92% | +17.46% |
Max Drawdown (3Y)Largest decline over 3 years | -46.67% | -34.92% | -11.75% |
Max Drawdown (5Y)Largest decline over 5 years | -46.67% | -43.29% | -3.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.64% | — |
Current DrawdownCurrent decline from peak | -12.81% | -33.39% | +20.58% |
Average DrawdownAverage peak-to-trough decline | -11.80% | -18.94% | +7.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.77% | 14.61% | -8.84% |
Volatility
NVT vs. WPM - Volatility Comparison
nVent Electric plc (NVT) has a higher volatility of 17.61% compared to Wheaton Precious Metals Corp. (WPM) at 14.50%. This indicates that NVT'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
| NVT | WPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.61% | 14.50% | +3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 33.72% | 39.79% | -6.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.68% | 46.66% | -2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.58% | 35.74% | +0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.71% | 36.80% | +1.91% |
Dividends
NVT vs. WPM - Dividend Comparison
NVT's dividend yield for the trailing twelve months is around 0.51%, less than WPM's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NVT nVent Electric plc | 0.51% | 0.78% | 1.12% | 1.18% | 1.82% | 1.84% | 3.01% | 2.74% | 1.56% | 0.00% | 0.00% |
WPM Wheaton Precious Metals Corp. | 0.65% | 0.56% | 1.10% | 1.22% | 1.54% | 1.33% | 1.01% | 1.21% | 1.84% | 1.49% | 1.09% |
Financials
NVT vs. WPM - Financials Comparison
This section allows you to compare key financial metrics between nVent Electric plc 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
NVT vs. WPM - Profitability Comparison
NVT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, nVent Electric plc reported a gross profit of 445.60M and revenue of 1.24B. Therefore, the gross margin over that period was 35.9%.
WPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
NVT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, nVent Electric plc reported an operating income of 195.70M and revenue of 1.24B, resulting in an operating margin of 15.8%.
WPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
NVT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, nVent Electric plc reported a net income of 142.40M and revenue of 1.24B, resulting in a net margin of 11.5%.
WPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
NVT and WPM have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVT has higher volatility (17.61%) compared to WPM (14.50%). In terms of maximum drawdown, NVT dropped -56.18% vs WPM's -48.64%.
NVT currently has the higher Sharpe Ratio (2.69 vs 0.50), 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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