PPTA.TO vs. WPM.TO

Last updated Jun 4, 2026

PPTA.TO (Perpetua Resources Corp.) and WPM.TO (Wheaton Precious Metals Corp.) are both stocks. Both are in the Basic Materials sector — PPTA.TO in Other Precious Metals & Mining, WPM.TO in Gold. Over the past 10 years, PPTA.TO returned 16.29%/yr vs 22.38%/yr for WPM.TO. At a 0.39 correlation, their price movements are largely independent.

Performance

PPTA.TO vs. WPM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Perpetua Resources Corp. (PPTA.TO) and Wheaton Precious Metals Corp. (WPM.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPTA.TO achieves a 3.43% return, which is significantly lower than WPM.TO's 8.12% return. Over the past 10 years, PPTA.TO has underperformed WPM.TO with an annualized return of 16.29%, while WPM.TO has yielded a comparatively higher 22.38% annualized return.

PPTA.TO

• 1D: -5.11%
• 1M: -6.27%
• YTD: 3.43%
• 6M: -0.61%
• 1Y: 44.47%
• 3Y*: 73.77%
• 5Y*: 30.47%
• 10Y*: 16.29%

WPM.TO

• 1D: -3.52%
• 1M: 3.05%
• YTD: 8.12%
• 6M: 15.76%
• 1Y: 39.10%
• 3Y*: 43.22%
• 5Y*: 25.93%
• 10Y*: 22.38%

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

PPTA.TO vs. WPM.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PPTA.TO Perpetua Resources Corp.	3.43%	116.34%	266.59%	6.08%	-34.49%	-50.57%	93.65%	-34.38%	62.71%	-32.18%
WPM.TO Wheaton Precious Metals Corp.	8.12%	100.92%	25.13%	25.20%	-0.53%	3.47%	39.06%	47.18%	-2.24%	8.88%

Correlation

The correlation between PPTA.TO and WPM.TO is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jul 15, 2011	0.39

The correlation between PPTA.TO and WPM.TO shifts across timeframes, from 0.38 (10 years) to 0.59 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PPTA.TO : CA$4.29B WPM.TO : CA$79.13B
EPS PPTA.TO : -CA$1.36 WPM.TO : CA$3.96
PB Ratio PPTA.TO : 5.26 WPM.TO : 8.55
Total Revenue (TTM) PPTA.TO : CA$0.00 WPM.TO : CA$2.74B
Gross Profit (TTM) PPTA.TO : -CA$261.74K WPM.TO : CA$2.12B
EBITDA (TTM) PPTA.TO : -CA$156.11M WPM.TO : CA$2.37B

Return for Risk

PPTA.TO vs. WPM.TO — Risk / Return Rank

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

PPTA.TO

PPTA.TO Risk / Return Rank: 62
PPTA.TO Sharpe Ratio Rank: 61
PPTA.TO Sortino Ratio Rank: 60
PPTA.TO Omega Ratio Rank: 59
PPTA.TO Calmar Ratio Rank: 67
PPTA.TO Martin Ratio Rank: 65

WPM.TO

WPM.TO Risk / Return Rank: 65
WPM.TO Sharpe Ratio Rank: 68
WPM.TO Sortino Ratio Rank: 61
WPM.TO Omega Ratio Rank: 62
WPM.TO Calmar Ratio Rank: 65
WPM.TO Martin Ratio Rank: 69

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.

PPTA.TO vs. WPM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Perpetua Resources Corp. (PPTA.TO) and Wheaton Precious Metals Corp. (WPM.TO). 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.

	PPTA.TO	WPM.TO	Difference
Sharpe ratio Return per unit of total volatility	0.60	0.91	-0.30
Sortino ratio Return per unit of downside risk	1.23	1.33	-0.10
Omega ratio Gain probability vs. loss probability	1.16	1.18	-0.02
Calmar ratio Return relative to maximum drawdown	1.34	1.28	+0.06
Martin ratio Return relative to average drawdown	2.72	3.59	-0.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PPTA.TO vs. WPM.TO - Sharpe Ratio Comparison

The current PPTA.TO Sharpe Ratio is 0.60, which is lower than the WPM.TO Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of PPTA.TO and WPM.TO, 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

	PPTA.TO	WPM.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	0.91	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.79	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	0.64	-0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.35	-0.28

Drawdowns

PPTA.TO vs. WPM.TO - Drawdown Comparison

The maximum PPTA.TO drawdown since its inception was -95.15%, which is greater than WPM.TO's maximum drawdown of -83.21%. Use the drawdown chart below to compare losses from any high point for PPTA.TO and WPM.TO.

Drawdown Indicators

	PPTA.TO	WPM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-95.15%	-83.21%	-11.94%
Max Drawdown (1Y) Largest decline over 1 year	-33.39%	-30.69%	-2.70%
Max Drawdown (3Y) Largest decline over 3 years	-42.23%	-30.69%	-11.54%
Max Drawdown (5Y) Largest decline over 5 years	-79.37%	-39.04%	-40.33%
Max Drawdown (10Y) Largest decline over 10 years	-88.13%	-47.50%	-40.63%
Current Drawdown Current decline from peak	-32.46%	-23.03%	-9.43%
Average Drawdown Average peak-to-trough decline	-74.92%	-24.66%	-50.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.42%	10.92%	+5.50%

Volatility

PPTA.TO vs. WPM.TO - Volatility Comparison

Perpetua Resources Corp. (PPTA.TO) has a higher volatility of 26.37% compared to Wheaton Precious Metals Corp. (WPM.TO) at 16.44%. This indicates that PPTA.TO's price experiences larger fluctuations and is considered to be riskier than WPM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPTA.TO	WPM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.37%	16.44%	+9.93%
Volatility (6M) Calculated over the trailing 6-month period	55.15%	36.54%	+18.61%
Volatility (1Y) Calculated over the trailing 1-year period	75.98%	43.36%	+32.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.80%	33.07%	+37.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.72%	35.06%	+36.66%

Dividends

PPTA.TO vs. WPM.TO - Dividend Comparison

PPTA.TO has not paid dividends to shareholders, while WPM.TO's dividend yield for the trailing twelve months is around 0.58%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PPTA.TO Perpetua Resources Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WPM.TO Wheaton Precious Metals Corp.	0.58%	0.57%	1.05%	1.25%	1.83%	1.31%	1.08%	1.24%	1.75%	1.54%	1.06%	1.77%

Financials

Frequently Asked Questions

Can I hold both PPTA.TO and WPM.TO in my portfolio?

PPTA.TO and WPM.TO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.