SA vs. WPM
SA (Seabridge Gold Inc.) 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, SA returned 7.17%/yr vs 16.02%/yr for WPM. Their 0.71 correlation means they have sometimes moved together and sometimes differently.
Performance
SA vs. WPM - Performance Comparison
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Returns By Period
In the year-to-date period, SA achieves a -10.68% return, which is significantly lower than WPM's -4.52% return. Over the past 10 years, SA has underperformed WPM with an annualized return of 7.17%, while WPM has yielded a comparatively higher 16.02% annualized return.
SA
- 1D
- 2.40%
- 1M
- -4.31%
- 6M
- -4.96%
- YTD
- -10.68%
- 1Y
- 72.63%
- 3Y*
- 29.93%
- 5Y*
- 7.97%
- 10Y*
- 7.17%
- ALL TIME*
- 9.57%
WPM
- 1D
- 2.60%
- 1M
- -3.34%
- 6M
- -15.13%
- YTD
- -4.52%
- 1Y
- 22.24%
- 3Y*
- 37.83%
- 5Y*
- 20.79%
- 10Y*
- 16.02%
- ALL TIME*
- 24.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.84M | $12.84M | $23.34M | |
| $177.07M | $172.40M | $238.33M |
SA vs. WPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SA Seabridge Gold Inc. | -10.68% | 159.33% | -5.94% | -3.58% | -23.71% | -21.74% | 52.46% | 4.46% | 17.08% | 38.65% |
WPM Wheaton Precious Metals Corp. | -4.52% | 110.52% | 15.24% | 27.91% | -7.53% | 4.22% | 41.82% | 54.62% | -10.04% | 16.41% |
Correlation
The correlation between SA and WPM is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.71 |
The correlation between SA and WPM has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.
Fundamentals
SA:
$2.84B
WPM:
$50.80B
SA:
-CA$0.67
WPM:
$3.96
SA:
3.29
WPM:
5.49
SA:
CA$0.00
WPM:
$2.75B
SA:
-CA$90.03K
WPM:
$2.12B
SA:
-CA$31.30M
WPM:
$2.38B
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Return for Risk
SA vs. WPM — Risk / Return Rank
SA
WPM
SA vs. WPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Seabridge Gold Inc. (SA) 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.
| SA | WPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.12 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 0.60 | +1.33 |
| Martin ratioReturn relative to average drawdown | 3.81 | 1.32 | +2.50 |
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Drawdowns
SA vs. WPM - Drawdown Comparison
The maximum SA drawdown since its inception was -90.99%, which is greater than WPM's maximum drawdown of -48.64%. Use the drawdown chart below to compare losses from any high point for SA and WPM.
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Drawdown Indicators
| SA | WPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.99% | -48.64% | -42.35% |
Max Drawdown (1Y)Largest decline over 1 year | -37.92% | -37.38% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -52.51% | -37.38% | -15.13% |
Max Drawdown (5Y)Largest decline over 5 years | -56.12% | -43.29% | -12.83% |
Max Drawdown (10Y)Largest decline over 10 years | -61.10% | -48.64% | -12.46% |
Current DrawdownCurrent decline from peak | -32.83% | -32.29% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -51.17% | -19.03% | -32.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.11% | 16.93% | +2.18% |
Volatility
SA vs. WPM - Volatility Comparison
Seabridge Gold Inc. (SA) has a higher volatility of 17.16% compared to Wheaton Precious Metals Corp. (WPM) at 11.87%. This indicates that SA'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
| SA | WPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.16% | 11.87% | +5.29% |
Volatility (6M)Calculated over the trailing 6-month period | 52.50% | 37.01% | +15.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.05% | 47.24% | +20.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.32% | 35.95% | +16.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.68% | 36.83% | +14.85% |
Dividends
SA vs. WPM - Dividend Comparison
SA has not paid dividends to shareholders, while WPM's dividend yield for the trailing twelve months is around 0.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SA Seabridge Gold Inc. | 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. | 0.64% | 0.56% | 1.10% | 1.22% | 1.54% | 1.33% | 1.01% | 1.21% | 1.84% | 1.49% | 1.09% |
Financials
SA vs. WPM - Financials Comparison
This section allows you to compare key financial metrics between Seabridge Gold 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
Frequently Asked Questions
SA and WPM have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SA has higher volatility (17.16%) compared to WPM (11.87%). In terms of maximum drawdown, SA dropped -90.99% vs WPM's -48.64%.
SA currently has the higher Sharpe Ratio (1.08 vs 0.47), 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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