WPM.TO vs. ^GSPC

Last updated Jun 4, 2026

WPM.TO (Wheaton Precious Metals Corp.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, WPM.TO returned 22.38%/yr vs 14.52%/yr for ^GSPC. At a 0.08 correlation, their price movements are largely independent.

Performance

WPM.TO vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Wheaton Precious Metals Corp. (WPM.TO) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WPM.TO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, WPM.TO achieves a 8.12% return, which is significantly lower than ^GSPC's 12.12% return. Over the past 10 years, WPM.TO has outperformed ^GSPC with an annualized return of 22.38%, while ^GSPC has yielded a comparatively lower 14.52% annualized return.

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%

^GSPC

• 1D: 0.00%
• 1M: 7.35%
• YTD: 12.12%
• 6M: 10.22%
• 1Y: 28.58%
• 3Y*: 22.37%
• 5Y*: 15.58%
• 10Y*: 14.52%

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

WPM.TO vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
^GSPC S&P 500 Index	11.75%	11.05%	33.90%	21.49%	-13.70%	25.75%	14.29%	22.54%	1.71%	11.82%

Correlation

The correlation between WPM.TO and ^GSPC is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009	0.08

The correlation between WPM.TO and ^GSPC shifts across timeframes, from 0.06 (10 years) to 0.16 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

WPM.TO vs. ^GSPC — Risk / Return Rank

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

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

^GSPC

^GSPC Risk / Return Rank: 73
^GSPC Sharpe Ratio Rank: 71
^GSPC Sortino Ratio Rank: 71
^GSPC Omega Ratio Rank: 72
^GSPC Calmar Ratio Rank: 67
^GSPC Martin Ratio Rank: 81

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.

WPM.TO vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM.TO) and S&P 500 Index (^GSPC). 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.

	WPM.TO	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.91	2.46	-1.55
Sortino ratio Return per unit of downside risk	1.33	3.32	-1.99
Omega ratio Gain probability vs. loss probability	1.18	1.47	-0.29
Calmar ratio Return relative to maximum drawdown	1.28	3.24	-1.96
Martin ratio Return relative to average drawdown	3.59	12.23	-8.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WPM.TO vs. ^GSPC - Sharpe Ratio Comparison

The current WPM.TO Sharpe Ratio is 0.91, which is lower than the ^GSPC Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of WPM.TO and ^GSPC, 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

	WPM.TO	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	2.46	-1.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	1.05	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.89	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.99	-0.64

Drawdowns

WPM.TO vs. ^GSPC - Drawdown Comparison

The maximum WPM.TO drawdown since its inception was -83.21%, which is greater than ^GSPC's maximum drawdown of -27.59%. Use the drawdown chart below to compare losses from any high point for WPM.TO and ^GSPC.

Drawdown Indicators

	WPM.TO	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-83.21%	-27.59%	-55.62%
Max Drawdown (1Y) Largest decline over 1 year	-30.69%	-8.86%	-21.83%
Max Drawdown (3Y) Largest decline over 3 years	-30.69%	-19.23%	-11.46%
Max Drawdown (5Y) Largest decline over 5 years	-39.04%	-22.60%	-16.44%
Max Drawdown (10Y) Largest decline over 10 years	-47.50%	-27.59%	-19.91%
Current Drawdown Current decline from peak	-23.03%	0.00%	-23.03%
Average Drawdown Average peak-to-trough decline	-24.66%	-3.51%	-21.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.92%	2.34%	+8.58%

Volatility

WPM.TO vs. ^GSPC - Volatility Comparison

Wheaton Precious Metals Corp. (WPM.TO) has a higher volatility of 16.44% compared to S&P 500 Index (^GSPC) at 2.69%. This indicates that WPM.TO's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WPM.TO	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.44%	2.69%	+13.75%
Volatility (6M) Calculated over the trailing 6-month period	36.54%	8.85%	+27.69%
Volatility (1Y) Calculated over the trailing 1-year period	43.36%	11.70%	+31.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.07%	14.99%	+18.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.06%	16.33%	+18.73%

Frequently Asked Questions

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

WPM.TO and ^GSPC have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.