WPM.TO vs. ^GSPC

Last updated Apr 1, 2026

Compare and contrast key facts about Wheaton Precious Metals Corp. (WPM.TO) and S&P 500 Index (^GSPC).

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.

WPM.TO vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WPM.TO Wheaton Precious Metals Corp.	13.16%	100.92%	25.13%	25.20%	-0.53%	3.47%	39.06%	47.18%	-2.24%	8.88%
^GSPC S&P 500 Index	-3.34%	11.05%	33.90%	21.49%	-13.70%	25.75%	14.29%	22.54%	1.71%	11.82%

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 13.16% return, which is significantly higher than ^GSPC's -3.34% return. Over the past 10 years, WPM.TO has outperformed ^GSPC with an annualized return of 25.58%, while ^GSPC has yielded a comparatively lower 12.91% annualized return.

WPM.TO

• 1D: 5.98%
• 1M: -17.85%
• YTD: 13.16%
• 6M: 17.43%
• 1Y: 64.73%
• 3Y*: 42.36%
• 5Y*: 31.15%
• 10Y*: 25.58%

^GSPC

• 1D: 2.80%
• 1M: -3.22%
• YTD: -3.34%
• 6M: -2.48%
• 1Y: 12.46%
• 3Y*: 17.80%
• 5Y*: 12.48%
• 10Y*: 12.91%

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

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: 81
WPM.TO Sharpe Ratio Rank: 85
WPM.TO Sortino Ratio Rank: 76
WPM.TO Omega Ratio Rank: 80
WPM.TO Calmar Ratio Rank: 79
WPM.TO Martin Ratio Rank: 86

^GSPC

^GSPC Risk / Return Rank: 74
^GSPC Sharpe Ratio Rank: 69
^GSPC Sortino Ratio Rank: 68
^GSPC Omega Ratio Rank: 76
^GSPC Calmar Ratio Rank: 73
^GSPC Martin Ratio Rank: 85

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	1.53	0.69	+0.84
Sortino ratio Return per unit of downside risk	1.87	1.06	+0.81
Omega ratio Gain probability vs. loss probability	1.28	1.17	+0.11
Calmar ratio Return relative to maximum drawdown	2.19	1.14	+1.05
Martin ratio Return relative to average drawdown	8.38	4.22	+4.17
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 1.53, which is higher than the ^GSPC Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of WPM.TO and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WPM.TO	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	0.69	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	0.84	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.79	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.91	-0.56

Correlation

The correlation between WPM.TO and ^GSPC is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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%	-56.78%	-26.43%
Max Drawdown (1Y) Largest decline over 1 year	-30.69%	-12.14%	-18.55%
Max Drawdown (5Y) Largest decline over 5 years	-39.04%	-25.43%	-13.61%
Max Drawdown (10Y) Largest decline over 10 years	-47.50%	-33.92%	-13.58%
Current Drawdown Current decline from peak	-19.43%	-6.45%	-12.98%
Average Drawdown Average peak-to-trough decline	-24.72%	-10.75%	-13.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.01%	2.57%	+5.44%

Volatility

WPM.TO vs. ^GSPC - Volatility Comparison

Wheaton Precious Metals Corp. (WPM.TO) has a higher volatility of 17.67% compared to S&P 500 Index (^GSPC) at 5.28%. 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	17.67%	5.28%	+12.39%
Volatility (6M) Calculated over the trailing 6-month period	35.49%	9.61%	+25.88%
Volatility (1Y) Calculated over the trailing 1-year period	42.43%	18.14%	+24.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.27%	14.99%	+17.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.13%	16.33%	+18.80%