WPM.TO vs. ABX.TO
WPM.TO (Wheaton Precious Metals Corp.) and ABX.TO (Barrick Gold Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, WPM.TO returned 21.09%/yr vs 9.59%/yr for ABX.TO. A 0.76 correlation means they provide meaningful diversification when combined.
Performance
WPM.TO vs. ABX.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WPM.TO achieves a 2.81% return, which is significantly higher than ABX.TO's -8.19% return. Over the past 10 years, WPM.TO has outperformed ABX.TO with an annualized return of 21.09%, while ABX.TO has yielded a comparatively lower 9.59% annualized return.
WPM.TO
- 1D
- -4.09%
- 1M
- -5.21%
- YTD
- 2.81%
- 6M
- -1.36%
- 1Y
- 34.37%
- 3Y*
- 44.65%
- 5Y*
- 26.38%
- 10Y*
- 21.09%
ABX.TO
- 1D
- -4.63%
- 1M
- -3.15%
- YTD
- -8.19%
- 6M
- -12.28%
- 1Y
- 90.66%
- 3Y*
- 38.85%
- 5Y*
- 19.55%
- 10Y*
- 9.59%
WPM.TO vs. ABX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WPM.TO Wheaton Precious Metals Corp. | 2.81% | 100.91% | 25.13% | 25.20% | -1.07% | 3.20% | 39.06% | 47.18% | -2.24% | 8.88% |
ABX.TO Barrick Gold Corporation | -8.19% | 173.89% | -4.69% | 5.66% | 1.28% | -13.98% | 21.72% | 31.81% | 2.67% | -14.89% |
Correlation
The correlation between WPM.TO and ABX.TO is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2006 | 0.76 |
The correlation between WPM.TO and ABX.TO has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.
Fundamentals
WPM.TO:
CA$75.25B
ABX.TO:
CA$90.80B
WPM.TO:
$3.96
ABX.TO:
$3.60
WPM.TO:
29.52
ABX.TO:
10.64
WPM.TO:
0.79
ABX.TO:
0.12
WPM.TO:
19.35
ABX.TO:
3.41
WPM.TO:
5.74
ABX.TO:
2.34
WPM.TO:
$2.74B
ABX.TO:
$19.02B
WPM.TO:
$2.12B
ABX.TO:
$10.15B
WPM.TO:
$2.37B
ABX.TO:
$12.44B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WPM.TO vs. ABX.TO — Risk / Return Rank
WPM.TO
ABX.TO
WPM.TO vs. ABX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM.TO) and Barrick Gold Corporation (ABX.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.
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.
| WPM.TO | ABX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.32 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 3.20 | -2.17 |
| Martin ratioReturn relative to average drawdown | 2.75 | 7.61 | -4.86 |
Loading charts...
Drawdowns
WPM.TO vs. ABX.TO - Drawdown Comparison
The maximum WPM.TO drawdown since its inception was -83.21%, roughly equal to the maximum ABX.TO drawdown of -84.65%. Use the drawdown chart below to compare losses from any high point for WPM.TO and ABX.TO.
Loading charts...
Drawdown Indicators
| WPM.TO | ABX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.21% | -84.65% | +1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -33.62% | -28.49% | -5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -33.62% | -28.49% | -5.13% |
Max Drawdown (5Y)Largest decline over 5 years | -39.04% | -43.11% | +4.07% |
Max Drawdown (10Y)Largest decline over 10 years | -47.50% | -56.74% | +9.24% |
Current DrawdownCurrent decline from peak | -26.80% | -23.61% | -3.19% |
Average DrawdownAverage peak-to-trough decline | -25.74% | -40.50% | +14.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.54% | 11.96% | +0.58% |
Volatility
WPM.TO vs. ABX.TO - Volatility Comparison
Wheaton Precious Metals Corp. (WPM.TO) has a higher volatility of 18.85% compared to Barrick Gold Corporation (ABX.TO) at 14.89%. This indicates that WPM.TO's price experiences larger fluctuations and is considered to be riskier than ABX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WPM.TO | ABX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.85% | 14.89% | +3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 39.47% | 35.42% | +4.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.33% | 45.54% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.80% | 34.73% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.39% | 35.90% | -0.51% |
Dividends
WPM.TO vs. ABX.TO - Dividend Comparison
WPM.TO's dividend yield for the trailing twelve months is around 0.61%, less than ABX.TO's 2.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABX.TO Barrick Gold Corporation | 2.33% | 1.22% | 2.46% | 2.27% | 4.77% | 3.96% | 1.33% | 0.60% | 1.17% | 0.72% | 0.47% | 1.43% |
WPM.TO Wheaton Precious Metals Corp. | 0.61% | 0.57% | 1.05% | 1.25% | 1.40% | 1.05% | 1.08% | 1.24% | 1.75% | 1.54% | 1.06% | 1.48% |
Financials
WPM.TO vs. ABX.TO - Financials Comparison
This section allows you to compare key financial metrics between Wheaton Precious Metals Corp. and Barrick Gold Corporation. 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
WPM.TO vs. ABX.TO - Profitability Comparison
WPM.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wheaton Precious Metals Corp. reported a gross profit of 687.49M and revenue of 886.69M. Therefore, the gross margin over that period was 77.5%.
ABX.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Barrick Gold Corporation reported a gross profit of 2.97B and revenue of 5.16B. Therefore, the gross margin over that period was 57.5%.
WPM.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wheaton Precious Metals Corp. reported an operating income of 665.21M and revenue of 886.69M, resulting in an operating margin of 75.0%.
ABX.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Barrick Gold Corporation reported an operating income of 2.93B and revenue of 5.16B, resulting in an operating margin of 56.7%.
WPM.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wheaton Precious Metals Corp. reported a net income of 572.50M and revenue of 886.69M, resulting in a net margin of 64.6%.
ABX.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Barrick Gold Corporation reported a net income of 1.58B and revenue of 5.16B, resulting in a net margin of 30.5%.
Frequently Asked Questions
WPM.TO and ABX.TO have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for WPM.TO and ABX.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer