WPM.TO vs. DBMF

Last updated Jun 13, 2026

WPM.TO (Wheaton Precious Metals Corp.) is a stock, while DBMF (iMGP DBi Managed Futures Strategy ETF) is Systematic Trend fund actively managed by iM Global Partners. Over the past 5 years, WPM.TO returned 24.07%/yr vs 11.17%/yr for DBMF. At a 0.11 correlation, their price movements are largely independent.

Performance

WPM.TO vs. DBMF - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Wheaton Precious Metals Corp. (WPM.TO) and iMGP DBi Managed Futures Strategy ETF (DBMF). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WPM.TO is traded in CAD, while DBMF is traded in USD. To make them comparable, the DBMF 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 0.91% return, which is significantly lower than DBMF's 12.50% return.

WPM.TO

• 1D: 3.30%
• 1M: -14.91%
• YTD: 0.91%
• 6M: 0.67%
• 1Y: 31.15%
• 3Y*: 40.83%
• 5Y*: 24.07%
• 10Y*: 21.58%

DBMF

• 1D: 0.44%
• 1M: 0.58%
• YTD: 12.50%
• 6M: 12.83%
• 1Y: 30.45%
• 3Y*: 11.28%
• 5Y*: 11.17%
• 10Y*: —

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

WPM.TO vs. DBMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WPM.TO Wheaton Precious Metals Corp.	0.91%	100.91%	25.13%	25.20%	-1.07%	3.20%	39.06%	38.06%
DBMF iMGP DBi Managed Futures Strategy ETF	12.50%	8.65%	16.32%	-11.10%	29.31%	11.44%	-0.61%	7.16%

Correlation

The correlation between WPM.TO and DBMF is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (All Time) Calculated using the full available price history since May 8, 2019	0.11

The correlation between WPM.TO and DBMF shifts across timeframes, from 0.03 (5 years) to 0.22 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

WPM.TO vs. DBMF — 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: 64
WPM.TO Sharpe Ratio Rank: 67
WPM.TO Sortino Ratio Rank: 60
WPM.TO Omega Ratio Rank: 62
WPM.TO Calmar Ratio Rank: 63
WPM.TO Martin Ratio Rank: 67

DBMF

DBMF Risk / Return Rank: 84
DBMF Sharpe Ratio Rank: 81
DBMF Sortino Ratio Rank: 76
DBMF Omega Ratio Rank: 87
DBMF Calmar Ratio Rank: 88
DBMF Martin Ratio Rank: 87

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. DBMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM.TO) and iMGP DBi Managed Futures Strategy ETF (DBMF). 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	DBMF	Difference
Sharpe ratio: Return per unit of total volatility	0.73	2.30	-1.56
Sortino ratio: Return per unit of downside risk	1.15	3.05	-1.89
Omega ratio: Gain probability vs. loss probability	1.16	1.44	-0.28
Calmar ratio: Return relative to maximum drawdown	0.98	5.17	-4.19
Martin ratio: Return relative to average drawdown	2.77	18.92	-16.16

WPM.TO vs. DBMF - Sharpe Ratio Comparison

The current WPM.TO Sharpe Ratio is 0.73, which is lower than the DBMF Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of WPM.TO and DBMF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WPM.TO vs. DBMF - Drawdown Comparison

The maximum WPM.TO drawdown since its inception was -83.21%, which is greater than DBMF's maximum drawdown of -21.87%. Use the drawdown chart below to compare losses from any high point for WPM.TO and DBMF.

Drawdown Indicators

	WPM.TO	DBMF	Difference
Max Drawdown Largest peak-to-trough decline	-83.21%	-21.87%	-61.34%
Max Drawdown (1Y) Largest decline over 1 year	-33.62%	-5.87%	-27.75%
Max Drawdown (3Y) Largest decline over 3 years	-33.62%	-13.28%	-20.34%
Max Drawdown (5Y) Largest decline over 5 years	-39.04%	-21.87%	-17.17%
Max Drawdown (10Y) Largest decline over 10 years	-47.50%	—	—
Current Drawdown Current decline from peak	-28.16%	-1.00%	-27.16%
Average Drawdown Average peak-to-trough decline	-25.72%	-7.44%	-18.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.90%	1.60%	+10.30%

Volatility

WPM.TO vs. DBMF - Volatility Comparison

Wheaton Precious Metals Corp. (WPM.TO) has a higher volatility of 17.82% compared to iMGP DBi Managed Futures Strategy ETF (DBMF) at 2.95%. This indicates that WPM.TO's price experiences larger fluctuations and is considered to be riskier than DBMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WPM.TO	DBMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.82%	2.95%	+14.87%
Volatility (6M) Calculated over the trailing 6-month period	38.20%	10.89%	+27.31%
Volatility (1Y) Calculated over the trailing 1-year period	44.95%	13.21%	+31.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.46%	14.04%	+19.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.26%	14.05%	+21.21%

Dividends

WPM.TO vs. DBMF - Dividend Comparison

WPM.TO's dividend yield for the trailing twelve months is around 0.62%, less than DBMF's 5.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBMF iMGP DBi Managed Futures Strategy ETF	5.19%	5.91%	5.75%	2.91%	7.72%	10.38%	0.86%	9.35%	0.00%	0.00%	0.00%	0.00%
WPM.TO Wheaton Precious Metals Corp.	0.62%	0.57%	1.05%	1.25%	1.40%	1.05%	1.08%	1.24%	1.75%	1.54%	1.06%	1.48%

Frequently Asked Questions

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

WPM.TO and DBMF have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.