WPM.TO vs. GLDM
Compare and contrast key facts about Wheaton Precious Metals Corp. (WPM.TO) and SPDR Gold MiniShares Trust (GLDM).
GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WPM.TO or GLDM.
Key characteristics
| WPM.TO | GLDM | |
|---|---|---|
| YTD Return | 38.89% | 30.07% |
| 1Y Return | 53.44% | 37.03% |
| 3Y Return (Ann) | 21.34% | 13.51% |
| 5Y Return (Ann) | 22.41% | 12.86% |
| Sharpe Ratio | 2.03 | 2.60 |
| Sortino Ratio | 2.59 | 3.43 |
| Omega Ratio | 1.34 | 1.45 |
| Calmar Ratio | 2.08 | 5.65 |
| Martin Ratio | 9.17 | 17.19 |
| Ulcer Index | 6.06% | 2.19% |
| Daily Std Dev | 27.40% | 14.43% |
| Max Drawdown | -83.21% | -21.63% |
| Current Drawdown | -4.73% | -3.66% |
Correlation
The correlation between WPM.TO and GLDM is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WPM.TO vs. GLDM - Performance Comparison
In the year-to-date period, WPM.TO achieves a 38.89% return, which is significantly higher than GLDM's 30.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
WPM.TO vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM.TO) and SPDR Gold MiniShares Trust (GLDM). 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.
Dividends
WPM.TO vs. GLDM - Dividend Comparison
WPM.TO's dividend yield for the trailing twelve months is around 0.68%, while GLDM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WPM.TO Wheaton Precious Metals Corp. | 0.68% | 0.92% | 1.50% | 1.05% | 0.79% | 0.93% | 1.35% | 1.19% | 0.81% | 1.51% | 1.42% | 2.10% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WPM.TO vs. GLDM - Drawdown Comparison
The maximum WPM.TO drawdown since its inception was -83.21%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for WPM.TO and GLDM. For additional features, visit the drawdowns tool.
Volatility
WPM.TO vs. GLDM - Volatility Comparison
Wheaton Precious Metals Corp. (WPM.TO) has a higher volatility of 8.83% compared to SPDR Gold MiniShares Trust (GLDM) at 4.85%. This indicates that WPM.TO's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.