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WPM.TO vs. GLDM
Performance
Return for Risk
Dividends
Drawdowns
Volatility

WPM.TO vs. GLDM

Last updated Apr 2, 2026

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.

Performance

WPM.TO vs. GLDM - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Wheaton Precious Metals Corp. (WPM.TO) and SPDR Gold MiniShares Trust (GLDM). The values are adjusted to include any dividend payments, if applicable.

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WPM.TO vs. GLDM - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
WPM.TO
Wheaton Precious Metals Corp.		18.01%100.92%25.13%25.20%-0.53%3.47%39.06%47.18%-6.63%
GLDM
SPDR Gold MiniShares Trust		11.86%56.67%38.00%10.55%6.63%-4.88%22.98%12.29%4.44%
Different Trading Currencies

WPM.TO is traded in CAD, while GLDM is traded in USD. To make them comparable, the GLDM 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 18.01% return, which is significantly higher than GLDM's 11.86% return.

WPM.TO

1D
4.12%
1M
-15.98%
YTD
18.01%
6M
22.71%
1Y
74.11%
3Y*
44.37%
5Y*
32.25%
10Y*
26.10%

GLDM

1D
1.60%
1M
-9.20%
YTD
11.86%
6M
22.83%
1Y
48.27%
3Y*
35.34%
5Y*
24.86%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Wheaton Precious Metals Corp.

SPDR Gold MiniShares Trust

Often compared with WPM.TO:
WPM.TO vs. FNV.TOWPM.TO vs. AEMWPM.TO vs. CCO.TOWPM.TO vs. GOLDWPM.TO vs. GLDWPM.TO vs. AGI.TOWPM.TO vs. ^GSPC
Often compared with GLDM:
GLDM vs. GLDGLDM vs. IAUGLDM vs. IAUMGLDM vs. GDXGLDM vs. SGOLGLDM vs. VOOGLDM vs. AAAU

Return for Risk

WPM.TO vs. GLDM — 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: 8383
Overall Rank
WPM.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
WPM.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
WPM.TO Omega Ratio Rank: 8181
Omega Ratio Rank
WPM.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
WPM.TO Martin Ratio Rank: 8686
Martin Ratio Rank
GLDM
GLDM Risk / Return Rank: 8686
Overall Rank
GLDM Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
GLDM Sortino Ratio Rank: 8585
Sortino Ratio Rank
GLDM Omega Ratio Rank: 8585
Omega Ratio Rank
GLDM Calmar Ratio Rank: 8686
Calmar Ratio Rank
GLDM Martin Ratio Rank: 8484
Martin Ratio Rank
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. GLDM - Risk-Adjusted Trends 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.

WPM.TOGLDMDifference

Sharpe ratio

Return per unit of total volatility

1.75

1.87

-0.12

Sortino ratio

Return per unit of downside risk

2.05

2.32

-0.27

Omega ratio

Gain probability vs. loss probability

1.30

1.35

-0.04

Calmar ratio

Return relative to maximum drawdown

2.34

2.74

-0.40

Martin ratio

Return relative to average drawdown

8.89

9.49

-0.59

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. GLDM - Sharpe Ratio Comparison

The current WPM.TO Sharpe Ratio is 1.75, which is comparable to the GLDM Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of WPM.TO and GLDM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

WPM.TOGLDMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.75

1.87

-0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

1.51

-0.51

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.75

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.35

1.20

-0.84

Correlation

The correlation between WPM.TO and GLDM is 0.58, 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.

Dividends

WPM.TO vs. GLDM - Dividend Comparison

WPM.TO's dividend yield for the trailing twelve months is around 0.50%, while GLDM has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
WPM.TO
Wheaton Precious Metals Corp.		0.50%0.57%1.05%1.25%1.83%1.31%1.08%1.24%1.75%1.54%1.06%1.77%
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 -22.74%. Use the drawdown chart below to compare losses from any high point for WPM.TO and GLDM.

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Drawdown Indicators

WPM.TOGLDMDifference

Max Drawdown

Largest peak-to-trough decline

-83.21%

-21.63%

-61.58%

Max Drawdown (1Y)

Largest decline over 1 year

-30.69%

-19.14%

-11.55%

Max Drawdown (5Y)

Largest decline over 5 years

-39.04%

-20.92%

-18.12%

Max Drawdown (10Y)

Largest decline over 10 years

-47.50%

—

—

Current Drawdown

Current decline from peak

-15.98%

-11.68%

-4.30%

Average Drawdown

Average peak-to-trough decline

-24.72%

-6.05%

-18.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.07%

5.22%

+2.85%

Volatility

WPM.TO vs. GLDM - Volatility Comparison

Wheaton Precious Metals Corp. (WPM.TO) has a higher volatility of 16.25% compared to SPDR Gold MiniShares Trust (GLDM) at 10.16%. 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.

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Volatility by Period

WPM.TOGLDMDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.25%

10.16%

+6.09%

Volatility (6M)

Calculated over the trailing 6-month period

35.71%

23.07%

+12.64%

Volatility (1Y)

Calculated over the trailing 1-year period

42.61%

25.92%

+16.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.27%

16.54%

+15.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

35.15%

16.09%

+19.06%