WPM.TO vs. IDXX
WPM.TO (Wheaton Precious Metals Corp.) and IDXX (IDEXX Laboratories, Inc.) are both stocks. WPM.TO operates in Gold (Basic Materials), while IDXX operates in Diagnostics & Research (Healthcare). Over the past 10 years, WPM.TO returned 21.58%/yr vs 21.18%/yr for IDXX. At a 0.10 correlation, their price movements are largely independent.
Performance
WPM.TO vs. IDXX - Performance Comparison
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Different Trading Currencies
WPM.TO is traded in CAD, while IDXX is traded in USD. To make them comparable, the IDXX 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 higher than IDXX's -15.33% return. Both investments have delivered pretty close results over the past 10 years, with WPM.TO having a 21.58% annualized return and IDXX not far behind at 21.18%.
WPM.TO
- 1D
- 3.30%
- 1M
- -16.56%
- YTD
- 0.91%
- 6M
- 0.67%
- 1Y
- 32.82%
- 3Y*
- 40.83%
- 5Y*
- 24.07%
- 10Y*
- 21.58%
IDXX
- 1D
- 0.82%
- 1M
- 8.33%
- YTD
- -15.33%
- 6M
- -19.13%
- 1Y
- 8.95%
- 3Y*
- 7.81%
- 5Y*
- 2.11%
- 10Y*
- 21.18%
WPM.TO vs. IDXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WPM.TO Wheaton Precious Metals Corp. | 0.91% | 100.91% | 25.13% | 25.20% | -1.07% | 3.20% | 39.06% | 47.18% | -2.24% | 8.88% |
IDXX IDEXX Laboratories, Inc. | -15.33% | 56.16% | -19.21% | 32.82% | -34.12% | 31.66% | 86.88% | 34.59% | 28.96% | 24.32% |
Correlation
The correlation between WPM.TO and IDXX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.10 |
Fundamentals
WPM.TO:
$3.96
IDXX:
$18.08
WPM.TO:
29.36
IDXX:
31.03
WPM.TO:
0.79
IDXX:
2.68
WPM.TO:
19.24
IDXX:
7.64
WPM.TO:
$2.74B
IDXX:
$4.45B
WPM.TO:
$2.12B
IDXX:
$2.76B
WPM.TO:
$2.37B
IDXX:
$1.52B
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Return for Risk
WPM.TO vs. IDXX — Risk / Return Rank
WPM.TO
IDXX
WPM.TO vs. IDXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM.TO) and IDEXX Laboratories, Inc. (IDXX). 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 | IDXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.10 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 0.27 | +0.71 |
| Martin ratioReturn relative to average drawdown | 2.77 | 0.54 | +2.23 |
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Drawdowns
WPM.TO vs. IDXX - Drawdown Comparison
The maximum WPM.TO drawdown since its inception was -83.21%, which is greater than IDXX's maximum drawdown of -52.40%. Use the drawdown chart below to compare losses from any high point for WPM.TO and IDXX.
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Drawdown Indicators
| WPM.TO | IDXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.21% | -52.40% | -30.81% |
Max Drawdown (1Y)Largest decline over 1 year | -33.62% | -33.06% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -33.62% | -34.35% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -39.04% | -52.40% | +13.36% |
Max Drawdown (10Y)Largest decline over 10 years | -47.50% | -52.40% | +4.90% |
Current DrawdownCurrent decline from peak | -28.16% | -27.48% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -25.72% | -12.37% | -13.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.90% | 16.66% | -4.76% |
Volatility
WPM.TO vs. IDXX - Volatility Comparison
Wheaton Precious Metals Corp. (WPM.TO) has a higher volatility of 17.82% compared to IDEXX Laboratories, Inc. (IDXX) at 8.24%. This indicates that WPM.TO's price experiences larger fluctuations and is considered to be riskier than IDXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WPM.TO | IDXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.82% | 8.24% | +9.58% |
Volatility (6M)Calculated over the trailing 6-month period | 38.20% | 20.61% | +17.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.95% | 41.36% | +3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.46% | 35.59% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.26% | 33.55% | +1.71% |
Dividends
WPM.TO vs. IDXX - Dividend Comparison
WPM.TO's dividend yield for the trailing twelve months is around 0.62%, while IDXX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDXX IDEXX Laboratories, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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% |
Financials
WPM.TO vs. IDXX - Financials Comparison
This section allows you to compare key financial metrics between Wheaton Precious Metals Corp. and IDEXX Laboratories, Inc.. 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. IDXX - 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%.
IDXX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IDEXX Laboratories, Inc. reported a gross profit of 722.74M and revenue of 1.14B. Therefore, the gross margin over that period was 63.4%.
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%.
IDXX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IDEXX Laboratories, Inc. reported an operating income of 362.59M and revenue of 1.14B, resulting in an operating margin of 31.8%.
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%.
IDXX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IDEXX Laboratories, Inc. reported a net income of 278.45M and revenue of 1.14B, resulting in a net margin of 24.4%.
Frequently Asked Questions
WPM.TO and IDXX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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