WPM.TO vs. LUG.TO
WPM.TO (Wheaton Precious Metals Corp.) and LUG.TO (Lundin Gold Inc.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, WPM.TO returned 20.97%/yr vs 32.96%/yr for LUG.TO. At a 0.30 correlation, their price movements are largely independent.
Performance
WPM.TO vs. LUG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, WPM.TO achieves a -0.44% return, which is significantly higher than LUG.TO's -26.55% return. Over the past 10 years, WPM.TO has underperformed LUG.TO with an annualized return of 20.97%, while LUG.TO has yielded a comparatively higher 32.96% annualized return.
WPM.TO
- 1D
- -1.07%
- 1M
- -15.56%
- YTD
- -0.44%
- 6M
- 10.42%
- 1Y
- 32.64%
- 3Y*
- 40.12%
- 5Y*
- 24.15%
- 10Y*
- 20.97%
LUG.TO
- 1D
- 0.42%
- 1M
- -13.90%
- YTD
- -26.55%
- 6M
- -23.60%
- 1Y
- 20.17%
- 3Y*
- 78.91%
- 5Y*
- 53.88%
- 10Y*
- 32.96%
WPM.TO vs. LUG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WPM.TO Wheaton Precious Metals Corp. | -0.44% | 100.91% | 25.13% | 25.20% | -1.07% | 3.20% | 39.06% | 47.18% | -2.24% | 8.88% |
LUG.TO Lundin Gold Inc. | -26.55% | 291.22% | 91.60% | 29.55% | 30.60% | -4.67% | 31.21% | 66.93% | 10.15% | -13.88% |
Correlation
The correlation between WPM.TO and LUG.TO is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2006 | 0.30 |
Over the past year, WPM.TO and LUG.TO have become more correlated (0.71) than their long-term average of 0.30, meaning their price movements have been converging.
Fundamentals
WPM.TO:
CA$72.86B
LUG.TO:
CA$19.02B
WPM.TO:
CA$3.96
LUG.TO:
CA$3.77
WPM.TO:
40.49
LUG.TO:
20.77
WPM.TO:
1.09
LUG.TO:
0.28
WPM.TO:
26.54
LUG.TO:
9.50
WPM.TO:
7.88
LUG.TO:
13.96
WPM.TO:
CA$2.74B
LUG.TO:
CA$2.00B
WPM.TO:
CA$2.12B
LUG.TO:
CA$1.41B
WPM.TO:
CA$2.37B
LUG.TO:
CA$1.43B
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Return for Risk
WPM.TO vs. LUG.TO — Risk / Return Rank
WPM.TO
LUG.TO
WPM.TO vs. LUG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM.TO) and Lundin Gold Inc. (LUG.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.
| WPM.TO | LUG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.11 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.58 | +0.49 |
| Martin ratioReturn relative to average drawdown | 2.91 | 1.50 | +1.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WPM.TO | LUG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.36 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 1.17 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.76 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.12 | +0.23 |
Drawdowns
WPM.TO vs. LUG.TO - Drawdown Comparison
The maximum WPM.TO drawdown since its inception was -83.21%, smaller than the maximum LUG.TO drawdown of -94.74%. Use the drawdown chart below to compare losses from any high point for WPM.TO and LUG.TO.
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Drawdown Indicators
| WPM.TO | LUG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.21% | -94.74% | +11.53% |
Max Drawdown (1Y)Largest decline over 1 year | -30.69% | -35.14% | +4.45% |
Max Drawdown (3Y)Largest decline over 3 years | -30.69% | -35.14% | +4.45% |
Max Drawdown (5Y)Largest decline over 5 years | -39.04% | -38.94% | -0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -47.50% | -41.84% | -5.66% |
Current DrawdownCurrent decline from peak | -29.12% | -34.86% | +5.74% |
Average DrawdownAverage peak-to-trough decline | -25.70% | -67.65% | +41.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.25% | 13.50% | -2.25% |
Volatility
WPM.TO vs. LUG.TO - Volatility Comparison
Wheaton Precious Metals Corp. (WPM.TO) and Lundin Gold Inc. (LUG.TO) have volatilities of 17.73% and 17.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WPM.TO | LUG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.73% | 17.75% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 37.89% | 41.85% | -3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.43% | 56.10% | -11.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.33% | 46.53% | -13.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.20% | 43.39% | -8.19% |
Dividends
WPM.TO vs. LUG.TO - Dividend Comparison
WPM.TO's dividend yield for the trailing twelve months is around 0.63%, less than LUG.TO's 5.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LUG.TO Lundin Gold Inc. | 5.30% | 3.35% | 2.69% | 3.26% | 1.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WPM.TO Wheaton Precious Metals Corp. | 0.63% | 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. LUG.TO - Financials Comparison
This section allows you to compare key financial metrics between Wheaton Precious Metals Corp. and Lundin Gold 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. LUG.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%.
LUG.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lundin Gold Inc. reported a gross profit of 420.70M and revenue of 567.38M. Therefore, the gross margin over that period was 74.2%.
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%.
LUG.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lundin Gold Inc. reported an operating income of 391.03M and revenue of 567.38M, resulting in an operating margin of 68.9%.
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%.
LUG.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lundin Gold Inc. reported a net income of 273.33M and revenue of 567.38M, resulting in a net margin of 48.2%.
Frequently Asked Questions
WPM.TO and LUG.TO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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