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

WPM.TO vs. XLK

Last updated Jun 13, 2026

WPM.TO (Wheaton Precious Metals Corp.) is a stock, while XLK (State Street Technology Select Sector SPDR ETF) is Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index. Over the past 10 years, WPM.TO returned 21.58%/yr vs 26.27%/yr for XLK. At a 0.13 correlation, their price movements are largely independent.

Performance

WPM.TO vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Wheaton Precious Metals Corp. (WPM.TO) and State Street Technology Select Sector SPDR ETF (XLK). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

WPM.TO is traded in CAD, while XLK is traded in USD. To make them comparable, the XLK 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 XLK's 31.13% return. Over the past 10 years, WPM.TO has underperformed XLK with an annualized return of 21.58%, while XLK has yielded a comparatively higher 26.27% annualized 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%

XLK

1D
1.05%
1M
4.96%
YTD
31.13%
6M
30.81%
1Y
59.71%
3Y*
32.23%
5Y*
25.59%
10Y*
26.27%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WPM.TO vs. XLK - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
XLK
State Street Technology Select Sector SPDR ETF		31.13%18.92%31.93%52.31%-23.15%34.68%40.21%43.68%6.59%25.17%

Correlation

The correlation between WPM.TO and XLK 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

0.19

Correlation (5Y)
Calculated over the trailing 5-year period

0.17

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

0.13

Compare stocks, funds, or ETFs

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Wheaton Precious Metals Corp.

State Street Technology Select Sector SPDR ETF

Often compared with WPM.TO:
WPM.TO vs. FNV.TOWPM.TO vs. GLDMWPM.TO vs. AEMWPM.TO vs. CCO.TOWPM.TO vs. GOLDWPM.TO vs. AGI.TOWPM.TO vs. GLD
Often compared with XLK:
XLK vs. QQQXLK vs. VGTXLK vs. SMHXLK vs. SPYXLK vs. FTECXLK vs. XLEXLK vs. IYW

Return for Risk

WPM.TO vs. XLK — 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: 6464
Overall Rank
WPM.TO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
WPM.TO Sortino Ratio Rank: 6060
Sortino Ratio Rank
WPM.TO Omega Ratio Rank: 6262
Omega Ratio Rank
WPM.TO Calmar Ratio Rank: 6363
Calmar Ratio Rank
WPM.TO Martin Ratio Rank: 6767
Martin Ratio Rank
XLK
XLK Risk / Return Rank: 7676
Overall Rank
XLK Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
XLK Sortino Ratio Rank: 7676
Sortino Ratio Rank
XLK Omega Ratio Rank: 7878
Omega Ratio Rank
XLK Calmar Ratio Rank: 7575
Calmar Ratio Rank
XLK Martin Ratio Rank: 6868
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. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM.TO) and State Street Technology Select Sector SPDR ETF (XLK). 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.TOXLKDifference
Sharpe ratioReturn per unit of total volatility
0.73
2.51

-1.78

Sortino ratioReturn per unit of downside risk
1.15
3.10

-1.95

Omega ratioGain probability vs. loss probability

1.16

1.41

-0.25

Calmar ratioReturn relative to maximum drawdown

0.98

3.52

-2.54

Martin ratioReturn relative to average drawdown

2.77

10.37

-7.61

WPM.TO vs. XLK - Sharpe Ratio Comparison

The current WPM.TO Sharpe Ratio is 0.73, which is lower than the XLK Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of WPM.TO and XLK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

WPM.TO vs. XLK - Drawdown Comparison

The maximum WPM.TO drawdown since its inception was -83.21%, which is greater than XLK's maximum drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for WPM.TO and XLK.

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Drawdown Indicators

WPM.TOXLKDifference

Max Drawdown

Largest peak-to-trough decline

-83.21%

-38.68%

-44.53%

Max Drawdown (1Y)

Largest decline over 1 year

-33.62%

-16.16%

-17.46%

Max Drawdown (3Y)

Largest decline over 3 years

-33.62%

-26.35%

-7.27%

Max Drawdown (5Y)

Largest decline over 5 years

-39.04%

-29.64%

-9.40%

Max Drawdown (10Y)

Largest decline over 10 years

-47.50%

-29.64%

-17.86%

Current Drawdown

Current decline from peak

-28.16%

-5.87%

-22.29%

Average Drawdown

Average peak-to-trough decline

-25.72%

-7.56%

-18.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.90%

5.48%

+6.42%

Volatility

WPM.TO vs. XLK - Volatility Comparison

Wheaton Precious Metals Corp. (WPM.TO) has a higher volatility of 17.82% compared to State Street Technology Select Sector SPDR ETF (XLK) at 10.83%. This indicates that WPM.TO's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WPM.TOXLKDifference

Volatility (1M)

Calculated over the trailing 1-month period

17.82%

10.83%

+6.99%

Volatility (6M)

Calculated over the trailing 6-month period

38.20%

19.12%

+19.08%

Volatility (1Y)

Calculated over the trailing 1-year period

44.95%

22.68%

+22.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.46%

25.91%

+7.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

35.26%

25.57%

+9.69%

Dividends

WPM.TO vs. XLK - Dividend Comparison

WPM.TO's dividend yield for the trailing twelve months is around 0.62%, more than XLK's 0.41% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XLK
State Street Technology Select Sector SPDR ETF		0.41%0.54%0.66%0.76%1.04%0.65%0.92%1.16%1.60%1.37%1.74%1.79%

Frequently Asked Questions

WPM.TO and XLK 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.

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