WPM vs. AEM
WPM (Wheaton Precious Metals Corp.) and AEM (Agnico Eagle Mines Limited) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, WPM returned 20.60%/yr vs 14.52%/yr for AEM. Their correlation of 0.82 suggests significant overlap in exposure.
Performance
WPM vs. AEM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WPM achieves a 3.89% return, which is significantly higher than AEM's -1.16% return. Over the past 10 years, WPM has outperformed AEM with an annualized return of 20.60%, while AEM has yielded a comparatively lower 14.52% annualized return.
WPM
- 1D
- -0.69%
- 1M
- -3.66%
- YTD
- 3.89%
- 6M
- -0.09%
- 1Y
- 37.37%
- 3Y*
- 43.24%
- 5Y*
- 23.93%
- 10Y*
- 20.60%
AEM
- 1D
- 0.11%
- 1M
- -4.92%
- YTD
- -1.16%
- 6M
- -6.98%
- 1Y
- 39.16%
- 3Y*
- 53.19%
- 5Y*
- 24.66%
- 10Y*
- 14.52%
WPM vs. AEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WPM Wheaton Precious Metals Corp. | 3.89% | 110.52% | 15.24% | 27.91% | -7.53% | 4.22% | 41.82% | 54.62% | -10.04% | 16.41% |
AEM Agnico Eagle Mines Limited | -1.16% | 119.53% | 46.04% | 8.98% | 1.08% | -22.81% | 17.39% | 54.18% | -11.51% | 10.92% |
Correlation
The correlation between WPM and AEM is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.82 |
The correlation between WPM and AEM has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
Fundamentals
WPM:
$55.38B
AEM:
$83.71B
WPM:
$3.96
AEM:
$10.60
WPM:
30.75
AEM:
15.75
WPM:
0.82
AEM:
0.25
WPM:
20.16
AEM:
6.22
WPM:
5.97
AEM:
3.19
WPM:
$2.75B
AEM:
$13.51B
WPM:
$2.12B
AEM:
$8.28B
WPM:
$2.38B
AEM:
$9.72B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WPM vs. AEM — Risk / Return Rank
WPM
AEM
WPM vs. AEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM) and Agnico Eagle Mines Limited (AEM). 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 | AEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.00 | +0.08 |
| Martin ratioReturn relative to average drawdown | 2.95 | 2.69 | +0.27 |
Loading charts...
Drawdowns
WPM vs. AEM - Drawdown Comparison
The maximum WPM drawdown since its inception was -48.64%, smaller than the maximum AEM drawdown of -90.49%. Use the drawdown chart below to compare losses from any high point for WPM and AEM.
Loading charts...
Drawdown Indicators
| WPM | AEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.64% | -90.49% | +41.85% |
Max Drawdown (1Y)Largest decline over 1 year | -34.92% | -39.39% | +4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -34.92% | -39.39% | +4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -43.29% | -41.97% | -1.32% |
Max Drawdown (10Y)Largest decline over 10 years | -48.64% | -53.86% | +5.22% |
Current DrawdownCurrent decline from peak | -26.32% | -33.68% | +7.36% |
Average DrawdownAverage peak-to-trough decline | -18.88% | -46.64% | +27.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.70% | 14.62% | -1.92% |
Volatility
WPM vs. AEM - Volatility Comparison
Wheaton Precious Metals Corp. (WPM) has a higher volatility of 17.13% compared to Agnico Eagle Mines Limited (AEM) at 15.34%. This indicates that WPM's price experiences larger fluctuations and is considered to be riskier than AEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WPM | AEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.13% | 15.34% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 39.78% | 36.50% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.68% | 44.59% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.57% | 37.08% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.85% | 37.41% | -0.56% |
Dividends
WPM vs. AEM - Dividend Comparison
WPM's dividend yield for the trailing twelve months is around 0.59%, less than AEM's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | 1.02% | 0.94% | 2.05% | 2.92% | 3.08% | 2.63% | 2.36% | 0.89% | 1.09% | 0.89% | 0.86% | 1.22% |
WPM Wheaton Precious Metals Corp. | 0.59% | 0.56% | 1.10% | 1.22% | 1.54% | 1.33% | 1.01% | 1.21% | 1.84% | 1.49% | 1.09% | 0.00% |
Financials
WPM vs. AEM - Financials Comparison
This section allows you to compare key financial metrics between Wheaton Precious Metals Corp. and Agnico Eagle Mines Limited. 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 vs. AEM - Profitability Comparison
WPM - 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 689.26M and revenue of 888.98M. Therefore, the gross margin over that period was 77.5%.
AEM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported a gross profit of 2.72B and revenue of 4.10B. Therefore, the gross margin over that period was 66.4%.
WPM - 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 666.92M and revenue of 888.98M, resulting in an operating margin of 75.0%.
AEM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported an operating income of 2.56B and revenue of 4.10B, resulting in an operating margin of 62.4%.
WPM - 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 573.98M and revenue of 888.98M, resulting in a net margin of 64.6%.
AEM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported a net income of 1.70B and revenue of 4.10B, resulting in a net margin of 41.4%.
Frequently Asked Questions
WPM and AEM have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WPM has higher volatility (17.13%) compared to AEM (15.34%). In terms of maximum drawdown, WPM dropped -48.64% vs AEM's -90.49%.
AEM currently has the higher Sharpe Ratio (0.88 vs 0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for WPM and AEM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer