WPM vs. ASM
WPM (Wheaton Precious Metals Corp.) and ASM (Avino Silver & Gold Mines Ltd.) are both stocks. Both are in the Basic Materials sector — WPM in Gold, ASM in Other Precious Metals & Mining. Over the past 10 years, WPM returned 20.59%/yr vs 11.05%/yr for ASM. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
WPM vs. ASM - Performance Comparison
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Returns By Period
In the year-to-date period, WPM achieves a -0.90% return, which is significantly lower than ASM's 2.90% return. Over the past 10 years, WPM has outperformed ASM with an annualized return of 20.59%, while ASM has yielded a comparatively lower 11.05% annualized return.
WPM
- 1D
- 3.05%
- 1M
- -10.84%
- YTD
- -0.90%
- 6M
- -0.91%
- 1Y
- 27.43%
- 3Y*
- 38.53%
- 5Y*
- 20.71%
- 10Y*
- 20.59%
ASM
- 1D
- 6.86%
- 1M
- -10.50%
- YTD
- 2.90%
- 6M
- 7.58%
- 1Y
- 79.49%
- 3Y*
- 109.07%
- 5Y*
- 37.29%
- 10Y*
- 11.05%
WPM vs. ASM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WPM Wheaton Precious Metals Corp. | -0.90% | 110.52% | 15.24% | 27.91% | -7.53% | 4.22% | 41.82% | 54.62% | -10.04% | 16.41% |
ASM Avino Silver & Gold Mines Ltd. | 2.90% | 604.88% | 68.13% | -22.95% | -21.01% | -33.77% | 124.14% | -4.92% | -54.48% | -2.19% |
Correlation
The correlation between WPM and ASM is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.56 |
The correlation between WPM and ASM shifts across timeframes, from 0.55 (10 years) to 0.72 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
WPM:
$52.82B
ASM:
$1.11B
WPM:
$3.96
ASM:
$0.23
WPM:
29.33
ASM:
28.13
WPM:
0.78
ASM:
0.08
WPM:
19.23
ASM:
9.37
WPM:
5.70
ASM:
4.02
WPM:
$2.75B
ASM:
$110.70M
WPM:
$2.12B
ASM:
$59.09M
WPM:
$2.38B
ASM:
$55.20M
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Return for Risk
WPM vs. ASM — Risk / Return Rank
WPM
ASM
WPM vs. ASM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM) and Avino Silver & Gold Mines Ltd. (ASM). 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 | ASM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.20 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 1.39 | -0.54 |
| Martin ratioReturn relative to average drawdown | 2.40 | 2.95 | -0.55 |
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Drawdowns
WPM vs. ASM - Drawdown Comparison
The maximum WPM drawdown since its inception was -48.64%, smaller than the maximum ASM drawdown of -94.10%. Use the drawdown chart below to compare losses from any high point for WPM and ASM.
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Drawdown Indicators
| WPM | ASM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.64% | -94.10% | +45.46% |
Max Drawdown (1Y)Largest decline over 1 year | -34.92% | -52.40% | +17.48% |
Max Drawdown (3Y)Largest decline over 3 years | -34.92% | -52.40% | +17.48% |
Max Drawdown (5Y)Largest decline over 5 years | -43.29% | -67.29% | +24.00% |
Max Drawdown (10Y)Largest decline over 10 years | -48.64% | -90.91% | +42.27% |
Current DrawdownCurrent decline from peak | -29.73% | -43.15% | +13.42% |
Average DrawdownAverage peak-to-trough decline | -18.87% | -63.76% | +44.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.22% | 24.57% | -12.35% |
Volatility
WPM vs. ASM - Volatility Comparison
The current volatility for Wheaton Precious Metals Corp. (WPM) is 16.76%, while Avino Silver & Gold Mines Ltd. (ASM) has a volatility of 26.77%. This indicates that WPM experiences smaller price fluctuations and is considered to be less risky than ASM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WPM | ASM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.76% | 26.77% | -10.01% |
Volatility (6M)Calculated over the trailing 6-month period | 39.19% | 65.36% | -26.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.96% | 82.16% | -36.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.44% | 66.03% | -30.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.78% | 69.72% | -32.94% |
Dividends
WPM vs. ASM - Dividend Comparison
WPM's dividend yield for the trailing twelve months is around 0.62%, while ASM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ASM Avino Silver & Gold Mines Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WPM Wheaton Precious Metals Corp. | 0.62% | 0.56% | 1.10% | 1.22% | 1.54% | 1.33% | 1.01% | 1.21% | 1.84% | 1.49% | 1.09% |
Financials
WPM vs. ASM - Financials Comparison
This section allows you to compare key financial metrics between Wheaton Precious Metals Corp. and Avino Silver & Gold Mines Ltd.. 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. ASM - 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%.
ASM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Avino Silver & Gold Mines Ltd. reported a gross profit of 25.51M and revenue of 41.41M. Therefore, the gross margin over that period was 61.6%.
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%.
ASM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Avino Silver & Gold Mines Ltd. reported an operating income of 21.76M and revenue of 41.41M, resulting in an operating margin of 52.5%.
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%.
ASM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Avino Silver & Gold Mines Ltd. reported a net income of 15.69M and revenue of 41.41M, resulting in a net margin of 37.9%.
Frequently Asked Questions
WPM and ASM have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASM has higher volatility (26.77%) compared to WPM (16.76%). In terms of maximum drawdown, WPM dropped -48.64% vs ASM's -94.10%.
ASM currently has the higher Sharpe Ratio (0.89 vs 0.64), 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.
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