WPM vs. AU
WPM (Wheaton Precious Metals Corp.) and AU (AngloGold Ashanti Limited) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, WPM returned 19.95%/yr vs 19.78%/yr for AU. A 0.71 correlation means they provide meaningful diversification when combined.
Performance
WPM vs. AU - Performance Comparison
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Returns By Period
In the year-to-date period, WPM achieves a -1.95% return, which is significantly lower than AU's 1.94% return. Both investments have delivered pretty close results over the past 10 years, with WPM having a 19.95% annualized return and AU not far behind at 19.78%.
WPM
- 1D
- -1.17%
- 1M
- -17.15%
- YTD
- -1.95%
- 6M
- 9.78%
- 1Y
- 30.34%
- 3Y*
- 38.10%
- 5Y*
- 20.76%
- 10Y*
- 19.95%
AU
- 1D
- 0.42%
- 1M
- -20.12%
- YTD
- 1.94%
- 6M
- 10.31%
- 1Y
- 93.94%
- 3Y*
- 56.64%
- 5Y*
- 34.89%
- 10Y*
- 19.78%
WPM vs. AU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WPM Wheaton Precious Metals Corp. | -1.95% | 110.52% | 15.24% | 27.91% | -7.53% | 4.22% | 41.82% | 54.62% | -10.04% | 16.41% |
AU AngloGold Ashanti Limited | 1.94% | 288.18% | 25.43% | -2.68% | -5.09% | -4.87% | 1.90% | 78.89% | 23.96% | -2.23% |
Correlation
The correlation between WPM and AU is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.71 |
The correlation between WPM and AU has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
Fundamentals
WPM:
$52.26B
AU:
$42.65B
WPM:
$3.96
AU:
$6.85
WPM:
29.02
AU:
12.32
WPM:
0.78
AU:
0.14
WPM:
19.02
AU:
3.83
WPM:
5.64
AU:
5.00
WPM:
$2.75B
AU:
$11.17B
WPM:
$2.12B
AU:
$5.82B
WPM:
$2.38B
AU:
$5.58B
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Return for Risk
WPM vs. AU — Risk / Return Rank
WPM
AU
WPM vs. AU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM) and AngloGold Ashanti Limited (AU). 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 | AU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.27 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 2.58 | -1.59 |
| Martin ratioReturn relative to average drawdown | 2.64 | 7.04 | -4.40 |
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 | AU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.64 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.72 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.40 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.14 | +0.53 |
Drawdowns
WPM vs. AU - Drawdown Comparison
The maximum WPM drawdown since its inception was -48.64%, smaller than the maximum AU drawdown of -90.12%. Use the drawdown chart below to compare losses from any high point for WPM and AU.
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Drawdown Indicators
| WPM | AU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.64% | -90.12% | +41.48% |
Max Drawdown (1Y)Largest decline over 1 year | -30.84% | -36.59% | +5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -30.84% | -38.71% | +7.87% |
Max Drawdown (5Y)Largest decline over 5 years | -43.29% | -51.75% | +8.46% |
Max Drawdown (10Y)Largest decline over 10 years | -48.64% | -67.91% | +19.27% |
Current DrawdownCurrent decline from peak | -30.47% | -32.22% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -18.85% | -46.08% | +27.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.53% | 13.40% | -1.87% |
Volatility
WPM vs. AU - Volatility Comparison
The current volatility for Wheaton Precious Metals Corp. (WPM) is 16.65%, while AngloGold Ashanti Limited (AU) has a volatility of 20.03%. This indicates that WPM experiences smaller price fluctuations and is considered to be less risky than AU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WPM | AU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.65% | 20.03% | -3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 38.92% | 45.74% | -6.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.46% | 57.81% | -12.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.33% | 48.98% | -13.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.72% | 49.72% | -13.00% |
Dividends
WPM vs. AU - Dividend Comparison
WPM's dividend yield for the trailing twelve months is around 0.63%, less than AU's 5.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AU AngloGold Ashanti Limited | 5.45% | 2.96% | 1.78% | 1.14% | 2.26% | 2.58% | 0.49% | 0.30% | 0.48% | 0.93% | 0.00% |
WPM Wheaton Precious Metals Corp. | 0.63% | 0.56% | 1.10% | 1.22% | 1.54% | 1.33% | 1.01% | 1.21% | 1.84% | 1.49% | 1.09% |
Financials
WPM vs. AU - Financials Comparison
This section allows you to compare key financial metrics between Wheaton Precious Metals Corp. and AngloGold Ashanti 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. AU - 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%.
AU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AngloGold Ashanti Limited reported a gross profit of 1.88B and revenue of 3.24B. Therefore, the gross margin over that period was 58.2%.
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%.
AU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AngloGold Ashanti Limited reported an operating income of 1.84B and revenue of 3.24B, resulting in an operating margin of 56.8%.
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%.
AU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AngloGold Ashanti Limited reported a net income of 1.28B and revenue of 3.24B, resulting in a net margin of 39.6%.
Frequently Asked Questions
WPM and AU have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AU has higher volatility (20.03%) compared to WPM (16.65%). In terms of maximum drawdown, WPM dropped -48.64% vs AU's -90.12%.
AU currently has the higher Sharpe Ratio (1.64 vs 0.67), 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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