WPM vs. AVPT
WPM (Wheaton Precious Metals Corp.) and AVPT (AvePoint, Inc.) are both stocks. WPM operates in Gold (Basic Materials), while AVPT operates in Software - Infrastructure (Technology). Over the past 5 years, WPM returned 20.12%/yr vs 4.31%/yr for AVPT. Their 0.13 correlation means their historical movements had little consistent relationship.
Performance
WPM vs. AVPT - Performance Comparison
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Returns By Period
In the year-to-date period, WPM achieves a -6.94% return, which is significantly lower than AVPT's -6.19% return.
WPM
- 1D
- -3.84%
- 1M
- -2.16%
- 6M
- -17.07%
- YTD
- -6.94%
- 1Y
- 19.91%
- 3Y*
- 36.80%
- 5Y*
- 20.12%
- 10Y*
- 15.55%
- ALL TIME*
- 24.12%
AVPT
- 1D
- 1.64%
- 1M
- 13.90%
- 6M
- 12.04%
- YTD
- -6.19%
- 1Y
- -31.71%
- 3Y*
- 28.30%
- 5Y*
- 4.31%
- 10Y*
- —
- ALL TIME*
- 1.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AVPT AvePoint, Inc. | $27.40M | $28.43M | $27.56M |
| $176.53M | $177.75M | $238.45M |
WPM vs. AVPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WPM Wheaton Precious Metals Corp. | -6.94% | 110.52% | 15.24% | 27.91% | -7.53% | -1.74% |
AVPT AvePoint, Inc. | -6.19% | -15.87% | 101.10% | 99.76% | -34.66% | -47.80% |
Correlation
The correlation between WPM and AVPT is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021 | 0.13 |
The correlation between WPM and AVPT shifts across timeframes, from 0.01 (1 year) to 0.13 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
WPM:
$49.51B
AVPT:
$2.76B
WPM:
$3.96
AVPT:
$0.20
WPM:
27.55
AVPT:
64.32
WPM:
0.74
AVPT:
0.42
WPM:
18.06
AVPT:
6.76
WPM:
5.35
AVPT:
6.71
WPM:
$2.75B
AVPT:
$443.68M
WPM:
$2.12B
AVPT:
$326.90M
WPM:
$2.38B
AVPT:
$53.29M
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Return for Risk
WPM vs. AVPT — Risk / Return Rank
WPM
AVPT
WPM vs. AVPT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM) and AvePoint, Inc. (AVPT). 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 | AVPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.90 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | -0.62 | +1.16 |
| Martin ratioReturn relative to average drawdown | 1.19 | -0.94 | +2.13 |
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Drawdowns
WPM vs. AVPT - Drawdown Comparison
The maximum WPM drawdown since its inception was -48.64%, smaller than the maximum AVPT drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for WPM and AVPT.
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Drawdown Indicators
| WPM | AVPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.64% | -70.21% | +21.57% |
Max Drawdown (1Y)Largest decline over 1 year | -37.38% | -51.11% | +13.73% |
Max Drawdown (3Y)Largest decline over 3 years | -37.38% | -55.03% | +17.65% |
Max Drawdown (5Y)Largest decline over 5 years | -43.29% | -66.70% | +23.41% |
Max Drawdown (10Y)Largest decline over 10 years | -48.64% | — | — |
Current DrawdownCurrent decline from peak | -34.01% | -34.82% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -19.03% | -36.49% | +17.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.81% | 35.98% | -19.17% |
Volatility
WPM vs. AVPT - Volatility Comparison
The current volatility for Wheaton Precious Metals Corp. (WPM) is 12.22%, while AvePoint, Inc. (AVPT) has a volatility of 12.93%. This indicates that WPM experiences smaller price fluctuations and is considered to be less risky than AVPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WPM | AVPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.22% | 12.93% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 39.66% | 33.51% | +6.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.09% | 46.44% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.92% | 46.30% | -10.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.82% | 46.70% | -9.88% |
Dividends
WPM vs. AVPT - Dividend Comparison
WPM's dividend yield for the trailing twelve months is around 0.66%, while AVPT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AVPT AvePoint, Inc. | 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. | 0.66% | 0.56% | 1.10% | 1.22% | 1.54% | 1.33% | 1.01% | 1.21% | 1.84% | 1.49% | 1.09% |
Financials
WPM vs. AVPT - Financials Comparison
This section allows you to compare key financial metrics between Wheaton Precious Metals Corp. and AvePoint, 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 vs. AVPT - Profitability Comparison
WPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
AVPT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, AvePoint, Inc. reported a gross profit of 85.37M and revenue of 117.24M. Therefore, the gross margin over that period was 72.8%.
WPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
AVPT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, AvePoint, Inc. reported an operating income of 12.73M and revenue of 117.24M, resulting in an operating margin of 10.9%.
WPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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%.
AVPT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, AvePoint, Inc. reported a net income of 15.25M and revenue of 117.24M, resulting in a net margin of 13.0%.
Frequently Asked Questions
WPM and AVPT have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVPT has higher volatility (12.93%) compared to WPM (12.22%). In terms of maximum drawdown, WPM dropped -48.64% vs AVPT's -70.21%.
WPM currently has the higher Sharpe Ratio (0.42 vs -0.69), 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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