WPM vs. DPM.TO
WPM (Wheaton Precious Metals Corp.) and DPM.TO (Dundee Precious Metals Inc.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, WPM returned 20.59%/yr vs 30.27%/yr for DPM.TO. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
WPM vs. DPM.TO - Performance Comparison
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Different Trading Currencies
WPM is traded in USD, while DPM.TO is traded in CAD. To make them comparable, the DPM.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WPM achieves a -0.90% return, which is significantly lower than DPM.TO's 3.16% return. Over the past 10 years, WPM has underperformed DPM.TO with an annualized return of 20.59%, while DPM.TO has yielded a comparatively higher 30.27% annualized return.
WPM
- 1D
- 3.05%
- 1M
- -18.24%
- YTD
- -0.90%
- 6M
- -0.91%
- 1Y
- 29.24%
- 3Y*
- 38.53%
- 5Y*
- 20.71%
- 10Y*
- 20.59%
DPM.TO
- 1D
- 0.84%
- 1M
- -8.93%
- YTD
- 3.16%
- 6M
- 8.99%
- 1Y
- 114.01%
- 3Y*
- 68.55%
- 5Y*
- 38.11%
- 10Y*
- 30.27%
WPM vs. DPM.TO - 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% |
DPM.TO Dundee Precious Metals Inc. | 3.16% | 243.85% | 44.46% | 36.71% | -19.36% | -13.14% | 70.61% | 61.66% | 10.69% | 43.02% |
Correlation
The correlation between WPM and DPM.TO is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.56 |
The correlation between WPM and DPM.TO has been stable across timeframes, ranging from 0.56 to 0.66 - a consistent structural relationship.
Fundamentals
WPM:
$52.82B
DPM.TO:
CA$9.88B
WPM:
$3.96
DPM.TO:
$2.55
WPM:
29.33
DPM.TO:
12.50
WPM:
0.78
DPM.TO:
0.13
WPM:
19.23
DPM.TO:
5.89
WPM:
5.70
DPM.TO:
2.61
WPM:
$2.75B
DPM.TO:
$1.07B
WPM:
$2.12B
DPM.TO:
$647.81M
WPM:
$2.38B
DPM.TO:
$688.93M
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Return for Risk
WPM vs. DPM.TO — Risk / Return Rank
WPM
DPM.TO
WPM vs. DPM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM) and Dundee Precious Metals Inc. (DPM.TO). 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 | DPM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.38 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 3.49 | -2.65 |
| Martin ratioReturn relative to average drawdown | 2.40 | 9.81 | -7.41 |
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Drawdowns
WPM vs. DPM.TO - Drawdown Comparison
The maximum WPM drawdown since its inception was -48.64%, smaller than the maximum DPM.TO drawdown of -94.71%. Use the drawdown chart below to compare losses from any high point for WPM and DPM.TO.
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Drawdown Indicators
| WPM | DPM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.64% | -94.71% | +46.07% |
Max Drawdown (1Y)Largest decline over 1 year | -34.92% | -32.84% | -2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -34.92% | -32.84% | -2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -43.29% | -46.66% | +3.37% |
Max Drawdown (10Y)Largest decline over 10 years | -48.64% | -52.99% | +4.35% |
Current DrawdownCurrent decline from peak | -29.73% | -26.45% | -3.28% |
Average DrawdownAverage peak-to-trough decline | -18.87% | -48.55% | +29.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.22% | 11.66% | +0.56% |
Volatility
WPM vs. DPM.TO - Volatility Comparison
The current volatility for Wheaton Precious Metals Corp. (WPM) is 16.76%, while Dundee Precious Metals Inc. (DPM.TO) has a volatility of 19.26%. This indicates that WPM experiences smaller price fluctuations and is considered to be less risky than DPM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WPM | DPM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.76% | 19.26% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 39.19% | 39.86% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.96% | 47.19% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.44% | 39.27% | -3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.78% | 47.64% | -10.86% |
Dividends
WPM vs. DPM.TO - Dividend Comparison
WPM's dividend yield for the trailing twelve months is around 0.62%, more than DPM.TO's 0.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DPM.TO Dundee Precious Metals Inc. | 0.49% | 0.52% | 1.69% | 2.52% | 2.90% | 1.53% | 1.23% | 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. DPM.TO - Financials Comparison
This section allows you to compare key financial metrics between Wheaton Precious Metals Corp. and Dundee Precious Metals 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. DPM.TO - 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%.
DPM.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dundee Precious Metals Inc. reported a gross profit of 223.10M and revenue of 310.36M. Therefore, the gross margin over that period was 71.9%.
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%.
DPM.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dundee Precious Metals Inc. reported an operating income of 183.99M and revenue of 310.36M, resulting in an operating margin of 59.3%.
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%.
DPM.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dundee Precious Metals Inc. reported a net income of 165.91M and revenue of 310.36M, resulting in a net margin of 53.5%.
Frequently Asked Questions
WPM and DPM.TO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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