WPM vs. FNV
Compare and contrast key facts about Wheaton Precious Metals Corp. (WPM) and Franco-Nevada Corporation (FNV).
Performance
WPM vs. FNV - Performance Comparison
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WPM vs. FNV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WPM Wheaton Precious Metals Corp. | 11.65% | 110.52% | 15.24% | 27.91% | -7.53% | 4.22% | 41.82% | 54.62% | -10.04% | 16.41% |
FNV Franco-Nevada Corporation | 19.38% | 77.81% | 7.41% | -17.96% | -0.39% | 11.57% | 22.31% | 48.92% | -11.00% | 35.45% |
Fundamentals
WPM:
$59.59B
FNV:
$47.63B
WPM:
$3.26
FNV:
$5.79
WPM:
40.25
FNV:
42.64
WPM:
1.08
FNV:
0.89
WPM:
25.59
FNV:
26.04
WPM:
6.87
FNV:
6.25
WPM:
$2.33B
FNV:
$1.83B
WPM:
$1.75B
FNV:
$1.35B
WPM:
$2.02B
FNV:
$1.72B
Returns By Period
In the year-to-date period, WPM achieves a 11.65% return, which is significantly lower than FNV's 19.38% return. Over the past 10 years, WPM has outperformed FNV with an annualized return of 24.70%, while FNV has yielded a comparatively lower 16.26% annualized return.
WPM
- 1D
- 6.08%
- 1M
- -19.82%
- YTD
- 11.65%
- 6M
- 17.51%
- 1Y
- 70.29%
- 3Y*
- 40.98%
- 5Y*
- 28.33%
- 10Y*
- 24.70%
FNV
- 1D
- 5.76%
- 1M
- -11.81%
- YTD
- 19.38%
- 6M
- 11.22%
- 1Y
- 58.02%
- 3Y*
- 20.43%
- 5Y*
- 14.88%
- 10Y*
- 16.26%
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Return for Risk
WPM vs. FNV — Risk / Return Rank
WPM
FNV
WPM vs. FNV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM) and Franco-Nevada Corporation (FNV). 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 | FNV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 1.58 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.91 | 1.97 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.92 | -0.58 |
Martin ratioReturn relative to average drawdown | 8.83 | 7.64 | +1.20 |
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 | FNV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.58 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.50 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.54 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.48 | +0.26 |
Correlation
The correlation between WPM and FNV is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
WPM vs. FNV - Dividend Comparison
WPM's dividend yield for the trailing twelve months is around 0.65%, more than FNV's 0.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WPM Wheaton Precious Metals Corp. | 0.65% | 0.56% | 1.10% | 1.22% | 1.54% | 1.33% | 1.01% | 1.21% | 1.84% | 1.49% | 1.09% | 0.00% |
FNV Franco-Nevada Corporation | 0.64% | 0.73% | 1.22% | 1.23% | 0.94% | 1.10% | 0.82% | 0.96% | 1.35% | 1.14% | 1.46% | 1.81% |
Drawdowns
WPM vs. FNV - Drawdown Comparison
The maximum WPM drawdown since its inception was -48.64%, smaller than the maximum FNV drawdown of -58.76%. Use the drawdown chart below to compare losses from any high point for WPM and FNV.
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Drawdown Indicators
| WPM | FNV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.64% | -58.76% | +10.12% |
Max Drawdown (1Y)Largest decline over 1 year | -30.84% | -20.62% | -10.22% |
Max Drawdown (5Y)Largest decline over 5 years | -43.29% | -37.12% | -6.17% |
Max Drawdown (10Y)Largest decline over 10 years | -48.64% | -37.12% | -11.52% |
Current DrawdownCurrent decline from peak | -20.82% | -11.88% | -8.94% |
Average DrawdownAverage peak-to-trough decline | -18.86% | -13.95% | -4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.16% | 7.88% | +0.28% |
Volatility
WPM vs. FNV - Volatility Comparison
Wheaton Precious Metals Corp. (WPM) has a higher volatility of 17.87% compared to Franco-Nevada Corporation (FNV) at 13.59%. This indicates that WPM's price experiences larger fluctuations and is considered to be riskier than FNV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WPM | FNV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.87% | 13.59% | +4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 37.02% | 29.69% | +7.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.42% | 36.92% | +7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.45% | 29.81% | +4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.81% | 30.40% | +6.41% |
Financials
WPM vs. FNV - Financials Comparison
This section allows you to compare key financial metrics between Wheaton Precious Metals Corp. and Franco-Nevada Corporation. 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. FNV - Profitability Comparison
WPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Wheaton Precious Metals Corp. reported a gross profit of 673.37M and revenue of 878.01M. Therefore, the gross margin over that period was 76.7%.
FNV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Franco-Nevada Corporation reported a gross profit of 465.85M and revenue of 604.86M. Therefore, the gross margin over that period was 77.0%.
WPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Wheaton Precious Metals Corp. reported an operating income of 660.02M and revenue of 878.01M, resulting in an operating margin of 75.2%.
FNV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Franco-Nevada Corporation reported an operating income of 457.32M and revenue of 604.86M, resulting in an operating margin of 75.6%.
WPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Wheaton Precious Metals Corp. reported a net income of 566.83M and revenue of 878.01M, resulting in a net margin of 64.6%.
FNV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Franco-Nevada Corporation reported a net income of 373.35M and revenue of 604.86M, resulting in a net margin of 61.7%.