WPM vs. GFI

Last updated Jun 9, 2026

WPM (Wheaton Precious Metals Corp.) and GFI (Gold Fields 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 26.67%/yr for GFI. A 0.69 correlation means they provide meaningful diversification when combined.

Performance

WPM vs. GFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wheaton Precious Metals Corp. (WPM) and Gold Fields Limited (GFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WPM achieves a -1.95% return, which is significantly higher than GFI's -15.43% return. Over the past 10 years, WPM has underperformed GFI with an annualized return of 19.95%, while GFI has yielded a comparatively higher 26.67% annualized return.

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%

GFI

• 1D: -2.02%
• 1M: -20.02%
• YTD: -15.43%
• 6M: -10.31%
• 1Y: 51.45%
• 3Y*: 36.70%
• 5Y*: 31.29%
• 10Y*: 26.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WPM vs. GFI - 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%
GFI Gold Fields Limited	-15.43%	240.42%	-6.27%	44.90%	-2.61%	23.33%	43.02%	89.47%	-16.75%	45.29%

Correlation

The correlation between WPM and GFI is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	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	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.69

The correlation between WPM and GFI shifts across timeframes, from 0.69 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap WPM : $52.26B GFI : $32.09B
EPS WPM : $3.96 GFI : $5.39
PE Ratio WPM : 29.02 GFI : 6.66
PEG Ratio WPM : 0.78 GFI : 0.11
PS Ratio WPM : 19.02 GFI : 2.30
PB Ratio WPM : 5.64 GFI : 3.81
Total Revenue (TTM) WPM : $2.75B GFI : $13.98B
Gross Profit (TTM) WPM : $2.12B GFI : $7.34B
EBITDA (TTM) WPM : $2.38B GFI : $8.04B

Return for Risk

WPM vs. GFI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WPM

WPM Risk / Return Rank: 62
WPM Sharpe Ratio Rank: 65
WPM Sortino Ratio Rank: 57
WPM Omega Ratio Rank: 59
WPM Calmar Ratio Rank: 63
WPM Martin Ratio Rank: 65

GFI

GFI Risk / Return Rank: 67
GFI Sharpe Ratio Rank: 69
GFI Sortino Ratio Rank: 65
GFI Omega Ratio Rank: 65
GFI Calmar Ratio Rank: 67
GFI Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WPM vs. GFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM) and Gold Fields Limited (GFI). 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	GFI	Difference
Sharpe ratio: Return per unit of total volatility	0.67	0.87	-0.20
Sortino ratio: Return per unit of downside risk	1.08	1.43	-0.35
Omega ratio: Gain probability vs. loss probability	1.15	1.19	-0.04
Calmar ratio: Return relative to maximum drawdown	0.99	1.29	-0.31
Martin ratio: Return relative to average drawdown	2.64	3.29	-0.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WPM vs. GFI - Sharpe Ratio Comparison

The current WPM Sharpe Ratio is 0.67, which is comparable to the GFI Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of WPM and GFI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WPM	GFI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	0.87	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.60	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.49	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.12	+0.55

Drawdowns

WPM vs. GFI - Drawdown Comparison

The maximum WPM drawdown since its inception was -48.64%, smaller than the maximum GFI drawdown of -88.05%. Use the drawdown chart below to compare losses from any high point for WPM and GFI.

Drawdown Indicators

	WPM	GFI	Difference
Max Drawdown Largest peak-to-trough decline	-48.64%	-88.05%	+39.41%
Max Drawdown (1Y) Largest decline over 1 year	-30.84%	-39.97%	+9.13%
Max Drawdown (3Y) Largest decline over 3 years	-30.84%	-39.97%	+9.13%
Max Drawdown (5Y) Largest decline over 5 years	-43.29%	-56.22%	+12.93%
Max Drawdown (10Y) Largest decline over 10 years	-48.64%	-63.09%	+14.45%
Current Drawdown Current decline from peak	-30.47%	-39.97%	+9.50%
Average Drawdown Average peak-to-trough decline	-18.85%	-44.26%	+25.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.53%	15.69%	-4.16%

Volatility

WPM vs. GFI - Volatility Comparison

Wheaton Precious Metals Corp. (WPM) has a higher volatility of 16.65% compared to Gold Fields Limited (GFI) at 15.34%. This indicates that WPM's price experiences larger fluctuations and is considered to be riskier than GFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WPM	GFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.65%	15.34%	+1.31%
Volatility (6M) Calculated over the trailing 6-month period	38.92%	45.82%	-6.90%
Volatility (1Y) Calculated over the trailing 1-year period	45.46%	59.39%	-13.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.33%	52.26%	-16.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.72%	54.86%	-18.14%

Dividends

WPM vs. GFI - Dividend Comparison

WPM's dividend yield for the trailing twelve months is around 0.63%, less than GFI's 5.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GFI Gold Fields Limited	5.13%	1.77%	2.94%	2.87%	3.40%	3.24%	1.72%	0.81%	1.61%	1.41%	1.35%	0.60%
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%	0.00%

Financials

WPM vs. GFI - Profitability Comparison

The chart below illustrates the profitability comparison between Wheaton Precious Metals Corp. and Gold Fields Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

GFI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gold Fields Limited reported a gross profit of 3.00B and revenue of 5.29B. Therefore, the gross margin over that period was 56.7%.

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%.

GFI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gold Fields Limited reported an operating income of 2.71B and revenue of 5.29B, resulting in an operating margin of 51.3%.

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%.

GFI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gold Fields Limited reported a net income of 2.55B and revenue of 5.29B, resulting in a net margin of 48.2%.

Frequently Asked Questions

Can I hold both WPM and GFI in my portfolio?

WPM and GFI 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.

Which is riskier, WPM or GFI?

WPM has higher volatility (16.65%) compared to GFI (15.34%). In terms of maximum drawdown, WPM dropped -48.64% vs GFI's -88.05%.

Which has better risk-adjusted returns?

GFI currently has the higher Sharpe Ratio (0.87 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.