WPM vs. GOOGL
WPM (Wheaton Precious Metals Corp.) and GOOGL (Alphabet Inc. Class A) are both stocks. WPM operates in Gold (Basic Materials), while GOOGL operates in Internet Content & Information (Communication Services). Over the past 10 years, WPM returned 20.59%/yr vs 25.76%/yr for GOOGL. At a 0.15 correlation, their price movements are largely independent.
Performance
WPM vs. GOOGL - Performance Comparison
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Returns By Period
In the year-to-date period, WPM achieves a -0.90% return, which is significantly lower than GOOGL's 15.06% return. Over the past 10 years, WPM has underperformed GOOGL with an annualized return of 20.59%, while GOOGL has yielded a comparatively higher 25.76% 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%
GOOGL
- 1D
- 0.53%
- 1M
- -10.61%
- YTD
- 15.06%
- 6M
- 16.44%
- 1Y
- 105.30%
- 3Y*
- 43.10%
- 5Y*
- 24.46%
- 10Y*
- 25.76%
WPM vs. GOOGL - 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% |
GOOGL Alphabet Inc. Class A | 15.06% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | -0.80% | 32.93% |
Correlation
The correlation between WPM and GOOGL is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.15 |
Fundamentals
WPM:
$52.82B
GOOGL:
$4.40T
WPM:
$3.96
GOOGL:
$13.11
WPM:
29.33
GOOGL:
27.43
WPM:
0.78
GOOGL:
1.35
WPM:
19.23
GOOGL:
10.40
WPM:
5.70
GOOGL:
9.19
WPM:
$2.75B
GOOGL:
$422.57B
WPM:
$2.12B
GOOGL:
$255.12B
WPM:
$2.38B
GOOGL:
$174.08B
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Return for Risk
WPM vs. GOOGL — Risk / Return Rank
WPM
GOOGL
WPM vs. GOOGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM) and Alphabet Inc. Class A (GOOGL). 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 | GOOGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.98 | ||
| Sortino ratioReturn per unit of downside risk | -3.86 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.59 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 5.20 | -4.36 |
| Martin ratioReturn relative to average drawdown | 2.40 | 18.48 | -16.08 |
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Drawdowns
WPM vs. GOOGL - Drawdown Comparison
The maximum WPM drawdown since its inception was -48.64%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for WPM and GOOGL.
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Drawdown Indicators
| WPM | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.64% | -65.29% | +16.65% |
Max Drawdown (1Y)Largest decline over 1 year | -34.92% | -20.37% | -14.55% |
Max Drawdown (3Y)Largest decline over 3 years | -34.92% | -29.81% | -5.11% |
Max Drawdown (5Y)Largest decline over 5 years | -43.29% | -44.32% | +1.03% |
Max Drawdown (10Y)Largest decline over 10 years | -48.64% | -44.32% | -4.32% |
Current DrawdownCurrent decline from peak | -29.73% | -10.61% | -19.12% |
Average DrawdownAverage peak-to-trough decline | -18.87% | -13.01% | -5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.22% | 5.72% | +6.50% |
Volatility
WPM vs. GOOGL - Volatility Comparison
Wheaton Precious Metals Corp. (WPM) has a higher volatility of 16.76% compared to Alphabet Inc. Class A (GOOGL) at 7.24%. This indicates that WPM's price experiences larger fluctuations and is considered to be riskier than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WPM | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.76% | 7.24% | +9.52% |
Volatility (6M)Calculated over the trailing 6-month period | 39.19% | 20.82% | +18.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.96% | 29.31% | +16.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.44% | 31.33% | +4.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.78% | 29.13% | +7.65% |
Dividends
WPM vs. GOOGL - Dividend Comparison
WPM's dividend yield for the trailing twelve months is around 0.62%, more than GOOGL's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 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. GOOGL - Financials Comparison
This section allows you to compare key financial metrics between Wheaton Precious Metals Corp. and Alphabet Inc. Class A. 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. GOOGL - 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%.
GOOGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a gross profit of 68.63B and revenue of 109.90B. Therefore, the gross margin over that period was 62.5%.
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%.
GOOGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported an operating income of 39.70B and revenue of 109.90B, resulting in an operating margin of 36.1%.
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%.
GOOGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a net income of 62.58B and revenue of 109.90B, resulting in a net margin of 56.9%.
Frequently Asked Questions
WPM and GOOGL have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WPM has higher volatility (16.76%) compared to GOOGL (7.24%). In terms of maximum drawdown, WPM dropped -48.64% vs GOOGL's -65.29%.
GOOGL currently has the higher Sharpe Ratio (3.62 vs 0.64), 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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