WPM vs. IAU
Compare and contrast key facts about Wheaton Precious Metals Corp. (WPM) and iShares Gold Trust (IAU).
IAU is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on Jan 28, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WPM or IAU.
Key characteristics
| WPM | IAU | |
|---|---|---|
| YTD Return | 24.62% | 26.85% |
| 1Y Return | 43.52% | 35.13% |
| 3Y Return (Ann) | 12.57% | 11.79% |
| 5Y Return (Ann) | 19.65% | 12.21% |
| 10Y Return (Ann) | 13.27% | 8.01% |
| Sharpe Ratio | 1.47 | 2.28 |
| Sortino Ratio | 2.00 | 3.03 |
| Omega Ratio | 1.25 | 1.40 |
| Calmar Ratio | 1.62 | 4.93 |
| Martin Ratio | 6.35 | 15.09 |
| Ulcer Index | 6.88% | 2.23% |
| Daily Std Dev | 29.69% | 14.72% |
| Max Drawdown | -86.74% | -45.14% |
| Current Drawdown | -11.03% | -5.96% |
Correlation
The correlation between WPM and IAU is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WPM vs. IAU - Performance Comparison
In the year-to-date period, WPM achieves a 24.62% return, which is significantly lower than IAU's 26.85% return. Over the past 10 years, WPM has outperformed IAU with an annualized return of 13.27%, while IAU has yielded a comparatively lower 8.01% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
WPM vs. IAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM) and iShares Gold Trust (IAU). 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.
Dividends
WPM vs. IAU - Dividend Comparison
WPM's dividend yield for the trailing twelve months is around 1.01%, while IAU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WPM Wheaton Precious Metals Corp. | 1.01% | 1.22% | 1.54% | 1.33% | 1.01% | 1.21% | 1.84% | 1.49% | 1.09% | 1.61% | 1.28% | 2.23% |
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WPM vs. IAU - Drawdown Comparison
The maximum WPM drawdown since its inception was -86.74%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for WPM and IAU. For additional features, visit the drawdowns tool.
Volatility
WPM vs. IAU - Volatility Comparison
Wheaton Precious Metals Corp. (WPM) has a higher volatility of 10.98% compared to iShares Gold Trust (IAU) at 5.38%. This indicates that WPM's price experiences larger fluctuations and is considered to be riskier than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.