WPM vs. IDR
WPM (Wheaton Precious Metals Corp.) and IDR (Idaho Strategic Resources, Inc.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, WPM returned 17.29%/yr vs 33.74%/yr for IDR. At a 0.21 correlation, their price movements are largely independent.
Performance
WPM vs. IDR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WPM achieves a -6.07% return, which is significantly higher than IDR's -23.67% return. Over the past 10 years, WPM has underperformed IDR with an annualized return of 17.29%, while IDR has yielded a comparatively higher 33.74% annualized return.
WPM
- 1D
- -0.54%
- 1M
- -2.32%
- 6M
- -11.50%
- YTD
- -6.07%
- 1Y
- 21.69%
- 3Y*
- 39.08%
- 5Y*
- 21.25%
- 10Y*
- 17.29%
IDR
- 1D
- -0.55%
- 1M
- -10.87%
- 6M
- -37.07%
- YTD
- -23.67%
- 1Y
- 83.53%
- 3Y*
- 75.61%
- 5Y*
- 44.40%
- 10Y*
- 33.74%
WPM vs. IDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WPM Wheaton Precious Metals Corp. | -6.07% | 110.52% | 15.24% | 27.91% | -7.53% | 4.22% | 41.82% | 54.62% | -10.04% | 16.41% |
IDR Idaho Strategic Resources, Inc. | -23.67% | 295.49% | 60.95% | 11.07% | -23.39% | 102.06% | 93.38% | -15.00% | 5.26% | 26.67% |
Correlation
The correlation between WPM and IDR is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.21 |
Over the past year, WPM and IDR have become more correlated (0.53) than their long-term average of 0.21, meaning their price movements have been converging.
Fundamentals
WPM:
$49.98B
IDR:
$486.31M
WPM:
$3.96
IDR:
$1.41
WPM:
27.80
IDR:
21.82
WPM:
0.74
IDR:
0.03
WPM:
18.23
IDR:
9.42
WPM:
5.40
IDR:
4.21
WPM:
$2.75B
IDR:
$49.61M
WPM:
$2.12B
IDR:
$23.05M
WPM:
$2.38B
IDR:
$24.61M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WPM vs. IDR — Risk / Return Rank
WPM
IDR
WPM vs. IDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM) and Idaho Strategic Resources, Inc. (IDR). 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 | IDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.21 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 1.81 | -1.15 |
| Martin ratioReturn relative to average drawdown | 1.59 | 3.58 | -1.98 |
Loading charts...
Drawdowns
WPM vs. IDR - Drawdown Comparison
The maximum WPM drawdown since its inception was -48.64%, smaller than the maximum IDR drawdown of -93.44%. Use the drawdown chart below to compare losses from any high point for WPM and IDR.
Loading charts...
Drawdown Indicators
| WPM | IDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.64% | -93.44% | +44.80% |
Max Drawdown (1Y)Largest decline over 1 year | -34.92% | -49.96% | +15.04% |
Max Drawdown (3Y)Largest decline over 3 years | -34.92% | -49.96% | +15.04% |
Max Drawdown (5Y)Largest decline over 5 years | -43.29% | -62.42% | +19.13% |
Max Drawdown (10Y)Largest decline over 10 years | -48.64% | -62.42% | +13.78% |
Current DrawdownCurrent decline from peak | -33.39% | -41.59% | +8.20% |
Average DrawdownAverage peak-to-trough decline | -18.94% | -47.21% | +28.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.61% | 25.27% | -10.66% |
Volatility
WPM vs. IDR - Volatility Comparison
The current volatility for Wheaton Precious Metals Corp. (WPM) is 14.50%, while Idaho Strategic Resources, Inc. (IDR) has a volatility of 19.21%. This indicates that WPM experiences smaller price fluctuations and is considered to be less risky than IDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WPM | IDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.50% | 19.21% | -4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 39.79% | 60.99% | -21.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.66% | 89.84% | -43.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.74% | 73.07% | -37.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.80% | 85.79% | -48.99% |
Dividends
WPM vs. IDR - Dividend Comparison
WPM's dividend yield for the trailing twelve months is around 0.65%, while IDR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IDR Idaho Strategic Resources, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Financials
WPM vs. IDR - Financials Comparison
This section allows you to compare key financial metrics between Wheaton Precious Metals Corp. and Idaho Strategic Resources, 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. IDR - Profitability Comparison
WPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
IDR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Idaho Strategic Resources, Inc. reported a gross profit of 8.18M and revenue of 14.48M. Therefore, the gross margin over that period was 56.5%.
WPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
IDR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Idaho Strategic Resources, Inc. reported an operating income of 7.58M and revenue of 14.48M, resulting in an operating margin of 52.4%.
WPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
IDR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Idaho Strategic Resources, Inc. reported a net income of 6.39M and revenue of 14.48M, resulting in a net margin of 44.1%.
Frequently Asked Questions
WPM and IDR have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDR has higher volatility (19.21%) compared to WPM (14.50%). In terms of maximum drawdown, WPM dropped -48.64% vs IDR's -93.44%.
IDR currently has the higher Sharpe Ratio (1.04 vs 0.50), 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.
Find the right allocation for WPM and IDR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer