WPM vs. LRCX
WPM (Wheaton Precious Metals Corp.) and LRCX (Lam Research Corporation) are both stocks. WPM operates in Gold (Basic Materials), while LRCX operates in Semiconductor Equipment & Materials (Technology). Over the past 10 years, WPM returned 17.83%/yr vs 50.54%/yr for LRCX. At a 0.14 correlation, their price movements are largely independent.
Performance
WPM vs. LRCX - Performance Comparison
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Returns By Period
In the year-to-date period, WPM achieves a -4.13% return, which is significantly lower than LRCX's 153.62% return. Over the past 10 years, WPM has underperformed LRCX with an annualized return of 17.83%, while LRCX has yielded a comparatively higher 50.54% annualized return.
WPM
- 1D
- 1.25%
- 1M
- -15.29%
- YTD
- -4.13%
- 6M
- -5.23%
- 1Y
- 25.89%
- 3Y*
- 38.78%
- 5Y*
- 22.00%
- 10Y*
- 17.83%
LRCX
- 1D
- 5.46%
- 1M
- 36.29%
- YTD
- 153.62%
- 6M
- 149.83%
- 1Y
- 347.64%
- 3Y*
- 90.60%
- 5Y*
- 48.45%
- 10Y*
- 50.54%
WPM vs. LRCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WPM Wheaton Precious Metals Corp. | -4.13% | 110.52% | 15.24% | 27.91% | -7.53% | 4.22% | 41.82% | 54.62% | -10.04% | 16.41% |
LRCX Lam Research Corporation | 153.62% | 139.16% | -6.84% | 88.63% | -40.72% | 53.66% | 64.18% | 119.33% | -24.40% | 76.21% |
Correlation
The correlation between WPM and LRCX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.14 |
The correlation between WPM and LRCX shifts across timeframes, from 0.14 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
WPM:
$51.10B
LRCX:
$547.21B
WPM:
$3.96
LRCX:
$5.30
WPM:
28.38
LRCX:
81.77
WPM:
0.76
LRCX:
6.19
WPM:
18.60
LRCX:
25.30
WPM:
5.51
LRCX:
51.70
WPM:
$2.75B
LRCX:
$21.68B
WPM:
$2.12B
LRCX:
$10.84B
WPM:
$2.38B
LRCX:
$6.10B
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Return for Risk
WPM vs. LRCX — Risk / Return Rank
WPM
LRCX
WPM vs. LRCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM) and Lam Research Corporation (LRCX). 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 | LRCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.74 | ||
| Sortino ratioReturn per unit of downside risk | -3.85 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.64 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 17.51 | -16.77 |
| Martin ratioReturn relative to average drawdown | 1.91 | 57.95 | -56.04 |
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Drawdowns
WPM vs. LRCX - Drawdown Comparison
The maximum WPM drawdown since its inception was -48.64%, smaller than the maximum LRCX drawdown of -87.90%. Use the drawdown chart below to compare losses from any high point for WPM and LRCX.
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Drawdown Indicators
| WPM | LRCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.64% | -87.90% | +39.26% |
Max Drawdown (1Y)Largest decline over 1 year | -34.92% | -20.01% | -14.91% |
Max Drawdown (3Y)Largest decline over 3 years | -34.92% | -47.10% | +12.18% |
Max Drawdown (5Y)Largest decline over 5 years | -43.29% | -56.39% | +13.10% |
Max Drawdown (10Y)Largest decline over 10 years | -48.64% | -56.39% | +7.75% |
Current DrawdownCurrent decline from peak | -32.01% | 0.00% | -32.01% |
Average DrawdownAverage peak-to-trough decline | -18.91% | -28.14% | +9.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.59% | 6.03% | +7.56% |
Volatility
WPM vs. LRCX - Volatility Comparison
The current volatility for Wheaton Precious Metals Corp. (WPM) is 17.15%, while Lam Research Corporation (LRCX) has a volatility of 26.55%. This indicates that WPM experiences smaller price fluctuations and is considered to be less risky than LRCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WPM | LRCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.15% | 26.55% | -9.40% |
Volatility (6M)Calculated over the trailing 6-month period | 39.95% | 46.35% | -6.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.80% | 55.68% | -8.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.67% | 47.34% | -11.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.80% | 45.29% | -8.49% |
Dividends
WPM vs. LRCX - Dividend Comparison
WPM's dividend yield for the trailing twelve months is around 0.64%, more than LRCX's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LRCX Lam Research Corporation | 0.24% | 0.57% | 1.19% | 0.95% | 1.53% | 0.78% | 1.04% | 1.54% | 2.79% | 1.01% | 1.28% | 1.36% |
WPM Wheaton Precious Metals Corp. | 0.64% | 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. LRCX - Financials Comparison
This section allows you to compare key financial metrics between Wheaton Precious Metals Corp. and Lam Research 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. LRCX - 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%.
LRCX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Lam Research Corporation reported a gross profit of 2.91B and revenue of 5.84B. Therefore, the gross margin over that period was 49.8%.
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%.
LRCX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Lam Research Corporation reported an operating income of 2.05B and revenue of 5.84B, resulting in an operating margin of 35.0%.
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%.
LRCX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Lam Research Corporation reported a net income of 1.83B and revenue of 5.84B, resulting in a net margin of 31.3%.
Frequently Asked Questions
WPM and LRCX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LRCX has higher volatility (26.55%) compared to WPM (17.15%). In terms of maximum drawdown, WPM dropped -48.64% vs LRCX's -87.90%.
LRCX currently has the higher Sharpe Ratio (6.29 vs 0.56), 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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