WPM vs. OGC.TO
WPM (Wheaton Precious Metals Corp.) and OGC.TO (OceanaGold Corporation) 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 7.85%/yr for OGC.TO. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
WPM vs. OGC.TO - Performance Comparison
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Different Trading Currencies
WPM is traded in USD, while OGC.TO is traded in CAD. To make them comparable, the OGC.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WPM achieves a -6.07% return, which is significantly higher than OGC.TO's -12.51% return. Over the past 10 years, WPM has outperformed OGC.TO with an annualized return of 17.29%, while OGC.TO has yielded a comparatively lower 7.85% 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%
OGC.TO
- 1D
- -0.62%
- 1M
- -2.03%
- 6M
- -18.41%
- YTD
- -12.51%
- 1Y
- 74.32%
- 3Y*
- 62.25%
- 5Y*
- 34.79%
- 10Y*
- 7.85%
WPM vs. OGC.TO - 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% |
OGC.TO OceanaGold Corporation | -12.51% | 243.14% | 44.90% | 1.19% | 10.28% | -10.52% | -1.18% | -46.54% | 42.71% | -11.18% |
Correlation
The correlation between WPM and OGC.TO is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.59 |
The correlation between WPM and OGC.TO shifts across timeframes, from 0.59 (10 years) to 0.75 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
WPM:
$49.98B
OGC.TO:
CA$7.83B
WPM:
$3.96
OGC.TO:
$1.94
WPM:
27.80
OGC.TO:
12.74
WPM:
0.74
OGC.TO:
0.03
WPM:
18.23
OGC.TO:
4.30
WPM:
5.40
OGC.TO:
2.34
WPM:
$2.75B
OGC.TO:
$2.25B
WPM:
$2.12B
OGC.TO:
$1.24B
WPM:
$2.38B
OGC.TO:
$1.22B
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Return for Risk
WPM vs. OGC.TO — Risk / Return Rank
WPM
OGC.TO
WPM vs. OGC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM) and OceanaGold Corporation (OGC.TO). 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 | OGC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.24 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 1.78 | -1.11 |
| Martin ratioReturn relative to average drawdown | 1.59 | 4.18 | -2.59 |
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Drawdowns
WPM vs. OGC.TO - Drawdown Comparison
The maximum WPM drawdown since its inception was -48.64%, smaller than the maximum OGC.TO drawdown of -97.03%. Use the drawdown chart below to compare losses from any high point for WPM and OGC.TO.
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Drawdown Indicators
| WPM | OGC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.64% | -97.03% | +48.39% |
Max Drawdown (1Y)Largest decline over 1 year | -34.92% | -43.27% | +8.35% |
Max Drawdown (3Y)Largest decline over 3 years | -34.92% | -43.27% | +8.35% |
Max Drawdown (5Y)Largest decline over 5 years | -43.29% | -49.76% | +6.47% |
Max Drawdown (10Y)Largest decline over 10 years | -48.64% | -78.65% | +30.01% |
Current DrawdownCurrent decline from peak | -33.39% | -41.60% | +8.21% |
Average DrawdownAverage peak-to-trough decline | -18.94% | -41.50% | +22.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.61% | 18.39% | -3.78% |
Volatility
WPM vs. OGC.TO - Volatility Comparison
The current volatility for Wheaton Precious Metals Corp. (WPM) is 14.50%, while OceanaGold Corporation (OGC.TO) has a volatility of 15.47%. This indicates that WPM experiences smaller price fluctuations and is considered to be less risky than OGC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WPM | OGC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.50% | 15.47% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 39.79% | 42.36% | -2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.66% | 52.48% | -5.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.74% | 50.44% | -14.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.80% | 53.11% | -16.31% |
Dividends
WPM vs. OGC.TO - Dividend Comparison
WPM's dividend yield for the trailing twelve months is around 0.65%, less than OGC.TO's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OGC.TO OceanaGold Corporation | 0.94% | 0.29% | 0.23% | 0.36% | 0.00% | 0.00% | 0.00% | 0.18% | 0.26% | 0.27% | 0.46% | 0.63% |
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% | 0.00% |
Financials
WPM vs. OGC.TO - Financials Comparison
This section allows you to compare key financial metrics between Wheaton Precious Metals Corp. and OceanaGold 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. OGC.TO - 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%.
OGC.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, OceanaGold Corporation reported a gross profit of 397.08M and revenue of 702.79M. 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%.
OGC.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, OceanaGold Corporation reported an operating income of 330.79M and revenue of 702.79M, resulting in an operating margin of 47.1%.
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%.
OGC.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, OceanaGold Corporation reported a net income of 224.66M and revenue of 702.79M, resulting in a net margin of 32.0%.
Frequently Asked Questions
WPM and OGC.TO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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