WPM vs. SPY
Compare and contrast key facts about Wheaton Precious Metals Corp. (WPM) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WPM or SPY.
Key characteristics
WPM | SPY | |
---|---|---|
YTD Return | 15.92% | 11.74% |
1Y Return | 20.33% | 28.12% |
3Y Return (Ann) | 7.78% | 10.36% |
5Y Return (Ann) | 24.90% | 14.97% |
10Y Return (Ann) | 11.78% | 12.97% |
Sharpe Ratio | 0.59 | 2.56 |
Daily Std Dev | 29.19% | 11.48% |
Max Drawdown | -86.74% | -55.19% |
Current Drawdown | 0.00% | -0.06% |
Correlation
The correlation between WPM and SPY is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
WPM vs. SPY - Performance Comparison
In the year-to-date period, WPM achieves a 15.92% return, which is significantly higher than SPY's 11.74% return. Over the past 10 years, WPM has underperformed SPY with an annualized return of 11.78%, while SPY has yielded a comparatively higher 12.97% 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
WPM's dividend yield for the trailing twelve months is around 0.80%, less than SPY's 1.27% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Wheaton Precious Metals Corp. | 0.80% | 1.22% | 1.54% | 1.33% | 1.01% | 1.21% | 1.84% | 1.49% | 1.09% | 1.61% | 1.28% | 2.23% |
SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
WPM vs. SPY - Drawdown Comparison
The maximum WPM drawdown since its inception was -86.74%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for WPM and SPY. For additional features, visit the drawdowns tool.
Volatility
WPM vs. SPY - Volatility Comparison
Wheaton Precious Metals Corp. (WPM) has a higher volatility of 6.72% compared to SPDR S&P 500 ETF (SPY) at 3.37%. This indicates that WPM's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.