WPM vs. TFPM
WPM (Wheaton Precious Metals Corp.) and TFPM (Triple Flag Precious Metals Corp) are both stocks. Both are in the Basic Materials sector — WPM in Gold, TFPM in Other Precious Metals & Mining. Over the past 3 years, WPM returned 41.50%/yr vs 29.62%/yr for TFPM. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
WPM vs. TFPM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WPM achieves a 6.65% return, which is significantly higher than TFPM's -9.80% return.
WPM
- 1D
- -4.11%
- 1M
- 0.80%
- YTD
- 6.65%
- 6M
- 16.07%
- 1Y
- 37.12%
- 3Y*
- 41.50%
- 5Y*
- 22.29%
- 10Y*
- 21.44%
TFPM
- 1D
- -3.43%
- 1M
- -4.52%
- YTD
- -9.80%
- 6M
- -7.74%
- 1Y
- 25.91%
- 3Y*
- 29.62%
- 5Y*
- —
- 10Y*
- —
WPM vs. TFPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WPM Wheaton Precious Metals Corp. | 6.65% | 110.52% | 15.24% | 27.91% | -7.53% | 14.62% |
TFPM Triple Flag Precious Metals Corp | -9.80% | 123.03% | 14.60% | -1.81% | 14.71% | 33.50% |
Correlation
The correlation between WPM and TFPM is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | 0.60 |
Over the past year, WPM and TFPM have become more correlated (0.83) than their long-term average of 0.60, meaning their price movements have been converging.
Fundamentals
WPM:
$56.85B
TFPM:
$6.19B
WPM:
$3.96
TFPM:
$1.51
WPM:
31.57
TFPM:
19.75
WPM:
0.84
TFPM:
0.15
WPM:
20.69
TFPM:
13.55
WPM:
6.13
TFPM:
2.87
WPM:
$2.75B
TFPM:
$453.24M
WPM:
$2.12B
TFPM:
$337.23M
WPM:
$2.38B
TFPM:
$354.95M
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. TFPM — Risk / Return Rank
WPM
TFPM
WPM vs. TFPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wheaton Precious Metals Corp. (WPM) and Triple Flag Precious Metals Corp (TFPM). 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.
| WPM | TFPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.13 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 0.94 | +0.26 |
| Martin ratioReturn relative to average drawdown | 3.34 | 2.36 | +0.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| WPM | TFPM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.61 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.82 | -0.12 |
Drawdowns
WPM vs. TFPM - Drawdown Comparison
The maximum WPM drawdown since its inception was -48.64%, which is greater than TFPM's maximum drawdown of -36.48%. Use the drawdown chart below to compare losses from any high point for WPM and TFPM.
Loading charts...
Drawdown Indicators
| WPM | TFPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.64% | -36.48% | -12.16% |
Max Drawdown (1Y)Largest decline over 1 year | -30.84% | -27.55% | -3.29% |
Max Drawdown (3Y)Largest decline over 3 years | -30.84% | -27.55% | -3.29% |
Max Drawdown (5Y)Largest decline over 5 years | -43.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.64% | — | — |
Current DrawdownCurrent decline from peak | -24.37% | -27.55% | +3.18% |
Average DrawdownAverage peak-to-trough decline | -18.84% | -13.32% | -5.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.16% | 11.02% | +0.14% |
Volatility
WPM vs. TFPM - Volatility Comparison
Wheaton Precious Metals Corp. (WPM) and Triple Flag Precious Metals Corp (TFPM) have volatilities of 15.26% and 15.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WPM | TFPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.26% | 15.34% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 37.54% | 33.07% | +4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.39% | 42.69% | +1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.07% | 37.27% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.58% | 37.27% | -0.69% |
Dividends
WPM vs. TFPM - Dividend Comparison
WPM's dividend yield for the trailing twelve months is around 0.58%, less than TFPM's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TFPM Triple Flag Precious Metals Corp | 0.77% | 0.68% | 1.43% | 1.54% | 1.07% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WPM Wheaton Precious Metals Corp. | 0.58% | 0.56% | 1.10% | 1.22% | 1.54% | 1.33% | 1.01% | 1.21% | 1.84% | 1.49% | 1.09% |
Financials
WPM vs. TFPM - Financials Comparison
This section allows you to compare key financial metrics between Wheaton Precious Metals Corp. and Triple Flag Precious Metals Corp. 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. TFPM - Profitability Comparison
WPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
TFPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Triple Flag Precious Metals Corp reported a gross profit of 104.35M and revenue of 144.96M. Therefore, the gross margin over that period was 72.0%.
WPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.
TFPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Triple Flag Precious Metals Corp reported an operating income of 97.00M and revenue of 144.96M, resulting in an operating margin of 66.9%.
WPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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%.
TFPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Triple Flag Precious Metals Corp reported a net income of 115.31M and revenue of 144.96M, resulting in a net margin of 79.6%.
Frequently Asked Questions
WPM and TFPM have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TFPM has higher volatility (15.34%) compared to WPM (15.26%). In terms of maximum drawdown, WPM dropped -48.64% vs TFPM's -36.48%.
WPM currently has the higher Sharpe Ratio (0.84 vs 0.61), 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 TFPM
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