WPM vs. TFPM

Last updated Apr 1, 2026

Compare and contrast key facts about Wheaton Precious Metals Corp. (WPM) and Triple Flag Precious Metals Corp (TFPM).

Performance

WPM vs. TFPM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wheaton Precious Metals Corp. (WPM) and Triple Flag Precious Metals Corp (TFPM). The values are adjusted to include any dividend payments, if applicable.

WPM vs. TFPM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WPM Wheaton Precious Metals Corp.	11.65%	110.52%	15.24%	27.91%	-7.53%	14.62%
TFPM Triple Flag Precious Metals Corp	4.63%	123.03%	14.60%	-1.81%	14.71%	33.50%

Fundamentals

Market Cap WPM : $59.59B TFPM : $7.19B
EPS WPM : $3.26 TFPM : $1.18
PE Ratio WPM : 40.25 TFPM : 29.51
PEG Ratio WPM : 1.08 TFPM : 0.23
PS Ratio WPM : 25.59 TFPM : 18.23
PB Ratio WPM : 6.87 TFPM : 3.52
Total Revenue (TTM) WPM : $2.33B TFPM : $390.53M
Gross Profit (TTM) WPM : $1.75B TFPM : $282.81M
EBITDA (TTM) WPM : $2.02B TFPM : $328.71M

Returns By Period

In the year-to-date period, WPM achieves a 11.65% return, which is significantly higher than TFPM's 4.63% return.

WPM

• 1D: 6.08%
• 1M: -19.82%
• YTD: 11.65%
• 6M: 17.51%
• 1Y: 70.29%
• 3Y*: 40.98%
• 5Y*: 28.33%
• 10Y*: 24.70%

TFPM

• 1D: 5.60%
• 1M: -15.96%
• YTD: 4.63%
• 6M: 19.00%
• 1Y: 82.66%
• 3Y*: 34.04%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

WPM vs. TFPM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WPM

WPM Risk / Return Rank: 83
WPM Sharpe Ratio Rank: 86
WPM Sortino Ratio Rank: 77
WPM Omega Ratio Rank: 80
WPM Calmar Ratio Rank: 81
WPM Martin Ratio Rank: 88

TFPM

TFPM Risk / Return Rank: 87
TFPM Sharpe Ratio Rank: 90
TFPM Sortino Ratio Rank: 83
TFPM Omega Ratio Rank: 83
TFPM Calmar Ratio Rank: 87
TFPM Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	1.59	1.93	-0.34
Sortino ratio Return per unit of downside risk	1.91	2.24	-0.33
Omega ratio Gain probability vs. loss probability	1.28	1.31	-0.03
Calmar ratio Return relative to maximum drawdown	2.34	3.09	-0.75
Martin ratio Return relative to average drawdown	8.83	10.58	-1.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WPM vs. TFPM - Sharpe Ratio Comparison

The current WPM Sharpe Ratio is 1.59, which is comparable to the TFPM Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of WPM and TFPM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WPM	TFPM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	1.93	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.98	-0.25

Correlation

The correlation between WPM and TFPM is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

WPM vs. TFPM - Dividend Comparison

WPM's dividend yield for the trailing twelve months is around 0.65%, less than TFPM's 0.66% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
TFPM Triple Flag Precious Metals Corp	0.66%	0.68%	1.43%	1.54%	1.07%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%

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.

Drawdown Indicators

	WPM	TFPM	Difference
Max Drawdown Largest peak-to-trough decline	-48.64%	-36.48%	-12.16%
Max Drawdown (1Y) Largest decline over 1 year	-30.84%	-26.03%	-4.81%
Max Drawdown (5Y) Largest decline over 5 years	-43.29%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.64%	—	—
Current Drawdown Current decline from peak	-20.82%	-15.96%	-4.86%
Average Drawdown Average peak-to-trough decline	-18.86%	-13.09%	-5.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.16%	7.60%	+0.56%

Volatility

WPM vs. TFPM - Volatility Comparison

Wheaton Precious Metals Corp. (WPM) has a higher volatility of 17.87% compared to Triple Flag Precious Metals Corp (TFPM) at 15.78%. This indicates that WPM's price experiences larger fluctuations and is considered to be riskier than TFPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WPM	TFPM	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.87%	15.78%	+2.09%
Volatility (6M) Calculated over the trailing 6-month period	37.02%	34.55%	+2.47%
Volatility (1Y) Calculated over the trailing 1-year period	44.42%	43.13%	+1.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.45%	37.05%	-2.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.81%	37.05%	-0.24%

Financials

WPM vs. TFPM - Profitability Comparison

The chart below illustrates the profitability comparison between Wheaton Precious Metals Corp. and Triple Flag Precious Metals Corp over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

WPM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Wheaton Precious Metals Corp. reported a gross profit of 673.37M and revenue of 878.01M. Therefore, the gross margin over that period was 76.7%.

TFPM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Triple Flag Precious Metals Corp reported a gross profit of 87.85M and revenue of 120.74M. Therefore, the gross margin over that period was 72.8%.

WPM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Wheaton Precious Metals Corp. reported an operating income of 660.02M and revenue of 878.01M, resulting in an operating margin of 75.2%.

TFPM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Triple Flag Precious Metals Corp reported an operating income of 76.56M and revenue of 120.74M, resulting in an operating margin of 63.4%.

WPM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Wheaton Precious Metals Corp. reported a net income of 566.83M and revenue of 878.01M, 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 Apr 2026, Triple Flag Precious Metals Corp reported a net income of 78.01M and revenue of 120.74M, resulting in a net margin of 64.6%.