ARIS vs WPM: Correlation
Aris Mining Corporation (ARIS) and Wheaton Precious Metals Corp (WPM) show a very strong relationship: their 3-year correlation of weekly returns is 0.82.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARIS and WPM?
Over the past 3 years, ARIS and WPM moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. The link has tightened recently: the 1-year correlation (0.92) runs above the 3-year figure (0.82). Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 1917.4 %².
Few assets follow ARIS as closely as WPM, which ranks #3 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months ARIS outperformed by 96.9 percentage points (+161.2% for ARIS against +64.3% for WPM).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ARIS vs WPM: side by side
| ARIS (Aris Mining Corporation) | WPM (Wheaton Precious Metals Corp) | |
|---|---|---|
| 1-year return | +161.2% | +64.3% |
| 5-year return | +482.3% | +275.2% |
| Volatility (ann.) | 56.8% | 41.1% |
| Beta vs S&P 500 | 0.93 | 0.82 |
| Max drawdown (3Y) | -41.1% | -37.4% |
| Market cap | $4.4B | $71.8B |
| P/E (trailing) | 14.7 | 34.6 |
| Dividend yield | 0.00% | 0.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARIS | WPM |
|---|---|---|
| 2022 | -39.6% | -7.5% |
| 2023 | +31.9% | +27.9% |
| 2024 | +6.5% | +15.2% |
| 2025 | +363.7% | +109.8% |
| 2026 | +31.0% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARIS and WPM good diversifiers for each other?
No: a correlation of 0.82 means ARIS and WPM tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between ARIS and WPM?
Using weekly returns as of 2026-08-27: 0.82 over 3 years, with 0.92 over the last year and 0.76 over 5 years.
Is WPM a good diversifier for ARIS?
No: a correlation of 0.82 means ARIS and WPM tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.82 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aris-vs-wpm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aris-vs-wpm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARIS correlations · WPM correlations
