B vs WPM: Correlation
Barrick Mining Corporation (B) and Wheaton Precious Metals Corp (WPM) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are B and WPM?
Across a 3-year window, the weekly returns of B and WPM correlate at 0.85, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.88 over 1 year against 0.85 over 3. Stretching to 5 years gives 0.85, with an annualized covariance of 1414.4 %².
In B's tracked universe of 17 assets, WPM sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months B outperformed by 18.8 percentage points (+83.1% for B 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.
B vs WPM: side by side
| B (Barrick Mining Corporation) | WPM (Wheaton Precious Metals Corp) | |
|---|---|---|
| 1-year return | +83.1% | +64.3% |
| 5-year return | +171.9% | +275.2% |
| Volatility (ann.) | 40.7% | 41.1% |
| Beta vs S&P 500 | 0.87 | 0.82 |
| Max drawdown (3Y) | -33.4% | -37.4% |
| Market cap | $77.9B | $71.8B |
| P/E (trailing) | 12.2 | 34.6 |
| Dividend yield | 1.38% | 0.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | B | WPM |
|---|---|---|
| 2022 | -6.2% | -7.5% |
| 2023 | +7.9% | +27.9% |
| 2024 | -12.3% | +15.2% |
| 2025 | +186.9% | +109.8% |
| 2026 | +10.0% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are B and WPM good diversifiers for each other?
No. With a correlation of 0.85, B and WPM move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between B and WPM?
The B/WPM correlation stands at 0.85 on a 3-year window (1 year: 0.88, 5 years: 0.85), computed from weekly returns as of 2026-08-27.
Is WPM a good diversifier for B?
No. With a correlation of 0.85, B and WPM move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.85 mean?
A reading of 0.85 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/b-vs-wpm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/b-vs-wpm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: B correlations · WPM correlations
