DC vs WPM: Correlation
Dakota Gold Corp. (DC) and Wheaton Precious Metals Corp (WPM) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DC and WPM?
On 3 years of weekly data the DC/WPM correlation comes out at 0.63, strong. The link has tightened recently: the 1-year correlation (0.79) runs above the 3-year figure (0.63). The 5-year figure is 0.60, and annualized covariance runs at 1597.9 %².
By 3-year correlation, WPM places #5 of the 12 assets tracked against DC. Their recent paths diverged sharply: over the last 12 months WPM outperformed by 15.0 percentage points (+49.3% for DC 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.
DC vs WPM: side by side
| DC (Dakota Gold Corp.) | WPM (Wheaton Precious Metals Corp) | |
|---|---|---|
| 1-year return | +49.3% | +64.3% |
| 5-year return | -9.6% | +275.2% |
| Volatility (ann.) | 61.3% | 41.1% |
| Beta vs S&P 500 | 1.26 | 0.82 |
| Max drawdown (3Y) | -41.7% | -37.4% |
| Market cap | $0.8B | $71.8B |
| P/E (trailing) | – | 34.6 |
| Dividend yield | 0.00% | 0.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DC | WPM |
|---|---|---|
| 2022 | – | -7.5% |
| 2023 | -14.1% | +27.9% |
| 2024 | -16.0% | +15.2% |
| 2025 | +158.2% | +109.8% |
| 2026 | +9.9% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DC and WPM good diversifiers for each other?
Only partially. A correlation of 0.63 means DC and WPM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DC and WPM?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.79 over the last year and 0.60 over 5 years.
Is WPM a good diversifier for DC?
Only partially. A correlation of 0.63 means DC and WPM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dc-vs-wpm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dc-vs-wpm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DC correlations · WPM correlations
