ITRG vs WPM: Correlation
Integra Resources Corp. (ITRG) and Wheaton Precious Metals Corp (WPM) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITRG and WPM?
On 3 years of weekly data the ITRG/WPM correlation comes out at 0.69, strong. Lately the two have moved closer together, with the 1-year correlation at 0.82 versus 0.69 over 3 years. The 5-year figure is 0.37, and annualized covariance runs at 1782.4 %².
Within ITRG's tracked universe of 13 assets, WPM comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WPM outperformed by 25.0 percentage points (+39.3% for ITRG against +64.3% for WPM). One caveat on sizing: ITRG is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ITRG vs WPM: side by side
| ITRG (Integra Resources Corp.) | WPM (Wheaton Precious Metals Corp) | |
|---|---|---|
| 1-year return | +39.3% | +64.3% |
| 5-year return | +6.9% | +275.2% |
| Volatility (ann.) | 63.1% | 41.1% |
| Beta vs S&P 500 | 1.11 | 0.82 |
| Max drawdown (3Y) | -55.8% | -37.4% |
| Market cap | $0.6B | $71.8B |
| P/E (trailing) | 73.5 | 34.6 |
| Dividend yield | 0.00% | 0.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ITRG | WPM |
|---|---|---|
| 2022 | -70.6% | -7.5% |
| 2023 | +67.5% | +27.9% |
| 2024 | -17.9% | +15.2% |
| 2025 | +360.9% | +109.8% |
| 2026 | -26.7% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITRG and WPM good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ITRG and WPM?
The ITRG/WPM correlation stands at 0.69 on a 3-year window (1 year: 0.82, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is WPM a good diversifier for ITRG?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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/itrg-vs-wpm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/itrg-vs-wpm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ITRG correlations · WPM correlations
