SII vs WPM: Correlation
Sprott Inc. (SII) and Wheaton Precious Metals Corp (WPM) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SII and WPM?
On 3 years of weekly data the SII/WPM correlation comes out at 0.68, strong. Recent behaviour matches the longer record: 0.76 over 1 year against 0.68 over 3. The 5-year figure is 0.68, and annualized covariance runs at 1041.4 %².
Within SII's tracked universe of 14 assets, WPM comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SII outperformed by 48.0 percentage points (+112.3% for SII 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.
SII vs WPM: side by side
| SII (Sprott Inc.) | WPM (Wheaton Precious Metals Corp) | |
|---|---|---|
| 1-year return | +112.3% | +64.3% |
| 5-year return | +354.0% | +275.2% |
| Volatility (ann.) | 37.3% | 41.1% |
| Beta vs S&P 500 | 0.92 | 0.82 |
| Max drawdown (3Y) | -38.0% | -37.4% |
| Market cap | $3.5B | $71.8B |
| P/E (trailing) | 33.6 | 34.6 |
| Dividend yield | 1.17% | 0.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SII | WPM |
|---|---|---|
| 2022 | -24.1% | -7.5% |
| 2023 | +5.0% | +27.9% |
| 2024 | +27.4% | +15.2% |
| 2025 | +135.0% | +109.8% |
| 2026 | +40.5% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SII and WPM good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SII and WPM?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.76 over the last year and 0.68 over 5 years.
Is WPM a good diversifier for SII?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 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/sii-vs-wpm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/sii-vs-wpm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SII correlations · WPM correlations
