VALE vs. WPM: Vale vs. Wheaton Precious Metals Stock Comparison

November 11, 2026

How do Vale (VALE) and Wheaton Precious Metals (WPM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Vale (VALE) and Wheaton Precious Metals (WPM) both belong to the Metals & Mining industry, though VALE is classified under Steel while WPM falls under Gold.

Wheaton Precious Metals (WPM) trades as ordinary local shares, while Vale (VALE) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Vale (VALE) and Wheaton Precious Metals (WPM)
Profile Item	VALE	WPM
Name	Vale S.A. American Depositary Shares	Wheaton Precious Metals Corp.
Country/Region	Brazil	Canada
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Steel	Gold
Market Capitalization	49.32 billion USD	61.91 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 21, 2002	July 6, 2005
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

VALE

WPM

GSPC

Vale (VALE) vs. Wheaton Precious Metals (WPM), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Vale (VALE) and Wheaton Precious Metals (WPM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Vale (VALE) and Wheaton Precious Metals (WPM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Vale (VALE) and Wheaton Precious Metals (WPM)
Metric	VALE	WPM
Total Return (1Y)	6.20%	45.35%
Total Return (3Y, Annualized)	3.12%	50.60%
Total Return (5Y, Annualized)	8.31%	29.06%

Risk Profile

Drawdown History

VALE

WPM

GSPC

Vale (VALE) vs. Wheaton Precious Metals (WPM), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Vale (VALE) and Wheaton Precious Metals (WPM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Vale (VALE) and Wheaton Precious Metals (WPM)
Metric	VALE	WPM
Volatility (1Y, Annualized)	33.88%	52.11%
Beta (5Y)	0.48	0.49
Max Drawdown (5Y)	-49.81%	-43.29%
Avg. Volume (3M)	32.62M	2.01M

Risk-Adjusted Performance

Risk-Return Positioning

VALE and WPM are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Vale (VALE) and Wheaton Precious Metals (WPM)
Metric	VALE	WPM
Sharpe Ratio (1Y)	0.06	0.79
Sortino Ratio (1Y)	0.08	1.14

Profitability

ROE (TTM)

Wheaton Precious Metals (WPM) at 23.10% sits in the top ROE quartile, while Vale (VALE) at 0.26% is closer to the peer norm — stronger capital efficiency for WPM.

VALE

Materials industry group

0.26%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
VALE: 0.26%
Q1: -3.41%
Min: -32.81%

WPM

Materials industry group

23.10%

Max: 52.88%
WPM: 23.10%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Vale (VALE) vs. Wheaton Precious Metals (WPM): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Wheaton Precious Metals (WPM) at 60.39% converts revenue to bottom-line profit above its industry’s benchmark range, while Vale (VALE) at 1.01% keeps roughly the typical share for its industry.

VALE

Materials industry group

1.01%

Max: 38.66%
Q3: 15.98%
Median: 5.28%
VALE: 1.01%
Q1: 0.00%
Min: -20.40%

WPM

Materials industry group

60.39%

WPM: 60.39%
Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Vale (VALE) vs. Wheaton Precious Metals (WPM): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Wheaton Precious Metals (WPM) at 66.70% operates in the top operating margin quartile, ahead of Vale (VALE) at 19.31%, which runs around its industry’s norm.

VALE

Materials industry group

19.31%

Max: 66.70%
Q3: 28.92%
VALE: 19.31%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

WPM

Materials industry group

66.70%

WPM: 66.70%
Max: 66.70%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Vale (VALE) vs. Wheaton Precious Metals (WPM): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Vale (VALE) and Wheaton Precious Metals (WPM)
Metric	VALE	WPM
ROE (TTM)	0.26%	23.10%
ROA (TTM)	6.97%	15.22%
Net Margin (TTM)	1.01%	60.39%
Operating Margin (TTM)	19.31%	66.70%
Gross Margin (TTM)	32.06%	86.61%

Growth

Revenue Growth

Wheaton Precious Metals (WPM) at 80.18% sits in the top revenue growth quartile, while Vale (VALE) at 0.91% is closer to the peer norm — faster top-line expansion for WPM.

Vale (VALE) vs. Wheaton Precious Metals (WPM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Wheaton Precious Metals (WPM) at 177.85% sits in the top EPS growth quartile, while Vale (VALE) at -61.81% is closer to the peer norm — faster per-share earnings growth for WPM.

Vale (VALE) vs. Wheaton Precious Metals (WPM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Vale (VALE) and Wheaton Precious Metals (WPM)
Metric	VALE	WPM
Revenue Growth (YoY)	0.91%	80.18%
Revenue Growth (3Y CAGR)	-4.32%	29.53%
EPS Growth (YoY)	-61.81%	177.85%
EPS Growth (3Y CAGR)	-48.60%	29.83%

Financial Strength

Current Ratio (MRQ)

Both Vale (VALE) at 1.10 and Wheaton Precious Metals (WPM) at 0.57 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

VALE

Materials industry group

1.10

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
VALE: 1.10
Min: 0.16

WPM

Materials industry group

0.57

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
WPM: 0.57
Min: 0.16

Vale (VALE) vs. Wheaton Precious Metals (WPM): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both Vale (VALE) at 0.55 and Wheaton Precious Metals (WPM) at 0.16 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

VALE

Materials industry group

0.55

Max: 1.98
Q3: 0.89
VALE: 0.55
Median: 0.47
Q1: 0.13
Min: 0.00

WPM

Materials industry group

0.16

Max: 1.98
Q3: 0.89
Median: 0.47
WPM: 0.16
Q1: 0.13
Min: 0.00

Vale (VALE) vs. Wheaton Precious Metals (WPM): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Vale (VALE) and Wheaton Precious Metals (WPM)
Metric	VALE	WPM
Current Ratio (MRQ)	1.10	0.57
Debt / Equity (MRQ)	0.55	0.16
Net Debt / EBITDA	1.20	0.50

Dividends

Dividend Yield (TTM)

Wheaton Precious Metals (WPM) at 0.57% pays an industry-typical yield; Vale (VALE) at 49.02% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

VALE

Materials industry group

49.02%

VALE: 49.02%
Max: 4.52%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

WPM

Materials industry group

0.57%

Max: 4.52%
Q3: 1.85%
WPM: 0.57%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Vale (VALE) vs. Wheaton Precious Metals (WPM): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Vale (VALE) reports payout ratio above 100% at 526.96%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Wheaton Precious Metals (WPM) reports 16.29%, ranking against industry peers normally.

VALE

Materials industry group

526.96%

VALE: 526.96%
Max: 83.62%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

WPM

Materials industry group

16.29%

Max: 83.62%
Q3: 41.37%
WPM: 16.29%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Vale (VALE) vs. Wheaton Precious Metals (WPM): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Vale (VALE) and Wheaton Precious Metals (WPM)
Metric	VALE	WPM
Dividend Yield (TTM)	49.02%	0.57%
Dividend Payout Ratio (TTM)	526.96%	16.29%

Valuation

P/E Ratio (TTM)

Wheaton Precious Metals (WPM) at 29.63 is near its industry’s usual P/E ratio, while Vale (VALE) at 72.44 sits above its peer range — an unusually expensive price for VALE’s trailing earnings.

VALE

Materials industry group

72.44

VALE: 72.44
Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

WPM

Materials industry group

29.63

Max: 59.00
Q3: 32.93
WPM: 29.63
Median: 18.82
Q1: 11.96
Min: 3.93

Vale (VALE) vs. Wheaton Precious Metals (WPM): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Vale (VALE) at 0.23 sits in the cheaper P/S ratio quartile while Wheaton Precious Metals (WPM) at 17.86 prices above its industry range — a wide gap in sales valuation between them.

VALE

Materials industry group

0.23

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
VALE: 0.23
Min: 0.00

WPM

Materials industry group

17.86

WPM: 17.86
Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

Vale (VALE) vs. Wheaton Precious Metals (WPM): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Vale (VALE) at 1.27 is valued about in line with its industry on P/B ratio, while Wheaton Precious Metals (WPM) at 6.17 carries an above-peer premium to book — WPM is pricier on assets.

VALE

Materials industry group

1.27

Max: 6.59
Q3: 3.55
Median: 2.08
VALE: 1.27
Q1: 1.26
Min: -0.17

WPM

Materials industry group

6.17

Max: 6.59
WPM: 6.17
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

Vale (VALE) vs. Wheaton Precious Metals (WPM): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Vale (VALE) and Wheaton Precious Metals (WPM)
Metric	VALE	WPM
P/E Ratio (TTM)	72.44	29.63
P/S Ratio (TTM)	0.23	17.86
P/B Ratio (MRQ)	1.27	6.17
Free Cash Flow Yield (TTM)	17.51%	-5.11%