Reference

What is WavPack?

WavPack is an open audio compression format that can operate in fully lossless mode, lossy mode, or a distinctive hybrid mode that combines a lossy .wv file with a correction file for complete lossless restoration.

WavPack is: an audio codec/file format. WavPack is not WAV: the similar name hides a completely different concept.

Three ways WavPack can operate

ModeResult
LosslessA .wv file that can reconstruct the original audio exactly
Lossy hybrid baseA smaller high-quality lossy .wv file
Hybrid + correctionThe .wv plus .wvc correction file together restore the original losslessly

Source capabilities

Current WavPack supports integer PCM from 8 through 32 bits, 32-bit float PCM, DSD, mono/stereo and very high channel counts. It can preserve audio from formats such as WAV/BWF/RF64, AIFF, CAF, Wave64, DSDIFF and DSF.

Compression and verification

Lossless compression ratio depends on the source rather than a fixed output bitrate. WavPack can store checksums for verification and supports APEv2 metadata tags.

Common confusion

.wv does not mean WAV. A WavPack file must be decoded by a WavPack-aware player/decoder. Its lossless mode is more comparable conceptually with FLAC or ALAC, while its hybrid correction mode is unusual among mainstream audio formats.