AAP vs. WM
AAP (Advance Auto Parts, Inc.) and WM (Waste Management, Inc.) are both stocks. AAP operates in Specialty Retail (Consumer Cyclical), while WM operates in Waste Management (Industrials). Over the past 10 years, AAP returned -8.00%/yr vs 15.51%/yr for WM. At a 0.29 correlation, their price movements are largely independent.
Performance
AAP vs. WM - Performance Comparison
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Returns By Period
In the year-to-date period, AAP achieves a 46.86% return, which is significantly higher than WM's -0.38% return. Over the past 10 years, AAP has underperformed WM with an annualized return of -8.00%, while WM has yielded a comparatively higher 15.51% annualized return.
AAP
- 1D
- -0.92%
- 1M
- -0.45%
- YTD
- 46.86%
- 6M
- 7.82%
- 1Y
- 12.08%
- 3Y*
- -3.55%
- 5Y*
- -19.67%
- 10Y*
- -8.00%
WM
- 1D
- 2.86%
- 1M
- -4.32%
- YTD
- -0.38%
- 6M
- 1.65%
- 1Y
- -7.86%
- 3Y*
- 11.27%
- 5Y*
- 10.77%
- 10Y*
- 15.51%
AAP vs. WM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAP Advance Auto Parts, Inc. | 46.86% | -15.01% | -21.10% | -57.62% | -36.50% | 54.68% | -0.90% | 1.87% | 58.22% | -40.93% |
WM Waste Management, Inc. | -0.38% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 5.46% | 30.45% | 5.32% | 24.46% |
Correlation
The correlation between AAP and WM is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2001 | 0.29 |
The correlation between AAP and WM shifts across timeframes, from 0.15 (3 years) to 0.29 (all time), reflecting how their relationship changes across market environments.
Fundamentals
AAP:
$1.96
WM:
$6.91
AAP:
29.09
WM:
31.55
AAP:
0.43
WM:
3.47
AAP:
$6.02B
WM:
$25.41B
AAP:
$2.62B
WM:
$5.61B
AAP:
$592.00M
WM:
$6.96B
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Return for Risk
AAP vs. WM — Risk / Return Rank
AAP
WM
AAP vs. WM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Advance Auto Parts, Inc. (AAP) and Waste Management, Inc. (WM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AAP | WM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.94 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | -0.46 | +0.76 |
| Martin ratioReturn relative to average drawdown | 0.61 | -1.04 | +1.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AAP | WM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | -0.43 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | 0.58 | -0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.18 | 0.80 | -0.98 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.36 | -0.19 |
Drawdowns
AAP vs. WM - Drawdown Comparison
The maximum AAP drawdown since its inception was -86.41%, which is greater than WM's maximum drawdown of -77.85%. Use the drawdown chart below to compare losses from any high point for AAP and WM.
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Drawdown Indicators
| AAP | WM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.41% | -77.85% | -8.56% |
Max Drawdown (1Y)Largest decline over 1 year | -41.44% | -17.04% | -24.40% |
Max Drawdown (3Y)Largest decline over 3 years | -64.25% | -18.14% | -46.11% |
Max Drawdown (5Y)Largest decline over 5 years | -86.41% | -18.14% | -68.27% |
Max Drawdown (10Y)Largest decline over 10 years | -86.41% | -30.07% | -56.34% |
Current DrawdownCurrent decline from peak | -73.69% | -11.21% | -62.48% |
Average DrawdownAverage peak-to-trough decline | -23.75% | -17.69% | -6.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.87% | 7.92% | +11.95% |
Volatility
AAP vs. WM - Volatility Comparison
Advance Auto Parts, Inc. (AAP) has a higher volatility of 22.24% compared to Waste Management, Inc. (WM) at 5.88%. This indicates that AAP's price experiences larger fluctuations and is considered to be riskier than WM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAP | WM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.24% | 5.88% | +16.36% |
Volatility (6M)Calculated over the trailing 6-month period | 38.68% | 13.57% | +25.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.67% | 18.59% | +35.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.00% | 18.53% | +34.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.07% | 19.49% | +25.58% |
Dividends
AAP vs. WM - Dividend Comparison
AAP's dividend yield for the trailing twelve months is around 1.75%, more than WM's 1.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAP Advance Auto Parts, Inc. | 1.75% | 2.54% | 2.11% | 3.28% | 4.08% | 1.35% | 0.63% | 0.15% | 0.15% | 0.24% | 0.14% | 0.16% |
WM Waste Management, Inc. | 1.57% | 1.50% | 1.49% | 1.56% | 1.66% | 1.38% | 1.85% | 1.80% | 2.09% | 1.97% | 2.31% | 2.89% |
Financials
AAP vs. WM - Financials Comparison
This section allows you to compare key financial metrics between Advance Auto Parts, Inc. and Waste Management, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
AAP and WM have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAP has higher volatility (22.24%) compared to WM (5.88%). In terms of maximum drawdown, AAP dropped -86.41% vs WM's -77.85%.
AAP currently has the higher Sharpe Ratio (0.23 vs -0.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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