ASTE vs. WM
ASTE (Astec Industries, Inc.) and WM (Waste Management, Inc.) are both stocks. Both are in the Industrials sector — ASTE in Farm & Heavy Construction Machinery, WM in Waste Management. Over the past 10 years, ASTE returned 0.54%/yr vs 15.50%/yr for WM. At a 0.20 correlation, their price movements are largely independent.
Performance
ASTE vs. WM - Performance Comparison
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Returns By Period
In the year-to-date period, ASTE achieves a 19.62% return, which is significantly higher than WM's 0.08% return. Over the past 10 years, ASTE has underperformed WM with an annualized return of 0.54%, while WM has yielded a comparatively higher 15.50% annualized return.
ASTE
- 1D
- 0.66%
- 1M
- -17.54%
- YTD
- 19.62%
- 6M
- 11.78%
- 1Y
- 31.17%
- 3Y*
- 9.75%
- 5Y*
- -4.63%
- 10Y*
- 0.54%
WM
- 1D
- 0.46%
- 1M
- -2.44%
- YTD
- 0.08%
- 6M
- 3.05%
- 1Y
- -6.93%
- 3Y*
- 11.49%
- 5Y*
- 10.87%
- 10Y*
- 15.50%
ASTE vs. WM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASTE Astec Industries, Inc. | 19.62% | 30.57% | -8.37% | -7.33% | -40.62% | 20.47% | 39.49% | 40.91% | -47.94% | -12.65% |
WM Waste Management, Inc. | 0.08% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 5.46% | 30.45% | 5.32% | 24.46% |
Correlation
The correlation between ASTE and WM is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 1991 | 0.20 |
The correlation between ASTE and WM shifts across timeframes, from -0.05 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ASTE:
$1.20B
WM:
$88.57B
ASTE:
$1.12
WM:
$6.91
ASTE:
46.18
WM:
31.70
ASTE:
0.25
WM:
2.59
ASTE:
0.81
WM:
3.48
ASTE:
1.77
WM:
8.84
ASTE:
$1.48B
WM:
$25.41B
ASTE:
$385.20M
WM:
$5.61B
ASTE:
$88.80M
WM:
$6.96B
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Return for Risk
ASTE vs. WM — Risk / Return Rank
ASTE
WM
ASTE vs. WM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Astec Industries, Inc. (ASTE) 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.
| ASTE | WM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.95 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | -0.41 | +1.54 |
| Martin ratioReturn relative to average drawdown | 3.22 | -0.92 | +4.14 |
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
| ASTE | WM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | -0.37 | +1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.59 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 0.80 | -0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.36 | -0.21 |
Drawdowns
ASTE vs. WM - Drawdown Comparison
The maximum ASTE drawdown since its inception was -89.53%, which is greater than WM's maximum drawdown of -77.85%. Use the drawdown chart below to compare losses from any high point for ASTE and WM.
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Drawdown Indicators
| ASTE | WM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.53% | -77.85% | -11.68% |
Max Drawdown (1Y)Largest decline over 1 year | -27.65% | -16.95% | -10.70% |
Max Drawdown (3Y)Largest decline over 3 years | -47.04% | -18.14% | -28.90% |
Max Drawdown (5Y)Largest decline over 5 years | -60.17% | -18.14% | -42.03% |
Max Drawdown (10Y)Largest decline over 10 years | -62.54% | -30.07% | -32.47% |
Current DrawdownCurrent decline from peak | -30.77% | -10.80% | -19.97% |
Average DrawdownAverage peak-to-trough decline | -39.33% | -17.69% | -21.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.70% | 7.64% | +2.06% |
Volatility
ASTE vs. WM - Volatility Comparison
Astec Industries, Inc. (ASTE) has a higher volatility of 19.49% compared to Waste Management, Inc. (WM) at 5.76%. This indicates that ASTE'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
| ASTE | WM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.49% | 5.76% | +13.73% |
Volatility (6M)Calculated over the trailing 6-month period | 32.42% | 13.56% | +18.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.15% | 18.58% | +21.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.88% | 18.53% | +23.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.28% | 19.49% | +22.79% |
Dividends
ASTE vs. WM - Dividend Comparison
ASTE's dividend yield for the trailing twelve months is around 1.01%, less than WM's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASTE Astec Industries, Inc. | 1.01% | 1.20% | 1.55% | 1.40% | 1.21% | 0.65% | 0.95% | 1.05% | 1.39% | 0.68% | 0.59% | 0.98% |
WM Waste Management, Inc. | 1.56% | 1.50% | 1.49% | 1.56% | 1.66% | 1.38% | 1.85% | 1.80% | 2.09% | 1.97% | 2.31% | 2.89% |
Financials
ASTE vs. WM - Financials Comparison
This section allows you to compare key financial metrics between Astec Industries, 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
ASTE vs. WM - Profitability Comparison
ASTE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Astec Industries, Inc. reported a gross profit of 99.10M and revenue of 396.30M. Therefore, the gross margin over that period was 25.0%.
WM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Waste Management, Inc. reported a gross profit of 0.00 and revenue of 6.23B. Therefore, the gross margin over that period was 0.0%.
ASTE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Astec Industries, Inc. reported an operating income of 9.00M and revenue of 396.30M, resulting in an operating margin of 2.3%.
WM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Waste Management, Inc. reported an operating income of 1.11B and revenue of 6.23B, resulting in an operating margin of 17.9%.
ASTE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Astec Industries, Inc. reported a net income of 1.30M and revenue of 396.30M, resulting in a net margin of 0.3%.
WM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Waste Management, Inc. reported a net income of 723.00M and revenue of 6.23B, resulting in a net margin of 11.6%.
Frequently Asked Questions
ASTE and WM have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASTE has higher volatility (19.49%) compared to WM (5.76%). In terms of maximum drawdown, ASTE dropped -89.53% vs WM's -77.85%.
ASTE currently has the higher Sharpe Ratio (0.78 vs -0.37), 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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