BN.TO vs. WCN.TO
BN.TO (Brookfield Corporation) and WCN.TO (Waste Connections, Inc.) are both stocks. BN.TO operates in Asset Management (Financial Services), while WCN.TO operates in Waste Management (Industrials). Over the past 10 years, BN.TO returned 30.86%/yr vs 18.98%/yr for WCN.TO. At a 0.25 correlation, their price movements are largely independent.
Performance
BN.TO vs. WCN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BN.TO achieves a 0.47% return, which is significantly higher than WCN.TO's -8.90% return. Over the past 10 years, BN.TO has outperformed WCN.TO with an annualized return of 30.86%, while WCN.TO has yielded a comparatively lower 18.98% annualized return.
BN.TO
- 1D
- 0.62%
- 1M
- 0.83%
- YTD
- 0.47%
- 6M
- 0.84%
- 1Y
- 82.01%
- 3Y*
- 49.71%
- 5Y*
- 31.01%
- 10Y*
- 30.86%
WCN.TO
- 1D
- 0.55%
- 1M
- 1.38%
- YTD
- -8.90%
- 6M
- -7.68%
- 1Y
- -15.08%
- 3Y*
- 7.40%
- 5Y*
- 9.00%
- 10Y*
- 18.98%
BN.TO vs. WCN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BN.TO Brookfield Corporation | 0.47% | 73.06% | 57.07% | 27.06% | -12.87% | 47.98% | 62.13% | 48.67% | -0.53% | 29.78% |
WCN.TO Waste Connections, Inc. | -8.90% | -1.69% | 25.48% | 11.09% | 4.86% | 33.02% | 11.52% | 17.27% | 14.53% | 92.32% |
Correlation
The correlation between BN.TO and WCN.TO is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.25 |
Over the past year, the correlation between BN.TO and WCN.TO has dropped to 0.04 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.
Fundamentals
BN.TO:
CA$145.56B
WCN.TO:
CA$55.87B
BN.TO:
$0.63
WCN.TO:
$4.09
BN.TO:
72.25
WCN.TO:
38.23
BN.TO:
1.27
WCN.TO:
4.20
BN.TO:
2.44
WCN.TO:
4.96
BN.TO:
$76.56B
WCN.TO:
$9.57B
BN.TO:
$18.76B
WCN.TO:
$3.76B
BN.TO:
$33.73B
WCN.TO:
$2.97B
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Return for Risk
BN.TO vs. WCN.TO — Risk / Return Rank
BN.TO
WCN.TO
BN.TO vs. WCN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Corporation (BN.TO) and Waste Connections, Inc. (WCN.TO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BN.TO | WCN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.22 | ||
| Sortino ratioReturn per unit of downside risk | +4.50 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 0.89 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | -0.72 | +4.20 |
| Martin ratioReturn relative to average drawdown | 10.01 | -1.36 | +11.38 |
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Drawdowns
BN.TO vs. WCN.TO - Drawdown Comparison
The maximum BN.TO drawdown since its inception was -63.63%, smaller than the maximum WCN.TO drawdown of -71.10%. Use the drawdown chart below to compare losses from any high point for BN.TO and WCN.TO.
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Drawdown Indicators
| BN.TO | WCN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.63% | -71.10% | +7.47% |
Max Drawdown (1Y)Largest decline over 1 year | -22.47% | -21.51% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -28.87% | -26.21% | -2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -32.27% | -26.21% | -6.06% |
Max Drawdown (10Y)Largest decline over 10 years | -46.45% | -26.53% | -19.92% |
Current DrawdownCurrent decline from peak | -6.75% | -21.70% | +14.95% |
Average DrawdownAverage peak-to-trough decline | -10.40% | -10.25% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.79% | 11.43% | -3.64% |
Volatility
BN.TO vs. WCN.TO - Volatility Comparison
Brookfield Corporation (BN.TO) has a higher volatility of 10.04% compared to Waste Connections, Inc. (WCN.TO) at 5.88%. This indicates that BN.TO's price experiences larger fluctuations and is considered to be riskier than WCN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BN.TO | WCN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.04% | 5.88% | +4.16% |
Volatility (6M)Calculated over the trailing 6-month period | 22.06% | 18.32% | +3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.52% | 22.04% | +29.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.86% | 18.59% | +17.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.66% | 24.81% | +11.85% |
Dividends
BN.TO vs. WCN.TO - Dividend Comparison
BN.TO's dividend yield for the trailing twelve months is around 0.54%, less than WCN.TO's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BN.TO Brookfield Corporation | 0.41% | 0.53% | 0.80% | 1.48% | 2.09% | 1.58% | 2.27% | 3.15% | 4.14% | 4.51% | 4.35% | 4.36% |
WCN.TO Waste Connections, Inc. | 0.86% | 0.75% | 0.65% | 0.72% | 0.68% | 0.61% | 0.78% | 0.75% | 0.74% | 0.74% | 1.22% | 1.09% |
Financials
BN.TO vs. WCN.TO - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Corporation and Waste Connections, 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
BN.TO vs. WCN.TO - Profitability Comparison
BN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported a gross profit of 1.83B and revenue of 18.35B. Therefore, the gross margin over that period was 10.0%.
WCN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Waste Connections, Inc. reported a gross profit of 683.40M and revenue of 2.33B. Therefore, the gross margin over that period was 29.3%.
BN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported an operating income of 4.38B and revenue of 18.35B, resulting in an operating margin of 23.9%.
WCN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Waste Connections, Inc. reported an operating income of 358.11M and revenue of 2.33B, resulting in an operating margin of 15.4%.
BN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported a net income of 100.33M and revenue of 18.35B, resulting in a net margin of 0.6%.
WCN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Waste Connections, Inc. reported a net income of 215.75M and revenue of 2.33B, resulting in a net margin of 9.3%.
Frequently Asked Questions
BN.TO and WCN.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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