CLH vs. WM
CLH (Clean Harbors, Inc.) and WM (Waste Management, Inc.) are both stocks. Both operate in the Waste Management industry within the Industrials sector. Over the past 10 years, CLH returned 19.84%/yr vs 15.16%/yr for WM. Their 0.22 correlation means their historical movements had little consistent relationship.
Performance
CLH vs. WM - Performance Comparison
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Returns By Period
In the year-to-date period, CLH achieves a 33.44% return, which is significantly higher than WM's 3.97% return. Over the past 10 years, CLH has outperformed WM with an annualized return of 19.84%, while WM has yielded a comparatively lower 15.16% annualized return.
CLH
- 1D
- -1.35%
- 1M
- 7.45%
- 6M
- 20.38%
- YTD
- 33.44%
- 1Y
- 33.61%
- 3Y*
- 23.34%
- 5Y*
- 26.92%
- 10Y*
- 19.84%
- ALL TIME*
- 19.29%
WM
- 1D
- 0.10%
- 1M
- -1.67%
- 6M
- 2.79%
- YTD
- 3.97%
- 1Y
- 0.57%
- 3Y*
- 13.43%
- 5Y*
- 10.57%
- 10Y*
- 15.16%
- ALL TIME*
- 10.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $176.63M | $150.14M | $163.26M | |
| $446.41M | $426.54M | $482.07M |
CLH vs. WM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLH Clean Harbors, Inc. | 33.44% | 1.89% | 31.88% | 52.92% | 14.38% | 31.10% | -11.25% | 73.76% | -8.95% | -2.61% |
WM Waste Management, Inc. | 3.97% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 5.46% | 30.45% | 5.32% | 24.46% |
Correlation
The correlation between CLH and WM is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1991 | 0.22 |
The correlation between CLH and WM shifts across timeframes, from 0.22 (all time) to 0.41 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CLH:
$16.52B
WM:
$90.56B
CLH:
$8.24
WM:
$7.06
CLH:
37.96
WM:
32.09
CLH:
1.51
WM:
2.62
CLH:
2.67
WM:
3.57
CLH:
5.66
WM:
9.20
CLH:
$6.24B
WM:
$25.67B
CLH:
$1.66B
WM:
$3.73B
CLH:
$1.22B
WM:
$6.62B
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Return for Risk
CLH vs. WM — Risk / Return Rank
CLH
WM
CLH vs. WM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clean Harbors, Inc. (CLH) 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.
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.
| CLH | WM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.02 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 0.03 | +1.66 |
| Martin ratioReturn relative to average drawdown | 5.03 | 0.06 | +4.97 |
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Drawdowns
CLH vs. WM - Drawdown Comparison
The maximum CLH drawdown since its inception was -93.48%, which is greater than WM's maximum drawdown of -77.85%. Use the drawdown chart below to compare losses from any high point for CLH and WM.
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Drawdown Indicators
| CLH | WM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.48% | -77.85% | -15.63% |
Max Drawdown (1Y)Largest decline over 1 year | -19.45% | -16.70% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -30.86% | -18.14% | -12.72% |
Max Drawdown (5Y)Largest decline over 5 years | -30.86% | -18.14% | -12.72% |
Max Drawdown (10Y)Largest decline over 10 years | -64.51% | -30.07% | -34.44% |
Current DrawdownCurrent decline from peak | -4.12% | -7.33% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -32.79% | -17.64% | -15.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.51% | 7.86% | -1.35% |
Volatility
CLH vs. WM - Volatility Comparison
Clean Harbors, Inc. (CLH) and Waste Management, Inc. (WM) have volatilities of 8.83% and 8.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLH | WM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.83% | 8.87% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 20.06% | 15.76% | +4.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.34% | 20.33% | +8.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.74% | 19.01% | +9.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.80% | 19.73% | +15.07% |
Dividends
CLH vs. WM - Dividend Comparison
CLH has not paid dividends to shareholders, while WM's dividend yield for the trailing twelve months is around 1.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLH Clean Harbors, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
CLH vs. WM - Financials Comparison
This section allows you to compare key financial metrics between Clean Harbors, 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
CLH vs. WM - Profitability Comparison
CLH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Clean Harbors, Inc. reported a gross profit of 483.47M and revenue of 1.74B. Therefore, the gross margin over that period was 27.9%.
WM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Waste Management, Inc. reported a gross profit of -2.53B and revenue of 6.68B. Therefore, the gross margin over that period was -37.9%.
CLH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Clean Harbors, Inc. reported an operating income of 268.90M and revenue of 1.74B, resulting in an operating margin of 15.5%.
WM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Waste Management, Inc. reported an operating income of 1.25B and revenue of 6.68B, resulting in an operating margin of 18.8%.
CLH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Clean Harbors, Inc. reported a net income of 170.46M and revenue of 1.74B, resulting in a net margin of 9.8%.
WM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Waste Management, Inc. reported a net income of 785.00M and revenue of 6.68B, resulting in a net margin of 11.7%.
Frequently Asked Questions
CLH and WM have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WM has higher volatility (8.87%) compared to CLH (8.83%). In terms of maximum drawdown, CLH dropped -93.48% vs WM's -77.85%.
CLH currently has the higher Sharpe Ratio (1.16 vs 0.02), 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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