FDX vs. WM
FDX (FedEx Corporation) and WM (Waste Management, Inc.) are both stocks. Both are in the Industrials sector — FDX in Integrated Freight & Logistics, WM in Waste Management. Over the past 10 years, FDX returned 13.56%/yr vs 15.17%/yr for WM. At a 0.27 correlation, their price movements are largely independent.
Performance
FDX vs. WM - Performance Comparison
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Returns By Period
In the year-to-date period, FDX achieves a 74.74% return, which is significantly higher than WM's -1.51% return. Over the past 10 years, FDX has underperformed WM with an annualized return of 13.56%, while WM has yielded a comparatively higher 15.17% annualized return.
FDX
- 1D
- 0.08%
- 1M
- 29.95%
- YTD
- 74.74%
- 6M
- 74.79%
- 1Y
- 130.13%
- 3Y*
- 31.63%
- 5Y*
- 14.20%
- 10Y*
- 13.56%
WM
- 1D
- -0.58%
- 1M
- -1.85%
- YTD
- -1.51%
- 6M
- 0.02%
- 1Y
- -6.51%
- 3Y*
- 10.83%
- 5Y*
- 11.10%
- 10Y*
- 15.17%
FDX vs. WM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDX FedEx Corporation | 74.74% | 5.11% | 13.49% | 49.13% | -31.64% | 0.72% | 74.27% | -4.78% | -34.67% | 35.21% |
WM Waste Management, Inc. | -1.51% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 5.46% | 30.45% | 5.32% | 24.46% |
Correlation
The correlation between FDX and WM is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1991 | 0.27 |
Over the past year, the correlation between FDX and WM has dropped to 0.01 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
Fundamentals
FDX:
$27.68
WM:
$6.91
FDX:
11.79
WM:
31.06
FDX:
0.57
WM:
3.41
FDX:
$91.93B
WM:
$25.41B
FDX:
$22.44B
WM:
$5.61B
FDX:
$10.48B
WM:
$6.96B
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Return for Risk
FDX vs. WM — Risk / Return Rank
FDX
WM
FDX vs. WM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FedEx Corporation (FDX) 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.
| FDX | WM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.68 | ||
| Sortino ratioReturn per unit of downside risk | +5.25 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 0.96 | +0.72 |
| Calmar ratioReturn relative to maximum drawdown | 11.22 | -0.39 | +11.61 |
| Martin ratioReturn relative to average drawdown | 30.03 | -0.85 | +30.88 |
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Drawdowns
FDX vs. WM - Drawdown Comparison
The maximum FDX drawdown since its inception was -71.32%, smaller than the maximum WM drawdown of -77.85%. Use the drawdown chart below to compare losses from any high point for FDX and WM.
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Drawdown Indicators
| FDX | WM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.32% | -77.85% | +6.53% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -16.70% | +5.03% |
Max Drawdown (3Y)Largest decline over 3 years | -35.85% | -18.14% | -17.71% |
Max Drawdown (5Y)Largest decline over 5 years | -51.89% | -18.14% | -33.75% |
Max Drawdown (10Y)Largest decline over 10 years | -65.97% | -30.07% | -35.90% |
Current DrawdownCurrent decline from peak | -3.70% | -12.22% | +8.52% |
Average DrawdownAverage peak-to-trough decline | -20.30% | -17.68% | -2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 7.66% | -3.31% |
Volatility
FDX vs. WM - Volatility Comparison
FedEx Corporation (FDX) has a higher volatility of 25.32% compared to Waste Management, Inc. (WM) at 6.16%. This indicates that FDX'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
| FDX | WM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.32% | 6.16% | +19.16% |
Volatility (6M)Calculated over the trailing 6-month period | 32.11% | 14.00% | +18.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.17% | 19.07% | +20.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.88% | 18.63% | +16.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.99% | 19.54% | +14.45% |
Dividends
FDX vs. WM - Dividend Comparison
FDX's dividend yield for the trailing twelve months is around 26.01%, more than WM's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDX FedEx Corporation | 26.01% | 1.98% | 1.92% | 1.95% | 2.42% | 1.12% | 1.00% | 1.72% | 1.52% | 0.76% | 0.78% | 0.64% |
WM Waste Management, Inc. | 1.65% | 1.50% | 1.49% | 1.56% | 1.66% | 1.38% | 1.85% | 1.80% | 2.09% | 1.97% | 2.31% | 2.89% |
Financials
FDX vs. WM - Financials Comparison
This section allows you to compare key financial metrics between FedEx Corporation 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
FDX vs. WM - Profitability Comparison
FDX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, FedEx Corporation reported a gross profit of 6.24B and revenue of 24.00B. Therefore, the gross margin over that period was 26.0%.
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%.
FDX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, FedEx Corporation reported an operating income of 1.35B and revenue of 24.00B, resulting in an operating margin of 5.6%.
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%.
FDX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, FedEx Corporation reported a net income of 1.06B and revenue of 24.00B, resulting in a net margin of 4.4%.
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
FDX and WM have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDX has higher volatility (25.32%) compared to WM (6.16%). In terms of maximum drawdown, FDX dropped -71.32% vs WM's -77.85%.
FDX currently has the higher Sharpe Ratio (3.34 vs -0.34), 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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