GFL vs. WM
GFL (GFL Environmental Inc.) and WM (Waste Management, Inc.) are both stocks. Both operate in the Waste Management industry within the Industrials sector. Over the past 5 years, GFL returned 3.73%/yr vs 10.46%/yr for WM. Their 0.41 correlation means their historical movements had little consistent relationship.
Performance
GFL vs. WM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GFL achieves a -2.10% return, which is significantly lower than WM's 3.92% return.
GFL
- 1D
- 1.65%
- 1M
- 12.11%
- 6M
- -1.54%
- YTD
- -2.10%
- 1Y
- -15.50%
- 3Y*
- 8.54%
- 5Y*
- 3.73%
- 10Y*
- —
- ALL TIME*
- 14.80%
WM
- 1D
- -0.05%
- 1M
- -1.72%
- 6M
- 2.31%
- YTD
- 3.92%
- 1Y
- 0.52%
- 3Y*
- 13.90%
- 5Y*
- 10.46%
- 10Y*
- 15.18%
- ALL TIME*
- 10.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $106.97M | $123.67M | $109.22M | |
| $465.09M | $427.44M | $486.80M |
GFL vs. WM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GFL GFL Environmental Inc. | -2.10% | -3.44% | 29.26% | 18.24% | -22.65% | 29.88% | 67.01% |
WM Waste Management, Inc. | 3.92% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 2.70% |
Correlation
The correlation between GFL and WM is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2020 | 0.41 |
The correlation between GFL and WM shifts across timeframes, from 0.41 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
GFL:
$14.66B
WM:
$90.51B
GFL:
-CA$0.62
WM:
$7.06
GFL:
3.08
WM:
3.57
GFL:
2.89
WM:
9.20
GFL:
CA$6.97B
WM:
$25.67B
GFL:
CA$1.39B
WM:
$3.73B
GFL:
CA$1.79B
WM:
$6.62B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GFL vs. WM — Risk / Return Rank
GFL
WM
GFL vs. WM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GFL Environmental Inc. (GFL) 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.
| GFL | WM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.02 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 0.03 | -0.49 |
| Martin ratioReturn relative to average drawdown | -0.86 | 0.07 | -0.92 |
Loading charts...
Drawdowns
GFL vs. WM - Drawdown Comparison
The maximum GFL drawdown since its inception was -42.76%, smaller than the maximum WM drawdown of -77.85%. Use the drawdown chart below to compare losses from any high point for GFL and WM.
Loading charts...
Drawdown Indicators
| GFL | WM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.76% | -77.85% | +35.09% |
Max Drawdown (1Y)Largest decline over 1 year | -34.20% | -16.70% | -17.50% |
Max Drawdown (3Y)Largest decline over 3 years | -34.88% | -18.14% | -16.74% |
Max Drawdown (5Y)Largest decline over 5 years | -42.76% | -18.14% | -24.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.07% | — |
Current DrawdownCurrent decline from peak | -18.42% | -7.38% | -11.04% |
Average DrawdownAverage peak-to-trough decline | -14.63% | -17.64% | +3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.11% | 7.88% | +10.23% |
Volatility
GFL vs. WM - Volatility Comparison
GFL Environmental Inc. (GFL) has a higher volatility of 10.65% compared to Waste Management, Inc. (WM) at 8.40%. This indicates that GFL'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.
Loading charts...
Volatility by Period
| GFL | WM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.65% | 8.40% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 24.03% | 15.76% | +8.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.27% | 20.32% | +6.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.98% | 19.00% | +10.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.00% | 19.74% | +13.26% |
Dividends
GFL vs. WM - Dividend Comparison
GFL's dividend yield for the trailing twelve months is around 0.15%, less than WM's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GFL GFL Environmental Inc. | 0.15% | 0.14% | 0.12% | 0.15% | 0.16% | 0.11% | 0.10% | 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
GFL vs. WM - Financials Comparison
This section allows you to compare key financial metrics between GFL Environmental 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
GFL vs. WM - Profitability Comparison
GFL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, GFL Environmental Inc. reported a gross profit of 385.97M and revenue of 1.95B. Therefore, the gross margin over that period was 19.8%.
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%.
GFL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, GFL Environmental Inc. reported an operating income of 109.55M and revenue of 1.95B, 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 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%.
GFL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, GFL Environmental Inc. reported a net income of -159.87M and revenue of 1.95B, resulting in a net margin of -8.2%.
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
GFL and WM have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GFL has higher volatility (10.65%) compared to WM (8.40%). In terms of maximum drawdown, GFL dropped -42.76% vs WM's -77.85%.
WM currently has the higher Sharpe Ratio (0.03 vs -0.57), 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.
Find the right allocation for GFL and WM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer