HLMA.L vs. WM
HLMA.L (Halma plc) and WM (Waste Management, Inc.) are both stocks. Both are in the Industrials sector — HLMA.L in Conglomerates, WM in Waste Management. Over the past 10 years, HLMA.L returned 16.28%/yr vs 15.95%/yr for WM. At a 0.16 correlation, their price movements are largely independent.
Performance
HLMA.L vs. WM - Performance Comparison
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Different Trading Currencies
HLMA.L is traded in GBp, while WM is traded in USD. To make them comparable, the WM values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, HLMA.L achieves a 10.18% return, which is significantly higher than WM's 1.23% return. Both investments have delivered pretty close results over the past 10 years, with HLMA.L having a 16.28% annualized return and WM not far behind at 15.95%.
HLMA.L
- 1D
- -0.76%
- 1M
- -14.52%
- YTD
- 10.18%
- 6M
- 12.58%
- 1Y
- 25.83%
- 3Y*
- 17.67%
- 5Y*
- 8.21%
- 10Y*
- 16.28%
WM
- 1D
- 0.39%
- 1M
- 2.73%
- YTD
- 1.23%
- 6M
- 2.37%
- 1Y
- -4.49%
- 3Y*
- 10.07%
- 5Y*
- 12.30%
- 10Y*
- 15.95%
HLMA.L vs. WM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLMA.L Halma plc | 10.18% | 32.52% | 18.70% | 16.78% | -37.74% | 31.48% | 16.58% | 56.35% | 9.47% | 42.10% |
WM Waste Management, Inc. | 1.23% | 2.63% | 16.28% | 10.39% | 6.86% | 45.18% | 2.37% | 25.49% | 11.57% | 13.70% |
Correlation
The correlation between HLMA.L and WM is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2007 | 0.16 |
The correlation between HLMA.L and WM shifts across timeframes, from -0.10 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
Fundamentals
HLMA.L:
£14.80B
WM:
$88.75B
HLMA.L:
£1.55
WM:
$6.91
HLMA.L:
25.12
WM:
31.76
HLMA.L:
2.16
WM:
2.60
HLMA.L:
3.48
WM:
3.49
HLMA.L:
6.83
WM:
8.86
HLMA.L:
£4.24B
WM:
$25.41B
HLMA.L:
£1.11B
WM:
$5.61B
HLMA.L:
£1.04B
WM:
$6.96B
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Return for Risk
HLMA.L vs. WM — Risk / Return Rank
HLMA.L
WM
HLMA.L vs. WM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Halma plc (HLMA.L) 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.
| HLMA.L | WM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.98 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | -0.30 | +1.58 |
| Martin ratioReturn relative to average drawdown | 6.59 | -0.60 | +7.19 |
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Drawdowns
HLMA.L vs. WM - Drawdown Comparison
The maximum HLMA.L drawdown since its inception was -42.86%, which is greater than WM's maximum drawdown of -30.43%. Use the drawdown chart below to compare losses from any high point for HLMA.L and WM.
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Drawdown Indicators
| HLMA.L | WM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.86% | -30.43% | -12.43% |
Max Drawdown (1Y)Largest decline over 1 year | -20.09% | -14.88% | -5.21% |
Max Drawdown (3Y)Largest decline over 3 years | -25.04% | -18.24% | -6.80% |
Max Drawdown (5Y)Largest decline over 5 years | -42.86% | -21.17% | -21.69% |
Max Drawdown (10Y)Largest decline over 10 years | -42.86% | -26.92% | -15.94% |
Current DrawdownCurrent decline from peak | -20.09% | -10.40% | -9.69% |
Average DrawdownAverage peak-to-trough decline | -10.18% | -7.04% | -3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 7.49% | -3.58% |
Volatility
HLMA.L vs. WM - Volatility Comparison
Halma plc (HLMA.L) has a higher volatility of 18.86% compared to Waste Management, Inc. (WM) at 6.77%. This indicates that HLMA.L'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
| HLMA.L | WM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.86% | 6.77% | +12.09% |
Volatility (6M)Calculated over the trailing 6-month period | 26.16% | 15.48% | +10.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.32% | 20.41% | +8.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.81% | 19.51% | +7.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.19% | 20.82% | +4.37% |
Dividends
HLMA.L vs. WM - Dividend Comparison
HLMA.L's dividend yield for the trailing twelve months is around 0.61%, less than WM's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLMA.L Halma plc | 0.61% | 0.67% | 0.83% | 0.91% | 0.98% | 0.57% | 0.69% | 0.76% | 1.11% | 1.12% | 0.00% | 0.00% |
WM Waste Management, Inc. | 1.61% | 1.50% | 1.49% | 1.56% | 1.66% | 1.38% | 1.85% | 1.80% | 2.09% | 1.97% | 2.31% | 2.89% |
Financials
HLMA.L vs. WM - Financials Comparison
This section allows you to compare key financial metrics between Halma plc 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
HLMA.L vs. WM - Profitability Comparison
HLMA.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Halma plc reported a gross profit of 0.00 and revenue of 1.34B. Therefore, the gross margin over that period was 0.0%.
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%.
HLMA.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Halma plc reported an operating income of 268.90M and revenue of 1.34B, resulting in an operating margin of 20.0%.
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%.
HLMA.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Halma plc reported a net income of 185.50M and revenue of 1.34B, resulting in a net margin of 13.8%.
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
HLMA.L and WM have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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