IXN vs. WM
IXN (iShares Global Tech ETF) is Technology Equities fund tracking the S&P Global Information Technology Sector Index, while WM (Waste Management, Inc.) is a stock. Over the past 10 years, IXN returned 25.03%/yr vs 15.36%/yr for WM. At a 0.39 correlation, their price movements are largely independent.
Performance
IXN vs. WM - Performance Comparison
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Returns By Period
In the year-to-date period, IXN achieves a 33.08% return, which is significantly higher than WM's 0.71% return. Over the past 10 years, IXN has outperformed WM with an annualized return of 25.03%, while WM has yielded a comparatively lower 15.36% annualized return.
IXN
- 1D
- 0.42%
- 1M
- 3.37%
- YTD
- 33.08%
- 6M
- 35.17%
- 1Y
- 62.93%
- 3Y*
- 32.38%
- 5Y*
- 21.51%
- 10Y*
- 25.03%
WM
- 1D
- 0.30%
- 1M
- 0.26%
- YTD
- 0.71%
- 6M
- 2.63%
- 1Y
- -5.72%
- 3Y*
- 12.33%
- 5Y*
- 11.14%
- 10Y*
- 15.36%
IXN vs. WM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 33.08% | 25.25% | 24.84% | 52.98% | -29.86% | 29.58% | 43.62% | 47.88% | -5.44% | 41.23% |
WM Waste Management, Inc. | 0.71% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 5.46% | 30.45% | 5.32% | 24.46% |
Correlation
The correlation between IXN and WM is -0.35, 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 | -0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2001 | 0.39 |
The correlation between IXN and WM shifts across timeframes, from -0.35 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IXN vs. WM — Risk / Return Rank
IXN
WM
IXN vs. WM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) 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.
| IXN | WM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.84 | ||
| Sortino ratioReturn per unit of downside risk | +3.41 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.96 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 4.39 | -0.36 | +4.75 |
| Martin ratioReturn relative to average drawdown | 14.35 | -0.79 | +15.14 |
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Drawdowns
IXN vs. WM - Drawdown Comparison
The maximum IXN drawdown since its inception was -55.67%, smaller than the maximum WM drawdown of -77.85%. Use the drawdown chart below to compare losses from any high point for IXN and WM.
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Drawdown Indicators
| IXN | WM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -77.85% | +22.18% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -16.70% | +2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -25.55% | -18.14% | -7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -36.30% | -18.14% | -18.16% |
Max Drawdown (10Y)Largest decline over 10 years | -36.30% | -30.07% | -6.23% |
Current DrawdownCurrent decline from peak | -6.68% | -10.24% | +3.56% |
Average DrawdownAverage peak-to-trough decline | -11.26% | -17.69% | +6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 7.58% | -3.37% |
Volatility
IXN vs. WM - Volatility Comparison
iShares Global Tech ETF (IXN) has a higher volatility of 12.01% compared to Waste Management, Inc. (WM) at 6.13%. This indicates that IXN'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
| IXN | WM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.01% | 6.13% | +5.88% |
Volatility (6M)Calculated over the trailing 6-month period | 20.45% | 14.08% | +6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.03% | 19.03% | +5.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.19% | 18.62% | +6.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.58% | 19.54% | +5.04% |
Dividends
IXN vs. WM - Dividend Comparison
IXN's dividend yield for the trailing twelve months is around 0.78%, less than WM's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.78% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
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% |
Frequently Asked Questions
IXN and WM have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXN has higher volatility (12.01%) compared to WM (6.13%). In terms of maximum drawdown, IXN dropped -55.67% vs WM's -77.85%.
IXN currently has the higher Sharpe Ratio (2.52 vs -0.32), 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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