IYC vs. WM
IYC (iShares U.S. Consumer Discretionary ETF) is Consumer Discretionary Equities fund tracking the Dow Jones U.S. Consumer Services Index, while WM (Waste Management, Inc.) is a stock. Over the past 10 years, IYC returned 11.39%/yr vs 15.74%/yr for WM. At a 0.46 correlation, their price movements are largely independent.
Performance
IYC vs. WM - Performance Comparison
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Returns By Period
In the year-to-date period, IYC achieves a -0.76% return, which is significantly lower than WM's 11.18% return. Over the past 10 years, IYC has underperformed WM with an annualized return of 11.39%, while WM has yielded a comparatively higher 15.74% annualized return.
IYC
- 1D
- 0.81%
- 1M
- -0.37%
- 6M
- -3.76%
- YTD
- -0.76%
- 1Y
- 2.78%
- 3Y*
- 12.43%
- 5Y*
- 6.38%
- 10Y*
- 11.39%
WM
- 1D
- 4.06%
- 1M
- 10.82%
- 6M
- 11.10%
- YTD
- 11.18%
- 1Y
- 8.98%
- 3Y*
- 14.77%
- 5Y*
- 12.43%
- 10Y*
- 15.74%
IYC vs. WM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYC iShares U.S. Consumer Discretionary ETF | -0.76% | 7.85% | 27.54% | 34.03% | -31.78% | 19.65% | 24.58% | 27.36% | 1.76% | 19.87% |
WM Waste Management, Inc. | 11.18% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 5.46% | 30.45% | 5.32% | 24.46% |
Correlation
The correlation between IYC and WM is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2000 | 0.46 |
The correlation between IYC and WM shifts across timeframes, from -0.03 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IYC vs. WM — Risk / Return Rank
IYC
WM
IYC vs. WM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Consumer Discretionary ETF (IYC) 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.
| IYC | WM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.09 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 0.54 | -0.31 |
| Martin ratioReturn relative to average drawdown | 0.63 | 1.15 | -0.52 |
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Drawdowns
IYC vs. WM - Drawdown Comparison
The maximum IYC drawdown since its inception was -53.10%, smaller than the maximum WM drawdown of -77.85%. Use the drawdown chart below to compare losses from any high point for IYC and WM.
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Drawdown Indicators
| IYC | WM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.10% | -77.85% | +24.75% |
Max Drawdown (1Y)Largest decline over 1 year | -11.97% | -16.70% | +4.73% |
Max Drawdown (3Y)Largest decline over 3 years | -21.62% | -18.14% | -3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -35.90% | -18.14% | -17.76% |
Max Drawdown (10Y)Largest decline over 10 years | -35.90% | -30.07% | -5.83% |
Current DrawdownCurrent decline from peak | -4.51% | -0.91% | -3.60% |
Average DrawdownAverage peak-to-trough decline | -9.93% | -17.66% | +7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 7.83% | -3.44% |
Volatility
IYC vs. WM - Volatility Comparison
The current volatility for iShares U.S. Consumer Discretionary ETF (IYC) is 4.73%, while Waste Management, Inc. (WM) has a volatility of 7.49%. This indicates that IYC experiences smaller price fluctuations and is considered to be less risky 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
| IYC | WM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.73% | 7.49% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 11.36% | 15.45% | -4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.68% | 19.98% | -5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.83% | 18.89% | +1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.90% | 19.67% | +0.23% |
Dividends
IYC vs. WM - Dividend Comparison
IYC's dividend yield for the trailing twelve months is around 0.50%, less than WM's 1.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYC iShares U.S. Consumer Discretionary ETF | 0.50% | 0.51% | 0.47% | 0.68% | 0.68% | 0.39% | 0.65% | 0.89% | 0.90% | 0.92% | 1.10% | 1.03% |
WM Waste Management, Inc. | 1.46% | 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
IYC and WM have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WM has higher volatility (7.49%) compared to IYC (4.73%). In terms of maximum drawdown, IYC dropped -53.10% vs WM's -77.85%.
WM currently has the higher Sharpe Ratio (0.45 vs 0.19), 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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