KNX vs. WCN
KNX (Knight-Swift Transportation Holdings Inc.) and WCN (Waste Connections, Inc.) are both stocks. Both are in the Industrials sector — KNX in Trucking, WCN in Waste Management. Over the past 10 years, KNX returned 12.58%/yr vs 13.26%/yr for WCN. At a 0.26 correlation, their price movements are largely independent.
Performance
KNX vs. WCN - Performance Comparison
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Returns By Period
In the year-to-date period, KNX achieves a 50.21% return, which is significantly higher than WCN's -13.58% return. Over the past 10 years, KNX has underperformed WCN with an annualized return of 12.58%, while WCN has yielded a comparatively higher 13.26% annualized return.
KNX
- 1D
- 0.84%
- 1M
- 25.96%
- YTD
- 50.21%
- 6M
- 55.37%
- 1Y
- 77.42%
- 3Y*
- 12.63%
- 5Y*
- 11.84%
- 10Y*
- 12.58%
WCN
- 1D
- 1.21%
- 1M
- -5.84%
- YTD
- -13.58%
- 6M
- -13.03%
- 1Y
- -21.30%
- 3Y*
- 3.41%
- 5Y*
- 5.22%
- 10Y*
- 13.26%
KNX vs. WCN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KNX Knight-Swift Transportation Holdings Inc. | 50.21% | 0.09% | -6.86% | 11.11% | -13.20% | 46.82% | 17.64% | 44.01% | -42.30% | 33.16% |
WCN Waste Connections, Inc. | -13.58% | 2.92% | 15.72% | 13.47% | -2.02% | 33.80% | 13.86% | 23.19% | 5.47% | 36.47% |
Correlation
The correlation between KNX and WCN is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 26, 1998 | 0.26 |
The correlation between KNX and WCN shifts across timeframes, from 0.11 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
Fundamentals
KNX:
$0.21
WCN:
$5.48
KNX:
374.89
WCN:
27.55
KNX:
1.70
WCN:
3.02
KNX:
$7.50B
WCN:
$9.65B
KNX:
$2.29B
WCN:
$2.77B
KNX:
$912.37M
WCN:
$2.68B
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Return for Risk
KNX vs. WCN — Risk / Return Rank
KNX
WCN
KNX vs. WCN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Knight-Swift Transportation Holdings Inc. (KNX) and Waste Connections, Inc. (WCN). 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.
| KNX | WCN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.99 | ||
| Sortino ratioReturn per unit of downside risk | +4.16 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.83 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | -0.98 | +5.10 |
| Martin ratioReturn relative to average drawdown | 9.85 | -1.89 | +11.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KNX | WCN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | -1.00 | +2.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.27 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.68 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.55 | -0.27 |
Drawdowns
KNX vs. WCN - Drawdown Comparison
The maximum KNX drawdown since its inception was -67.93%, roughly equal to the maximum WCN drawdown of -68.85%. Use the drawdown chart below to compare losses from any high point for KNX and WCN.
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Drawdown Indicators
| KNX | WCN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.93% | -68.85% | +0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -18.91% | -21.79% | +2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -35.85% | -24.75% | -11.10% |
Max Drawdown (5Y)Largest decline over 5 years | -38.04% | -24.75% | -13.29% |
Max Drawdown (10Y)Largest decline over 10 years | -51.57% | -31.59% | -19.98% |
Current DrawdownCurrent decline from peak | 0.00% | -23.80% | +23.80% |
Average DrawdownAverage peak-to-trough decline | -16.28% | -8.39% | -7.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.89% | 11.79% | -3.90% |
Volatility
KNX vs. WCN - Volatility Comparison
Knight-Swift Transportation Holdings Inc. (KNX) has a higher volatility of 15.71% compared to Waste Connections, Inc. (WCN) at 5.15%. This indicates that KNX's price experiences larger fluctuations and is considered to be riskier than WCN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KNX | WCN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.71% | 5.15% | +10.56% |
Volatility (6M)Calculated over the trailing 6-month period | 28.36% | 17.72% | +10.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.09% | 21.41% | +17.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.34% | 19.27% | +14.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.90% | 19.71% | +14.19% |
Dividends
KNX vs. WCN - Dividend Comparison
KNX's dividend yield for the trailing twelve months is around 0.95%, more than WCN's 0.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KNX Knight-Swift Transportation Holdings Inc. | 0.95% | 1.38% | 1.21% | 0.97% | 0.92% | 0.62% | 0.77% | 0.67% | 0.96% | 0.55% | 0.73% | 0.99% |
WCN Waste Connections, Inc. | 0.90% | 0.74% | 0.68% | 0.70% | 0.71% | 0.62% | 0.74% | 0.73% | 0.78% | 0.70% | 1.20% | 1.86% |
Financials
KNX vs. WCN - Financials Comparison
This section allows you to compare key financial metrics between Knight-Swift Transportation Holdings Inc. and Waste Connections, 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
KNX vs. WCN - Profitability Comparison
KNX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Knight-Swift Transportation Holdings Inc. reported a gross profit of 611.56M and revenue of 1.85B. Therefore, the gross margin over that period was 33.1%.
WCN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Waste Connections, Inc. reported a gross profit of 0.00 and revenue of 2.37B. Therefore, the gross margin over that period was 0.0%.
KNX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Knight-Swift Transportation Holdings Inc. reported an operating income of 28.58M and revenue of 1.85B, resulting in an operating margin of 1.5%.
WCN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Waste Connections, Inc. reported an operating income of 364.08M and revenue of 2.37B, resulting in an operating margin of 15.4%.
KNX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Knight-Swift Transportation Holdings Inc. reported a net income of -1.32M and revenue of 1.85B, resulting in a net margin of -0.1%.
WCN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Waste Connections, Inc. reported a net income of 219.34M and revenue of 2.37B, resulting in a net margin of 9.3%.
Frequently Asked Questions
KNX and WCN have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KNX has higher volatility (15.71%) compared to WCN (5.15%). In terms of maximum drawdown, KNX dropped -67.93% vs WCN's -68.85%.
KNX currently has the higher Sharpe Ratio (1.99 vs -1.00), 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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