KNX vs. WCN

Last updated Apr 1, 2026

Compare and contrast key facts about Knight-Swift Transportation Holdings Inc. (KNX) and Waste Connections, Inc. (WCN).

Performance

KNX vs. WCN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Knight-Swift Transportation Holdings Inc. (KNX) and Waste Connections, Inc. (WCN). The values are adjusted to include any dividend payments, if applicable.

KNX vs. WCN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KNX Knight-Swift Transportation Holdings Inc.	10.50%	0.09%	-6.86%	11.11%	-13.20%	46.82%	17.64%	44.01%	-42.30%	33.16%
WCN Waste Connections, Inc.	-7.17%	2.92%	15.72%	13.47%	-2.02%	33.80%	13.86%	23.19%	5.47%	36.47%

Fundamentals

EPS KNX : $0.41 WCN : $6.25
PE Ratio KNX : 142.05 WCN : 25.98
PS Ratio KNX : 1.25 WCN : 2.95
Total Revenue (TTM) KNX : $7.47B WCN : $9.47B
Gross Profit (TTM) KNX : $1.39B WCN : $3.00B
EBITDA (TTM) KNX : $917.18M WCN : $2.67B

Returns By Period

In the year-to-date period, KNX achieves a 10.50% return, which is significantly higher than WCN's -7.17% return. Over the past 10 years, KNX has underperformed WCN with an annualized return of 9.37%, while WCN has yielded a comparatively higher 15.04% annualized return.

KNX

• 1D: 3.82%
• 1M: -8.19%
• YTD: 10.50%
• 6M: 46.73%
• 1Y: 34.39%
• 3Y*: 1.88%
• 5Y*: 4.54%
• 10Y*: 9.37%

WCN

• 1D: 0.36%
• 1M: -5.63%
• YTD: -7.17%
• 6M: -7.21%
• 1Y: -16.15%
• 3Y*: 6.08%
• 5Y*: 9.01%
• 10Y*: 15.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

KNX vs. WCN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KNX

KNX Risk / Return Rank: 70
KNX Sharpe Ratio Rank: 71
KNX Sortino Ratio Rank: 66
KNX Omega Ratio Rank: 64
KNX Calmar Ratio Rank: 75
KNX Martin Ratio Rank: 72

WCN

WCN Risk / Return Rank: 14
WCN Sharpe Ratio Rank: 11
WCN Sortino Ratio Rank: 13
WCN Omega Ratio Rank: 13
WCN Calmar Ratio Rank: 18
WCN Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	0.84	-0.75	+1.59
Sortino ratio Return per unit of downside risk	1.41	-0.90	+2.31
Omega ratio Gain probability vs. loss probability	1.18	0.88	+0.30
Calmar ratio Return relative to maximum drawdown	1.81	-0.71	+2.52
Martin ratio Return relative to average drawdown	3.91	-1.31	+5.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KNX vs. WCN - Sharpe Ratio Comparison

The current KNX Sharpe Ratio is 0.84, which is higher than the WCN Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of KNX and WCN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KNX	WCN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	-0.75	+1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.48	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.77	-0.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.56	-0.30

Correlation

The correlation between KNX and WCN is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

KNX vs. WCN - Dividend Comparison

KNX's dividend yield for the trailing twelve months is around 1.29%, more than WCN's 0.82% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KNX Knight-Swift Transportation Holdings Inc.	1.29%	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.	0.82%	0.74%	0.68%	0.70%	0.71%	0.62%	0.74%	0.73%	0.78%	0.70%	1.20%	1.86%

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.

Drawdown Indicators

	KNX	WCN	Difference
Max Drawdown Largest peak-to-trough decline	-67.93%	-68.85%	+0.92%
Max Drawdown (1Y) Largest decline over 1 year	-18.91%	-21.39%	+2.48%
Max Drawdown (5Y) Largest decline over 5 years	-38.04%	-21.39%	-16.65%
Max Drawdown (10Y) Largest decline over 10 years	-51.57%	-31.59%	-19.98%
Current Drawdown Current decline from peak	-9.02%	-18.15%	+9.13%
Average Drawdown Average peak-to-trough decline	-16.35%	-8.31%	-8.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.75%	11.59%	-2.84%

Volatility

KNX vs. WCN - Volatility Comparison

Knight-Swift Transportation Holdings Inc. (KNX) has a higher volatility of 13.10% compared to Waste Connections, Inc. (WCN) at 6.88%. 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.

Volatility by Period

	KNX	WCN	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.10%	6.88%	+6.22%
Volatility (6M) Calculated over the trailing 6-month period	28.91%	16.32%	+12.59%
Volatility (1Y) Calculated over the trailing 1-year period	41.17%	21.64%	+19.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.44%	18.83%	+13.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.56%	19.62%	+13.94%

Financials

KNX vs. WCN - Profitability Comparison

The chart below illustrates the profitability comparison between Knight-Swift Transportation Holdings Inc. and Waste Connections, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

KNX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Knight-Swift Transportation Holdings Inc. reported a gross profit of 624.32M and revenue of 1.86B. Therefore, the gross margin over that period was 33.6%.

WCN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 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 Apr 2026, Knight-Swift Transportation Holdings Inc. reported an operating income of 26.46M and revenue of 1.86B, resulting in an operating margin of 1.4%.

WCN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Waste Connections, Inc. reported an operating income of 420.83M and revenue of 2.37B, resulting in an operating margin of 17.7%.

KNX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Knight-Swift Transportation Holdings Inc. reported a net income of -6.80M and revenue of 1.86B, resulting in a net margin of -0.4%.

WCN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Waste Connections, Inc. reported a net income of 258.50M and revenue of 2.37B, resulting in a net margin of 10.9%.