LKQ vs. WM
LKQ (LKQ Corporation) and WM (Waste Management, Inc.) are both stocks. LKQ operates in Auto Parts (Consumer Cyclical), while WM operates in Waste Management (Industrials). Over the past 10 years, LKQ returned -0.58%/yr vs 15.19%/yr for WM. At a 0.33 correlation, their price movements are largely independent.
Performance
LKQ vs. WM - Performance Comparison
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Returns By Period
In the year-to-date period, LKQ achieves a -12.96% return, which is significantly lower than WM's 0.43% return. Over the past 10 years, LKQ has underperformed WM with an annualized return of -0.58%, while WM has yielded a comparatively higher 15.19% annualized return.
LKQ
- 1D
- 1.26%
- 1M
- -5.23%
- YTD
- -12.96%
- 6M
- -12.35%
- 1Y
- -28.24%
- 3Y*
- -19.59%
- 5Y*
- -9.91%
- 10Y*
- -0.58%
WM
- 1D
- 2.59%
- 1M
- 0.87%
- YTD
- 0.43%
- 6M
- 0.15%
- 1Y
- -5.27%
- 3Y*
- 11.43%
- 5Y*
- 11.30%
- 10Y*
- 15.19%
LKQ vs. WM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LKQ LKQ Corporation | -12.96% | -14.99% | -20.92% | -8.56% | -9.24% | 71.09% | -1.29% | 50.44% | -41.65% | 32.69% |
WM Waste Management, Inc. | 0.43% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 5.46% | 30.45% | 5.32% | 24.46% |
Correlation
The correlation between LKQ and WM is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2003 | 0.33 |
Over the past year, the correlation between LKQ and WM has dropped to 0.06 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
Fundamentals
LKQ:
$6.58B
WM:
$88.50B
LKQ:
$2.01
WM:
$6.91
LKQ:
12.79
WM:
31.67
LKQ:
0.48
WM:
3.48
LKQ:
1.02
WM:
8.83
LKQ:
$13.92B
WM:
$25.41B
LKQ:
$5.25B
WM:
$5.61B
LKQ:
$1.37B
WM:
$6.96B
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Return for Risk
LKQ vs. WM — Risk / Return Rank
LKQ
WM
LKQ vs. WM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LKQ Corporation (LKQ) 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.
| LKQ | WM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.97 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.32 | -0.48 |
| Martin ratioReturn relative to average drawdown | -1.35 | -0.68 | -0.67 |
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Drawdowns
LKQ vs. WM - Drawdown Comparison
The maximum LKQ drawdown since its inception was -68.02%, smaller than the maximum WM drawdown of -77.85%. Use the drawdown chart below to compare losses from any high point for LKQ and WM.
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Drawdown Indicators
| LKQ | WM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.02% | -77.85% | +9.83% |
Max Drawdown (1Y)Largest decline over 1 year | -35.54% | -16.70% | -18.84% |
Max Drawdown (3Y)Largest decline over 3 years | -54.80% | -18.14% | -36.66% |
Max Drawdown (5Y)Largest decline over 5 years | -54.80% | -18.14% | -36.66% |
Max Drawdown (10Y)Largest decline over 10 years | -68.02% | -30.07% | -37.95% |
Current DrawdownCurrent decline from peak | -52.05% | -10.49% | -41.56% |
Average DrawdownAverage peak-to-trough decline | -16.06% | -17.68% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.96% | 7.73% | +13.23% |
Volatility
LKQ vs. WM - Volatility Comparison
LKQ Corporation (LKQ) has a higher volatility of 8.17% compared to Waste Management, Inc. (WM) at 6.58%. This indicates that LKQ'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
| LKQ | WM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.17% | 6.58% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 24.00% | 14.22% | +9.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.75% | 19.24% | +16.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.00% | 18.65% | +11.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.76% | 19.57% | +14.19% |
Dividends
LKQ vs. WM - Dividend Comparison
LKQ's dividend yield for the trailing twelve months is around 4.66%, more than WM's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LKQ LKQ Corporation | 4.66% | 3.97% | 3.27% | 2.35% | 1.92% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WM Waste Management, Inc. | 1.62% | 1.50% | 1.49% | 1.56% | 1.66% | 1.38% | 1.85% | 1.80% | 2.09% | 1.97% | 2.31% | 2.89% |
Financials
LKQ vs. WM - Financials Comparison
This section allows you to compare key financial metrics between LKQ Corporation 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
LKQ vs. WM - Profitability Comparison
LKQ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, LKQ Corporation reported a gross profit of 1.33B and revenue of 3.47B. Therefore, the gross margin over that period was 38.4%.
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%.
LKQ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, LKQ Corporation reported an operating income of 217.00M and revenue of 3.47B, resulting in an operating margin of 6.3%.
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%.
LKQ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, LKQ Corporation reported a net income of 79.00M and revenue of 3.47B, resulting in a net margin of 2.3%.
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
LKQ and WM have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LKQ has higher volatility (8.17%) compared to WM (6.58%). In terms of maximum drawdown, LKQ dropped -68.02% vs WM's -77.85%.
WM currently has the higher Sharpe Ratio (-0.28 vs -0.79), 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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