SPGI vs. WM
SPGI (S&P Global Inc.) and WM (Waste Management, Inc.) are both stocks. SPGI operates in Financial Data & Stock Exchanges (Financial Services), while WM operates in Waste Management (Industrials). Over the past 10 years, SPGI returned 15.58%/yr vs 15.25%/yr for WM. At a 0.39 correlation, their price movements are largely independent.
Performance
SPGI vs. WM - Performance Comparison
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Returns By Period
In the year-to-date period, SPGI achieves a -19.82% return, which is significantly lower than WM's -0.81% return. Both investments have delivered pretty close results over the past 10 years, with SPGI having a 15.58% annualized return and WM not far behind at 15.25%.
SPGI
- 1D
- -1.73%
- 1M
- -0.49%
- YTD
- -19.82%
- 6M
- -14.85%
- 1Y
- -19.02%
- 3Y*
- 3.63%
- 5Y*
- 2.49%
- 10Y*
- 15.58%
WM
- 1D
- -1.93%
- 1M
- 0.79%
- YTD
- -0.81%
- 6M
- 3.67%
- 1Y
- -7.08%
- 3Y*
- 11.63%
- 5Y*
- 10.86%
- 10Y*
- 15.25%
SPGI vs. WM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPGI S&P Global Inc. | -19.82% | 5.71% | 13.94% | 32.79% | -28.38% | 44.68% | 21.40% | 62.27% | 1.37% | 59.32% |
WM Waste Management, Inc. | -0.81% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 5.46% | 30.45% | 5.32% | 24.46% |
Correlation
The correlation between SPGI and WM is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2001 | 0.39 |
The correlation between SPGI and WM shifts across timeframes, from 0.26 (1 year) to 0.42 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
SPGI:
$124.13B
WM:
$87.41B
SPGI:
$15.79
WM:
$6.91
SPGI:
26.42
WM:
31.28
SPGI:
3.45
WM:
2.56
SPGI:
8.02
WM:
3.44
SPGI:
3.97
WM:
8.72
SPGI:
$15.73B
WM:
$25.41B
SPGI:
$8.15B
WM:
$5.61B
SPGI:
$7.83B
WM:
$6.96B
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Return for Risk
SPGI vs. WM — Risk / Return Rank
SPGI
WM
SPGI vs. WM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P Global Inc. (SPGI) 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.
| SPGI | WM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.95 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.43 | -0.20 |
| Martin ratioReturn relative to average drawdown | -1.21 | -0.95 | -0.26 |
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
| SPGI | WM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.70 | -0.38 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.59 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.78 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.36 | +0.09 |
Drawdowns
SPGI vs. WM - Drawdown Comparison
The maximum SPGI drawdown since its inception was -74.67%, roughly equal to the maximum WM drawdown of -77.85%. Use the drawdown chart below to compare losses from any high point for SPGI and WM.
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Drawdown Indicators
| SPGI | WM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.67% | -77.85% | +3.18% |
Max Drawdown (1Y)Largest decline over 1 year | -30.48% | -16.72% | -13.76% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -18.14% | -12.34% |
Max Drawdown (5Y)Largest decline over 5 years | -39.76% | -18.14% | -21.62% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | -30.07% | -9.69% |
Current DrawdownCurrent decline from peak | -25.45% | -11.59% | -13.86% |
Average DrawdownAverage peak-to-trough decline | -15.22% | -17.69% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.77% | 7.49% | +8.28% |
Volatility
SPGI vs. WM - Volatility Comparison
S&P Global Inc. (SPGI) has a higher volatility of 8.15% compared to Waste Management, Inc. (WM) at 5.91%. This indicates that SPGI'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
| SPGI | WM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.15% | 5.91% | +2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 23.85% | 13.69% | +10.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.42% | 18.73% | +8.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.47% | 18.55% | +5.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.03% | 19.51% | +6.52% |
Dividends
SPGI vs. WM - Dividend Comparison
SPGI's dividend yield for the trailing twelve months is around 0.93%, less than WM's 1.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPGI S&P Global Inc. | 0.93% | 0.73% | 0.73% | 0.82% | 0.99% | 0.65% | 0.82% | 0.84% | 1.18% | 0.97% | 1.34% | 1.34% |
WM Waste Management, Inc. | 1.64% | 1.50% | 1.49% | 1.56% | 1.66% | 1.38% | 1.85% | 1.80% | 2.09% | 1.97% | 2.31% | 2.89% |
Financials
SPGI vs. WM - Financials Comparison
This section allows you to compare key financial metrics between S&P Global Inc. 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
SPGI vs. WM - Profitability Comparison
SPGI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a gross profit of 0.00 and revenue of 4.17B. Therefore, the gross margin over that period was 0.0%.
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%.
SPGI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported an operating income of 2.00B and revenue of 4.17B, resulting in an operating margin of 48.0%.
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%.
SPGI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a net income of 1.40B and revenue of 4.17B, resulting in a net margin of 33.5%.
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
SPGI and WM have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPGI has higher volatility (8.15%) compared to WM (5.91%). In terms of maximum drawdown, SPGI dropped -74.67% vs WM's -77.85%.
WM currently has the higher Sharpe Ratio (-0.38 vs -0.70), 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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