TCL-A.TO vs. WCN.TO
TCL-A.TO (Transcontinental Inc) and WCN.TO (Waste Connections, Inc.) are both stocks. TCL-A.TO operates in Packaging & Containers (Consumer Cyclical), while WCN.TO operates in Waste Management (Industrials). Over the past 10 years, TCL-A.TO returned 10.92%/yr vs 14.36%/yr for WCN.TO. At a 0.11 correlation, their price movements are largely independent.
Performance
TCL-A.TO vs. WCN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TCL-A.TO achieves a 45.94% return, which is significantly higher than WCN.TO's -10.68% return. Over the past 10 years, TCL-A.TO has underperformed WCN.TO with an annualized return of 10.92%, while WCN.TO has yielded a comparatively higher 14.36% annualized return.
TCL-A.TO
- 1D
- -9.77%
- 1M
- -16.04%
- YTD
- 45.94%
- 6M
- 65.63%
- 1Y
- 59.25%
- 3Y*
- 41.15%
- 5Y*
- 15.10%
- 10Y*
- 10.92%
WCN.TO
- 1D
- 2.12%
- 1M
- -0.18%
- YTD
- -10.68%
- 6M
- -11.12%
- 1Y
- -17.65%
- 3Y*
- 5.62%
- 5Y*
- 8.66%
- 10Y*
- 14.36%
TCL-A.TO vs. WCN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCL-A.TO Transcontinental Inc | 45.94% | 35.45% | 43.88% | -4.15% | -20.69% | 3.26% | 37.35% | -13.30% | -19.77% | 14.61% |
WCN.TO Waste Connections, Inc. | -10.68% | -1.70% | 25.48% | 11.09% | 4.86% | 33.02% | 11.68% | 17.27% | 17.13% | 28.15% |
Correlation
The correlation between TCL-A.TO and WCN.TO is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2002 | 0.11 |
Fundamentals
TCL-A.TO:
CA$393.76M
WCN.TO:
CA$54.77B
TCL-A.TO:
CA$1.74
WCN.TO:
CA$4.09
TCL-A.TO:
2.71
WCN.TO:
52.40
TCL-A.TO:
0.19
WCN.TO:
2.50
TCL-A.TO:
0.17
WCN.TO:
5.75
TCL-A.TO:
0.21
WCN.TO:
6.79
TCL-A.TO:
CA$2.36B
WCN.TO:
CA$9.57B
TCL-A.TO:
CA$1.07B
WCN.TO:
CA$3.76B
TCL-A.TO:
CA$362.30M
WCN.TO:
CA$2.97B
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Return for Risk
TCL-A.TO vs. WCN.TO — Risk / Return Rank
TCL-A.TO
WCN.TO
TCL-A.TO vs. WCN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Transcontinental Inc (TCL-A.TO) and Waste Connections, Inc. (WCN.TO). 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.
| TCL-A.TO | WCN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +4.56 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.86 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | -0.82 | +3.48 |
| Martin ratioReturn relative to average drawdown | 8.68 | -1.58 | +10.27 |
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
| TCL-A.TO | WCN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | -0.81 | +1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.47 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.75 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.67 | -0.35 |
Drawdowns
TCL-A.TO vs. WCN.TO - Drawdown Comparison
The maximum TCL-A.TO drawdown since its inception was -78.84%, which is greater than WCN.TO's maximum drawdown of -70.07%. Use the drawdown chart below to compare losses from any high point for TCL-A.TO and WCN.TO.
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Drawdown Indicators
| TCL-A.TO | WCN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.84% | -70.07% | -8.77% |
Max Drawdown (1Y)Largest decline over 1 year | -22.41% | -21.51% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -29.03% | -26.21% | -2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -55.10% | -26.21% | -28.89% |
Max Drawdown (10Y)Largest decline over 10 years | -67.34% | -26.53% | -40.81% |
Current DrawdownCurrent decline from peak | -22.41% | -23.23% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -24.27% | -8.65% | -15.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.84% | 11.16% | -4.32% |
Volatility
TCL-A.TO vs. WCN.TO - Volatility Comparison
Transcontinental Inc (TCL-A.TO) has a higher volatility of 11.14% compared to Waste Connections, Inc. (WCN.TO) at 5.48%. This indicates that TCL-A.TO's price experiences larger fluctuations and is considered to be riskier than WCN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCL-A.TO | WCN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.14% | 5.48% | +5.66% |
Volatility (6M)Calculated over the trailing 6-month period | 45.54% | 18.09% | +27.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.42% | 21.79% | +31.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.08% | 18.53% | +16.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.49% | 19.29% | +15.20% |
Dividends
TCL-A.TO vs. WCN.TO - Dividend Comparison
TCL-A.TO's dividend yield for the trailing twelve months is around 438.96%, more than WCN.TO's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCL-A.TO Transcontinental Inc | 438.96% | 8.36% | 4.85% | 6.57% | 5.89% | 4.43% | 4.36% | 5.48% | 4.30% | 2.42% | 3.33% | 4.74% |
WCN.TO Waste Connections, Inc. | 0.88% | 0.75% | 0.65% | 0.72% | 0.68% | 0.61% | 0.93% | 0.75% | 2.95% | 0.87% | 0.96% | 2.02% |
Financials
TCL-A.TO vs. WCN.TO - Financials Comparison
This section allows you to compare key financial metrics between Transcontinental 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
TCL-A.TO vs. WCN.TO - Profitability Comparison
TCL-A.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Transcontinental Inc reported a gross profit of 15.20M and revenue of 263.50M. Therefore, the gross margin over that period was 5.8%.
WCN.TO - 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 683.40M and revenue of 2.33B. Therefore, the gross margin over that period was 29.3%.
TCL-A.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Transcontinental Inc reported an operating income of 15.20M and revenue of 263.50M, resulting in an operating margin of 5.8%.
WCN.TO - 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 358.11M and revenue of 2.33B, resulting in an operating margin of 15.4%.
TCL-A.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Transcontinental Inc reported a net income of 29.70M and revenue of 263.50M, resulting in a net margin of 11.3%.
WCN.TO - 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 215.75M and revenue of 2.33B, resulting in a net margin of 9.3%.
Frequently Asked Questions
TCL-A.TO and WCN.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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