VCYT vs. WM

Last updated Jun 3, 2026

VCYT (Veracyte, Inc.) and WM (Waste Management, Inc.) are both stocks. VCYT operates in Biotechnology (Healthcare), while WM operates in Waste Management (Industrials). Over the past 10 years, VCYT returned 24.60%/yr vs 15.51%/yr for WM. At a 0.13 correlation, their price movements are largely independent.

Performance

VCYT vs. WM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Veracyte, Inc. (VCYT) and Waste Management, Inc. (WM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VCYT achieves a 13.54% return, which is significantly higher than WM's -0.38% return. Over the past 10 years, VCYT has outperformed WM with an annualized return of 24.60%, while WM has yielded a comparatively lower 15.51% annualized return.

VCYT

• 1D: -0.79%
• 1M: 44.45%
• YTD: 13.54%
• 6M: 3.55%
• 1Y: 78.76%
• 3Y*: 21.39%
• 5Y*: 7.11%
• 10Y*: 24.60%

WM

• 1D: 2.86%
• 1M: -4.32%
• YTD: -0.38%
• 6M: 1.65%
• 1Y: -7.86%
• 3Y*: 11.27%
• 5Y*: 10.77%
• 10Y*: 15.51%

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

VCYT vs. WM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VCYT Veracyte, Inc.	13.54%	6.31%	43.95%	15.93%	-42.40%	-15.82%	75.29%	121.94%	92.65%	-15.63%
WM Waste Management, Inc.	-0.38%	10.50%	14.28%	16.20%	-4.49%	43.82%	5.46%	30.45%	5.32%	24.46%

Correlation

The correlation between VCYT and WM is -0.03, 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	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Oct 31, 2013	0.13

The correlation between VCYT and WM shifts across timeframes, from -0.03 (1 year) to 0.14 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap VCYT : $3.89B WM : $88.16B
EPS VCYT : $1.09 WM : $6.91
PE Ratio VCYT : 43.76 WM : 31.55
PEG Ratio VCYT : 0.27 WM : 2.58
PS Ratio VCYT : 7.11 WM : 3.47
PB Ratio VCYT : 2.89 WM : 8.80
Total Revenue (TTM) VCYT : $541.74M WM : $25.41B
Gross Profit (TTM) VCYT : $386.89M WM : $5.61B
EBITDA (TTM) VCYT : $99.47M WM : $6.96B

Return for Risk

VCYT vs. WM — Risk / Return Rank

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

VCYT

VCYT Risk / Return Rank: 77
VCYT Sharpe Ratio Rank: 77
VCYT Sortino Ratio Rank: 82
VCYT Omega Ratio Rank: 77
VCYT Calmar Ratio Rank: 74
VCYT Martin Ratio Rank: 72

WM

WM Risk / Return Rank: 21
WM Sharpe Ratio Rank: 22
WM Sortino Ratio Rank: 19
WM Omega Ratio Rank: 20
WM Calmar Ratio Rank: 25
WM Martin Ratio Rank: 19

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.

VCYT vs. WM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Veracyte, Inc. (VCYT) 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.

	VCYT	WM	Difference
Sharpe ratio Return per unit of total volatility	1.32	-0.43	+1.75
Sortino ratio Return per unit of downside risk	2.53	-0.48	+3.01
Omega ratio Gain probability vs. loss probability	1.29	0.94	+0.34
Calmar ratio Return relative to maximum drawdown	2.03	-0.46	+2.49
Martin ratio Return relative to average drawdown	4.42	-1.04	+5.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VCYT vs. WM - Sharpe Ratio Comparison

The current VCYT Sharpe Ratio is 1.32, which is higher than the WM Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of VCYT and WM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VCYT	WM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	-0.43	+1.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.58	-0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.80	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.36	-0.19

Drawdowns

VCYT vs. WM - Drawdown Comparison

The maximum VCYT drawdown since its inception was -81.19%, roughly equal to the maximum WM drawdown of -77.85%. Use the drawdown chart below to compare losses from any high point for VCYT and WM.

Drawdown Indicators

	VCYT	WM	Difference
Max Drawdown Largest peak-to-trough decline	-81.19%	-77.85%	-3.34%
Max Drawdown (1Y) Largest decline over 1 year	-39.23%	-17.04%	-22.19%
Max Drawdown (3Y) Largest decline over 3 years	-50.09%	-18.14%	-31.95%
Max Drawdown (5Y) Largest decline over 5 years	-71.54%	-18.14%	-53.40%
Max Drawdown (10Y) Largest decline over 10 years	-81.19%	-30.07%	-51.12%
Current Drawdown Current decline from peak	-41.26%	-11.21%	-30.05%
Average Drawdown Average peak-to-trough decline	-48.36%	-17.69%	-30.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.02%	7.92%	+10.10%

Volatility

VCYT vs. WM - Volatility Comparison

Veracyte, Inc. (VCYT) has a higher volatility of 26.45% compared to Waste Management, Inc. (WM) at 5.88%. This indicates that VCYT'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.

Volatility by Period

	VCYT	WM	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.45%	5.88%	+20.57%
Volatility (6M) Calculated over the trailing 6-month period	39.28%	13.57%	+25.71%
Volatility (1Y) Calculated over the trailing 1-year period	59.88%	18.59%	+41.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.48%	18.53%	+45.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.00%	19.49%	+42.51%

Dividends

VCYT vs. WM - Dividend Comparison

VCYT has not paid dividends to shareholders, while WM's dividend yield for the trailing twelve months is around 1.57%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VCYT Veracyte, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WM Waste Management, Inc.	1.57%	1.50%	1.49%	1.56%	1.66%	1.38%	1.85%	1.80%	2.09%	1.97%	2.31%	2.89%

Financials

VCYT vs. WM - Profitability Comparison

The chart below illustrates the profitability comparison between Veracyte, Inc. and Waste Management, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

VCYT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Veracyte, Inc. reported a gross profit of 101.16M and revenue of 139.07M. Therefore, the gross margin over that period was 72.7%.

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%.

VCYT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Veracyte, Inc. reported an operating income of 22.65M and revenue of 139.07M, resulting in an operating margin of 16.3%.

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%.

VCYT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Veracyte, Inc. reported a net income of 28.71M and revenue of 139.07M, resulting in a net margin of 20.6%.

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

Can I hold both VCYT and WM in my portfolio?

VCYT and WM have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VCYT or WM?

VCYT has higher volatility (26.45%) compared to WM (5.88%). In terms of maximum drawdown, VCYT dropped -81.19% vs WM's -77.85%.

Which has better risk-adjusted returns?

VCYT currently has the higher Sharpe Ratio (1.32 vs -0.42), 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.