VOO vs. WM
VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index, while WM (Waste Management, Inc.) is a stock. Over the past 10 years, VOO returned 15.50%/yr vs 15.36%/yr for WM. At a 0.48 correlation, their price movements are largely independent.
Performance
VOO vs. WM - Performance Comparison
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Returns By Period
In the year-to-date period, VOO achieves a 9.08% return, which is significantly higher than WM's 0.71% return. Both investments have delivered pretty close results over the past 10 years, with VOO having a 15.50% annualized return and WM not far behind at 15.36%.
VOO
- 1D
- 0.55%
- 1M
- 0.37%
- YTD
- 9.08%
- 6M
- 9.44%
- 1Y
- 25.76%
- 3Y*
- 20.95%
- 5Y*
- 13.43%
- 10Y*
- 15.50%
WM
- 1D
- 0.30%
- 1M
- 0.26%
- YTD
- 0.71%
- 6M
- 2.63%
- 1Y
- -5.72%
- 3Y*
- 12.33%
- 5Y*
- 11.14%
- 10Y*
- 15.36%
VOO vs. WM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 9.08% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
WM Waste Management, Inc. | 0.71% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 5.46% | 30.45% | 5.32% | 24.46% |
Correlation
The correlation between VOO and WM is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.48 |
The correlation between VOO and WM shifts across timeframes, from -0.14 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VOO vs. WM — Risk / Return Rank
VOO
WM
VOO vs. WM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) 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.
| VOO | WM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.96 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | -0.36 | +3.11 |
| Martin ratioReturn relative to average drawdown | 12.42 | -0.79 | +13.22 |
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Drawdowns
VOO vs. WM - Drawdown Comparison
The maximum VOO drawdown since its inception was -33.99%, smaller than the maximum WM drawdown of -77.85%. Use the drawdown chart below to compare losses from any high point for VOO and WM.
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Drawdown Indicators
| VOO | WM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -77.85% | +43.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -16.70% | +7.80% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | -18.14% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -18.14% | -6.38% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | -30.07% | -3.92% |
Current DrawdownCurrent decline from peak | -2.34% | -10.24% | +7.90% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -17.69% | +14.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 7.58% | -5.61% |
Volatility
VOO vs. WM - Volatility Comparison
The current volatility for Vanguard S&P 500 ETF (VOO) is 4.34%, while Waste Management, Inc. (WM) has a volatility of 6.13%. This indicates that VOO experiences smaller price fluctuations and is considered to be less risky 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
| VOO | WM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 6.13% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 14.08% | -4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.27% | 19.03% | -6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 18.62% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 19.54% | -1.51% |
Dividends
VOO vs. WM - Dividend Comparison
VOO's dividend yield for the trailing twelve months is around 1.05%, less than WM's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
WM Waste Management, Inc. | 1.61% | 1.50% | 1.49% | 1.56% | 1.66% | 1.38% | 1.85% | 1.80% | 2.09% | 1.97% | 2.31% | 2.89% |
Frequently Asked Questions
VOO and WM have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WM has higher volatility (6.13%) compared to VOO (4.34%). In terms of maximum drawdown, VOO dropped -33.99% vs WM's -77.85%.
VOO currently has the higher Sharpe Ratio (1.99 vs -0.32), 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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