VOT vs. WM

Last updated Jul 2, 2026

VOT (Vanguard Mid-Cap Growth ETF) is Mid Cap Growth Equities fund tracking the CRSP US Mid Cap Growth Index, while WM (Waste Management, Inc.) is a stock. Over the past 10 years, VOT returned 12.31%/yr vs 14.98%/yr for WM. At a 0.47 correlation, their price movements are largely independent.

Performance

VOT vs. WM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mid-Cap Growth ETF (VOT) 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, VOT achieves a 9.24% return, which is significantly higher than WM's 2.84% return. Over the past 10 years, VOT has underperformed WM with an annualized return of 12.31%, while WM has yielded a comparatively higher 14.98% annualized return.

VOT

• 1D: -0.78%
• 1M: 0.95%
• YTD: 9.24%
• 6M: 9.24%
• 1Y: 8.09%
• 3Y*: 14.68%
• 5Y*: 5.77%
• 10Y*: 12.31%

WM

• 1D: 0.54%
• 1M: 5.90%
• YTD: 2.84%
• 6M: 2.84%
• 1Y: -0.49%
• 3Y*: 10.60%
• 5Y*: 11.28%
• 10Y*: 14.98%

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

VOT vs. WM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOT Vanguard Mid-Cap Growth ETF	9.24%	10.72%	16.38%	23.10%	-28.87%	20.50%	34.50%	33.76%	-5.56%	21.80%
WM Waste Management, Inc.	2.84%	10.50%	14.28%	16.20%	-4.49%	43.82%	5.46%	30.45%	5.32%	24.46%

Correlation

The correlation between VOT and WM is -0.08, 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	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Aug 25, 2006	0.47

The correlation between VOT and WM shifts across timeframes, from -0.08 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VOT vs. WM — Risk / Return Rank

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

VOT

VOT Risk / Return Rank: 16
VOT Sharpe Ratio Rank: 17
VOT Sortino Ratio Rank: 16
VOT Omega Ratio Rank: 16
VOT Calmar Ratio Rank: 15
VOT Martin Ratio Rank: 17

WM

WM Risk / Return Rank: 40
WM Sharpe Ratio Rank: 42
WM Sortino Ratio Rank: 36
WM Omega Ratio Rank: 35
WM Calmar Ratio Rank: 43
WM Martin Ratio Rank: 42

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.

VOT vs. WM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth ETF (VOT) 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.

	VOT	WM	Difference
Sharpe ratio: Return per unit of total volatility	0.48	-0.03	+0.51
Sortino ratio: Return per unit of downside risk	0.78	0.10	+0.68
Omega ratio: Gain probability vs. loss probability	1.09	1.01	+0.08
Calmar ratio: Return relative to maximum drawdown	0.51	-0.03	+0.54
Martin ratio: Return relative to average drawdown	1.51	-0.06	+1.58

VOT vs. WM - Sharpe Ratio Comparison

The current VOT Sharpe Ratio is 0.48, which is higher than the WM Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of VOT 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.

Drawdowns

VOT vs. WM - Drawdown Comparison

The maximum VOT drawdown since its inception was -60.16%, smaller than the maximum WM drawdown of -77.85%. Use the drawdown chart below to compare losses from any high point for VOT and WM.

Drawdown Indicators

	VOT	WM	Difference
Max Drawdown Largest peak-to-trough decline	-60.16%	-77.85%	+17.69%
Max Drawdown (1Y) Largest decline over 1 year	-15.96%	-16.70%	+0.74%
Max Drawdown (3Y) Largest decline over 3 years	-21.77%	-18.14%	-3.63%
Max Drawdown (5Y) Largest decline over 5 years	-37.19%	-18.14%	-19.05%
Max Drawdown (10Y) Largest decline over 10 years	-37.19%	-30.07%	-7.12%
Current Drawdown Current decline from peak	-0.78%	-8.34%	+7.56%
Average Drawdown Average peak-to-trough decline	-9.93%	-17.67%	+7.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.35%	7.78%	-2.43%

Volatility

VOT vs. WM - Volatility Comparison

Vanguard Mid-Cap Growth ETF (VOT) has a higher volatility of 7.19% compared to Waste Management, Inc. (WM) at 6.67%. This indicates that VOT'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

	VOT	WM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.19%	6.67%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	14.32%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	16.94%	19.20%	-2.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.55%	18.68%	+2.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.01%	19.56%	+1.45%

Dividends

VOT vs. WM - Dividend Comparison

VOT's dividend yield for the trailing twelve months is around 0.60%, less than WM's 1.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VOT Vanguard Mid-Cap Growth ETF	0.60%	0.64%	0.67%	0.71%	0.78%	0.34%	0.56%	0.78%	0.84%	0.72%	0.81%	0.81%
WM Waste Management, Inc.	1.58%	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

Can I hold both VOT and WM in my portfolio?

VOT and WM have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOT or WM?

VOT has higher volatility (7.19%) compared to WM (6.67%). In terms of maximum drawdown, VOT dropped -60.16% vs WM's -77.85%.

Which has better risk-adjusted returns?

VOT currently has the higher Sharpe Ratio (0.48 vs -0.03), 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.