WCN.TO vs. BIP-UN.TO
WCN.TO (Waste Connections, Inc.) and BIP-UN.TO (Brookfield Infrastructure Partners L.P) are both stocks. WCN.TO operates in Waste Management (Industrials), while BIP-UN.TO operates in Utilities - Diversified (Utilities). Over the past 10 years, WCN.TO returned 18.98%/yr vs 30.11%/yr for BIP-UN.TO. At a 0.18 correlation, their price movements are largely independent.
Performance
WCN.TO vs. BIP-UN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, WCN.TO achieves a -8.90% return, which is significantly lower than BIP-UN.TO's 14.93% return. Over the past 10 years, WCN.TO has underperformed BIP-UN.TO with an annualized return of 18.98%, while BIP-UN.TO has yielded a comparatively higher 30.11% annualized return.
WCN.TO
- 1D
- 0.55%
- 1M
- 1.38%
- YTD
- -8.90%
- 6M
- -7.68%
- 1Y
- -15.08%
- 3Y*
- 7.40%
- 5Y*
- 9.00%
- 10Y*
- 18.98%
BIP-UN.TO
- 1D
- -0.07%
- 1M
- 3.74%
- YTD
- 14.93%
- 6M
- 14.64%
- 1Y
- 25.40%
- 3Y*
- 8.28%
- 5Y*
- 18.36%
- 10Y*
- 30.11%
WCN.TO vs. BIP-UN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WCN.TO Waste Connections, Inc. | -8.90% | -1.69% | 25.48% | 11.09% | 4.86% | 33.02% | 11.52% | 17.27% | 14.53% | 92.32% |
BIP-UN.TO Brookfield Infrastructure Partners L.P | 14.93% | 10.04% | 15.27% | 4.54% | 27.87% | 27.84% | 14.53% | 46.25% | -11.04% | 33.26% |
Correlation
The correlation between WCN.TO and BIP-UN.TO is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2009 | 0.18 |
The correlation between WCN.TO and BIP-UN.TO shifts across timeframes, from 0.01 (1 year) to 0.23 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
WCN.TO:
CA$55.87B
BIP-UN.TO:
CA$24.64B
WCN.TO:
$4.09
BIP-UN.TO:
$0.91
WCN.TO:
38.23
BIP-UN.TO:
42.33
WCN.TO:
1.82
BIP-UN.TO:
0.22
WCN.TO:
4.20
BIP-UN.TO:
0.74
WCN.TO:
4.96
BIP-UN.TO:
3.82
WCN.TO:
$9.57B
BIP-UN.TO:
$24.01B
WCN.TO:
$3.76B
BIP-UN.TO:
$6.49B
WCN.TO:
$2.97B
BIP-UN.TO:
$11.14B
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Return for Risk
WCN.TO vs. BIP-UN.TO — Risk / Return Rank
WCN.TO
BIP-UN.TO
WCN.TO vs. BIP-UN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Connections, Inc. (WCN.TO) and Brookfield Infrastructure Partners L.P (BIP-UN.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.
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.
| WCN.TO | BIP-UN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.22 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 1.88 | -2.60 |
| Martin ratioReturn relative to average drawdown | -1.36 | 4.20 | -5.56 |
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Drawdowns
WCN.TO vs. BIP-UN.TO - Drawdown Comparison
The maximum WCN.TO drawdown since its inception was -71.10%, which is greater than BIP-UN.TO's maximum drawdown of -46.85%. Use the drawdown chart below to compare losses from any high point for WCN.TO and BIP-UN.TO.
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Drawdown Indicators
| WCN.TO | BIP-UN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.10% | -46.85% | -24.25% |
Max Drawdown (1Y)Largest decline over 1 year | -21.51% | -11.91% | -9.60% |
Max Drawdown (3Y)Largest decline over 3 years | -26.21% | -38.40% | +12.19% |
Max Drawdown (5Y)Largest decline over 5 years | -26.21% | -44.39% | +18.18% |
Max Drawdown (10Y)Largest decline over 10 years | -26.53% | -46.85% | +20.32% |
Current DrawdownCurrent decline from peak | -21.70% | -1.43% | -20.27% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -6.46% | -3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.43% | 5.33% | +6.10% |
Volatility
WCN.TO vs. BIP-UN.TO - Volatility Comparison
Waste Connections, Inc. (WCN.TO) has a higher volatility of 5.88% compared to Brookfield Infrastructure Partners L.P (BIP-UN.TO) at 4.57%. This indicates that WCN.TO's price experiences larger fluctuations and is considered to be riskier than BIP-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WCN.TO | BIP-UN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 4.57% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 18.32% | 14.01% | +4.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.04% | 18.22% | +3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.59% | 32.95% | -14.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.81% | 38.57% | -13.76% |
Dividends
WCN.TO vs. BIP-UN.TO - Dividend Comparison
WCN.TO's dividend yield for the trailing twelve months is around 0.86%, less than BIP-UN.TO's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIP-UN.TO Brookfield Infrastructure Partners L.P | 4.55% | 5.04% | 4.85% | 5.00% | 4.23% | 3.97% | 5.61% | 5.62% | 6.65% | 5.64% | 5.16% | 10.13% |
WCN.TO Waste Connections, Inc. | 0.86% | 0.75% | 0.65% | 0.72% | 0.68% | 0.61% | 0.78% | 0.75% | 0.74% | 0.74% | 1.22% | 1.09% |
Financials
WCN.TO vs. BIP-UN.TO - Financials Comparison
This section allows you to compare key financial metrics between Waste Connections, Inc. and Brookfield Infrastructure Partners L.P. 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
WCN.TO vs. BIP-UN.TO - Profitability Comparison
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%.
BIP-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners L.P reported a gross profit of 1.70B and revenue of 6.30B. Therefore, the gross margin over that period was 26.9%.
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%.
BIP-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners L.P reported an operating income of 1.59B and revenue of 6.30B, resulting in an operating margin of 25.2%.
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%.
BIP-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners L.P reported a net income of -86.00M and revenue of 6.30B, resulting in a net margin of -1.4%.
Frequently Asked Questions
WCN.TO and BIP-UN.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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