WCN.TO vs. FTS.TO
WCN.TO (Waste Connections, Inc.) and FTS.TO (Fortis Inc.) are both stocks. WCN.TO operates in Waste Management (Industrials), while FTS.TO operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, WCN.TO returned 18.98%/yr vs 10.80%/yr for FTS.TO. At a 0.24 correlation, their price movements are largely independent.
Performance
WCN.TO vs. FTS.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WCN.TO achieves a -8.90% return, which is significantly lower than FTS.TO's 13.43% return. Over the past 10 years, WCN.TO has outperformed FTS.TO with an annualized return of 18.98%, while FTS.TO has yielded a comparatively lower 10.80% 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%
FTS.TO
- 1D
- 0.99%
- 1M
- 5.79%
- YTD
- 13.43%
- 6M
- 15.37%
- 1Y
- 25.87%
- 3Y*
- 16.29%
- 5Y*
- 11.27%
- 10Y*
- 10.80%
WCN.TO vs. FTS.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% |
FTS.TO Fortis Inc. | 13.43% | 23.93% | 14.24% | 4.76% | -7.87% | 21.81% | 0.04% | 22.71% | 2.74% | 15.29% |
Correlation
The correlation between WCN.TO and FTS.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.24 |
The correlation between WCN.TO and FTS.TO shifts across timeframes, from 0.24 (all time) to 0.35 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
WCN.TO:
CA$55.87B
FTS.TO:
CA$40.48B
WCN.TO:
$4.09
FTS.TO:
CA$3.56
WCN.TO:
38.23
FTS.TO:
22.34
WCN.TO:
1.82
FTS.TO:
3.25
WCN.TO:
4.20
FTS.TO:
3.30
WCN.TO:
4.96
FTS.TO:
1.78
WCN.TO:
$9.57B
FTS.TO:
CA$12.21B
WCN.TO:
$3.76B
FTS.TO:
CA$3.98B
WCN.TO:
$2.97B
FTS.TO:
CA$5.87B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WCN.TO vs. FTS.TO — Risk / Return Rank
WCN.TO
FTS.TO
WCN.TO vs. FTS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Connections, Inc. (WCN.TO) and Fortis Inc. (FTS.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 | FTS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.80 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.36 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 4.33 | -5.06 |
| Martin ratioReturn relative to average drawdown | -1.36 | 10.47 | -11.84 |
Loading charts...
Drawdowns
WCN.TO vs. FTS.TO - Drawdown Comparison
The maximum WCN.TO drawdown since its inception was -71.10%, which is greater than FTS.TO's maximum drawdown of -28.27%. Use the drawdown chart below to compare losses from any high point for WCN.TO and FTS.TO.
Loading charts...
Drawdown Indicators
| WCN.TO | FTS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.10% | -28.27% | -42.83% |
Max Drawdown (1Y)Largest decline over 1 year | -21.51% | -6.09% | -15.42% |
Max Drawdown (3Y)Largest decline over 3 years | -26.21% | -10.97% | -15.24% |
Max Drawdown (5Y)Largest decline over 5 years | -26.21% | -24.01% | -2.20% |
Max Drawdown (10Y)Largest decline over 10 years | -26.53% | -28.27% | +1.74% |
Current DrawdownCurrent decline from peak | -21.70% | 0.00% | -21.70% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -5.71% | -4.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.43% | 2.51% | +8.92% |
Volatility
WCN.TO vs. FTS.TO - Volatility Comparison
Waste Connections, Inc. (WCN.TO) has a higher volatility of 5.88% compared to Fortis Inc. (FTS.TO) at 4.96%. This indicates that WCN.TO's price experiences larger fluctuations and is considered to be riskier than FTS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WCN.TO | FTS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 4.96% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 18.32% | 10.44% | +7.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.04% | 13.12% | +8.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.59% | 14.45% | +4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.81% | 16.86% | +7.95% |
Dividends
WCN.TO vs. FTS.TO - Dividend Comparison
WCN.TO's dividend yield for the trailing twelve months is around 0.86%, less than FTS.TO's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTS.TO Fortis Inc. | 3.18% | 3.48% | 3.99% | 4.19% | 4.01% | 3.36% | 3.73% | 3.39% | 3.79% | 3.52% | 3.68% | 3.73% |
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. FTS.TO - Financials Comparison
This section allows you to compare key financial metrics between Waste Connections, Inc. and Fortis 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
WCN.TO vs. FTS.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%.
FTS.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fortis Inc. reported a gross profit of 933.00M and revenue of 3.38B. Therefore, the gross margin over that period was 27.6%.
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%.
FTS.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortis Inc. reported an operating income of 933.00M and revenue of 3.38B, resulting in an operating margin of 27.6%.
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%.
FTS.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fortis Inc. reported a net income of 523.00M and revenue of 3.38B, resulting in a net margin of 15.5%.
Frequently Asked Questions
WCN.TO and FTS.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for WCN.TO and FTS.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer