WCN vs. CSW
WCN (Waste Connections, Inc.) and CSW (CSW Industrials Inc) are both stocks. Both are in the Industrials sector — WCN in Waste Management, CSW in Specialty Industrial Machinery. Over the past year, WCN returned -18.06% vs -5.19% for CSW. At a 0.10 correlation, their price movements are largely independent.
Performance
WCN vs. CSW - Performance Comparison
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Returns By Period
In the year-to-date period, WCN achieves a -11.24% return, which is significantly lower than CSW's -6.92% return.
WCN
- 1D
- -0.72%
- 1M
- -1.04%
- YTD
- -11.24%
- 6M
- -11.80%
- 1Y
- -18.06%
- 3Y*
- 4.83%
- 5Y*
- 5.91%
- 10Y*
- 13.46%
CSW
- 1D
- 0.22%
- 1M
- 6.52%
- YTD
- -6.92%
- 6M
- -13.70%
- 1Y
- -5.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WCN vs. CSW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WCN Waste Connections, Inc. | -11.24% | -7.46% |
CSW CSW Industrials Inc | -6.92% | -4.50% |
Correlation
The correlation between WCN and CSW is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025 | 0.10 |
Fundamentals
WCN:
$5.48
CSW:
$6.68
WCN:
28.30
CSW:
40.79
WCN:
1.34
CSW:
2.65
WCN:
3.11
CSW:
4.22
WCN:
$9.65B
CSW:
$1.08B
WCN:
$2.77B
CSW:
$453.68M
WCN:
$2.68B
CSW:
$211.08M
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Return for Risk
WCN vs. CSW — Risk / Return Rank
WCN
CSW
WCN vs. CSW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Connections, Inc. (WCN) and CSW Industrials Inc (CSW). 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 | CSW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.01 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.21 | -0.62 |
| Martin ratioReturn relative to average drawdown | -1.56 | -0.35 | -1.21 |
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Drawdowns
WCN vs. CSW - Drawdown Comparison
The maximum WCN drawdown since its inception was -68.85%, which is greater than CSW's maximum drawdown of -25.35%. Use the drawdown chart below to compare losses from any high point for WCN and CSW.
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Drawdown Indicators
| WCN | CSW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.85% | -25.35% | -43.50% |
Max Drawdown (1Y)Largest decline over 1 year | -21.69% | -24.56% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -24.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.59% | — | — |
Current DrawdownCurrent decline from peak | -21.74% | -18.49% | -3.25% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -13.88% | +5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.64% | 14.93% | -3.29% |
Volatility
WCN vs. CSW - Volatility Comparison
The current volatility for Waste Connections, Inc. (WCN) is 5.68%, while CSW Industrials Inc (CSW) has a volatility of 12.20%. This indicates that WCN experiences smaller price fluctuations and is considered to be less risky than CSW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WCN | CSW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 12.20% | -6.52% |
Volatility (6M)Calculated over the trailing 6-month period | 18.01% | 30.57% | -12.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.77% | 40.35% | -18.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.36% | 40.29% | -20.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 40.29% | -20.58% |
Dividends
WCN vs. CSW - Dividend Comparison
WCN's dividend yield for the trailing twelve months is around 0.88%, more than CSW's 0.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSW CSW Industrials Inc | 0.41% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WCN Waste Connections, Inc. | 0.88% | 0.74% | 0.68% | 0.70% | 0.71% | 0.62% | 0.74% | 0.73% | 0.78% | 0.70% | 1.20% | 1.86% |
Financials
WCN vs. CSW - Financials Comparison
This section allows you to compare key financial metrics between Waste Connections, Inc. and CSW Industrials 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 vs. CSW - Profitability Comparison
WCN - 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 0.00 and revenue of 2.37B. Therefore, the gross margin over that period was 0.0%.
CSW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CSW Industrials Inc reported a gross profit of 126.61M and revenue of 308.96M. Therefore, the gross margin over that period was 41.0%.
WCN - 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 364.08M and revenue of 2.37B, resulting in an operating margin of 15.4%.
CSW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CSW Industrials Inc reported an operating income of 37.44M and revenue of 308.96M, resulting in an operating margin of 12.1%.
WCN - 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 219.34M and revenue of 2.37B, resulting in a net margin of 9.3%.
CSW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CSW Industrials Inc reported a net income of 20.20M and revenue of 308.96M, resulting in a net margin of 6.5%.
Frequently Asked Questions
WCN and CSW have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSW has higher volatility (12.20%) compared to WCN (5.68%). In terms of maximum drawdown, WCN dropped -68.85% vs CSW's -25.35%.
CSW currently has the higher Sharpe Ratio (-0.13 vs -0.83), 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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