WCN vs. IGM
WCN (Waste Connections, Inc.) is a stock, while IGM (iShares Expanded Tech Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Sector Index. Over the past 10 years, WCN returned 13.26%/yr vs 25.19%/yr for IGM. At a 0.41 correlation, their price movements are largely independent.
Performance
WCN vs. IGM - Performance Comparison
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Returns By Period
In the year-to-date period, WCN achieves a -13.58% return, which is significantly lower than IGM's 31.32% return. Over the past 10 years, WCN has underperformed IGM with an annualized return of 13.26%, while IGM has yielded a comparatively higher 25.19% annualized return.
WCN
- 1D
- 1.21%
- 1M
- -5.84%
- YTD
- -13.58%
- 6M
- -13.03%
- 1Y
- -21.30%
- 3Y*
- 3.41%
- 5Y*
- 5.22%
- 10Y*
- 13.26%
IGM
- 1D
- -0.84%
- 1M
- 16.93%
- YTD
- 31.32%
- 6M
- 29.19%
- 1Y
- 62.26%
- 3Y*
- 39.18%
- 5Y*
- 22.04%
- 10Y*
- 25.19%
WCN vs. IGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WCN Waste Connections, Inc. | -13.58% | 2.92% | 15.72% | 13.47% | -2.02% | 33.80% | 13.86% | 23.19% | 5.47% | 36.47% |
IGM iShares Expanded Tech Sector ETF | 31.32% | 26.76% | 36.99% | 60.68% | -35.83% | 25.72% | 45.11% | 41.81% | 2.26% | 37.20% |
Correlation
The correlation between WCN and IGM 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 | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2001 | 0.41 |
The correlation between WCN and IGM shifts across timeframes, from -0.14 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WCN vs. IGM — Risk / Return Rank
WCN
IGM
WCN vs. IGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Connections, Inc. (WCN) and iShares Expanded Tech Sector ETF (IGM). 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.
| WCN | IGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.07 | ||
| Sortino ratioReturn per unit of downside risk | -5.15 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.50 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 3.81 | -4.79 |
| Martin ratioReturn relative to average drawdown | -1.89 | 13.36 | -15.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WCN | IGM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 3.07 | -4.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.86 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 1.03 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.48 | +0.07 |
Drawdowns
WCN vs. IGM - Drawdown Comparison
The maximum WCN drawdown since its inception was -68.85%, roughly equal to the maximum IGM drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for WCN and IGM.
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Drawdown Indicators
| WCN | IGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.85% | -65.59% | -3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -21.79% | -16.44% | -5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -24.75% | -26.39% | +1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -24.75% | -40.68% | +15.93% |
Max Drawdown (10Y)Largest decline over 10 years | -31.59% | -40.68% | +9.09% |
Current DrawdownCurrent decline from peak | -23.80% | -0.84% | -22.96% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -15.23% | +6.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.79% | 4.67% | +7.12% |
Volatility
WCN vs. IGM - Volatility Comparison
The current volatility for Waste Connections, Inc. (WCN) is 5.15%, while iShares Expanded Tech Sector ETF (IGM) has a volatility of 6.10%. This indicates that WCN experiences smaller price fluctuations and is considered to be less risky than IGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WCN | IGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 6.10% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 17.72% | 16.08% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.41% | 20.43% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.27% | 25.68% | -6.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 24.54% | -4.83% |
Dividends
WCN vs. IGM - Dividend Comparison
WCN's dividend yield for the trailing twelve months is around 0.90%, more than IGM's 0.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGM iShares Expanded Tech Sector ETF | 0.12% | 0.17% | 0.22% | 0.33% | 0.66% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% |
WCN Waste Connections, Inc. | 0.90% | 0.74% | 0.68% | 0.70% | 0.71% | 0.62% | 0.74% | 0.73% | 0.78% | 0.70% | 1.20% | 1.86% |
Frequently Asked Questions
WCN and IGM 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.
IGM has higher volatility (6.10%) compared to WCN (5.15%). In terms of maximum drawdown, WCN dropped -68.85% vs IGM's -65.59%.
IGM currently has the higher Sharpe Ratio (3.07 vs -1.00), 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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