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WCN vs. IXN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WCN vs. IXN

Last updated Jun 25, 2026

WCN (Waste Connections, Inc.) is a stock, while IXN (iShares Global Tech ETF) is Technology Equities fund tracking the S&P Global Information Technology Sector Index. Over the past 10 years, WCN returned 14.54%/yr vs 25.25%/yr for IXN. At a 0.40 correlation, their price movements are largely independent.

Performance

WCN vs. IXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Waste Connections, Inc. (WCN) and iShares Global Tech ETF (IXN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WCN achieves a -4.67% return, which is significantly lower than IXN's 32.43% return. Over the past 10 years, WCN has underperformed IXN with an annualized return of 14.54%, while IXN has yielded a comparatively higher 25.25% annualized return.

WCN

1D
4.40%
1M
6.90%
YTD
-4.67%
6M
-6.00%
1Y
-10.82%
3Y*
7.73%
5Y*
7.51%
10Y*
14.54%

IXN

1D
-0.34%
1M
2.75%
YTD
32.43%
6M
31.37%
1Y
56.10%
3Y*
32.79%
5Y*
20.91%
10Y*
25.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WCN vs. IXN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WCN
Waste Connections, Inc.		-4.67%2.92%15.72%13.47%-2.02%33.80%13.86%23.19%5.47%36.47%
IXN
iShares Global Tech ETF		32.43%25.25%24.84%52.98%-29.86%29.58%43.62%47.88%-5.44%41.23%

Correlation

The correlation between WCN and IXN is -0.22, 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

-0.22

Correlation (3Y)
Calculated over the trailing 3-year period

0.06

Correlation (5Y)
Calculated over the trailing 5-year period

0.23

Correlation (10Y)
Calculated over the trailing 10-year period

0.33

Correlation (All Time)
Calculated using the full available price history since Nov 26, 2001

0.40

The correlation between WCN and IXN shifts across timeframes, from -0.22 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.

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Waste Connections, Inc.

iShares Global Tech ETF

Often compared with WCN:
WCN vs. WMWCN vs. RSGWCN vs. GFLWCN vs. VOOWCN vs. RELXWCN vs. CNIWCN vs. SCHD
Often compared with IXN:
IXN vs. VGTIXN vs. QQQIXN vs. IGMIXN vs. XLKIXN vs. FTECIXN vs. VOOIXN vs. IETC

Return for Risk

WCN vs. IXN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WCN
WCN Risk / Return Rank: 2222
Overall Rank
WCN Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
WCN Sortino Ratio Rank: 2020
Sortino Ratio Rank
WCN Omega Ratio Rank: 2020
Omega Ratio Rank
WCN Calmar Ratio Rank: 2626
Calmar Ratio Rank
WCN Martin Ratio Rank: 2424
Martin Ratio Rank
IXN
IXN Risk / Return Rank: 7676
Overall Rank
IXN Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
IXN Sortino Ratio Rank: 6868
Sortino Ratio Rank
IXN Omega Ratio Rank: 7171
Omega Ratio Rank
IXN Calmar Ratio Rank: 8484
Calmar Ratio Rank
IXN Martin Ratio Rank: 7676
Martin Ratio Rank
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.

WCN vs. IXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Waste Connections, Inc. (WCN) and iShares Global Tech ETF (IXN). 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.

WCNIXNDifference
Sharpe ratioReturn per unit of total volatility
-0.48
2.24

-2.73

Sortino ratioReturn per unit of downside risk
-0.56
2.78

-3.34

Omega ratioGain probability vs. loss probability

0.93

1.38

-0.45

Calmar ratioReturn relative to maximum drawdown

-0.50

4.09

-4.59

Martin ratioReturn relative to average drawdown

-0.91

13.10

-14.01

WCN vs. IXN - Sharpe Ratio Comparison

The current WCN Sharpe Ratio is -0.48, which is lower than the IXN Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of WCN and IXN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

WCN vs. IXN - Drawdown Comparison

The maximum WCN drawdown since its inception was -68.85%, which is greater than IXN's maximum drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for WCN and IXN.

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Drawdown Indicators

WCNIXNDifference

Max Drawdown

Largest peak-to-trough decline

-68.85%

-55.67%

-13.18%

Max Drawdown (1Y)

Largest decline over 1 year

-21.69%

-13.80%

-7.89%

Max Drawdown (3Y)

Largest decline over 3 years

-24.75%

-25.55%

+0.80%

Max Drawdown (5Y)

Largest decline over 5 years

-24.75%

-36.30%

+11.55%

Max Drawdown (10Y)

Largest decline over 10 years

-31.59%

-36.30%

+4.71%

Current Drawdown

Current decline from peak

-15.94%

-7.14%

-8.80%

Average Drawdown

Average peak-to-trough decline

-8.41%

-11.25%

+2.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.91%

4.30%

+7.61%

Volatility

WCN vs. IXN - Volatility Comparison

The current volatility for Waste Connections, Inc. (WCN) is 8.00%, while iShares Global Tech ETF (IXN) has a volatility of 14.03%. This indicates that WCN experiences smaller price fluctuations and is considered to be less risky than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WCNIXNDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.00%

14.03%

-6.03%

Volatility (6M)

Calculated over the trailing 6-month period

18.89%

21.48%

-2.59%

Volatility (1Y)

Calculated over the trailing 1-year period

22.50%

25.20%

-2.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.53%

25.45%

-5.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.79%

24.67%

-4.88%

Dividends

WCN vs. IXN - Dividend Comparison

WCN's dividend yield for the trailing twelve months is around 0.82%, more than IXN's 0.79% yield.

PositionTTM20252024202320222021202020192018201720162015
IXN
iShares Global Tech ETF		0.79%1.04%0.43%0.55%0.81%0.58%0.63%1.06%0.94%0.93%1.03%1.12%
WCN
Waste Connections, Inc.		0.82%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 IXN have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IXN has higher volatility (14.03%) compared to WCN (8.00%). In terms of maximum drawdown, WCN dropped -68.85% vs IXN's -55.67%.

IXN currently has the higher Sharpe Ratio (2.24 vs -0.48), 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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