WCN vs. IXN
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 14.47%/yr vs 23.87%/yr for IXN. At a 0.40 correlation, their price movements are largely independent.
Performance
WCN vs. IXN - Performance Comparison
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Returns By Period
In the year-to-date period, WCN achieves a -0.16% return, which is significantly lower than IXN's 28.13% return. Over the past 10 years, WCN has underperformed IXN with an annualized return of 14.47%, while IXN has yielded a comparatively higher 23.87% annualized return.
WCN
- 1D
- 2.47%
- 1M
- 10.99%
- 6M
- 4.45%
- YTD
- -0.16%
- 1Y
- -3.88%
- 3Y*
- 8.00%
- 5Y*
- 7.99%
- 10Y*
- 14.47%
IXN
- 1D
- -2.47%
- 1M
- -4.72%
- 6M
- 25.36%
- YTD
- 28.13%
- 1Y
- 43.72%
- 3Y*
- 28.96%
- 5Y*
- 19.50%
- 10Y*
- 23.87%
WCN vs. IXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WCN Waste Connections, Inc. | -0.16% | 2.92% | 15.72% | 13.47% | -2.02% | 33.80% | 13.86% | 23.19% | 5.47% | 36.38% |
IXN iShares Global Tech ETF | 28.13% | 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 -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
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 -0.25 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WCN vs. IXN — Risk / Return Rank
WCN
IXN
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.
| WCN | IXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.29 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 3.18 | -3.36 |
| Martin ratioReturn relative to average drawdown | -0.32 | 9.42 | -9.73 |
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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
| WCN | IXN | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -11.96% | -10.15% | -1.81% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -11.24% | +2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.19% | 4.66% | +7.53% |
Volatility
WCN vs. IXN - Volatility Comparison
The current volatility for Waste Connections, Inc. (WCN) is 7.83%, while iShares Global Tech ETF (IXN) has a volatility of 10.99%. 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
| WCN | IXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.83% | 10.99% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 19.07% | 22.87% | -3.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.56% | 26.28% | -3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.63% | 25.68% | -6.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.83% | 24.75% | -4.92% |
Dividends
WCN vs. IXN - Dividend Comparison
WCN's dividend yield for the trailing twelve months is around 0.78%, less than IXN's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.82% | 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. | 0.78% | 0.74% | 0.68% | 0.70% | 0.71% | 0.62% | 0.74% | 0.73% | 0.78% | 0.65% | 1.20% | 1.86% |
Frequently Asked Questions
WCN and IXN have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXN has higher volatility (10.99%) compared to WCN (7.83%). In terms of maximum drawdown, WCN dropped -68.85% vs IXN's -55.67%.
IXN currently has the higher Sharpe Ratio (1.67 vs -0.17), 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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