WCN vs. KO
WCN (Waste Connections, Inc.) and KO (The Coca-Cola Company) are both stocks. WCN operates in Waste Management (Industrials), while KO operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, WCN returned 13.46%/yr vs 9.46%/yr for KO. At a 0.27 correlation, their price movements are largely independent.
Performance
WCN vs. KO - 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 KO's 17.28% return. Over the past 10 years, WCN has outperformed KO with an annualized return of 13.46%, while KO has yielded a comparatively lower 9.46% annualized 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%
KO
- 1D
- -1.44%
- 1M
- 0.76%
- YTD
- 17.28%
- 6M
- 15.53%
- 1Y
- 17.15%
- 3Y*
- 12.74%
- 5Y*
- 11.40%
- 10Y*
- 9.46%
WCN vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WCN Waste Connections, Inc. | -11.24% | 2.92% | 15.72% | 13.47% | -2.02% | 33.80% | 13.86% | 23.19% | 5.47% | 36.47% |
KO The Coca-Cola Company | 17.28% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between WCN and KO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 22, 1998 | 0.27 |
The correlation between WCN and KO shifts across timeframes, from 0.26 (1 year) to 0.40 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
WCN:
$5.48
KO:
$3.18
WCN:
28.30
KO:
25.47
WCN:
1.34
KO:
3.07
WCN:
3.11
KO:
7.08
WCN:
$9.65B
KO:
$49.28B
WCN:
$2.77B
KO:
$30.43B
WCN:
$2.68B
KO:
$18.35B
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Return for Risk
WCN vs. KO — Risk / Return Rank
WCN
KO
WCN vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Connections, Inc. (WCN) and The Coca-Cola Company (KO). 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 | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.19 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 2.19 | -3.03 |
| Martin ratioReturn relative to average drawdown | -1.56 | 4.38 | -5.94 |
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Drawdowns
WCN vs. KO - Drawdown Comparison
The maximum WCN drawdown since its inception was -68.85%, roughly equal to the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for WCN and KO.
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Drawdown Indicators
| WCN | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.85% | -68.23% | -0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -21.69% | -7.87% | -13.82% |
Max Drawdown (3Y)Largest decline over 3 years | -24.75% | -16.26% | -8.49% |
Max Drawdown (5Y)Largest decline over 5 years | -24.75% | -17.27% | -7.48% |
Max Drawdown (10Y)Largest decline over 10 years | -31.59% | -36.99% | +5.40% |
Current DrawdownCurrent decline from peak | -21.74% | -2.58% | -19.16% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -16.09% | +7.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.64% | 3.93% | +7.71% |
Volatility
WCN vs. KO - Volatility Comparison
The current volatility for Waste Connections, Inc. (WCN) is 5.68%, while The Coca-Cola Company (KO) has a volatility of 6.89%. This indicates that WCN experiences smaller price fluctuations and is considered to be less risky than KO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WCN | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 6.89% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 18.01% | 12.85% | +5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.77% | 16.80% | +4.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.36% | 16.20% | +3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 18.25% | +1.46% |
Dividends
WCN vs. KO - Dividend Comparison
WCN's dividend yield for the trailing twelve months is around 0.88%, less than KO's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KO The Coca-Cola Company | 2.57% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
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. KO - Financials Comparison
This section allows you to compare key financial metrics between Waste Connections, Inc. and The Coca-Cola Company. 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. KO - 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%.
KO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported a gross profit of 7.85B and revenue of 12.47B. Therefore, the gross margin over that period was 63.0%.
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%.
KO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported an operating income of 4.36B and revenue of 12.47B, resulting in an operating margin of 35.0%.
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%.
KO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported a net income of 3.92B and revenue of 12.47B, resulting in a net margin of 31.5%.
Frequently Asked Questions
WCN and KO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KO has higher volatility (6.89%) compared to WCN (5.68%). In terms of maximum drawdown, WCN dropped -68.85% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (1.03 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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