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WCN vs. NDAQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between WCN and NDAQ is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

WCN vs. NDAQ - Performance Comparison

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

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Key characteristics

Sharpe Ratio

WCN:

0.90

NDAQ:

1.41

Sortino Ratio

WCN:

1.35

NDAQ:

2.13

Omega Ratio

WCN:

1.19

NDAQ:

1.31

Calmar Ratio

WCN:

1.38

NDAQ:

1.83

Martin Ratio

WCN:

4.07

NDAQ:

6.59

Ulcer Index

WCN:

4.08%

NDAQ:

5.68%

Daily Std Dev

WCN:

17.75%

NDAQ:

23.94%

Max Drawdown

WCN:

-31.59%

NDAQ:

-68.48%

Current Drawdown

WCN:

-3.86%

NDAQ:

-1.89%

Fundamentals

Market Cap

WCN:

$49.35B

NDAQ:

$47.02B

EPS

WCN:

$2.42

NDAQ:

$2.21

PE Ratio

WCN:

78.91

NDAQ:

37.06

PEG Ratio

WCN:

1.43

NDAQ:

1.64

PS Ratio

WCN:

5.44

NDAQ:

6.02

PB Ratio

WCN:

6.16

NDAQ:

4.04

Total Revenue (TTM)

WCN:

$9.07B

NDAQ:

$7.81B

Gross Profit (TTM)

WCN:

$3.53B

NDAQ:

$4.28B

EBITDA (TTM)

WCN:

$2.30B

NDAQ:

$2.52B

Returns By Period

In the year-to-date period, WCN achieves a 12.22% return, which is significantly higher than NDAQ's 6.29% return. Both investments have delivered pretty close results over the past 10 years, with WCN having a 18.36% annualized return and NDAQ not far ahead at 18.74%.


WCN

YTD

12.22%

1M

-2.21%

6M

4.93%

1Y

15.92%

5Y*

17.15%

10Y*

18.36%

NDAQ

YTD

6.29%

1M

14.24%

6M

4.64%

1Y

33.42%

5Y*

18.71%

10Y*

18.74%

*Annualized

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Risk-Adjusted Performance

WCN vs. NDAQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WCN
The Risk-Adjusted Performance Rank of WCN is 8080
Overall Rank
The Sharpe Ratio Rank of WCN is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of WCN is 7474
Sortino Ratio Rank
The Omega Ratio Rank of WCN is 7474
Omega Ratio Rank
The Calmar Ratio Rank of WCN is 8888
Calmar Ratio Rank
The Martin Ratio Rank of WCN is 8383
Martin Ratio Rank

NDAQ
The Risk-Adjusted Performance Rank of NDAQ is 9090
Overall Rank
The Sharpe Ratio Rank of NDAQ is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of NDAQ is 8888
Sortino Ratio Rank
The Omega Ratio Rank of NDAQ is 8888
Omega Ratio Rank
The Calmar Ratio Rank of NDAQ is 9292
Calmar Ratio Rank
The Martin Ratio Rank of NDAQ is 9090
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

WCN vs. NDAQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Waste Connections, Inc. (WCN) and Nasdaq, Inc. (NDAQ). 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.


The current WCN Sharpe Ratio is 0.90, which is lower than the NDAQ Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of WCN and NDAQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

WCN vs. NDAQ - Dividend Comparison

WCN's dividend yield for the trailing twelve months is around 0.64%, less than NDAQ's 1.17% yield.


TTM20242023202220212020201920182017201620152014
WCN
Waste Connections, Inc.
0.64%0.68%0.70%0.71%0.62%0.74%0.73%0.78%0.70%1.64%3.25%2.61%
NDAQ
Nasdaq, Inc.
1.17%1.22%1.48%1.27%1.00%1.46%1.73%2.08%1.90%1.80%1.55%1.21%

Drawdowns

WCN vs. NDAQ - Drawdown Comparison

The maximum WCN drawdown since its inception was -31.59%, smaller than the maximum NDAQ drawdown of -68.48%. Use the drawdown chart below to compare losses from any high point for WCN and NDAQ. For additional features, visit the drawdowns tool.


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Volatility

WCN vs. NDAQ - Volatility Comparison

Waste Connections, Inc. (WCN) has a higher volatility of 6.53% compared to Nasdaq, Inc. (NDAQ) at 5.05%. This indicates that WCN's price experiences larger fluctuations and is considered to be riskier than NDAQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Financials

WCN vs. NDAQ - Financials Comparison

This section allows you to compare key financial metrics between Waste Connections, Inc. and Nasdaq, 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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


1.40B1.60B1.80B2.00B2.20B2.40B20212022202320242025
2.23B
2.09B
(WCN) Total Revenue
(NDAQ) Total Revenue
Values in USD except per share items

WCN vs. NDAQ - Profitability Comparison

The chart below illustrates the profitability comparison between Waste Connections, Inc. and Nasdaq, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

30.0%40.0%50.0%60.0%70.0%80.0%20212022202320242025
42.0%
82.9%
(WCN) Gross Margin
(NDAQ) Gross Margin
WCN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Waste Connections, Inc. reported a gross profit of 936.73M and revenue of 2.23B. Therefore, the gross margin over that period was 42.0%.

NDAQ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Nasdaq, Inc. reported a gross profit of 1.73B and revenue of 2.09B. Therefore, the gross margin over that period was 82.9%.

WCN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Waste Connections, Inc. reported an operating income of 390.21M and revenue of 2.23B, resulting in an operating margin of 17.5%.

NDAQ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Nasdaq, Inc. reported an operating income of 547.00M and revenue of 2.09B, resulting in an operating margin of 26.2%.

WCN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Waste Connections, Inc. reported a net income of 241.51M and revenue of 2.23B, resulting in a net margin of 10.8%.

NDAQ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Nasdaq, Inc. reported a net income of 395.00M and revenue of 2.09B, resulting in a net margin of 18.9%.