WCN vs. XLI
WCN (Waste Connections, Inc.) is a stock, while XLI (Industrial Select Sector SPDR Fund) is Industrials Equities fund tracking the Industrial Select Sector Index. Over the past 10 years, WCN returned 13.90%/yr vs 14.04%/yr for XLI. Their 0.44 correlation means their historical movements had little consistent relationship.
Performance
WCN vs. XLI - Performance Comparison
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Returns By Period
In the year-to-date period, WCN achieves a -4.14% return, which is significantly lower than XLI's 16.55% return. Both investments have delivered pretty close results over the past 10 years, with WCN having a 13.90% annualized return and XLI not far ahead at 14.04%.
WCN
- 1D
- 0.67%
- 1M
- -0.85%
- 6M
- 0.30%
- YTD
- -4.14%
- 1Y
- -9.56%
- 3Y*
- 6.20%
- 5Y*
- 6.50%
- 10Y*
- 13.90%
- ALL TIME*
- 17.09%
XLI
- 1D
- 0.81%
- 1M
- -2.21%
- 6M
- 9.28%
- YTD
- 16.55%
- 1Y
- 21.65%
- 3Y*
- 19.24%
- 5Y*
- 13.41%
- 10Y*
- 14.04%
- ALL TIME*
- 9.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $252.66M | $226.08M | $266.58M | |
| $1.17B | $1.19B | $1.34B |
WCN vs. XLI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WCN Waste Connections, Inc. | -4.14% | 2.92% | 15.72% | 13.47% | -2.02% | 33.80% | 13.86% | 23.19% | 5.47% | 36.38% |
XLI Industrial Select Sector SPDR Fund | 16.55% | 19.35% | 17.31% | 18.13% | -5.57% | 21.08% | 10.91% | 29.08% | -13.25% | 23.98% |
Correlation
The correlation between WCN and XLI is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998 | 0.44 |
Over the past year, the correlation between WCN and XLI has dropped to 0.08 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
WCN vs. XLI — Risk / Return Rank
WCN
XLI
WCN vs. XLI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Connections, Inc. (WCN) and Industrial Select Sector SPDR Fund (XLI). 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 | XLI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.21 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 1.63 | -2.08 |
| Martin ratioReturn relative to average drawdown | -0.80 | 6.43 | -7.23 |
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Drawdowns
WCN vs. XLI - Drawdown Comparison
The maximum WCN drawdown since its inception was -68.85%, which is greater than XLI's maximum drawdown of -62.26%. Use the drawdown chart below to compare losses from any high point for WCN and XLI.
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Drawdown Indicators
| WCN | XLI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.85% | -62.26% | -6.59% |
Max Drawdown (1Y)Largest decline over 1 year | -21.30% | -12.21% | -9.09% |
Max Drawdown (3Y)Largest decline over 3 years | -24.75% | -18.49% | -6.26% |
Max Drawdown (5Y)Largest decline over 5 years | -24.75% | -21.64% | -3.11% |
Max Drawdown (10Y)Largest decline over 10 years | -31.59% | -42.33% | +10.74% |
Current DrawdownCurrent decline from peak | -15.47% | -3.08% | -12.39% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -9.16% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.01% | 3.09% | +8.92% |
Volatility
WCN vs. XLI - Volatility Comparison
Waste Connections, Inc. (WCN) has a higher volatility of 7.24% compared to Industrial Select Sector SPDR Fund (XLI) at 4.83%. This indicates that WCN's price experiences larger fluctuations and is considered to be riskier than XLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WCN | XLI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 4.83% | +2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 19.30% | 14.00% | +5.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.67% | 16.92% | +5.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.71% | 17.60% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.89% | 20.04% | -0.15% |
Dividends
WCN vs. XLI - Dividend Comparison
WCN's dividend yield for the trailing twelve months is around 0.82%, less than XLI's 1.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WCN Waste Connections, Inc. | 0.82% | 0.74% | 0.68% | 0.70% | 0.71% | 0.62% | 0.74% | 0.73% | 0.78% | 0.65% | 1.20% | 1.86% |
XLI Industrial Select Sector SPDR Fund | 1.14% | 1.29% | 1.44% | 1.63% | 1.63% | 1.25% | 1.55% | 1.94% | 2.15% | 1.77% | 2.07% | 2.15% |
Frequently Asked Questions
WCN and XLI have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WCN has higher volatility (7.24%) compared to XLI (4.83%). In terms of maximum drawdown, WCN dropped -68.85% vs XLI's -62.26%.
XLI currently has the higher Sharpe Ratio (1.18 vs -0.43), 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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