WM vs. ARQQ

Last updated Jun 13, 2026

WM (Waste Management, Inc.) and ARQQ (Arqit Quantum Inc.) are both stocks. WM operates in Waste Management (Industrials), while ARQQ operates in Software - Infrastructure (Technology). Over the past 3 years, WM returned 12.33%/yr vs -28.53%/yr for ARQQ. At a 0.01 correlation, their price movements are largely independent.

Performance

WM vs. ARQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Waste Management, Inc. (WM) and Arqit Quantum Inc. (ARQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WM achieves a 0.71% return, which is significantly higher than ARQQ's -37.84% return.

WM

• 1D: 0.30%
• 1M: 1.83%
• YTD: 0.71%
• 6M: 2.63%
• 1Y: -5.98%
• 3Y*: 12.33%
• 5Y*: 11.14%
• 10Y*: 15.36%

ARQQ

• 1D: -0.66%
• 1M: -1.66%
• YTD: -37.84%
• 6M: -52.03%
• 1Y: -49.10%
• 3Y*: -28.53%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WM vs. ARQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WM Waste Management, Inc.	0.71%	10.50%	14.28%	16.20%	-4.49%	7.79%
ARQQ Arqit Quantum Inc.	-37.84%	-43.67%	227.76%	-86.87%	-84.93%	158.92%

Correlation

The correlation between WM and ARQQ is -0.16, 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	-0.16
Correlation (3Y) Calculated over the trailing 3-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Sep 7, 2021	0.01

The correlation between WM and ARQQ shifts across timeframes, from -0.16 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap WM : $88.75B ARQQ : $225.50M
EPS WM : $6.91 ARQQ : -$4.72
PS Ratio WM : 3.49 ARQQ : 151.77
PB Ratio WM : 8.86 ARQQ : 7.91
Total Revenue (TTM) WM : $25.41B ARQQ : $1.43M
Gross Profit (TTM) WM : $5.61B ARQQ : -$307.00K
EBITDA (TTM) WM : $6.96B ARQQ : -$68.30M

Return for Risk

WM vs. ARQQ — Risk / Return Rank

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

WM

WM Risk / Return Rank: 28
WM Sharpe Ratio Rank: 29
WM Sortino Ratio Rank: 25
WM Omega Ratio Rank: 25
WM Calmar Ratio Rank: 31
WM Martin Ratio Rank: 28

ARQQ

ARQQ Risk / Return Rank: 24
ARQQ Sharpe Ratio Rank: 22
ARQQ Sortino Ratio Rank: 27
ARQQ Omega Ratio Rank: 28
ARQQ Calmar Ratio Rank: 21
ARQQ Martin Ratio Rank: 25

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.

WM vs. ARQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Waste Management, Inc. (WM) and Arqit Quantum Inc. (ARQQ). 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.

	WM	ARQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.32	-0.47	+0.15
Sortino ratio: Return per unit of downside risk	-0.32	-0.20	-0.11
Omega ratio: Gain probability vs. loss probability	0.96	0.98	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.36	-0.62	+0.26
Martin ratio: Return relative to average drawdown	-0.79	-0.91	+0.12

WM vs. ARQQ - Sharpe Ratio Comparison

The current WM Sharpe Ratio is -0.32, which is higher than the ARQQ Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of WM and ARQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WM vs. ARQQ - Drawdown Comparison

The maximum WM drawdown since its inception was -77.85%, smaller than the maximum ARQQ drawdown of -99.60%. Use the drawdown chart below to compare losses from any high point for WM and ARQQ.

Drawdown Indicators

	WM	ARQQ	Difference
Max Drawdown Largest peak-to-trough decline	-77.85%	-99.60%	+21.75%
Max Drawdown (1Y) Largest decline over 1 year	-16.70%	-79.78%	+63.08%
Max Drawdown (3Y) Largest decline over 3 years	-18.14%	-89.76%	+71.62%
Max Drawdown (5Y) Largest decline over 5 years	-18.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.07%	—	—
Current Drawdown Current decline from peak	-10.24%	-98.57%	+88.33%
Average Drawdown Average peak-to-trough decline	-17.69%	-88.78%	+71.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.58%	53.78%	-46.20%

Volatility

WM vs. ARQQ - Volatility Comparison

The current volatility for Waste Management, Inc. (WM) is 6.13%, while Arqit Quantum Inc. (ARQQ) has a volatility of 35.65%. This indicates that WM experiences smaller price fluctuations and is considered to be less risky than ARQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WM	ARQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	35.65%	-29.52%
Volatility (6M) Calculated over the trailing 6-month period	14.08%	64.49%	-50.41%
Volatility (1Y) Calculated over the trailing 1-year period	19.03%	104.65%	-85.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.62%	134.12%	-115.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.54%	134.12%	-114.58%

Dividends

WM vs. ARQQ - Dividend Comparison

WM's dividend yield for the trailing twelve months is around 1.61%, while ARQQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARQQ Arqit Quantum Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WM Waste Management, Inc.	1.61%	1.50%	1.49%	1.56%	1.66%	1.38%	1.85%	1.80%	2.09%	1.97%	2.31%	2.89%

Financials

Frequently Asked Questions

Can I hold both WM and ARQQ in my portfolio?

WM and ARQQ have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WM or ARQQ?

ARQQ has higher volatility (35.65%) compared to WM (6.13%). In terms of maximum drawdown, WM dropped -77.85% vs ARQQ's -99.60%.

Which has better risk-adjusted returns?

WM currently has the higher Sharpe Ratio (-0.32 vs -0.47), 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.