WM vs. ASWC.DE
WM (Waste Management, Inc.) is a stock, while ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) is Aerospace & Defense fund tracking the EQM Future of Defence Index. Over the past year, WM returned -5.98% vs 19.09% for ASWC.DE. At a 0.08 correlation, their price movements are largely independent.
Performance
WM vs. ASWC.DE - Performance Comparison
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Different Trading Currencies
WM is traded in USD, while ASWC.DE is traded in EUR. To make them comparable, the ASWC.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WM achieves a 0.71% return, which is significantly lower than ASWC.DE's 11.72% 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%
ASWC.DE
- 1D
- -0.69%
- 1M
- 6.78%
- YTD
- 11.72%
- 6M
- 12.63%
- 1Y
- 19.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WM vs. ASWC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WM Waste Management, Inc. | 0.71% | 10.50% | 14.28% | 5.40% |
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 11.72% | 56.13% | 31.39% | 16.05% |
Correlation
The correlation between WM and ASWC.DE is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2023 | 0.08 |
The correlation between WM and ASWC.DE shifts across timeframes, from -0.05 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WM vs. ASWC.DE — Risk / Return Rank
WM
ASWC.DE
WM vs. ASWC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Management, Inc. (WM) and HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE). 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 | ASWC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.17 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 1.48 | -1.84 |
| Martin ratioReturn relative to average drawdown | -0.79 | 3.59 | -4.38 |
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Drawdowns
WM vs. ASWC.DE - Drawdown Comparison
The maximum WM drawdown since its inception was -77.85%, which is greater than ASWC.DE's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for WM and ASWC.DE.
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Drawdown Indicators
| WM | ASWC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.85% | -12.88% | -64.97% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -12.88% | -3.82% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.07% | — | — |
Current DrawdownCurrent decline from peak | -10.24% | -3.01% | -7.23% |
Average DrawdownAverage peak-to-trough decline | -17.69% | -2.59% | -15.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 5.31% | +2.27% |
Volatility
WM vs. ASWC.DE - Volatility Comparison
Waste Management, Inc. (WM) and HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) have volatilities of 6.13% and 6.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WM | ASWC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 6.18% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 16.05% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.03% | 20.50% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 19.46% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.54% | 19.46% | +0.08% |
Dividends
WM vs. ASWC.DE - Dividend Comparison
WM's dividend yield for the trailing twelve months is around 1.61%, while ASWC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 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% |
Frequently Asked Questions
WM and ASWC.DE have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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