WM vs. BTC-USD
WM (Waste Management, Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, WM returned 15.25%/yr vs 59.68%/yr for BTC-USD. At a 0.02 correlation, their price movements are largely independent.
Performance
WM vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, WM achieves a -0.81% return, which is significantly higher than BTC-USD's -28.54% return. Over the past 10 years, WM has underperformed BTC-USD with an annualized return of 15.25%, while BTC-USD has yielded a comparatively higher 59.68% annualized return.
WM
- 1D
- -1.93%
- 1M
- 0.79%
- YTD
- -0.81%
- 6M
- 3.67%
- 1Y
- -7.08%
- 3Y*
- 11.63%
- 5Y*
- 10.86%
- 10Y*
- 15.25%
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
WM vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WM Waste Management, Inc. | -0.81% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 5.46% | 30.45% | 5.32% | 24.46% |
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between WM and BTC-USD is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.02 |
The correlation between WM and BTC-USD shifts across timeframes, from -0.09 (1 year) to 0.03 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
WM vs. BTC-USD — Risk / Return Rank
WM
BTC-USD
WM vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Management, Inc. (WM) and Bitcoin (BTC-USD). 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.
| WM | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.86 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | -0.80 | +0.37 |
| Martin ratioReturn relative to average drawdown | -0.95 | -1.42 | +0.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WM | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.38 | -0.95 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.20 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.87 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 1.13 | -0.77 |
Drawdowns
WM vs. BTC-USD - Drawdown Comparison
The maximum WM drawdown since its inception was -77.85%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for WM and BTC-USD.
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Drawdown Indicators
| WM | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.85% | -85.30% | +7.45% |
Max Drawdown (1Y)Largest decline over 1 year | -16.72% | -51.21% | +34.49% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -51.21% | +33.07% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -76.67% | +58.53% |
Max Drawdown (10Y)Largest decline over 10 years | -30.07% | -83.80% | +53.73% |
Current DrawdownCurrent decline from peak | -11.59% | -49.86% | +38.27% |
Average DrawdownAverage peak-to-trough decline | -17.69% | -42.32% | +24.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.49% | 34.46% | -26.97% |
Volatility
WM vs. BTC-USD - Volatility Comparison
The current volatility for Waste Management, Inc. (WM) is 5.91%, while Bitcoin (BTC-USD) has a volatility of 11.59%. This indicates that WM experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WM | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.91% | 11.59% | -5.68% |
Volatility (6M)Calculated over the trailing 6-month period | 13.69% | 34.53% | -20.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.73% | 35.67% | -16.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 44.95% | -26.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 56.71% | -37.20% |
Frequently Asked Questions
WM and BTC-USD have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (11.59%) compared to WM (5.91%). In terms of maximum drawdown, WM dropped -77.85% vs BTC-USD's -85.30%.
WM currently has the higher Sharpe Ratio (-0.38 vs -0.95), 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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