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WM vs. EGLN.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WM vs. EGLN.L

Last updated Jun 9, 2026

WM (Waste Management, Inc.) is a stock, while EGLN.L (iShares Physical Gold ETC) is Gold fund tracking the LBMA Gold Price. Over the past 10 years, WM returned 15.25%/yr vs 11.49%/yr for EGLN.L. At a 0.04 correlation, their price movements are largely independent.

Performance

WM vs. EGLN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Waste Management, Inc. (WM) and iShares Physical Gold ETC (EGLN.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

WM is traded in USD, while EGLN.L is traded in EUR. To make them comparable, the EGLN.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, WM achieves a -0.81% return, which is significantly lower than EGLN.L's 0.45% return. Over the past 10 years, WM has outperformed EGLN.L with an annualized return of 15.25%, while EGLN.L has yielded a comparatively lower 11.49% 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%

EGLN.L

1D
-0.22%
1M
-8.17%
YTD
0.45%
6M
3.04%
1Y
29.80%
3Y*
30.05%
5Y*
17.89%
10Y*
11.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WM vs. EGLN.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WM
Waste Management, Inc.		-0.81%10.50%14.28%16.20%-4.49%43.82%5.46%30.45%5.32%24.46%
EGLN.L
iShares Physical Gold ETC		0.45%65.63%26.01%12.82%-0.37%-3.23%23.75%18.25%-1.44%13.61%

Correlation

The correlation between WM and EGLN.L is 0.03, 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

0.03

Correlation (3Y)
Calculated over the trailing 3-year period

0.04

Correlation (5Y)
Calculated over the trailing 5-year period

0.09

Correlation (10Y)
Calculated over the trailing 10-year period

0.05

Correlation (All Time)
Calculated using the full available price history since Apr 8, 2011

0.04

Compare stocks, funds, or ETFs

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Waste Management, Inc.

iShares Physical Gold ETC

Often compared with WM:
WM vs. RSGWM vs. WCNWM vs. KOWM vs. SCHDWM vs. GFLWM vs. CLHWM vs. UNP
Often compared with EGLN.L:
EGLN.L vs. 4GLD.DEEGLN.L vs. XAUUSD=XEGLN.L vs. SPGP.LEGLN.L vs. GDXEGLN.L vs. VWRD.LEGLN.L vs. SGLN.LEGLN.L vs. IQQ0.DE

Return for Risk

WM vs. EGLN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WM
WM Risk / Return Rank: 2424
Overall Rank
WM Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
WM Sortino Ratio Rank: 2222
Sortino Ratio Rank
WM Omega Ratio Rank: 2323
Omega Ratio Rank
WM Calmar Ratio Rank: 2828
Calmar Ratio Rank
WM Martin Ratio Rank: 2323
Martin Ratio Rank
EGLN.L
EGLN.L Risk / Return Rank: 3636
Overall Rank
EGLN.L Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
EGLN.L Sortino Ratio Rank: 3333
Sortino Ratio Rank
EGLN.L Omega Ratio Rank: 4242
Omega Ratio Rank
EGLN.L Calmar Ratio Rank: 3636
Calmar Ratio Rank
EGLN.L Martin Ratio Rank: 3131
Martin Ratio Rank
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. EGLN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Waste Management, Inc. (WM) and iShares Physical Gold ETC (EGLN.L). 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.

WMEGLN.LDifference
Sharpe ratioReturn per unit of total volatility
-0.38
1.21

-1.59

Sortino ratioReturn per unit of downside risk
-0.41
1.64

-2.05

Omega ratioGain probability vs. loss probability

0.95

1.24

-0.29

Calmar ratioReturn relative to maximum drawdown

-0.43

1.62

-2.04

Martin ratioReturn relative to average drawdown

-0.95

4.27

-5.22

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WM vs. EGLN.L - Sharpe Ratio Comparison

The current WM Sharpe Ratio is -0.38, which is lower than the EGLN.L Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of WM and EGLN.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

WMEGLN.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.38

1.21

-1.59

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

0.98

-0.39

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.78

0.67

+0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

0.24

+0.12

Drawdowns

WM vs. EGLN.L - Drawdown Comparison

The maximum WM drawdown since its inception was -77.85%, which is greater than EGLN.L's maximum drawdown of -59.11%. Use the drawdown chart below to compare losses from any high point for WM and EGLN.L.

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Drawdown Indicators

WMEGLN.LDifference

Max Drawdown

Largest peak-to-trough decline

-77.85%

-59.11%

-18.74%

Max Drawdown (1Y)

Largest decline over 1 year

-16.72%

-18.36%

+1.64%

Max Drawdown (3Y)

Largest decline over 3 years

-18.14%

-18.36%

+0.22%

Max Drawdown (5Y)

Largest decline over 5 years

-18.14%

-21.26%

+3.12%

Max Drawdown (10Y)

Largest decline over 10 years

-30.07%

-26.49%

-3.58%

Current Drawdown

Current decline from peak

-11.59%

-18.36%

+6.77%

Average Drawdown

Average peak-to-trough decline

-17.69%

-33.86%

+16.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.49%

6.96%

+0.53%

Volatility

WM vs. EGLN.L - Volatility Comparison

Waste Management, Inc. (WM) and iShares Physical Gold ETC (EGLN.L) have volatilities of 5.91% and 5.88%, 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

WMEGLN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.91%

5.88%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

13.69%

21.15%

-7.46%

Volatility (1Y)

Calculated over the trailing 1-year period

18.73%

24.47%

-5.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.55%

18.32%

+0.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.51%

17.05%

+2.46%

Dividends

WM vs. EGLN.L - Dividend Comparison

WM's dividend yield for the trailing twelve months is around 1.64%, while EGLN.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EGLN.L
iShares Physical Gold ETC		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.		1.64%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 EGLN.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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