WM vs. FLJH
WM (Waste Management, Inc.) is a stock, while FLJH (Franklin FTSE Japan Hedged ETF) is Japan Equities fund tracking the FTSE Japan RIC Capped Hedged to USD Net Tax Index. Over the past 5 years, WM returned 11.14%/yr vs 20.54%/yr for FLJH. At a 0.21 correlation, their price movements are largely independent.
Performance
WM vs. FLJH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WM achieves a 0.71% return, which is significantly lower than FLJH's 18.85% return.
WM
- 1D
- 0.30%
- 1M
- 0.26%
- YTD
- 0.71%
- 6M
- 2.63%
- 1Y
- -5.72%
- 3Y*
- 12.33%
- 5Y*
- 11.14%
- 10Y*
- 15.36%
FLJH
- 1D
- 0.82%
- 1M
- 1.43%
- YTD
- 18.85%
- 6M
- 15.00%
- 1Y
- 45.89%
- 3Y*
- 25.97%
- 5Y*
- 20.54%
- 10Y*
- —
WM vs. FLJH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WM Waste Management, Inc. | 0.71% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 5.46% | 30.45% | 5.32% | 6.18% |
FLJH Franklin FTSE Japan Hedged ETF | 18.85% | 25.26% | 25.89% | 36.02% | -2.75% | 12.68% | 10.65% | 20.34% | -14.66% | 1.26% |
Correlation
The correlation between WM and FLJH is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.21 |
The correlation between WM and FLJH shifts across timeframes, from -0.13 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WM vs. FLJH — Risk / Return Rank
WM
FLJH
WM vs. FLJH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Management, Inc. (WM) and Franklin FTSE Japan Hedged ETF (FLJH). 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 | FLJH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.77 | ||
| Sortino ratioReturn per unit of downside risk | -3.67 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.45 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 4.20 | -4.56 |
| Martin ratioReturn relative to average drawdown | -0.79 | 16.28 | -17.07 |
Loading charts...
Drawdowns
WM vs. FLJH - Drawdown Comparison
The maximum WM drawdown since its inception was -77.85%, which is greater than FLJH's maximum drawdown of -31.51%. Use the drawdown chart below to compare losses from any high point for WM and FLJH.
Loading charts...
Drawdown Indicators
| WM | FLJH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.85% | -31.51% | -46.34% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -10.80% | -5.90% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -20.39% | +2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -20.39% | +2.25% |
Max Drawdown (10Y)Largest decline over 10 years | -30.07% | — | — |
Current DrawdownCurrent decline from peak | -10.24% | -1.30% | -8.94% |
Average DrawdownAverage peak-to-trough decline | -17.69% | -5.30% | -12.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 2.78% | +4.80% |
Volatility
WM vs. FLJH - Volatility Comparison
Waste Management, Inc. (WM) has a higher volatility of 6.13% compared to Franklin FTSE Japan Hedged ETF (FLJH) at 5.20%. This indicates that WM's price experiences larger fluctuations and is considered to be riskier than FLJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WM | FLJH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 5.20% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 14.09% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.03% | 18.44% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 18.61% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.54% | 19.84% | -0.30% |
Dividends
WM vs. FLJH - Dividend Comparison
WM's dividend yield for the trailing twelve months is around 1.61%, less than FLJH's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLJH Franklin FTSE Japan Hedged ETF | 3.28% | 3.90% | 5.06% | 25.59% | 26.67% | 1.29% | 0.00% | 0.00% | 5.92% | 0.10% | 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 FLJH have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WM has higher volatility (6.13%) compared to FLJH (5.20%). In terms of maximum drawdown, WM dropped -77.85% vs FLJH's -31.51%.
FLJH currently has the higher Sharpe Ratio (2.46 vs -0.32), 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.
Find the right allocation for WM and FLJH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer