WM vs. FSELX
WM (Waste Management, Inc.) is a stock, while FSELX (Fidelity Select Semiconductors Portfolio) is Semiconductors fund managed by Fidelity. Over the past 10 years, WM returned 14.98%/yr vs 39.23%/yr for FSELX. At a 0.26 correlation, their price movements are largely independent.
Performance
WM vs. FSELX - Performance Comparison
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Returns By Period
In the year-to-date period, WM achieves a 2.84% return, which is significantly lower than FSELX's 80.55% return. Over the past 10 years, WM has underperformed FSELX with an annualized return of 14.98%, while FSELX has yielded a comparatively higher 39.23% annualized return.
WM
- 1D
- 0.54%
- 1M
- 5.90%
- YTD
- 2.84%
- 6M
- 2.84%
- 1Y
- -0.49%
- 3Y*
- 10.60%
- 5Y*
- 11.28%
- 10Y*
- 14.98%
FSELX
- 1D
- 3.43%
- 1M
- 3.48%
- YTD
- 80.55%
- 6M
- 80.55%
- 1Y
- 134.73%
- 3Y*
- 64.10%
- 5Y*
- 44.05%
- 10Y*
- 39.23%
WM vs. FSELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WM Waste Management, Inc. | 2.84% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 5.46% | 30.45% | 5.32% | 24.46% |
FSELX Fidelity Select Semiconductors Portfolio | 80.55% | 52.17% | 49.68% | 78.49% | -35.27% | 59.16% | 44.33% | 64.50% | -12.01% | 34.51% |
Correlation
The correlation between WM and FSELX is -0.37, 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 | -0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1991 | 0.26 |
The correlation between WM and FSELX shifts across timeframes, from -0.37 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WM vs. FSELX — Risk / Return Rank
WM
FSELX
WM vs. FSELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Management, Inc. (WM) and Fidelity Select Semiconductors Portfolio (FSELX). 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 | FSELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.58 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.51 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 9.20 | -9.23 |
| Martin ratioReturn relative to average drawdown | -0.06 | 31.73 | -31.80 |
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Drawdowns
WM vs. FSELX - Drawdown Comparison
The maximum WM drawdown since its inception was -77.85%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for WM and FSELX.
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Drawdown Indicators
| WM | FSELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.85% | -82.54% | +4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -14.38% | -2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -36.31% | +18.17% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -46.37% | +28.23% |
Max Drawdown (10Y)Largest decline over 10 years | -30.07% | -46.37% | +16.30% |
Current DrawdownCurrent decline from peak | -8.34% | -4.53% | -3.81% |
Average DrawdownAverage peak-to-trough decline | -17.67% | -28.66% | +10.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.78% | 4.16% | +3.62% |
Volatility
WM vs. FSELX - Volatility Comparison
The current volatility for Waste Management, Inc. (WM) is 6.67%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 20.71%. This indicates that WM experiences smaller price fluctuations and is considered to be less risky than FSELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WM | FSELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 20.71% | -14.04% |
Volatility (6M)Calculated over the trailing 6-month period | 14.32% | 30.71% | -16.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.20% | 37.30% | -18.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.68% | 39.82% | -21.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.56% | 35.48% | -15.92% |
Dividends
WM vs. FSELX - Dividend Comparison
WM's dividend yield for the trailing twelve months is around 1.58%, less than FSELX's 9.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSELX Fidelity Select Semiconductors Portfolio | 9.07% | 11.11% | 7.97% | 7.20% | 6.69% | 6.99% | 8.13% | 3.36% | 26.80% | 14.44% | 3.82% | 15.22% |
WM Waste Management, Inc. | 1.58% | 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 FSELX have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSELX has higher volatility (20.71%) compared to WM (6.67%). In terms of maximum drawdown, WM dropped -77.85% vs FSELX's -82.54%.
FSELX currently has the higher Sharpe Ratio (3.55 vs -0.03), 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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