WM vs. GFL
WM (Waste Management, Inc.) and GFL (GFL Environmental Inc.) are both stocks. Both operate in the Waste Management industry within the Industrials sector. Over the past 5 years, WM returned 10.74%/yr vs 2.13%/yr for GFL. At a 0.41 correlation, their price movements are largely independent.
Performance
WM vs. GFL - Performance Comparison
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Returns By Period
In the year-to-date period, WM achieves a -2.10% return, which is significantly higher than GFL's -18.45% return.
WM
- 1D
- -0.60%
- 1M
- -1.68%
- YTD
- -2.10%
- 6M
- -2.08%
- 1Y
- -6.56%
- 3Y*
- 10.49%
- 5Y*
- 10.74%
- 10Y*
- 14.90%
GFL
- 1D
- -0.28%
- 1M
- -2.02%
- YTD
- -18.45%
- 6M
- -18.73%
- 1Y
- -29.08%
- 3Y*
- -1.50%
- 5Y*
- 2.13%
- 10Y*
- —
WM vs. GFL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WM Waste Management, Inc. | -2.10% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 2.70% |
GFL GFL Environmental Inc. | -18.45% | -3.44% | 29.26% | 18.24% | -22.65% | 29.88% | 67.01% |
Correlation
The correlation between WM and GFL is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2020 | 0.41 |
The correlation between WM and GFL shifts across timeframes, from 0.41 (all time) to 0.54 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
WM:
$86.26B
GFL:
$12.55B
WM:
$6.91
GFL:
CA$0.57
WM:
30.87
GFL:
87.77
WM:
3.39
GFL:
2.73
WM:
8.61
GFL:
2.44
WM:
$25.41B
GFL:
CA$6.70B
WM:
$5.61B
GFL:
CA$1.38B
WM:
$6.96B
GFL:
CA$2.14B
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Return for Risk
WM vs. GFL — Risk / Return Rank
WM
GFL
WM vs. GFL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Management, Inc. (WM) and GFL Environmental Inc. (GFL). 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 | GFL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.80 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | -0.85 | +0.46 |
| Martin ratioReturn relative to average drawdown | -0.85 | -1.78 | +0.93 |
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Drawdowns
WM vs. GFL - Drawdown Comparison
The maximum WM drawdown since its inception was -77.85%, which is greater than GFL's maximum drawdown of -42.76%. Use the drawdown chart below to compare losses from any high point for WM and GFL.
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Drawdown Indicators
| WM | GFL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.85% | -42.76% | -35.09% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -34.20% | +17.50% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -34.88% | +16.74% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -42.76% | +24.62% |
Max Drawdown (10Y)Largest decline over 10 years | -30.07% | — | — |
Current DrawdownCurrent decline from peak | -12.75% | -32.05% | +19.30% |
Average DrawdownAverage peak-to-trough decline | -17.68% | -14.46% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.70% | 16.34% | -8.64% |
Volatility
WM vs. GFL - Volatility Comparison
The current volatility for Waste Management, Inc. (WM) is 6.07%, while GFL Environmental Inc. (GFL) has a volatility of 8.52%. This indicates that WM experiences smaller price fluctuations and is considered to be less risky than GFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WM | GFL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 8.52% | -2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.00% | 21.92% | -7.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.10% | 25.72% | -6.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 29.80% | -11.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.55% | 32.96% | -13.41% |
Dividends
WM vs. GFL - Dividend Comparison
WM's dividend yield for the trailing twelve months is around 1.66%, more than GFL's 0.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GFL GFL Environmental Inc. | 0.18% | 0.14% | 0.12% | 0.15% | 0.16% | 0.11% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WM Waste Management, Inc. | 1.66% | 1.50% | 1.49% | 1.56% | 1.66% | 1.38% | 1.85% | 1.80% | 2.09% | 1.97% | 2.31% | 2.89% |
Financials
WM vs. GFL - Financials Comparison
This section allows you to compare key financial metrics between Waste Management, Inc. and GFL Environmental Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
WM vs. GFL - Profitability Comparison
WM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Waste Management, Inc. reported a gross profit of 0.00 and revenue of 6.23B. Therefore, the gross margin over that period was 0.0%.
GFL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, GFL Environmental Inc. reported a gross profit of 300.57M and revenue of 1.65B. Therefore, the gross margin over that period was 18.2%.
WM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Waste Management, Inc. reported an operating income of 1.11B and revenue of 6.23B, resulting in an operating margin of 17.9%.
GFL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, GFL Environmental Inc. reported an operating income of 34.09M and revenue of 1.65B, resulting in an operating margin of 2.1%.
WM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Waste Management, Inc. reported a net income of 723.00M and revenue of 6.23B, resulting in a net margin of 11.6%.
GFL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, GFL Environmental Inc. reported a net income of -216.26M and revenue of 1.65B, resulting in a net margin of -13.1%.
Frequently Asked Questions
WM and GFL have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GFL has higher volatility (8.52%) compared to WM (6.07%). In terms of maximum drawdown, WM dropped -77.85% vs GFL's -42.76%.
WM currently has the higher Sharpe Ratio (-0.35 vs -1.14), 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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