WM vs. HLMA.L
WM (Waste Management, Inc.) and HLMA.L (Halma plc) are both stocks. Both are in the Industrials sector — WM in Waste Management, HLMA.L in Conglomerates. Over the past 10 years, WM returned 15.36%/yr vs 15.68%/yr for HLMA.L. At a 0.22 correlation, their price movements are largely independent.
Performance
WM vs. HLMA.L - Performance Comparison
Loading charts...
Different Trading Currencies
WM is traded in USD, while HLMA.L is traded in GBp. To make them comparable, the HLMA.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 0.71% return, which is significantly lower than HLMA.L's 9.67% return. Both investments have delivered pretty close results over the past 10 years, with WM having a 15.36% annualized return and HLMA.L not far ahead at 15.68%.
WM
- 1D
- 0.30%
- 1M
- 1.83%
- YTD
- 0.71%
- 6M
- 2.63%
- 1Y
- -5.98%
- 3Y*
- 12.33%
- 5Y*
- 11.14%
- 10Y*
- 15.36%
HLMA.L
- 1D
- -0.92%
- 1M
- -15.33%
- YTD
- 9.67%
- 6M
- 12.83%
- 1Y
- 23.82%
- 3Y*
- 20.06%
- 5Y*
- 7.09%
- 10Y*
- 15.68%
WM vs. HLMA.L - 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% | 24.46% |
HLMA.L Halma plc | 9.67% | 42.52% | 16.72% | 22.94% | -44.39% | 30.29% | 20.15% | 62.62% | 3.28% | 55.63% |
Correlation
The correlation between WM and HLMA.L 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 | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2007 | 0.22 |
The correlation between WM and HLMA.L shifts across timeframes, from -0.09 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
Fundamentals
WM:
$88.75B
HLMA.L:
£14.80B
WM:
$6.91
HLMA.L:
£1.55
WM:
31.76
HLMA.L:
25.12
WM:
2.60
HLMA.L:
2.16
WM:
3.49
HLMA.L:
3.48
WM:
8.86
HLMA.L:
6.83
WM:
$25.41B
HLMA.L:
£4.24B
WM:
$5.61B
HLMA.L:
£1.11B
WM:
$6.96B
HLMA.L:
£1.04B
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. HLMA.L — Risk / Return Rank
WM
HLMA.L
WM vs. HLMA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Management, Inc. (WM) and Halma plc (HLMA.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.
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 | HLMA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.18 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 1.17 | -1.53 |
| Martin ratioReturn relative to average drawdown | -0.79 | 5.53 | -6.32 |
Loading charts...
Drawdowns
WM vs. HLMA.L - Drawdown Comparison
The maximum WM drawdown since its inception was -77.85%, which is greater than HLMA.L's maximum drawdown of -60.44%. Use the drawdown chart below to compare losses from any high point for WM and HLMA.L.
Loading charts...
Drawdown Indicators
| WM | HLMA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.85% | -60.44% | -17.41% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -20.26% | +3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -27.99% | +9.85% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -49.10% | +30.96% |
Max Drawdown (10Y)Largest decline over 10 years | -30.07% | -49.10% | +19.03% |
Current DrawdownCurrent decline from peak | -10.24% | -20.26% | +10.02% |
Average DrawdownAverage peak-to-trough decline | -17.69% | -13.57% | -4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 4.30% | +3.28% |
Volatility
WM vs. HLMA.L - Volatility Comparison
The current volatility for Waste Management, Inc. (WM) is 6.13%, while Halma plc (HLMA.L) has a volatility of 18.77%. This indicates that WM experiences smaller price fluctuations and is considered to be less risky than HLMA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WM | HLMA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 18.77% | -12.64% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 26.63% | -12.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.03% | 30.33% | -11.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 29.03% | -10.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.54% | 27.35% | -7.81% |
Dividends
WM vs. HLMA.L - Dividend Comparison
WM's dividend yield for the trailing twelve months is around 1.61%, more than HLMA.L's 0.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLMA.L Halma plc | 0.61% | 0.67% | 0.83% | 0.91% | 0.98% | 0.57% | 0.69% | 0.76% | 1.11% | 1.12% | 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% |
Financials
WM vs. HLMA.L - Financials Comparison
This section allows you to compare key financial metrics between Waste Management, Inc. and Halma plc. 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. HLMA.L - 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%.
HLMA.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Halma plc reported a gross profit of 0.00 and revenue of 1.34B. Therefore, the gross margin over that period was 0.0%.
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%.
HLMA.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Halma plc reported an operating income of 268.90M and revenue of 1.34B, resulting in an operating margin of 20.0%.
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%.
HLMA.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Halma plc reported a net income of 185.50M and revenue of 1.34B, resulting in a net margin of 13.8%.
Frequently Asked Questions
WM and HLMA.L 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.
Find the right allocation for WM and HLMA.L
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