WM vs. IBIT
WM (Waste Management, Inc.) is a stock, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, WM returned -5.72% vs -39.67% for IBIT. At a correlation of -0.06, they often move in opposite directions.
Performance
WM vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, WM achieves a 0.71% return, which is significantly higher than IBIT's -27.41% 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%
IBIT
- 1D
- -0.03%
- 1M
- -19.59%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WM vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WM Waste Management, Inc. | 0.71% | 10.50% | 14.23% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between WM and IBIT is -0.19, 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 | -0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | -0.06 |
The correlation between WM and IBIT shifts across timeframes, from -0.19 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WM vs. IBIT — Risk / Return Rank
WM
IBIT
WM vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Management, Inc. (WM) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.85 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | -0.78 | +0.42 |
| Martin ratioReturn relative to average drawdown | -0.79 | -1.37 | +0.58 |
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Drawdowns
WM vs. IBIT - Drawdown Comparison
The maximum WM drawdown since its inception was -77.85%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for WM and IBIT.
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Drawdown Indicators
| WM | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.85% | -52.11% | -25.74% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -52.11% | +35.41% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.07% | — | — |
Current DrawdownCurrent decline from peak | -10.24% | -49.45% | +39.21% |
Average DrawdownAverage peak-to-trough decline | -17.69% | -16.53% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 29.64% | -22.06% |
Volatility
WM vs. IBIT - Volatility Comparison
The current volatility for Waste Management, Inc. (WM) is 6.13%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.07%. This indicates that WM experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WM | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 12.07% | -5.94% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 34.45% | -20.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.03% | 44.10% | -25.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 50.26% | -31.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.54% | 50.26% | -30.72% |
Dividends
WM vs. IBIT - Dividend Comparison
WM's dividend yield for the trailing twelve months is around 1.61%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 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. | 1.61% | 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 IBIT have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to WM (6.13%). In terms of maximum drawdown, WM dropped -77.85% vs IBIT's -52.11%.
WM currently has the higher Sharpe Ratio (-0.32 vs -0.92), 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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