WM vs. IXN
WM (Waste Management, Inc.) is a stock, while IXN (iShares Global Tech ETF) is Technology Equities fund tracking the S&P Global Information Technology Sector Index. Over the past 10 years, WM returned 15.19%/yr vs 25.29%/yr for IXN. At a 0.39 correlation, their price movements are largely independent.
Performance
WM vs. IXN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WM achieves a 0.43% return, which is significantly lower than IXN's 32.88% return. Over the past 10 years, WM has underperformed IXN with an annualized return of 15.19%, while IXN has yielded a comparatively higher 25.29% annualized return.
WM
- 1D
- 2.59%
- 1M
- 0.87%
- YTD
- 0.43%
- 6M
- 0.15%
- 1Y
- -5.27%
- 3Y*
- 11.43%
- 5Y*
- 11.30%
- 10Y*
- 15.19%
IXN
- 1D
- -5.33%
- 1M
- 3.10%
- YTD
- 32.88%
- 6M
- 32.08%
- 1Y
- 59.88%
- 3Y*
- 32.94%
- 5Y*
- 20.94%
- 10Y*
- 25.29%
WM vs. IXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WM Waste Management, Inc. | 0.43% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 5.46% | 30.45% | 5.32% | 24.46% |
IXN iShares Global Tech ETF | 32.88% | 25.25% | 24.84% | 52.98% | -29.86% | 29.58% | 43.62% | 47.88% | -5.44% | 41.23% |
Correlation
The correlation between WM and IXN is -0.38, 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 | -0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2001 | 0.39 |
The correlation between WM and IXN shifts across timeframes, from -0.38 (1 year) to 0.39 (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. IXN — Risk / Return Rank
WM
IXN
WM vs. IXN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Management, Inc. (WM) and iShares Global Tech ETF (IXN). 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 | IXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -3.18 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.40 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 4.36 | -4.68 |
| Martin ratioReturn relative to average drawdown | -0.68 | 14.06 | -14.74 |
Loading charts...
Drawdowns
WM vs. IXN - Drawdown Comparison
The maximum WM drawdown since its inception was -77.85%, which is greater than IXN's maximum drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for WM and IXN.
Loading charts...
Drawdown Indicators
| WM | IXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.85% | -55.67% | -22.18% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -13.80% | -2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -25.55% | +7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -36.30% | +18.16% |
Max Drawdown (10Y)Largest decline over 10 years | -30.07% | -36.30% | +6.23% |
Current DrawdownCurrent decline from peak | -10.49% | -6.82% | -3.67% |
Average DrawdownAverage peak-to-trough decline | -17.68% | -11.26% | -6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 4.27% | +3.46% |
Volatility
WM vs. IXN - Volatility Comparison
The current volatility for Waste Management, Inc. (WM) is 6.58%, while iShares Global Tech ETF (IXN) has a volatility of 14.03%. This indicates that WM experiences smaller price fluctuations and is considered to be less risky than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WM | IXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 14.03% | -7.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.22% | 21.54% | -7.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.24% | 25.21% | -5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 25.45% | -6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 24.67% | -5.10% |
Dividends
WM vs. IXN - Dividend Comparison
WM's dividend yield for the trailing twelve months is around 1.62%, more than IXN's 0.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.79% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
WM Waste Management, Inc. | 1.62% | 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 IXN have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXN has higher volatility (14.03%) compared to WM (6.58%). In terms of maximum drawdown, WM dropped -77.85% vs IXN's -55.67%.
IXN currently has the higher Sharpe Ratio (2.39 vs -0.28), 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 IXN
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