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 15.51%/yr vs 25.57%/yr for IXN. At a 0.39 correlation, their price movements are largely independent.
Performance
WM vs. IXN - Performance Comparison
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Returns By Period
In the year-to-date period, WM achieves a -0.38% return, which is significantly lower than IXN's 41.18% return. Over the past 10 years, WM has underperformed IXN with an annualized return of 15.51%, while IXN has yielded a comparatively higher 25.57% annualized return.
WM
- 1D
- 2.86%
- 1M
- -4.32%
- YTD
- -0.38%
- 6M
- 1.65%
- 1Y
- -7.86%
- 3Y*
- 11.27%
- 5Y*
- 10.77%
- 10Y*
- 15.51%
IXN
- 1D
- -1.00%
- 1M
- 21.36%
- YTD
- 41.18%
- 6M
- 41.72%
- 1Y
- 74.57%
- 3Y*
- 36.05%
- 5Y*
- 23.25%
- 10Y*
- 25.57%
WM vs. IXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WM Waste Management, Inc. | -0.38% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 5.46% | 30.45% | 5.32% | 24.46% |
IXN iShares Global Tech ETF | 41.18% | 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 -0.31, 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 | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2001 | 0.39 |
The correlation between WM and IXN shifts across timeframes, from -0.31 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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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.
| WM | IXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.84 | ||
| Sortino ratioReturn per unit of downside risk | -4.61 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.54 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 5.43 | -5.90 |
| Martin ratioReturn relative to average drawdown | -1.04 | 18.73 | -19.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WM | IXN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.43 | 3.41 | -3.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.94 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 1.05 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.54 | -0.18 |
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.
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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 | -17.04% | -13.80% | -3.24% |
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 | -11.21% | -1.00% | -10.21% |
Average DrawdownAverage peak-to-trough decline | -17.69% | -11.27% | -6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.92% | 3.99% | +3.93% |
Volatility
WM vs. IXN - Volatility Comparison
The current volatility for Waste Management, Inc. (WM) is 5.88%, while iShares Global Tech ETF (IXN) has a volatility of 7.95%. 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.
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Volatility by Period
| WM | IXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 7.95% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 13.57% | 17.85% | -4.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 21.98% | -3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.53% | 24.84% | -6.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 24.40% | -4.91% |
Dividends
WM vs. IXN - Dividend Comparison
WM's dividend yield for the trailing twelve months is around 1.57%, more than IXN's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.74% | 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. | 1.57% | 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 -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXN has higher volatility (7.95%) compared to WM (5.88%). In terms of maximum drawdown, WM dropped -77.85% vs IXN's -55.67%.
IXN currently has the higher Sharpe Ratio (3.41 vs -0.42), 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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