WM vs. OPPJ
WM (Waste Management, Inc.) is a stock, while OPPJ (WisdomTree Japan Opportunities ETF) is Japan Equities fund tracking the WisdomTree Japan Opportunities Index. Over the past 10 years, WM returned 15.36%/yr vs 17.80%/yr for OPPJ. At a 0.28 correlation, their price movements are largely independent.
Performance
WM vs. OPPJ - Performance Comparison
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Returns By Period
In the year-to-date period, WM achieves a 0.71% return, which is significantly lower than OPPJ's 26.23% return. Over the past 10 years, WM has underperformed OPPJ with an annualized return of 15.36%, while OPPJ has yielded a comparatively higher 17.80% annualized 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%
OPPJ
- 1D
- 1.04%
- 1M
- -4.22%
- YTD
- 26.23%
- 6M
- 27.08%
- 1Y
- 64.16%
- 3Y*
- 33.91%
- 5Y*
- 25.20%
- 10Y*
- 17.80%
WM vs. OPPJ - 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% |
OPPJ WisdomTree Japan Opportunities ETF | 26.23% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
Correlation
The correlation between WM and OPPJ is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.28 |
The correlation between WM and OPPJ shifts across timeframes, from -0.07 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WM vs. OPPJ — Risk / Return Rank
WM
OPPJ
WM vs. OPPJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Management, Inc. (WM) and WisdomTree Japan Opportunities ETF (OPPJ). 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 | OPPJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.54 | ||
| Sortino ratioReturn per unit of downside risk | -4.50 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.53 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 6.58 | -6.94 |
| Martin ratioReturn relative to average drawdown | -0.79 | 22.36 | -23.15 |
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Drawdowns
WM vs. OPPJ - Drawdown Comparison
The maximum WM drawdown since its inception was -77.85%, which is greater than OPPJ's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for WM and OPPJ.
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Drawdown Indicators
| WM | OPPJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.85% | -39.30% | -38.55% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -9.82% | -6.88% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -16.49% | -1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -16.49% | -1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -30.07% | -39.30% | +9.23% |
Current DrawdownCurrent decline from peak | -10.24% | -4.22% | -6.02% |
Average DrawdownAverage peak-to-trough decline | -17.69% | -6.49% | -11.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 2.89% | +4.69% |
Volatility
WM vs. OPPJ - Volatility Comparison
Waste Management, Inc. (WM) has a higher volatility of 6.13% compared to WisdomTree Japan Opportunities ETF (OPPJ) at 5.83%. This indicates that WM's price experiences larger fluctuations and is considered to be riskier than OPPJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WM | OPPJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 5.83% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 15.99% | -1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.03% | 20.10% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 18.15% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.54% | 19.73% | -0.19% |
Dividends
WM vs. OPPJ - Dividend Comparison
WM's dividend yield for the trailing twelve months is around 1.61%, more than OPPJ's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPPJ WisdomTree Japan Opportunities ETF | 1.50% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
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 OPPJ have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WM has higher volatility (6.13%) compared to OPPJ (5.83%). In terms of maximum drawdown, WM dropped -77.85% vs OPPJ's -39.30%.
OPPJ currently has the higher Sharpe Ratio (3.22 vs -0.32), 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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