WM vs. SCHX
WM (Waste Management, Inc.) is a stock, while SCHX (Schwab U.S. Large-Cap ETF) is Large Cap Blend Equities fund tracking the Dow Jones U.S. Large-Cap Total Stock Market Index. Over the past 10 years, WM returned 15.25%/yr vs 15.20%/yr for SCHX. At a 0.49 correlation, their price movements are largely independent.
Performance
WM vs. SCHX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WM achieves a -0.81% return, which is significantly lower than SCHX's 8.56% return. Both investments have delivered pretty close results over the past 10 years, with WM having a 15.25% annualized return and SCHX not far behind at 15.20%.
WM
- 1D
- -1.93%
- 1M
- 0.79%
- YTD
- -0.81%
- 6M
- 3.67%
- 1Y
- -7.08%
- 3Y*
- 11.63%
- 5Y*
- 10.86%
- 10Y*
- 15.25%
SCHX
- 1D
- 0.28%
- 1M
- 0.45%
- YTD
- 8.56%
- 6M
- 8.52%
- 1Y
- 24.19%
- 3Y*
- 21.40%
- 5Y*
- 12.87%
- 10Y*
- 15.20%
WM vs. SCHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WM Waste Management, Inc. | -0.81% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 5.46% | 30.45% | 5.32% | 24.46% |
SCHX Schwab U.S. Large-Cap ETF | 8.56% | 17.46% | 24.88% | 26.84% | -19.41% | 26.81% | 20.81% | 31.22% | -4.66% | 21.95% |
Correlation
The correlation between WM and SCHX is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2009 | 0.49 |
The correlation between WM and SCHX shifts across timeframes, from -0.12 (1 year) to 0.49 (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. SCHX — Risk / Return Rank
WM
SCHX
WM vs. SCHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Management, Inc. (WM) and Schwab U.S. Large-Cap ETF (SCHX). 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 | SCHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.36 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 2.69 | -3.12 |
| Martin ratioReturn relative to average drawdown | -0.95 | 12.15 | -13.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| WM | SCHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.38 | 1.98 | -2.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.75 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.84 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.84 | -0.48 |
Drawdowns
WM vs. SCHX - Drawdown Comparison
The maximum WM drawdown since its inception was -77.85%, which is greater than SCHX's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for WM and SCHX.
Loading charts...
Drawdown Indicators
| WM | SCHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.85% | -34.33% | -43.52% |
Max Drawdown (1Y)Largest decline over 1 year | -16.72% | -9.02% | -7.70% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -19.04% | +0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -25.41% | +7.27% |
Max Drawdown (10Y)Largest decline over 10 years | -30.07% | -34.33% | +4.26% |
Current DrawdownCurrent decline from peak | -11.59% | -2.64% | -8.95% |
Average DrawdownAverage peak-to-trough decline | -17.69% | -3.97% | -13.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.49% | 2.00% | +5.49% |
Volatility
WM vs. SCHX - Volatility Comparison
Waste Management, Inc. (WM) has a higher volatility of 5.91% compared to Schwab U.S. Large-Cap ETF (SCHX) at 3.84%. This indicates that WM's price experiences larger fluctuations and is considered to be riskier than SCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WM | SCHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.91% | 3.84% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 13.69% | 9.44% | +4.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.73% | 12.27% | +6.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 17.16% | +1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 18.17% | +1.34% |
Dividends
WM vs. SCHX - Dividend Comparison
WM's dividend yield for the trailing twelve months is around 1.64%, more than SCHX's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHX Schwab U.S. Large-Cap ETF | 1.03% | 1.09% | 1.22% | 1.39% | 1.64% | 1.22% | 1.64% | 1.82% | 2.02% | 1.70% | 1.92% | 2.04% |
WM Waste Management, Inc. | 1.64% | 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 SCHX have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WM has higher volatility (5.91%) compared to SCHX (3.84%). In terms of maximum drawdown, WM dropped -77.85% vs SCHX's -34.33%.
SCHX currently has the higher Sharpe Ratio (1.98 vs -0.38), 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 SCHX
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