WM vs. SLV
WM (Waste Management, Inc.) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, WM returned 15.25%/yr vs 14.08%/yr for SLV. At a 0.09 correlation, their price movements are largely independent.
Performance
WM vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, WM achieves a -0.81% return, which is significantly higher than SLV's -4.41% return. Over the past 10 years, WM has outperformed SLV with an annualized return of 15.25%, while SLV has yielded a comparatively lower 14.08% annualized return.
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%
SLV
- 1D
- 0.02%
- 1M
- -15.66%
- YTD
- -4.41%
- 6M
- 16.83%
- 1Y
- 88.38%
- 3Y*
- 40.36%
- 5Y*
- 19.02%
- 10Y*
- 14.08%
WM vs. SLV - 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% |
SLV iShares Silver Trust | -4.41% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between WM and SLV is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.09 |
The correlation between WM and SLV shifts across timeframes, from -0.08 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WM vs. SLV — Risk / Return Rank
WM
SLV
WM vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Management, Inc. (WM) and iShares Silver Trust (SLV). 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 | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.30 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 2.09 | -2.52 |
| Martin ratioReturn relative to average drawdown | -0.95 | 4.40 | -5.35 |
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 | SLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.38 | 1.50 | -1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.53 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.44 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.23 | +0.13 |
Drawdowns
WM vs. SLV - Drawdown Comparison
The maximum WM drawdown since its inception was -77.85%, roughly equal to the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for WM and SLV.
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Drawdown Indicators
| WM | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.85% | -76.28% | -1.57% |
Max Drawdown (1Y)Largest decline over 1 year | -16.72% | -42.45% | +25.73% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -42.45% | +24.31% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -42.45% | +24.31% |
Max Drawdown (10Y)Largest decline over 10 years | -30.07% | -42.81% | +12.74% |
Current DrawdownCurrent decline from peak | -11.59% | -41.69% | +30.10% |
Average DrawdownAverage peak-to-trough decline | -17.69% | -44.67% | +26.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.49% | 20.15% | -12.66% |
Volatility
WM vs. SLV - Volatility Comparison
The current volatility for Waste Management, Inc. (WM) is 5.91%, while iShares Silver Trust (SLV) has a volatility of 16.89%. This indicates that WM experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WM | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.91% | 16.89% | -10.98% |
Volatility (6M)Calculated over the trailing 6-month period | 13.69% | 58.88% | -45.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.73% | 59.53% | -40.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 36.33% | -17.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 31.92% | -12.41% |
Dividends
WM vs. SLV - Dividend Comparison
WM's dividend yield for the trailing twelve months is around 1.64%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLV iShares Silver Trust | 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. | 1.64% | 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 SLV have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (16.89%) compared to WM (5.91%). In terms of maximum drawdown, WM dropped -77.85% vs SLV's -76.28%.
SLV currently has the higher Sharpe Ratio (1.50 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.
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