WM vs. STN
WM (Waste Management, Inc.) and STN (Stantec Inc) are both stocks. Both are in the Industrials sector — WM in Waste Management, STN in Engineering & Construction. Over the past 10 years, WM returned 14.98%/yr vs 12.18%/yr for STN. At a 0.27 correlation, their price movements are largely independent.
Performance
WM vs. STN - Performance Comparison
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Returns By Period
In the year-to-date period, WM achieves a 2.84% return, which is significantly higher than STN's -27.91% return. Over the past 10 years, WM has outperformed STN with an annualized return of 14.98%, while STN has yielded a comparatively lower 12.18% annualized return.
WM
- 1D
- 0.54%
- 1M
- 5.90%
- YTD
- 2.84%
- 6M
- 2.84%
- 1Y
- -0.49%
- 3Y*
- 10.60%
- 5Y*
- 11.28%
- 10Y*
- 14.98%
STN
- 1D
- -1.87%
- 1M
- -11.24%
- YTD
- -27.91%
- 6M
- -27.91%
- 1Y
- -37.09%
- 3Y*
- 2.06%
- 5Y*
- 9.28%
- 10Y*
- 12.18%
WM vs. STN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WM Waste Management, Inc. | 2.84% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 5.46% | 30.45% | 5.32% | 24.46% |
STN Stantec Inc | -27.91% | 21.08% | -1.44% | 68.90% | -13.76% | 75.67% | 16.56% | 31.83% | -20.43% | 12.80% |
Correlation
The correlation between WM and STN is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2005 | 0.27 |
Over the past year, the correlation between WM and STN has dropped to 0.05 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
Fundamentals
WM:
$90.62B
STN:
$7.71B
WM:
$6.91
STN:
CA$3.98
WM:
32.43
STN:
24.13
WM:
2.65
STN:
1.00
WM:
3.57
STN:
1.41
WM:
9.04
STN:
3.24
WM:
$25.41B
STN:
CA$7.77B
WM:
$5.61B
STN:
CA$3.11B
WM:
$6.96B
STN:
CA$1.05B
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Return for Risk
WM vs. STN — Risk / Return Rank
WM
STN
WM vs. STN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Management, Inc. (WM) and Stantec Inc (STN). 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 | STN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.77 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.93 | +0.90 |
| Martin ratioReturn relative to average drawdown | -0.06 | -2.02 | +1.96 |
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Drawdowns
WM vs. STN - Drawdown Comparison
The maximum WM drawdown since its inception was -77.85%, which is greater than STN's maximum drawdown of -67.42%. Use the drawdown chart below to compare losses from any high point for WM and STN.
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Drawdown Indicators
| WM | STN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.85% | -67.42% | -10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -40.15% | +23.45% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -40.15% | +22.01% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -40.15% | +22.01% |
Max Drawdown (10Y)Largest decline over 10 years | -30.07% | -40.15% | +10.08% |
Current DrawdownCurrent decline from peak | -8.34% | -40.07% | +31.73% |
Average DrawdownAverage peak-to-trough decline | -17.67% | -17.17% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.78% | 18.35% | -10.57% |
Volatility
WM vs. STN - Volatility Comparison
The current volatility for Waste Management, Inc. (WM) is 6.67%, while Stantec Inc (STN) has a volatility of 7.97%. This indicates that WM experiences smaller price fluctuations and is considered to be less risky than STN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WM | STN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 7.97% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 14.32% | 24.48% | -10.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.20% | 28.34% | -9.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.68% | 25.38% | -6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.56% | 25.56% | -6.00% |
Dividends
WM vs. STN - Dividend Comparison
WM's dividend yield for the trailing twelve months is around 1.58%, more than STN's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STN Stantec Inc | 1.17% | 0.69% | 0.78% | 0.79% | 1.14% | 1.17% | 1.42% | 1.55% | 1.91% | 1.79% | 1.78% | 1.69% |
WM Waste Management, Inc. | 1.58% | 1.50% | 1.49% | 1.56% | 1.66% | 1.38% | 1.85% | 1.80% | 2.09% | 1.97% | 2.31% | 2.89% |
Financials
WM vs. STN - Financials Comparison
This section allows you to compare key financial metrics between Waste Management, Inc. and Stantec Inc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
WM vs. STN - Profitability Comparison
WM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Waste Management, Inc. reported a gross profit of 0.00 and revenue of 6.23B. Therefore, the gross margin over that period was 0.0%.
STN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Stantec Inc reported a gross profit of 821.42M and revenue of 2.07B. Therefore, the gross margin over that period was 39.6%.
WM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Waste Management, Inc. reported an operating income of 1.11B and revenue of 6.23B, resulting in an operating margin of 17.9%.
STN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Stantec Inc reported an operating income of 175.05M and revenue of 2.07B, resulting in an operating margin of 8.4%.
WM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Waste Management, Inc. reported a net income of 723.00M and revenue of 6.23B, resulting in a net margin of 11.6%.
STN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Stantec Inc reported a net income of 111.09M and revenue of 2.07B, resulting in a net margin of 5.4%.
Frequently Asked Questions
WM and STN have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STN has higher volatility (7.97%) compared to WM (6.67%). In terms of maximum drawdown, WM dropped -77.85% vs STN's -67.42%.
WM currently has the higher Sharpe Ratio (-0.03 vs -1.31), 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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