WM vs. VOT

Last updated Jun 13, 2026

WM (Waste Management, Inc.) is a stock, while VOT (Vanguard Mid-Cap Growth ETF) is Mid Cap Growth Equities fund tracking the CRSP US Mid Cap Growth Index. Over the past 10 years, WM returned 15.36%/yr vs 12.19%/yr for VOT. At a 0.48 correlation, their price movements are largely independent.

Performance

WM vs. VOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Waste Management, Inc. (WM) and Vanguard Mid-Cap Growth ETF (VOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WM achieves a 0.71% return, which is significantly lower than VOT's 6.67% return. Over the past 10 years, WM has outperformed VOT with an annualized return of 15.36%, while VOT has yielded a comparatively lower 12.19% 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%

VOT

• 1D: 0.76%
• 1M: 4.08%
• YTD: 6.67%
• 6M: 5.40%
• 1Y: 10.69%
• 3Y*: 14.66%
• 5Y*: 6.13%
• 10Y*: 12.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WM vs. VOT - 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%
VOT Vanguard Mid-Cap Growth ETF	6.67%	10.72%	16.38%	23.10%	-28.87%	20.50%	34.50%	33.76%	-5.56%	21.80%

Correlation

The correlation between WM and VOT is -0.04, 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	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Aug 25, 2006	0.48

The correlation between WM and VOT shifts across timeframes, from -0.04 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WM vs. VOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WM

WM Risk / Return Rank: 28
WM Sharpe Ratio Rank: 29
WM Sortino Ratio Rank: 25
WM Omega Ratio Rank: 25
WM Calmar Ratio Rank: 31
WM Martin Ratio Rank: 28

VOT

VOT Risk / Return Rank: 19
VOT Sharpe Ratio Rank: 20
VOT Sortino Ratio Rank: 19
VOT Omega Ratio Rank: 18
VOT Calmar Ratio Rank: 18
VOT Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WM vs. VOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Waste Management, Inc. (WM) and Vanguard Mid-Cap Growth ETF (VOT). 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	VOT	Difference
Sharpe ratio: Return per unit of total volatility	-0.32	0.57	-0.89
Sortino ratio: Return per unit of downside risk	-0.32	0.89	-1.21
Omega ratio: Gain probability vs. loss probability	0.96	1.11	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.36	0.59	-0.95
Martin ratio: Return relative to average drawdown	-0.79	1.77	-2.56

WM vs. VOT - Sharpe Ratio Comparison

The current WM Sharpe Ratio is -0.32, which is lower than the VOT Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of WM and VOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WM vs. VOT - Drawdown Comparison

The maximum WM drawdown since its inception was -77.85%, which is greater than VOT's maximum drawdown of -60.16%. Use the drawdown chart below to compare losses from any high point for WM and VOT.

Drawdown Indicators

	WM	VOT	Difference
Max Drawdown Largest peak-to-trough decline	-77.85%	-60.16%	-17.69%
Max Drawdown (1Y) Largest decline over 1 year	-16.70%	-15.96%	-0.74%
Max Drawdown (3Y) Largest decline over 3 years	-18.14%	-21.77%	+3.63%
Max Drawdown (5Y) Largest decline over 5 years	-18.14%	-37.19%	+19.05%
Max Drawdown (10Y) Largest decline over 10 years	-30.07%	-37.19%	+7.12%
Current Drawdown Current decline from peak	-10.24%	-2.41%	-7.83%
Average Drawdown Average peak-to-trough decline	-17.69%	-9.95%	-7.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.58%	5.35%	+2.23%

Volatility

WM vs. VOT - Volatility Comparison

Waste Management, Inc. (WM) and Vanguard Mid-Cap Growth ETF (VOT) have volatilities of 6.13% and 6.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WM	VOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	6.42%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	14.08%	13.32%	+0.76%
Volatility (1Y) Calculated over the trailing 1-year period	19.03%	16.56%	+2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.62%	21.46%	-2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.54%	21.03%	-1.49%

Dividends

WM vs. VOT - Dividend Comparison

WM's dividend yield for the trailing twelve months is around 1.61%, more than VOT's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VOT Vanguard Mid-Cap Growth ETF	0.62%	0.64%	0.67%	0.71%	0.78%	0.34%	0.56%	0.78%	0.84%	0.72%	0.81%	0.81%
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

Can I hold both WM and VOT in my portfolio?

WM and VOT have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WM or VOT?

VOT has higher volatility (6.42%) compared to WM (6.13%). In terms of maximum drawdown, WM dropped -77.85% vs VOT's -60.16%.

Which has better risk-adjusted returns?

VOT currently has the higher Sharpe Ratio (0.57 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.