WM vs. XLI
Compare and contrast key facts about Waste Management, Inc. (WM) and Industrial Select Sector SPDR Fund (XLI).
XLI is a passively managed fund by State Street that tracks the performance of the Industrial Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WM or XLI.
Key characteristics
| WM | XLI | |
|---|---|---|
| YTD Return | 16.48% | 8.04% |
| 1Y Return | 25.94% | 27.34% |
| 3Y Return (Ann) | 15.73% | 7.60% |
| 5Y Return (Ann) | 16.32% | 11.29% |
| 10Y Return (Ann) | 19.48% | 10.94% |
| Sharpe Ratio | 1.74 | 2.03 |
| Daily Std Dev | 15.10% | 12.81% |
| Max Drawdown | -77.85% | -62.26% |
| Current Drawdown | -2.85% | -2.53% |
Correlation
The correlation between WM and XLI is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WM vs. XLI - Performance Comparison
In the year-to-date period, WM achieves a 16.48% return, which is significantly higher than XLI's 8.04% return. Over the past 10 years, WM has outperformed XLI with an annualized return of 19.48%, while XLI has yielded a comparatively lower 10.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
WM vs. XLI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Management, Inc. (WM) and Industrial Select Sector SPDR Fund (XLI). 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.
Dividends
WM vs. XLI - Dividend Comparison
WM's dividend yield for the trailing twelve months is around 1.37%, less than XLI's 1.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WM Waste Management, Inc. | 1.37% | 1.56% | 1.66% | 1.38% | 1.85% | 1.80% | 2.09% | 1.97% | 2.31% | 2.89% | 2.92% | 3.25% |
XLI Industrial Select Sector SPDR Fund | 1.50% | 1.63% | 1.63% | 1.25% | 1.55% | 1.94% | 2.15% | 1.77% | 2.07% | 2.15% | 1.85% | 1.68% |
Drawdowns
WM vs. XLI - Drawdown Comparison
The maximum WM drawdown since its inception was -77.85%, which is greater than XLI's maximum drawdown of -62.26%. Use the drawdown chart below to compare losses from any high point for WM and XLI. For additional features, visit the drawdowns tool.
Volatility
WM vs. XLI - Volatility Comparison
Waste Management, Inc. (WM) and Industrial Select Sector SPDR Fund (XLI) have volatilities of 3.63% and 3.54%, 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.