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WM vs. XMMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WM vs. XMMO

Last updated Jun 13, 2026

WM (Waste Management, Inc.) is a stock, while XMMO (Invesco S&P MidCap Momentum ETF) is Momentum fund tracking the S&P MidCap 400 Momentum Index. Over the past 10 years, WM returned 15.36%/yr vs 19.95%/yr for XMMO. At a 0.46 correlation, their price movements are largely independent.

Performance

WM vs. XMMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Waste Management, Inc. (WM) and Invesco S&P MidCap Momentum ETF (XMMO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WM achieves a 0.71% return, which is significantly lower than XMMO's 22.77% return. Over the past 10 years, WM has underperformed XMMO with an annualized return of 15.36%, while XMMO has yielded a comparatively higher 19.95% 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%

XMMO

1D
0.96%
1M
0.41%
YTD
22.77%
6M
22.33%
1Y
37.93%
3Y*
30.62%
5Y*
15.91%
10Y*
19.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WM vs. XMMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WM
Waste Management, Inc.		0.71%10.50%14.28%16.20%-4.49%43.82%5.46%30.45%5.32%24.46%
XMMO
Invesco S&P MidCap Momentum ETF		22.77%13.04%38.03%20.39%-16.02%16.69%29.17%36.78%6.12%37.18%

Correlation

The correlation between WM and XMMO is -0.11, 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

-0.11

Correlation (3Y)
Calculated over the trailing 3-year period

0.13

Correlation (5Y)
Calculated over the trailing 5-year period

0.25

Correlation (10Y)
Calculated over the trailing 10-year period

0.33

Correlation (All Time)
Calculated using the full available price history since Mar 3, 2005

0.46

The correlation between WM and XMMO shifts across timeframes, from -0.11 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.

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Waste Management, Inc.

Invesco S&P MidCap Momentum ETF

Often compared with WM:
WM vs. RSGWM vs. WCNWM vs. KOWM vs. SCHDWM vs. GFLWM vs. CLHWM vs. UNP
Often compared with XMMO:
XMMO vs. SPMOXMMO vs. XMHQXMMO vs. VOOXMMO vs. MTUMXMMO vs. QMOMXMMO vs. SPGPXMMO vs. RFV

Return for Risk

WM vs. XMMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WM
WM Risk / Return Rank: 2828
Overall Rank
WM Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
WM Sortino Ratio Rank: 2525
Sortino Ratio Rank
WM Omega Ratio Rank: 2525
Omega Ratio Rank
WM Calmar Ratio Rank: 3131
Calmar Ratio Rank
WM Martin Ratio Rank: 2828
Martin Ratio Rank
XMMO
XMMO Risk / Return Rank: 7474
Overall Rank
XMMO Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
XMMO Sortino Ratio Rank: 6565
Sortino Ratio Rank
XMMO Omega Ratio Rank: 6363
Omega Ratio Rank
XMMO Calmar Ratio Rank: 8888
Calmar Ratio Rank
XMMO Martin Ratio Rank: 8989
Martin Ratio Rank
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. XMMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Waste Management, Inc. (WM) and Invesco S&P MidCap Momentum ETF (XMMO). 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.

WMXMMODifference
Sharpe ratioReturn per unit of total volatility
-0.32
1.86

-2.18

Sortino ratioReturn per unit of downside risk
-0.32
2.58

-2.90

Omega ratioGain probability vs. loss probability

0.96

1.33

-0.37

Calmar ratioReturn relative to maximum drawdown

-0.36

4.41

-4.77

Martin ratioReturn relative to average drawdown

-0.79

17.54

-18.34

WM vs. XMMO - Sharpe Ratio Comparison

The current WM Sharpe Ratio is -0.32, which is lower than the XMMO Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of WM and XMMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

WM vs. XMMO - Drawdown Comparison

The maximum WM drawdown since its inception was -77.85%, which is greater than XMMO's maximum drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for WM and XMMO.

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Drawdown Indicators

WMXMMODifference

Max Drawdown

Largest peak-to-trough decline

-77.85%

-55.37%

-22.48%

Max Drawdown (1Y)

Largest decline over 1 year

-16.70%

-8.34%

-8.36%

Max Drawdown (3Y)

Largest decline over 3 years

-18.14%

-24.93%

+6.79%

Max Drawdown (5Y)

Largest decline over 5 years

-18.14%

-27.91%

+9.77%

Max Drawdown (10Y)

Largest decline over 10 years

-30.07%

-36.74%

+6.67%

Current Drawdown

Current decline from peak

-10.24%

-1.19%

-9.05%

Average Drawdown

Average peak-to-trough decline

-17.69%

-9.44%

-8.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.58%

2.09%

+5.49%

Volatility

WM vs. XMMO - Volatility Comparison

The current volatility for Waste Management, Inc. (WM) is 6.13%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 9.07%. This indicates that WM experiences smaller price fluctuations and is considered to be less risky than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WMXMMODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.13%

9.07%

-2.94%

Volatility (6M)

Calculated over the trailing 6-month period

14.08%

16.76%

-2.68%

Volatility (1Y)

Calculated over the trailing 1-year period

19.03%

19.74%

-0.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.62%

21.62%

-3.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.54%

22.35%

-2.81%

Dividends

WM vs. XMMO - Dividend Comparison

WM's dividend yield for the trailing twelve months is around 1.61%, more than XMMO's 0.61% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XMMO
Invesco S&P MidCap Momentum ETF		0.61%0.78%0.34%0.80%1.43%0.41%0.61%0.60%0.19%0.21%0.22%0.64%

Frequently Asked Questions

WM and XMMO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XMMO has higher volatility (9.07%) compared to WM (6.13%). In terms of maximum drawdown, WM dropped -77.85% vs XMMO's -55.37%.

XMMO currently has the higher Sharpe Ratio (1.86 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.

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