ALL vs WM: Correlation
Allstate (ALL) and Waste Management (WM) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and WM?
On 3 years of weekly data the ALL/WM correlation comes out at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. The 5-year figure is 0.33, and annualized covariance runs at 162.8 %².
Among the 32 assets we track against ALL, WM ranks #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALL ahead by 30.9 points (+28.9% versus -2.0%). On a rolling one-year basis the correlation drifted between 0.05 and 0.50, a moderate band.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ALL vs WM: side by side
| ALL (Allstate) | WM (Waste Management) | |
|---|---|---|
| 1-year return | +28.9% | -2.0% |
| 5-year return | +114.7% | +51.8% |
| Volatility (ann.) | 22.1% | 18.3% |
| Beta vs S&P 500 | 0.31 | 0.07 |
| Max drawdown (3Y) | -14.1% | -18.1% |
| Market cap | $65.1B | $87.0B |
| P/E (trailing) | 5.2 | 30.8 |
| Dividend yield | 1.59% | 1.60% |
| Sector / category | Financials | Industrials |
Year-by-year returns
| Year | ALL | WM |
|---|---|---|
| 2022 | +18.4% | -4.5% |
| 2023 | +6.4% | +16.2% |
| 2024 | +40.6% | +14.3% |
| 2025 | +10.1% | +10.5% |
| 2026 | +25.0% | -0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and WM good diversifiers for each other?
Reasonably. At 0.40, ALL and WM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALL and WM?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.44 over the last year and 0.33 over 5 years.
Is WM a good diversifier for ALL?
Reasonably. At 0.40, ALL and WM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/all-vs-wm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/all-vs-wm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALL correlations · WM correlations
