WM correlations (Waste Management)
Every correlation that matters for WM: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.
Data as of 2026-08-27 · refreshed every trading day · Industrials · Environmental & Facilities Services
Volatility (ann.)
18.3%
3y weekly
Beta vs S&P 500
0.07
3y weekly
1-year return
-2.0%
price, adjusted
5-year return
+51.8%
price, adjusted
Market cap
$87.0B
latest
P/E ratio
30.8
trailing
Dividend yield
1.60%
trailing
Max drawdown
-18.1%
3y, daily closes
WM over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with WM
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| RSG | Republic Services | 0.83 | |
| WCN | Waste Connections, Inc. | 0.67 | |
| CWST | Casella Waste Systems, Inc. | 0.54 | |
| CTAS | Cintas | 0.50 | |
| LIN | Linde plc | 0.44 | |
| PGR | Progressive Corporation | 0.42 | |
| GFL | GFL Environmental Inc. Subordinate voting shares, no par | 0.42 | |
| ALL | Allstate | 0.40 | |
| WTRG | Essential Utilities, Inc. | 0.40 | |
| FTS | Fortis Inc. | 0.39 | |
| ATO | Atmos Energy | 0.39 | |
| USMV | iShares MSCI USA Min Vol Factor ETF | 0.38 | |
| CNA | CNA Financial Corporation | 0.38 | |
| WEC | WEC Energy Group | 0.38 | |
| MAA | Mid-America Apartment Communities | 0.37 |
Best diversifiers for WM
If the goal is offsetting WM, these tracked assets have historically moved the most on their own terms.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| MIRA | MIRA Pharmaceuticals, Inc. | -0.37 | |
| MTEX | Mannatech, Incorporated | -0.31 | |
| CGTX | Cognition Therapeutics, Inc. | -0.26 | |
| FLNC | Fluence Energy, Inc. | -0.25 | |
| ELA | Envela Corporation | -0.25 | |
| DCOY | Decoy Therapeutics Inc. | -0.24 | |
| BE | Bloom Energy Corporation | -0.24 | |
| ESLA | Estrella Immunopharma, Inc. | -0.24 | |
| QNBC | QNB Corp. | -0.23 | |
| BLDP | Ballard Power Systems, Inc. | -0.23 |
WM vs benchmarks
WM vs its peers
Get WM data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/wm.jsonCorrelations, diversifiers, beta and volatility for WM, plus one endpoint per pair. API documentation.
WM inside major ETFs
| ETF | WM weight | |
|---|---|---|
| XLI | Industrial Select Sector SPDR Fund | 1.44% |
| USMV | iShares MSCI USA Min Vol Factor ETF | 1.31% |
| VIG | Vanguard Dividend Appreciation ETF | 0.36% |
| VTV | Vanguard Value ETF | 0.34% |
| VYM | Vanguard High Dividend Yield ETF | 0.34% |
| DGRO | iShares Core Dividend Growth ETF | 0.3% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 0.27% |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.18% |
| VOO | Vanguard S&P 500 ETF | 0.13% |
| VTI | Vanguard Total Stock Market ETF | 0.13% |
