ADP vs RSG: Correlation
Measured on weekly returns over the past three years, Automatic Data Processing (ADP) and Republic Services (RSG) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADP and RSG?
Over the past 3 years, ADP and RSG moved with a correlation of 0.37, which is moderate. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 129.2 %².
Among the 43 assets we track against ADP, RSG ranks #29 by 3-year correlation. Their 12-month results are close: -3.5% for ADP against -5.6% for RSG. On a rolling one-year basis the correlation drifted between 0.23 and 0.71, 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.
ADP vs RSG: side by side
| ADP (Automatic Data Processing) | RSG (Republic Services) | |
|---|---|---|
| 1-year return | -3.5% | -5.6% |
| 5-year return | +52.0% | +87.9% |
| Volatility (ann.) | 21.7% | 16.2% |
| Beta vs S&P 500 | 0.53 | 0.17 |
| Max drawdown (3Y) | -40.8% | -22.5% |
| Market cap | $113.1B | $67.1B |
| P/E (trailing) | 26.0 | 31.0 |
| Dividend yield | 2.36% | 1.13% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | ADP | RSG |
|---|---|---|
| 2022 | -1.3% | -6.2% |
| 2023 | -0.2% | +29.6% |
| 2024 | +28.4% | +23.0% |
| 2025 | -10.2% | +6.4% |
| 2026 | +12.4% | +4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADP and RSG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADP and RSG?
The ADP/RSG correlation stands at 0.37 on a 3-year window (1 year: 0.27, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is RSG a good diversifier for ADP?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ADP correlations · RSG correlations
