BRO vs RSG: Correlation
Brown & Brown (BRO) and Republic Services (RSG) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRO and RSG?
Over the past 3 years, BRO and RSG moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 188.3 %².
Among the 35 assets we track against BRO, RSG ranks #16 by 3-year correlation. The last year tells two different stories: RSG led by 19.4 percentage points, -25.0% for BRO against -5.6% for RSG. The relationship is regime-dependent: the rolling one-year correlation swung between 0.07 and 0.74 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since BRO carries 1.5 times the volatility of the other side.
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.
BRO vs RSG: side by side
| BRO (Brown & Brown) | RSG (Republic Services) | |
|---|---|---|
| 1-year return | -25.0% | -5.6% |
| 5-year return | +27.5% | +87.9% |
| Volatility (ann.) | 24.4% | 16.2% |
| Beta vs S&P 500 | 0.39 | 0.17 |
| Max drawdown (3Y) | -55.8% | -22.5% |
| Market cap | $23.9B | $67.1B |
| P/E (trailing) | 23.3 | 31.0 |
| Dividend yield | 0.89% | 1.13% |
| Sector / category | Financials | Industrials |
Year-by-year returns
| Year | BRO | RSG |
|---|---|---|
| 2022 | -18.4% | -6.2% |
| 2023 | +25.7% | +29.6% |
| 2024 | +44.3% | +23.0% |
| 2025 | -21.4% | +6.4% |
| 2026 | -9.7% | +4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRO and RSG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BRO and RSG?
The BRO/RSG correlation stands at 0.48 on a 3-year window (1 year: 0.50, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is RSG a good diversifier for BRO?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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
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Related comparisons
Hubs: BRO correlations · RSG correlations
