CTAS vs RSG: Correlation
Measured on weekly returns over the past three years, Cintas (CTAS) and Republic Services (RSG) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTAS and RSG?
Across a 3-year window, the weekly returns of CTAS and RSG correlate at 0.52, moderate. The link has loosened recently: the 1-year correlation (0.38) runs below the 3-year figure (0.52). Stretching to 5 years gives 0.57, with an annualized covariance of 193.5 %².
By 3-year correlation, RSG places #8 of the 38 assets tracked against CTAS. Their 12-month results are close: -3.3% for CTAS against -5.6% for RSG. On a rolling one-year basis the correlation drifted between 0.36 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.
CTAS vs RSG: side by side
| CTAS (Cintas) | RSG (Republic Services) | |
|---|---|---|
| 1-year return | -3.3% | -5.6% |
| 5-year return | +117.4% | +87.9% |
| Volatility (ann.) | 23.2% | 16.2% |
| Beta vs S&P 500 | 0.71 | 0.17 |
| Max drawdown (3Y) | -27.7% | -22.5% |
| Market cap | $81.7B | $67.1B |
| P/E (trailing) | 41.8 | 31.0 |
| Dividend yield | 0.87% | 1.13% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | CTAS | RSG |
|---|---|---|
| 2022 | +3.0% | -6.2% |
| 2023 | +34.8% | +29.6% |
| 2024 | +22.2% | +23.0% |
| 2025 | +3.8% | +6.4% |
| 2026 | +9.4% | +4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTAS and RSG good diversifiers for each other?
Only partially. A correlation of 0.52 means CTAS and RSG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CTAS and RSG?
As of 2026-08-27, the correlation of weekly returns between CTAS and RSG is 0.52 over 3 years, 0.38 over 1 year and 0.57 over 5 years.
Is RSG a good diversifier for CTAS?
Only partially. A correlation of 0.52 means CTAS and RSG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ctas-vs-rsg.json
Markdown for the live badge, attribution link included:
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Related comparisons
Hubs: CTAS correlations · RSG correlations
