FGNX vs RSG: Correlation
How closely do FG Nexus Inc. (FGNX) and Republic Services (RSG) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FGNX and RSG?
On 3 years of weekly data the FGNX/RSG correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.25 over 3. The 5-year figure is -0.13, and annualized covariance runs at -419.4 %².
Out of 18 assets tracked against FGNX, RSG lands near the bottom at #18. Correlation aside, the last 12 months split them widely, with RSG ahead by 81.9 points (-87.5% versus -5.6%). Risk is not evenly split, since FGNX carries 6.5 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.
FGNX vs RSG: side by side
| FGNX (FG Nexus Inc.) | RSG (Republic Services) | |
|---|---|---|
| 1-year return | -87.5% | -5.6% |
| 5-year return | -98.8% | +87.9% |
| Volatility (ann.) | 105.1% | 16.2% |
| Beta vs S&P 500 | -0.07 | 0.17 |
| Max drawdown (3Y) | -97.9% | -22.5% |
| Market cap | – | $67.1B |
| P/E (trailing) | – | 31.0 |
| Dividend yield | 0.00% | 1.13% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | FGNX | RSG |
|---|---|---|
| 2022 | -24.2% | -6.2% |
| 2023 | -43.9% | +29.6% |
| 2024 | -45.5% | +23.0% |
| 2025 | -87.4% | +6.4% |
| 2026 | -42.8% | +4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FGNX and RSG good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FGNX and RSG?
As of 2026-08-27, the correlation of weekly returns between FGNX and RSG is -0.25 over 3 years, -0.24 over 1 year and -0.13 over 5 years.
Is RSG a good diversifier for FGNX?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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: FGNX correlations · RSG correlations
