FTCI vs RSG: Correlation
Measured on weekly returns over the past three years, FTC Solar, Inc. (FTCI) and Republic Services (RSG) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTCI and RSG?
Across a 3-year window, the weekly returns of FTCI and RSG correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Stretching to 5 years gives -0.05, with an annualized covariance of -426.8 %².
Among the 12 assets we track against FTCI, RSG sits near the bottom by co-movement, at rank #10. The last year tells two different stories: RSG led by 56.8 percentage points, -62.4% for FTCI against -5.6% for RSG. One caveat on sizing: FTCI is 7.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FTCI vs RSG: side by side
| FTCI (FTC Solar, Inc.) | RSG (Republic Services) | |
|---|---|---|
| 1-year return | -62.4% | -5.6% |
| 5-year return | -97.8% | +87.9% |
| Volatility (ann.) | 122.6% | 16.2% |
| Beta vs S&P 500 | 2.61 | 0.17 |
| Max drawdown (3Y) | -90.4% | -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 | FTCI | RSG |
|---|---|---|
| 2022 | -64.6% | -6.2% |
| 2023 | -74.1% | +29.6% |
| 2024 | -20.5% | +23.0% |
| 2025 | +98.0% | +6.4% |
| 2026 | -77.7% | +4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTCI and RSG good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FTCI and RSG?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.27 over the last year and -0.05 over 5 years.
Is RSG a good diversifier for FTCI?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 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
$ curl https://www.pairbook.io/api/v1/pairs/ftci-vs-rsg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ftci-vs-rsg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FTCI correlations · RSG correlations
