LIN vs RSG: Correlation
Linde plc (LIN) and Republic Services (RSG) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIN and RSG?
On 3 years of weekly data the LIN/RSG correlation comes out at 0.46, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.46 over 3. The 5-year figure is 0.40, and annualized covariance runs at 124.1 %².
Within LIN's tracked universe of 36 assets, RSG comes in at #13 by 3-year correlation. The trailing year gives LIN the advantage: +1.9% versus -5.6%, a 7.5-point spread. On a rolling one-year basis the correlation drifted between 0.22 and 0.64, 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.
LIN vs RSG: side by side
| LIN (Linde plc) | RSG (Republic Services) | |
|---|---|---|
| 1-year return | +1.9% | -5.6% |
| 5-year return | +64.6% | +87.9% |
| Volatility (ann.) | 16.5% | 16.2% |
| Beta vs S&P 500 | 0.37 | 0.17 |
| Max drawdown (3Y) | -19.2% | -22.5% |
| Market cap | $223.7B | $67.1B |
| P/E (trailing) | 31.6 | 31.0 |
| Dividend yield | 1.26% | 1.13% |
| Sector / category | Materials | Industrials |
Year-by-year returns
| Year | LIN | RSG |
|---|---|---|
| 2022 | -4.4% | -6.2% |
| 2023 | +27.7% | +29.6% |
| 2024 | +3.2% | +23.0% |
| 2025 | +3.2% | +6.4% |
| 2026 | +14.6% | +4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIN and RSG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LIN and RSG?
As of 2026-08-27, the correlation of weekly returns between LIN and RSG is 0.46 over 3 years, 0.41 over 1 year and 0.40 over 5 years.
Is RSG a good diversifier for LIN?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: LIN correlations · RSG correlations
