MRSH vs RSG: Correlation
How closely do Marsh McLennan (MRSH) and Republic Services (RSG) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRSH and RSG?
On 3 years of weekly data the MRSH/RSG correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 129.9 %².
Within MRSH's tracked universe of 38 assets, RSG comes in at #20 by 3-year correlation. Twelve-month performance is nearly a tie, at -6.0% for MRSH and -5.6% for RSG. The rolling one-year correlation moved between 0.29 and 0.65 over the past three years, a moderate range.
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.
MRSH vs RSG: side by side
| MRSH (Marsh McLennan) | RSG (Republic Services) | |
|---|---|---|
| 1-year return | -6.0% | -5.6% |
| 5-year return | +31.3% | +87.9% |
| Volatility (ann.) | 18.1% | 16.2% |
| Beta vs S&P 500 | 0.33 | 0.17 |
| Max drawdown (3Y) | -34.4% | -22.5% |
| Market cap | $90.7B | $67.1B |
| P/E (trailing) | 23.6 | 31.0 |
| Dividend yield | 1.91% | 1.13% |
| Sector / category | Financials | Industrials |
Year-by-year returns
| Year | MRSH | RSG |
|---|---|---|
| 2022 | -3.5% | -6.2% |
| 2023 | +16.1% | +29.6% |
| 2024 | +13.7% | +23.0% |
| 2025 | -11.3% | +6.4% |
| 2026 | +4.0% | +4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRSH and RSG good diversifiers for each other?
Reasonably. At 0.44, MRSH and RSG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MRSH and RSG?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.35 over the last year and 0.53 over 5 years.
Is RSG a good diversifier for MRSH?
Reasonably. At 0.44, MRSH and RSG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MRSH correlations · RSG correlations
