PGR vs RSG: Correlation
How closely do Progressive Corporation (PGR) and Republic Services (RSG) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PGR and RSG?
Over the past 3 years, PGR and RSG moved with a correlation of 0.49, which is moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 188.6 %².
By 3-year correlation, RSG places #14 of the 36 assets tracked against PGR. Neither side won the trailing year by much: -5.3% against -5.6%. On a rolling one-year basis the correlation drifted between 0.21 and 0.70, 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.
PGR vs RSG: side by side
| PGR (Progressive Corporation) | RSG (Republic Services) | |
|---|---|---|
| 1-year return | -5.3% | -5.6% |
| 5-year return | +153.0% | +87.9% |
| Volatility (ann.) | 23.6% | 16.2% |
| Beta vs S&P 500 | 0.32 | 0.17 |
| Max drawdown (3Y) | -30.4% | -22.5% |
| Market cap | $126.5B | $67.1B |
| P/E (trailing) | 10.9 | 31.0 |
| Dividend yield | 0.18% | 1.13% |
| Sector / category | Financials | Industrials |
Year-by-year returns
| Year | PGR | RSG |
|---|---|---|
| 2022 | +26.8% | -6.2% |
| 2023 | +23.2% | +29.6% |
| 2024 | +51.4% | +23.0% |
| 2025 | -3.0% | +6.4% |
| 2026 | +1.7% | +4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PGR and RSG good diversifiers for each other?
Reasonably. At 0.49, PGR and RSG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PGR and RSG?
The PGR/RSG correlation stands at 0.49 on a 3-year window (1 year: 0.42, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is RSG a good diversifier for PGR?
Reasonably. At 0.49, PGR and RSG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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: PGR correlations · RSG correlations
