ROL vs WM: Correlation
How closely do Rollins, Inc. (ROL) and Waste Management (WM) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROL and WM?
Over the past 3 years, ROL and WM moved with a correlation of 0.33, which is moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.33). Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 139.2 %².
By 3-year correlation, WM places #17 of the 33 assets tracked against ROL. Their recent paths diverged sharply: over the last 12 months WM outperformed by 33.7 percentage points (-35.7% for ROL against -2.0% for WM). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.09 to 0.75.
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.
ROL vs WM: side by side
| ROL (Rollins, Inc.) | WM (Waste Management) | |
|---|---|---|
| 1-year return | -35.7% | -2.0% |
| 5-year return | -1.8% | +51.8% |
| Volatility (ann.) | 23.2% | 18.3% |
| Beta vs S&P 500 | 0.51 | 0.07 |
| Max drawdown (3Y) | -44.6% | -18.1% |
| Market cap | $17.3B | $87.0B |
| P/E (trailing) | 32.7 | 30.8 |
| Dividend yield | 1.94% | 1.60% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | ROL | WM |
|---|---|---|
| 2022 | +8.1% | -4.5% |
| 2023 | +21.2% | +16.2% |
| 2024 | +7.6% | +14.3% |
| 2025 | +31.1% | +10.5% |
| 2026 | -39.4% | -0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ROL and WM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ROL and WM?
As of 2026-08-27, the correlation of weekly returns between ROL and WM is 0.33 over 3 years, 0.13 over 1 year and 0.42 over 5 years.
Is WM a good diversifier for ROL?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rol-vs-wm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rol-vs-wm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ROL correlations · WM correlations
