RSG vs TMUS: Correlation
Republic Services (RSG) and T-Mobile US (TMUS) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSG and TMUS?
Over the past 3 years, RSG and TMUS moved with a correlation of 0.37, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.15 versus 0.37 over 3 years. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 146.2 %².
Among the 38 assets we track against RSG, TMUS ranks #19 by 3-year correlation. The last year tells two different stories: RSG led by 22.4 percentage points, -5.6% for RSG against -28.0% for TMUS. The relationship is regime-dependent: the rolling one-year correlation swung between 0.07 and 0.63 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: TMUS runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
RSG vs TMUS: side by side
| RSG (Republic Services) | TMUS (T-Mobile US) | |
|---|---|---|
| 1-year return | -5.6% | -28.0% |
| 5-year return | +87.9% | +34.8% |
| Volatility (ann.) | 16.2% | 24.6% |
| Beta vs S&P 500 | 0.17 | 0.36 |
| Max drawdown (3Y) | -22.5% | -37.1% |
| Market cap | $67.1B | $190.7B |
| P/E (trailing) | 31.0 | 18.8 |
| Dividend yield | 1.13% | 2.27% |
| Sector / category | Industrials | Communication Services |
Year-by-year returns
| Year | RSG | TMUS |
|---|---|---|
| 2022 | -6.2% | +20.7% |
| 2023 | +29.6% | +15.0% |
| 2024 | +23.0% | +39.7% |
| 2025 | +6.4% | -6.6% |
| 2026 | +4.4% | -11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RSG and TMUS good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RSG and TMUS?
As of 2026-08-27, the correlation of weekly returns between RSG and TMUS is 0.37 over 3 years, 0.15 over 1 year and 0.34 over 5 years.
Is TMUS a good diversifier for RSG?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 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/rsg-vs-tmus.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rsg-vs-tmus/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RSG correlations · TMUS correlations
