RSG vs WCN: Correlation
Republic Services (RSG) and Waste Connections, Inc. (WCN) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSG and WCN?
Across a 3-year window, the weekly returns of RSG and WCN correlate at 0.71, strong. Little has changed lately, as the 1-year reading of 0.75 lands near the 3-year figure. Stretching to 5 years gives 0.74, with an annualized covariance of 209.7 %².
Few assets follow RSG as closely as WCN, which ranks #2 of 38 tracked partners. Twelve-month performance is nearly a tie, at -5.6% for RSG and -9.0% for WCN.
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 WCN: side by side
| RSG (Republic Services) | WCN (Waste Connections, Inc.) | |
|---|---|---|
| 1-year return | -5.6% | -9.0% |
| 5-year return | +87.9% | +33.1% |
| Volatility (ann.) | 16.2% | 18.2% |
| Beta vs S&P 500 | 0.17 | 0.23 |
| Max drawdown (3Y) | -22.5% | -24.9% |
| Market cap | $67.1B | $41.7B |
| P/E (trailing) | 31.0 | 40.3 |
| Dividend yield | 1.13% | 0.82% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | RSG | WCN |
|---|---|---|
| 2022 | -6.2% | -2.0% |
| 2023 | +29.6% | +13.5% |
| 2024 | +23.0% | +15.7% |
| 2025 | +6.4% | +2.7% |
| 2026 | +4.4% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RSG and WCN good diversifiers for each other?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between RSG and WCN?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.75 over the last year and 0.74 over 5 years.
Is WCN a good diversifier for RSG?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.71 mean?
A reading of 0.71 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-wcn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rsg-vs-wcn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RSG correlations · WCN correlations
