TROO vs WCN: Correlation
TROOPS, Inc. (TROO) and Waste Connections, Inc. (WCN) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TROO and WCN?
On 3 years of weekly data the TROO/WCN correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. The 5-year figure is -0.13, and annualized covariance runs at -408.2 %².
WCN is close to the least connected end of TROO's tracked universe, ranking #11 of 13. Correlation aside, the last 12 months split them widely, with TROO ahead by 103.7 points (+94.7% versus -9.0%). One caveat on sizing: TROO is 5.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
TROO vs WCN: side by side
| TROO (TROOPS, Inc.) | WCN (Waste Connections, Inc.) | |
|---|---|---|
| 1-year return | +94.7% | -9.0% |
| 5-year return | -73.3% | +33.1% |
| Volatility (ann.) | 104.4% | 18.2% |
| Beta vs S&P 500 | 0.54 | 0.23 |
| Max drawdown (3Y) | -89.5% | -24.9% |
| Market cap | $0.3B | $41.7B |
| P/E (trailing) | – | 40.3 |
| Dividend yield | 0.00% | 0.82% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TROO | WCN |
|---|---|---|
| 2022 | -55.6% | -2.0% |
| 2023 | +37.2% | +13.5% |
| 2024 | -45.2% | +15.7% |
| 2025 | +95.1% | +2.7% |
| 2026 | -31.2% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TROO and WCN good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TROO and WCN?
The TROO/WCN correlation stands at -0.21 on a 3-year window (1 year: -0.27, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is WCN a good diversifier for TROO?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 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: TROO correlations · WCN correlations
