CECO vs. RSG
CECO (CECO Environmental Corp.) and RSG (Republic Services, Inc.) are both stocks. Both are in the Industrials sector — CECO in Pollution & Treatment Controls, RSG in Waste Management. Over the past 10 years, CECO returned 28.05%/yr vs 17.37%/yr for RSG. At a 0.14 correlation, their price movements are largely independent.
Performance
CECO vs. RSG - Performance Comparison
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Returns By Period
In the year-to-date period, CECO achieves a 61.52% return, which is significantly higher than RSG's -0.76% return. Over the past 10 years, CECO has outperformed RSG with an annualized return of 28.05%, while RSG has yielded a comparatively lower 17.37% annualized return.
CECO
- 1D
- -3.01%
- 1M
- 18.31%
- YTD
- 61.52%
- 6M
- 59.36%
- 1Y
- 234.38%
- 3Y*
- 96.30%
- 5Y*
- 66.08%
- 10Y*
- 28.05%
RSG
- 1D
- 2.32%
- 1M
- 0.08%
- YTD
- -0.76%
- 6M
- -1.29%
- 1Y
- -15.67%
- 3Y*
- 13.90%
- 5Y*
- 15.52%
- 10Y*
- 17.37%
CECO vs. RSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CECO CECO Environmental Corp. | 61.52% | 97.98% | 49.06% | 73.63% | 87.48% | -10.49% | -9.14% | 13.48% | 31.58% | -62.30% |
RSG Republic Services, Inc. | -0.76% | 6.44% | 23.03% | 29.64% | -6.16% | 47.03% | 9.53% | 26.62% | 8.85% | 20.96% |
Correlation
The correlation between CECO and RSG is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1998 | 0.14 |
The correlation between CECO and RSG shifts across timeframes, from -0.00 (1 year) to 0.19 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CECO:
$3.55B
RSG:
$64.63B
CECO:
$0.47
RSG:
$6.98
CECO:
206.75
RSG:
29.96
CECO:
0.59
RSG:
2.11
CECO:
4.36
RSG:
3.89
CECO:
11.38
RSG:
5.40
CECO:
$812.38M
RSG:
$16.70B
CECO:
$278.45M
RSG:
$3.80B
CECO:
$77.75M
RSG:
$4.89B
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Return for Risk
CECO vs. RSG — Risk / Return Rank
CECO
RSG
CECO vs. RSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CECO Environmental Corp. (CECO) and Republic Services, Inc. (RSG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CECO | RSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.61 | ||
| Sortino ratioReturn per unit of downside risk | +4.70 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 0.87 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 6.73 | -0.78 | +7.50 |
| Martin ratioReturn relative to average drawdown | 21.03 | -1.26 | +22.30 |
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Drawdowns
CECO vs. RSG - Drawdown Comparison
The maximum CECO drawdown since its inception was -90.64%, which is greater than RSG's maximum drawdown of -65.99%. Use the drawdown chart below to compare losses from any high point for CECO and RSG.
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Drawdown Indicators
| CECO | RSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.64% | -65.99% | -24.65% |
Max Drawdown (1Y)Largest decline over 1 year | -35.08% | -20.28% | -14.80% |
Max Drawdown (3Y)Largest decline over 3 years | -47.93% | -22.54% | -25.39% |
Max Drawdown (5Y)Largest decline over 5 years | -47.93% | -22.54% | -25.39% |
Max Drawdown (10Y)Largest decline over 10 years | -74.13% | -34.02% | -40.11% |
Current DrawdownCurrent decline from peak | -3.01% | -18.09% | +15.08% |
Average DrawdownAverage peak-to-trough decline | -46.21% | -11.84% | -34.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.20% | 12.41% | -1.21% |
Volatility
CECO vs. RSG - Volatility Comparison
CECO Environmental Corp. (CECO) has a higher volatility of 26.06% compared to Republic Services, Inc. (RSG) at 6.36%. This indicates that CECO's price experiences larger fluctuations and is considered to be riskier than RSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CECO | RSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.06% | 6.36% | +19.70% |
Volatility (6M)Calculated over the trailing 6-month period | 51.17% | 13.83% | +37.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.55% | 18.80% | +43.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.23% | 18.18% | +34.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.03% | 19.11% | +32.92% |
Dividends
CECO vs. RSG - Dividend Comparison
CECO has not paid dividends to shareholders, while RSG's dividend yield for the trailing twelve months is around 1.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CECO CECO Environmental Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.39% | 1.89% | 3.44% |
RSG Republic Services, Inc. | 1.17% | 1.12% | 0.82% | 1.25% | 1.48% | 1.27% | 1.72% | 1.74% | 2.00% | 1.97% | 2.17% | 2.64% |
Financials
CECO vs. RSG - Financials Comparison
This section allows you to compare key financial metrics between CECO Environmental Corp. and Republic Services, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CECO vs. RSG - Profitability Comparison
CECO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CECO Environmental Corp. reported a gross profit of 75.38M and revenue of 214.69M. Therefore, the gross margin over that period was 35.1%.
RSG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Republic Services, Inc. reported a gross profit of 0.00 and revenue of 4.11B. Therefore, the gross margin over that period was 0.0%.
CECO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CECO Environmental Corp. reported an operating income of 16.53M and revenue of 214.69M, resulting in an operating margin of 7.7%.
RSG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Republic Services, Inc. reported an operating income of 830.00M and revenue of 4.11B, resulting in an operating margin of 20.2%.
CECO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CECO Environmental Corp. reported a net income of 3.06M and revenue of 214.69M, resulting in a net margin of 1.4%.
RSG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Republic Services, Inc. reported a net income of 525.00M and revenue of 4.11B, resulting in a net margin of 12.8%.
Frequently Asked Questions
CECO and RSG have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CECO has higher volatility (26.06%) compared to RSG (6.36%). In terms of maximum drawdown, CECO dropped -90.64% vs RSG's -65.99%.
CECO currently has the higher Sharpe Ratio (3.77 vs -0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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