GFL vs. RSG
GFL (GFL Environmental Inc.) and RSG (Republic Services, Inc.) are both stocks. Both operate in the Waste Management industry within the Industrials sector. Over the past 5 years, GFL returned 3.61%/yr vs 13.63%/yr for RSG. Their 0.42 correlation means their historical movements had little consistent relationship.
Performance
GFL vs. RSG - Performance Comparison
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Returns By Period
In the year-to-date period, GFL achieves a -3.68% return, which is significantly lower than RSG's 0.22% return.
GFL
- 1D
- -0.12%
- 1M
- 10.29%
- 6M
- -3.72%
- YTD
- -3.68%
- 1Y
- -16.87%
- 3Y*
- 6.72%
- 5Y*
- 3.61%
- 10Y*
- —
- ALL TIME*
- 14.52%
RSG
- 1D
- -0.37%
- 1M
- -3.12%
- 6M
- -1.55%
- YTD
- 0.22%
- 1Y
- -7.89%
- 3Y*
- 12.74%
- 5Y*
- 13.63%
- 10Y*
- 17.12%
- ALL TIME*
- 11.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $104.67M | $126.13M | $109.48M | |
| $298.39M | $291.13M | $352.98M |
GFL vs. RSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GFL GFL Environmental Inc. | -3.68% | -3.44% | 29.26% | 18.24% | -22.65% | 29.88% | 67.01% |
RSG Republic Services, Inc. | 0.22% | 6.44% | 23.03% | 29.64% | -6.16% | 47.03% | 4.35% |
Correlation
The correlation between GFL and RSG is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2020 | 0.42 |
The correlation between GFL and RSG has been stable across timeframes, ranging from 0.42 to 0.50 - a consistent structural relationship.
Fundamentals
GFL:
$14.42B
RSG:
$64.78B
GFL:
-CA$0.62
RSG:
$7.00
GFL:
3.03
RSG:
3.91
GFL:
2.84
RSG:
5.43
GFL:
CA$6.97B
RSG:
$16.70B
GFL:
CA$1.39B
RSG:
$3.80B
GFL:
CA$1.79B
RSG:
$4.89B
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Return for Risk
GFL vs. RSG — Risk / Return Rank
GFL
RSG
GFL vs. RSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GFL Environmental Inc. (GFL) 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.
| GFL | RSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.95 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.48 | -0.04 |
| Martin ratioReturn relative to average drawdown | -0.99 | -0.90 | -0.08 |
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Drawdowns
GFL vs. RSG - Drawdown Comparison
The maximum GFL drawdown since its inception was -42.76%, smaller than the maximum RSG drawdown of -65.99%. Use the drawdown chart below to compare losses from any high point for GFL and RSG.
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Drawdown Indicators
| GFL | RSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.76% | -65.99% | +23.23% |
Max Drawdown (1Y)Largest decline over 1 year | -34.20% | -15.86% | -18.34% |
Max Drawdown (3Y)Largest decline over 3 years | -34.88% | -22.54% | -12.34% |
Max Drawdown (5Y)Largest decline over 5 years | -42.76% | -22.54% | -20.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.02% | — |
Current DrawdownCurrent decline from peak | -19.74% | -17.28% | -2.46% |
Average DrawdownAverage peak-to-trough decline | -14.63% | -11.85% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.07% | 8.51% | +9.56% |
Volatility
GFL vs. RSG - Volatility Comparison
GFL Environmental Inc. (GFL) has a higher volatility of 10.59% compared to Republic Services, Inc. (RSG) at 7.93%. This indicates that GFL'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
| GFL | RSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.59% | 7.93% | +2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 23.98% | 15.63% | +8.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.80% | 18.88% | +8.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.96% | 18.44% | +11.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.01% | 19.24% | +13.77% |
Dividends
GFL vs. RSG - Dividend Comparison
GFL's dividend yield for the trailing twelve months is around 0.16%, less than RSG's 1.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GFL GFL Environmental Inc. | 0.16% | 0.14% | 0.12% | 0.15% | 0.16% | 0.11% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RSG Republic Services, Inc. | 1.19% | 1.12% | 0.82% | 1.25% | 1.48% | 1.27% | 1.72% | 1.74% | 2.00% | 1.97% | 2.17% | 2.64% |
Financials
GFL vs. RSG - Financials Comparison
This section allows you to compare key financial metrics between GFL Environmental Inc. 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
GFL vs. RSG - Profitability Comparison
GFL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, GFL Environmental Inc. reported a gross profit of 385.97M and revenue of 1.95B. Therefore, the gross margin over that period was 19.8%.
RSG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
GFL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, GFL Environmental Inc. reported an operating income of 109.55M and revenue of 1.95B, resulting in an operating margin of 5.6%.
RSG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Republic Services, Inc. reported an operating income of 830.00M and revenue of 4.11B, resulting in an operating margin of 20.2%.
GFL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, GFL Environmental Inc. reported a net income of -159.87M and revenue of 1.95B, resulting in a net margin of -8.2%.
RSG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
GFL and RSG have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GFL has higher volatility (10.59%) compared to RSG (7.93%). In terms of maximum drawdown, GFL dropped -42.76% vs RSG's -65.99%.
RSG currently has the higher Sharpe Ratio (-0.41 vs -0.66), 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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