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RSG vs. SPY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RSG vs. SPY

Last updated Jun 23, 2026

RSG (Republic Services, Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, RSG returned 17.11%/yr vs 15.70%/yr for SPY. At a 0.44 correlation, their price movements are largely independent.

Performance

RSG vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Republic Services, Inc. (RSG) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RSG achieves a -3.01% return, which is significantly lower than SPY's 9.74% return. Over the past 10 years, RSG has outperformed SPY with an annualized return of 17.11%, while SPY has yielded a comparatively lower 15.70% annualized return.

RSG

1D
-0.28%
1M
-2.19%
YTD
-3.01%
6M
-3.46%
1Y
-16.76%
3Y*
13.03%
5Y*
15.10%
10Y*
17.11%

SPY

1D
-0.31%
1M
0.09%
YTD
9.74%
6M
9.27%
1Y
26.65%
3Y*
21.27%
5Y*
13.51%
10Y*
15.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RSG vs. SPY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RSG
Republic Services, Inc.		-3.01%6.44%23.03%29.64%-6.16%47.03%9.53%26.62%8.85%20.96%
SPY
State Street SPDR S&P 500 ETF		9.74%17.72%24.89%26.18%-18.18%28.73%18.33%31.22%-4.57%21.71%

Correlation

The correlation between RSG and SPY is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.14

Correlation (3Y)
Calculated over the trailing 3-year period

0.15

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (10Y)
Calculated over the trailing 10-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Jul 1, 1998

0.44

The correlation between RSG and SPY shifts across timeframes, from -0.14 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.

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Republic Services, Inc.

State Street SPDR S&P 500 ETF

Often compared with RSG:
RSG vs. WMRSG vs. WCNRSG vs. GFLRSG vs. VOORSG vs. WMSRSG vs. PSARSG vs. MCD
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

Return for Risk

RSG vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RSG
RSG Risk / Return Rank: 99
Overall Rank
RSG Sharpe Ratio Rank: 77
Sharpe Ratio Rank
RSG Sortino Ratio Rank: 99
Sortino Ratio Rank
RSG Omega Ratio Rank: 1010
Omega Ratio Rank
RSG Calmar Ratio Rank: 1010
Calmar Ratio Rank
RSG Martin Ratio Rank: 99
Martin Ratio Rank
SPY
SPY Risk / Return Rank: 6868
Overall Rank
SPY Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 6666
Sortino Ratio Rank
SPY Omega Ratio Rank: 6868
Omega Ratio Rank
SPY Calmar Ratio Rank: 6363
Calmar Ratio Rank
SPY Martin Ratio Rank: 7474
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RSG vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Republic Services, Inc. (RSG) and State Street SPDR S&P 500 ETF (SPY). 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.

RSGSPYDifference
Sharpe ratioReturn per unit of total volatility
-0.90
2.16

-3.06

Sortino ratioReturn per unit of downside risk
-1.18
2.91

-4.10

Omega ratioGain probability vs. loss probability

0.86

1.39

-0.53

Calmar ratioReturn relative to maximum drawdown

-0.83

3.01

-3.84

Martin ratioReturn relative to average drawdown

-1.36

13.54

-14.89

RSG vs. SPY - Sharpe Ratio Comparison

The current RSG Sharpe Ratio is -0.90, which is lower than the SPY Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of RSG and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RSG vs. SPY - Drawdown Comparison

The maximum RSG drawdown since its inception was -65.99%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RSG and SPY.

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Drawdown Indicators

RSGSPYDifference

Max Drawdown

Largest peak-to-trough decline

-65.99%

-55.19%

-10.80%

Max Drawdown (1Y)

Largest decline over 1 year

-20.28%

-8.88%

-11.40%

Max Drawdown (3Y)

Largest decline over 3 years

-22.54%

-18.76%

-3.78%

Max Drawdown (5Y)

Largest decline over 5 years

-22.54%

-24.50%

+1.96%

Max Drawdown (10Y)

Largest decline over 10 years

-34.02%

-33.72%

-0.30%

Current Drawdown

Current decline from peak

-19.94%

-1.75%

-18.19%

Average Drawdown

Average peak-to-trough decline

-11.84%

-9.04%

-2.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.37%

1.97%

+10.40%

Volatility

RSG vs. SPY - Volatility Comparison

Republic Services, Inc. (RSG) has a higher volatility of 6.19% compared to State Street SPDR S&P 500 ETF (SPY) at 4.64%. This indicates that RSG's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RSGSPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.19%

4.64%

+1.55%

Volatility (6M)

Calculated over the trailing 6-month period

13.65%

9.75%

+3.90%

Volatility (1Y)

Calculated over the trailing 1-year period

18.68%

12.43%

+6.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.15%

17.14%

+1.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.09%

17.99%

+1.10%

Dividends

RSG vs. SPY - Dividend Comparison

RSG's dividend yield for the trailing twelve months is around 1.20%, more than SPY's 1.01% yield.

PositionTTM20252024202320222021202020192018201720162015
RSG
Republic Services, Inc.		1.20%1.12%0.82%1.25%1.48%1.27%1.72%1.74%2.00%1.97%2.17%2.64%
SPY
State Street SPDR S&P 500 ETF		1.01%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%

Frequently Asked Questions

RSG and SPY have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RSG has higher volatility (6.19%) compared to SPY (4.64%). In terms of maximum drawdown, RSG dropped -65.99% vs SPY's -55.19%.

SPY currently has the higher Sharpe Ratio (2.16 vs -0.90), 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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