RSG vs. WCN
RSG (Republic Services, Inc.) and WCN (Waste Connections, Inc.) are both stocks. Both operate in the Waste Management industry within the Industrials sector. Over the past 10 years, RSG returned 17.12%/yr vs 13.90%/yr for WCN. Their 0.50 correlation means their historical movements had little consistent relationship.
Performance
RSG vs. WCN - Performance Comparison
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Returns By Period
In the year-to-date period, RSG achieves a 0.22% return, which is significantly higher than WCN's -4.14% return. Over the past 10 years, RSG has outperformed WCN with an annualized return of 17.12%, while WCN has yielded a comparatively lower 13.90% annualized return.
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%
WCN
- 1D
- 0.67%
- 1M
- -0.85%
- 6M
- 0.30%
- YTD
- -4.14%
- 1Y
- -9.56%
- 3Y*
- 6.20%
- 5Y*
- 6.50%
- 10Y*
- 13.90%
- ALL TIME*
- 17.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $298.39M | $291.13M | $352.98M | |
| $252.66M | $226.08M | $266.58M |
RSG vs. WCN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RSG Republic Services, Inc. | 0.22% | 6.44% | 23.03% | 29.64% | -6.16% | 47.03% | 9.53% | 26.62% | 8.85% | 20.96% |
WCN Waste Connections, Inc. | -4.14% | 2.92% | 15.72% | 13.47% | -2.02% | 33.80% | 13.86% | 23.19% | 5.47% | 36.38% |
Correlation
The correlation between RSG and WCN is 0.75, 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. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1998 | 0.50 |
Over the past year, RSG and WCN have become more correlated (0.75) than their long-term average of 0.50, meaning their price movements have been converging.
Fundamentals
RSG:
$64.78B
WCN:
$42.19B
RSG:
$7.00
WCN:
$7.11
RSG:
30.09
WCN:
23.56
RSG:
2.12
WCN:
1.12
RSG:
3.91
WCN:
3.29
RSG:
$16.70B
WCN:
$9.80B
RSG:
$3.80B
WCN:
$1.75B
RSG:
$4.89B
WCN:
$2.10B
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Return for Risk
RSG vs. WCN — Risk / Return Rank
RSG
WCN
RSG vs. WCN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Republic Services, Inc. (RSG) and Waste Connections, Inc. (WCN). 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.
| RSG | WCN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.94 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | -0.45 | -0.03 |
| Martin ratioReturn relative to average drawdown | -0.90 | -0.80 | -0.10 |
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Drawdowns
RSG vs. WCN - Drawdown Comparison
The maximum RSG drawdown since its inception was -65.99%, roughly equal to the maximum WCN drawdown of -68.85%. Use the drawdown chart below to compare losses from any high point for RSG and WCN.
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Drawdown Indicators
| RSG | WCN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.99% | -68.85% | +2.86% |
Max Drawdown (1Y)Largest decline over 1 year | -15.86% | -21.30% | +5.44% |
Max Drawdown (3Y)Largest decline over 3 years | -22.54% | -24.75% | +2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -22.54% | -24.75% | +2.21% |
Max Drawdown (10Y)Largest decline over 10 years | -34.02% | -31.59% | -2.43% |
Current DrawdownCurrent decline from peak | -17.28% | -15.47% | -1.81% |
Average DrawdownAverage peak-to-trough decline | -11.85% | -8.43% | -3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.51% | 12.01% | -3.50% |
Volatility
RSG vs. WCN - Volatility Comparison
Republic Services, Inc. (RSG) has a higher volatility of 7.93% compared to Waste Connections, Inc. (WCN) at 7.24%. This indicates that RSG's price experiences larger fluctuations and is considered to be riskier than WCN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSG | WCN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.93% | 7.24% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 15.63% | 19.30% | -3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.88% | 22.67% | -3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.44% | 19.71% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.24% | 19.89% | -0.65% |
Dividends
RSG vs. WCN - Dividend Comparison
RSG's dividend yield for the trailing twelve months is around 1.19%, more than WCN's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WCN Waste Connections, Inc. | 0.82% | 0.74% | 0.68% | 0.70% | 0.71% | 0.62% | 0.74% | 0.73% | 0.78% | 0.65% | 1.20% | 1.86% |
Financials
RSG vs. WCN - Financials Comparison
This section allows you to compare key financial metrics between Republic Services, Inc. and Waste Connections, 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
RSG vs. WCN - Profitability Comparison
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%.
WCN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Waste Connections, Inc. reported a gross profit of -1.01B and revenue of 2.56B. Therefore, the gross margin over that period was -39.4%.
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%.
WCN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Waste Connections, Inc. reported an operating income of 437.55M and revenue of 2.56B, resulting in an operating margin of 17.1%.
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%.
WCN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Waste Connections, Inc. reported a net income of 599.49M and revenue of 2.56B, resulting in a net margin of 23.4%.
Frequently Asked Questions
RSG and WCN have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSG has higher volatility (7.93%) compared to WCN (7.24%). In terms of maximum drawdown, RSG dropped -65.99% vs WCN's -68.85%.
RSG currently has the higher Sharpe Ratio (-0.41 vs -0.43), 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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