RTO vs. NWG
RTO (Rentokil Initial PLC) and NWG (NatWest Group plc) are both stocks. RTO operates in Specialty Business Services (Industrials), while NWG operates in Banks - Diversified (Financial Services). Over the past 10 years, RTO returned 10.98%/yr vs 16.47%/yr for NWG. At a 0.24 correlation, their price movements are largely independent.
Performance
RTO vs. NWG - Performance Comparison
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Returns By Period
In the year-to-date period, RTO achieves a 5.36% return, which is significantly higher than NWG's -1.19% return. Over the past 10 years, RTO has underperformed NWG with an annualized return of 10.98%, while NWG has yielded a comparatively higher 16.47% annualized return.
RTO
- 1D
- 0.46%
- 1M
- -2.76%
- YTD
- 5.36%
- 6M
- 8.22%
- 1Y
- 34.16%
- 3Y*
- -6.81%
- 5Y*
- -0.64%
- 10Y*
- 10.98%
NWG
- 1D
- 2.16%
- 1M
- 10.68%
- YTD
- -1.19%
- 6M
- 4.80%
- 1Y
- 25.78%
- 3Y*
- 44.97%
- 5Y*
- 31.11%
- 10Y*
- 16.47%
RTO vs. NWG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RTO Rentokil Initial PLC | 5.36% | 19.64% | -9.78% | -5.92% | -22.27% | 14.36% | 16.84% | 42.28% | -0.22% | 64.45% |
NWG NatWest Group plc | -1.19% | 81.29% | 92.31% | -4.69% | 11.23% | 39.24% | -24.92% | 29.18% | -26.25% | 38.16% |
Correlation
The correlation between RTO and NWG is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2007 | 0.24 |
The correlation between RTO and NWG shifts across timeframes, from 0.23 (10 years) to 0.34 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
RTO:
$15.56B
NWG:
$33.35B
RTO:
£1.39
NWG:
£2.95
RTO:
16.48
NWG:
4.19
RTO:
8.93
NWG:
0.16
RTO:
1.02
NWG:
0.85
RTO:
2.85
NWG:
0.57
RTO:
£11.42B
NWG:
£29.58B
RTO:
£1.54B
NWG:
£16.97B
RTO:
£2.16B
NWG:
£9.10B
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Return for Risk
RTO vs. NWG — Risk / Return Rank
RTO
NWG
RTO vs. NWG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rentokil Initial PLC (RTO) and NatWest Group plc (NWG). 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.
| RTO | NWG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.15 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 1.01 | +1.02 |
| Martin ratioReturn relative to average drawdown | 5.51 | 2.52 | +2.99 |
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Drawdowns
RTO vs. NWG - Drawdown Comparison
The maximum RTO drawdown since its inception was -86.53%, smaller than the maximum NWG drawdown of -96.96%. Use the drawdown chart below to compare losses from any high point for RTO and NWG.
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Drawdown Indicators
| RTO | NWG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.53% | -96.96% | +10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -15.56% | -24.03% | +8.47% |
Max Drawdown (3Y)Largest decline over 3 years | -49.81% | -34.62% | -15.19% |
Max Drawdown (5Y)Largest decline over 5 years | -50.94% | -40.56% | -10.38% |
Max Drawdown (10Y)Largest decline over 10 years | -50.94% | -67.34% | +16.40% |
Current DrawdownCurrent decline from peak | -22.60% | -70.25% | +47.65% |
Average DrawdownAverage peak-to-trough decline | -30.51% | -86.19% | +55.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.72% | 9.64% | -3.92% |
Volatility
RTO vs. NWG - Volatility Comparison
The current volatility for Rentokil Initial PLC (RTO) is 6.46%, while NatWest Group plc (NWG) has a volatility of 9.45%. This indicates that RTO experiences smaller price fluctuations and is considered to be less risky than NWG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RTO | NWG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 9.45% | -2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 21.27% | 24.48% | -3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.51% | 31.76% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.41% | 33.59% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.02% | 38.28% | -5.26% |
Dividends
RTO vs. NWG - Dividend Comparison
RTO's dividend yield for the trailing twelve months is around 2.24%, less than NWG's 5.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWG NatWest Group plc | 5.28% | 3.69% | 4.36% | 9.42% | 11.57% | 2.74% | 4.59% | 9.75% | 0.91% | 0.00% | 0.00% | 0.00% |
RTO Rentokil Initial PLC | 2.24% | 2.23% | 2.28% | 1.73% | 1.38% | 1.30% | 0.00% | 0.87% | 1.14% | 1.69% | 2.99% | 1.54% |
Financials
RTO vs. NWG - Financials Comparison
This section allows you to compare key financial metrics between Rentokil Initial PLC and NatWest Group plc. 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
RTO vs. NWG - Profitability Comparison
RTO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Rentokil Initial PLC reported a gross profit of 363.77M and revenue of 2.62B. Therefore, the gross margin over that period was 13.9%.
NWG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NatWest Group plc reported a gross profit of 4.36B and revenue of 7.39B. Therefore, the gross margin over that period was 59.0%.
RTO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Rentokil Initial PLC reported an operating income of 363.77M and revenue of 2.62B, resulting in an operating margin of 13.9%.
NWG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NatWest Group plc reported an operating income of 2.03B and revenue of 7.39B, resulting in an operating margin of 27.5%.
RTO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Rentokil Initial PLC reported a net income of 208.50M and revenue of 2.62B, resulting in a net margin of 8.0%.
NWG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NatWest Group plc reported a net income of 1.51B and revenue of 7.39B, resulting in a net margin of 20.4%.
Frequently Asked Questions
RTO and NWG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NWG has higher volatility (9.45%) compared to RTO (6.46%). In terms of maximum drawdown, RTO dropped -86.53% vs NWG's -96.96%.
RTO currently has the higher Sharpe Ratio (1.03 vs 0.77), 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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