WCN vs. RSG
WCN (Waste Connections, Inc.) and RSG (Republic Services, Inc.) are both stocks. Both operate in the Waste Management industry within the Industrials sector. Over the past 10 years, WCN returned 13.90%/yr vs 17.12%/yr for RSG. Their 0.50 correlation means their historical movements had little consistent relationship.
Performance
WCN vs. RSG - Performance Comparison
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Returns By Period
In the year-to-date period, WCN achieves a -4.14% return, which is significantly lower than RSG's 0.22% return. Over the past 10 years, WCN has underperformed RSG with an annualized return of 13.90%, while RSG has yielded a comparatively higher 17.12% annualized return.
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%
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) |
|---|---|---|---|
| $298.39M | $291.13M | $352.98M | |
| $252.66M | $226.08M | $266.58M |
WCN vs. RSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WCN Waste Connections, Inc. | -4.14% | 2.92% | 15.72% | 13.47% | -2.02% | 33.80% | 13.86% | 23.19% | 5.47% | 36.38% |
RSG Republic Services, Inc. | 0.22% | 6.44% | 23.03% | 29.64% | -6.16% | 47.03% | 9.53% | 26.62% | 8.85% | 20.96% |
Correlation
The correlation between WCN and RSG 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, WCN and RSG have become more correlated (0.75) than their long-term average of 0.50, meaning their price movements have been converging.
Fundamentals
WCN:
$42.19B
RSG:
$64.78B
WCN:
$7.11
RSG:
$7.00
WCN:
23.56
RSG:
30.09
WCN:
1.12
RSG:
2.12
WCN:
3.29
RSG:
3.91
WCN:
$9.80B
RSG:
$16.70B
WCN:
$1.75B
RSG:
$3.80B
WCN:
$2.10B
RSG:
$4.89B
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Return for Risk
WCN vs. RSG — Risk / Return Rank
WCN
RSG
WCN vs. RSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Connections, Inc. (WCN) 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.
| WCN | RSG | 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 | 0.94 | 0.95 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | -0.48 | +0.03 |
| Martin ratioReturn relative to average drawdown | -0.80 | -0.90 | +0.10 |
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Drawdowns
WCN vs. RSG - Drawdown Comparison
The maximum WCN drawdown since its inception was -68.85%, roughly equal to the maximum RSG drawdown of -65.99%. Use the drawdown chart below to compare losses from any high point for WCN and RSG.
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Drawdown Indicators
| WCN | RSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.85% | -65.99% | -2.86% |
Max Drawdown (1Y)Largest decline over 1 year | -21.30% | -15.86% | -5.44% |
Max Drawdown (3Y)Largest decline over 3 years | -24.75% | -22.54% | -2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -24.75% | -22.54% | -2.21% |
Max Drawdown (10Y)Largest decline over 10 years | -31.59% | -34.02% | +2.43% |
Current DrawdownCurrent decline from peak | -15.47% | -17.28% | +1.81% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -11.85% | +3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.01% | 8.51% | +3.50% |
Volatility
WCN vs. RSG - Volatility Comparison
The current volatility for Waste Connections, Inc. (WCN) is 7.24%, while Republic Services, Inc. (RSG) has a volatility of 7.93%. This indicates that WCN experiences smaller price fluctuations and is considered to be less risky 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
| WCN | RSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 7.93% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 19.30% | 15.63% | +3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.67% | 18.88% | +3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.71% | 18.44% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.89% | 19.24% | +0.65% |
Dividends
WCN vs. RSG - Dividend Comparison
WCN's dividend yield for the trailing twelve months is around 0.82%, less than RSG's 1.19% 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
WCN vs. RSG - Financials Comparison
This section allows you to compare key financial metrics between Waste Connections, 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
WCN vs. RSG - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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
WCN and RSG 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, WCN dropped -68.85% vs RSG's -65.99%.
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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