Environmental Services Stocks
Top 10 of 26 EVX holdings, updated
As of 12 October 2026, environmental services stocks are trailing the S&P 500, over the past month and over the longer run. EVX trails the S&P 500 by 3.7 points over one month and ranks #49 of 115 groups Zensei tracks. 9 of the 16 environmental services stocks Zensei prices in EVX beat the fund this month.
Where environmental services stocks stand now
As of 12 October 2026, Environmental Services (EVX) ranks #49 of the 115 groups Zensei tracks by one-month return against the S&P 500. It is out of favor: it trails the S&P 500 on both rotation windows — 3.7 points behind over the past month and 5.4 points behind over the longer, time-shifted window. That is the Underperformers quadrant.
On the shorter tape, EVX's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. EVX's relative-strength line has broken below its long-term average — the long-term outperformance trend is no longer intact. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The exposure comes via VanEck Environmental Services ETF, whose 26 tracked holdings are led by Ecolab Inc, Waste Management Inc and Republic Services Inc. Weighted by portfolio, the fund's holdings trade at roughly 26.7× earnings. The thing to watch from here is the one-month spread: underperformers only become interesting when the recent window turns positive first — until then, the market is voting elsewhere.
Top environmental services stocks right now
The largest environmental services stocks by weight in EVX, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of EVX
- 1Ecolab IncECL8.4%
- 2Waste Management IncWM7.8%
- 3Republic Services IncRSG6.9%
- 4Waste Connections IncWCN6.3%
- 5Veolia Environnement SA5.8%
Strongest this month
1-month return, holdings Zensei prices
- 1Veralto CorpVLTO+4.5%
- 2Ecolab IncECL+3.2%
- 3Federal Signal CorpFSS+0.7%
- 4Core & Main IncCNM+0.1%
- 5Republic Services IncRSG−1.0%
Environmental Services Stocks vs the S&P 500
Over the week to 12 October 2026, EVX fell 0.3% while the S&P 500 rose 0.4%. EVX and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means EVX won that window.
Prices as of · computed from daily adjusted closes · how we measure
Environmental Services on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Are environmental services stocks expensive?
The price-to-earnings ratio of EVX as a whole: the total price of its holdings over their total earnings, weighted by share of the fund. Holdings that lose money are left out.
EVX holdings: the environmental services stocks inside
As of 12 October 2026, 9 of the 16 environmental services stocks Zensei prices in EVX beat the fund over the past month. 2 of them beat the S&P 500. The strongest is Veralto Corp (VLTO); the weakest is Ceco Environmental Corp (CECO). Inside the fund, most holdings move the same way.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | ECLEcolab Inc | 8.4% | +3.2% | +4.8% | +4.9 pts | Strong | Strong |
| 2 | WMWaste Management Inc | 7.8% | −1.1% | −10.4% | +0.6 pts | Accelerating | Broken |
| 3 | RSGRepublic Services Inc | 6.9% | −1.0% | −1.3% | +0.7 pts | Accelerating | Strong |
| 4 | WCNWaste Connections Inc | 6.3% | −3.8% | −10.0% | |||
| 5 | Veolia Environnement SA | 5.8% | — | — | No price data | ||
| 6 | XYLXylem Inc | 5.4% | −4.1% | −15.0% | |||
| 7 | VLTOVeralto Corp | 5.2% | +4.5% | +5.9% | |||
| 8 | GFLGfl Environmental Inc | 4.6% | −1.1% | +8.2% | |||
| 9 | CLHClean Harbors Inc | 4.6% | −1.2% | +5.1% | |||
| 10 | DCIDonaldson Co Inc | 4.6% | −3.1% | −2.8% | |||
All 26 EVX holdings by weight: Ecolab Inc (ECL) 8.4%, Waste Management Inc (WM) 7.8%, Republic Services Inc (RSG) 6.9%, Waste Connections Inc (WCN) 6.3%, Veolia Environnement SA 5.8%, Xylem Inc (XYL) 5.4%, Veralto Corp (VLTO) 5.2%, Gfl Environmental Inc (GFL) 4.6%, Clean Harbors Inc (CLH) 4.6%, Donaldson Co Inc (DCI) 4.6%, Ngk Corp 4.5%, Advanced Drainage Systems Inc (WMS) 4.5%, Tetra Tech Inc (TTEK) 4.3%, Darling Ingredients Inc (DAR) 4.1%, Federal Signal Corp (FSS) 3.7%, Core & Main Inc (CNM) 3.6%, Ceco Environmental Corp (CECO) 2.8%, Kurita Water Industries Ltd 2.8%, Casella Waste Systems Inc (CWST) 2.1%, Drax Group PLC 1.8%, Arcadis NV 1.8%, Organo Corp 1.4%, Cleanaway Waste Management Ltd 1.4%, Takuma Co Ltd 0.7%, Daiei Kankyo Co Ltd 0.5%, Nomura Micro Science Co Ltd 0.5%.
Environmental Services Stocks: common questions
What are the top 3 environmental services stocks?
As of 12 October 2026, the three largest environmental services stocks in EVX by fund weight are Ecolab Inc (ECL) (8.4%), Waste Management Inc (WM) (7.8%) and Republic Services Inc (RSG) (6.9%). Fund weight shows size inside the fund, not a recommendation.
Which environmental services stocks are beating the sector?
As of 12 October 2026, 9 of the 16 environmental services stocks Zensei prices in EVX beat the fund over the past month. The strongest over the past month is Veralto Corp (VLTO). The list above shows every holding with its weight and returns.
Are environmental services stocks outperforming the S&P 500?
No. As of 12 October 2026, EVX trails the S&P 500 by 3.7 points over the past month.
Is it a good time to invest in environmental services stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, environmental services stocks are behind the S&P 500 on both the recent and the longer window. The rotation map and the read on this page show whether that trend is building or fading.
What is EVX?
EVX is VanEck Environmental Services ETF. Zensei uses it to measure environmental services stocks against the S&P 500 (SPY).
What stocks does EVX own?
As of 12 October 2026, the largest of the 26 positions Zensei tracks in EVX are Ecolab Inc, Waste Management Inc, Republic Services Inc, Waste Connections Inc, Veolia Environnement SA. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is environmental services in right now?
As of 12 October 2026, environmental services is in the Underperformers quadrant — trailing the S&P 500 on both windows. The Zensei methodology page explains the quadrants.
Recent changes
- ·First tracked: trailing the market
Related sectors
Track environmental services against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.