A vs RSP: Correlation
How closely do Agilent Technologies (A) and Invesco S&P 500 Equal Weight ETF (RSP) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are A and RSP?
Across a 3-year window, the weekly returns of A and RSP correlate at 0.56, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.39 versus 0.56 over 3 years. Stretching to 5 years gives 0.63, with an annualized covariance of 227.7 %².
Among the 33 assets we track against A, RSP ranks #15 by 3-year correlation. On 12-month performance A holds a 14.7-point edge, +33.9% against +19.2%. The rolling one-year correlation moved between 0.41 and 0.79 over the past three years, a moderate range. Risk is not evenly split, since A carries 2.3 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
A vs RSP: side by side
| A (Agilent Technologies) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +33.9% | +19.2% |
| 5-year return | -7.5% | +53.9% |
| Volatility (ann.) | 31.0% | 13.2% |
| Beta vs S&P 500 | 0.98 | 0.77 |
| Max drawdown (3Y) | -35.3% | -17.8% |
| Market cap | $44.5B | – |
| P/E (trailing) | 30.6 | – |
| Dividend yield | 0.00% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | Health Care | ETF · US Large Cap |
On the fund side, RSP sits in the Large Blend category at Invesco, with $97.3B under management, 505 holdings, a 0.20% expense ratio, a 1.49% trailing dividend yield.
Year-by-year returns
| Year | A | RSP |
|---|---|---|
| 2022 | -5.5% | -11.6% |
| 2023 | -6.4% | +13.7% |
| 2024 | -2.7% | +12.8% |
| 2025 | +1.9% | +11.2% |
| 2026 | +16.6% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.22% of RSP is A itself, so the fund partly moves with the stock by construction.
Are A and RSP good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between A and RSP?
The A/RSP correlation stands at 0.56 on a 3-year window (1 year: 0.39, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is RSP a good diversifier for A?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/a-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/a-vs-rsp/)
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Related comparisons
Hubs: A correlations · RSP correlations
