AGD vs RSP: Correlation
Measured on weekly returns over the past three years, abrdn Global Dynamic Dividend Fund (AGD) and Invesco S&P 500 Equal Weight ETF (RSP) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGD and RSP?
Across a 3-year window, the weekly returns of AGD and RSP correlate at 0.66, strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.66 over 3. Stretching to 5 years gives 0.74, with an annualized covariance of 187.6 %².
In AGD's tracked universe of 15 assets, RSP sits right near the top at #3. Neither side won the trailing year by much: +19.7% against +19.2%. One caveat on sizing: AGD is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AGD vs RSP: side by side
| AGD (abrdn Global Dynamic Dividend Fund) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +19.7% | +19.2% |
| 5-year return | +65.7% | +53.9% |
| Volatility (ann.) | 21.4% | 13.2% |
| Beta vs S&P 500 | 0.88 | 0.77 |
| Max drawdown (3Y) | -20.3% | -17.8% |
| Market cap | – | – |
| P/E (trailing) | 4.2 | – |
| Dividend yield | 5.26% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | US Listed | 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 | AGD | RSP |
|---|---|---|
| 2022 | -15.3% | -11.6% |
| 2023 | +7.4% | +13.7% |
| 2024 | +16.4% | +12.8% |
| 2025 | +34.3% | +11.2% |
| 2026 | +16.5% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGD and RSP good diversifiers for each other?
To a limited degree. At 0.66 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 AGD and RSP?
As of 2026-08-27, the correlation of weekly returns between AGD and RSP is 0.66 over 3 years, 0.67 over 1 year and 0.74 over 5 years.
Is RSP a good diversifier for AGD?
To a limited degree. At 0.66 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 0.66 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agd-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/agd-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGD correlations · RSP correlations
