BA vs RSP: Correlation
Measured on weekly returns over the past three years, Boeing (BA) and Invesco S&P 500 Equal Weight ETF (RSP) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BA and RSP?
On 3 years of weekly data the BA/RSP correlation comes out at 0.56, moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.56 over 3. The 5-year figure is 0.56, and annualized covariance runs at 270.4 %².
Within BA's tracked universe of 37 assets, RSP comes in at #14 by 3-year correlation. The last year tells two different stories: RSP led by 30.1 percentage points, -10.9% for BA against +19.2% for RSP. Across three years, the rolling one-year figure varied moderately, from 0.26 to 0.72. Risk is not evenly split, since BA carries 2.8 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.
BA vs RSP: side by side
| BA (Boeing) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | -10.9% | +19.2% |
| 5-year return | -3.6% | +53.9% |
| Volatility (ann.) | 36.4% | 13.2% |
| Beta vs S&P 500 | 1.43 | 0.77 |
| Max drawdown (3Y) | -48.3% | -17.8% |
| Market cap | $165.9B | – |
| P/E (trailing) | 76.3 | – |
| Dividend yield | 0.00% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | Industrials | 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 | BA | RSP |
|---|---|---|
| 2022 | -5.4% | -11.6% |
| 2023 | +36.8% | +13.7% |
| 2024 | -32.1% | +12.8% |
| 2025 | +22.7% | +11.2% |
| 2026 | -3.3% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.19% of RSP is BA itself, so the fund partly moves with the stock by construction.
Are BA and RSP good diversifiers for each other?
Only partially. A correlation of 0.56 means BA and RSP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BA and RSP?
As of 2026-08-27, the correlation of weekly returns between BA and RSP is 0.56 over 3 years, 0.56 over 1 year and 0.56 over 5 years.
Is RSP a good diversifier for BA?
Only partially. A correlation of 0.56 means BA and RSP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ba-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ba-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BA correlations · RSP correlations
