BBWI vs RSP: Correlation
Measured on weekly returns over the past three years, Bath & Body Works, Inc. (BBWI) and Invesco S&P 500 Equal Weight ETF (RSP) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBWI and RSP?
On 3 years of weekly data the BBWI/RSP correlation comes out at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 337.1 %².
By 3-year correlation, RSP places #4 of the 14 assets tracked against BBWI. Their recent paths diverged sharply: over the last 12 months RSP outperformed by 57.5 percentage points (-38.3% for BBWI against +19.2% for RSP). Note the risk asymmetry: BBWI runs 3.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BBWI vs RSP: side by side
| BBWI (Bath & Body Works, Inc.) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | -38.3% | +19.2% |
| 5-year return | -69.3% | +53.9% |
| Volatility (ann.) | 50.5% | 13.2% |
| Beta vs S&P 500 | 1.37 | 0.77 |
| Max drawdown (3Y) | -70.0% | -17.8% |
| Market cap | $3.8B | – |
| P/E (trailing) | 5.0 | – |
| Dividend yield | 2.12% | 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 | BBWI | RSP |
|---|---|---|
| 2022 | -38.4% | -11.6% |
| 2023 | +4.7% | +13.7% |
| 2024 | -8.3% | +12.8% |
| 2025 | -46.5% | +11.2% |
| 2026 | -4.3% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBWI and RSP good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BBWI and RSP?
The BBWI/RSP correlation stands at 0.51 on a 3-year window (1 year: 0.53, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is RSP a good diversifier for BBWI?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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/bbwi-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bbwi-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBWI correlations · RSP correlations
