BBY vs RSP: Correlation
Best Buy (BBY) and Invesco S&P 500 Equal Weight ETF (RSP) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBY and RSP?
Across a 3-year window, the weekly returns of BBY and RSP correlate at 0.48, moderate. The past 12 months show a weaker link (0.36) than the 3-year average (0.48). Stretching to 5 years gives 0.56, with an annualized covariance of 238.1 %².
By 3-year correlation, RSP places #6 of the 33 assets tracked against BBY. Their 12-month results are close: +16.9% for BBY against +19.2% for RSP. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.21 to 0.72. One caveat on sizing: BBY is 2.8 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.
BBY vs RSP: side by side
| BBY (Best Buy) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +16.9% | +19.2% |
| 5-year return | -11.2% | +53.9% |
| Volatility (ann.) | 37.6% | 13.2% |
| Beta vs S&P 500 | 0.97 | 0.77 |
| Max drawdown (3Y) | -44.3% | -17.8% |
| Market cap | – | – |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 0.00% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | Consumer Discretionary | 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 | BBY | RSP |
|---|---|---|
| 2022 | -17.5% | -11.6% |
| 2023 | +2.5% | +13.7% |
| 2024 | +14.4% | +12.8% |
| 2025 | -17.8% | +11.2% |
| 2026 | +28.4% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
BBY represents 0.22% of RSP's portfolio, so part of any move in RSP is BBY itself, and the correlation between them is partly mechanical.
Are BBY and RSP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BBY and RSP?
The BBY/RSP correlation stands at 0.48 on a 3-year window (1 year: 0.36, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is RSP a good diversifier for BBY?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/bby-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bby-vs-rsp/)
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Related comparisons
Hubs: BBY correlations · RSP correlations
