BEN vs RSP: Correlation
Measured on weekly returns over the past three years, Franklin Resources (BEN) and Invesco S&P 500 Equal Weight ETF (RSP) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEN and RSP?
Over the past 3 years, BEN and RSP moved with a correlation of 0.63, which is strong. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 230.2 %².
RSP is one of the assets that tracks BEN most closely: it ranks #3 out of the 28 assets we track against BEN. The last year tells two different stories: BEN led by 23.8 percentage points, +43.0% for BEN against +19.2% for RSP. Across three years, the rolling one-year figure varied moderately, from 0.50 to 0.85. Note the risk asymmetry: BEN runs 2.1 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.
BEN vs RSP: side by side
| BEN (Franklin Resources) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +43.0% | +19.2% |
| 5-year return | +37.6% | +53.9% |
| Volatility (ann.) | 27.9% | 13.2% |
| Beta vs S&P 500 | 1.01 | 0.77 |
| Max drawdown (3Y) | -40.0% | -17.8% |
| Market cap | $17.7B | – |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 3.74% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | Financials | 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 | BEN | RSP |
|---|---|---|
| 2022 | -17.5% | -11.6% |
| 2023 | +17.0% | +13.7% |
| 2024 | -27.2% | +12.8% |
| 2025 | +24.8% | +11.2% |
| 2026 | +49.4% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.21% of RSP is BEN itself, so the fund partly moves with the stock by construction.
Are BEN and RSP good diversifiers for each other?
To a limited degree. At 0.63 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 BEN and RSP?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.55 over the last year and 0.71 over 5 years.
Is RSP a good diversifier for BEN?
To a limited degree. At 0.63 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 0.63 mean?
A reading of 0.63 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/ben-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ben-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BEN correlations · RSP correlations
