BN vs RSP: Correlation
Brookfield Corporation Class A Limited Voting Shares (BN) and Invesco S&P 500 Equal Weight ETF (RSP) show a strong relationship: their 3-year correlation of weekly returns is 0.79.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BN and RSP?
Across a 3-year window, the weekly returns of BN and RSP correlate at 0.79, strong. The link has loosened recently: the 1-year correlation (0.64) runs below the 3-year figure (0.79). Stretching to 5 years gives 0.81, with an annualized covariance of 298.5 %².
In BN's tracked universe of 32 assets, RSP sits right near the top at #3. The last year tells two different stories: RSP led by 23.7 percentage points, -4.5% for BN against +19.2% for RSP. One caveat on sizing: BN is 2.2 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.
BN vs RSP: side by side
| BN (Brookfield Corporation Class A Limited Voting Shares) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | -4.5% | +19.2% |
| 5-year return | +42.1% | +53.9% |
| Volatility (ann.) | 28.8% | 13.2% |
| Beta vs S&P 500 | 1.47 | 0.77 |
| Max drawdown (3Y) | -27.8% | -17.8% |
| Market cap | $92.5B | – |
| P/E (trailing) | 76.7 | – |
| Dividend yield | 0.62% | 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 | BN | RSP |
|---|---|---|
| 2022 | -34.6% | -11.6% |
| 2023 | +28.6% | +13.7% |
| 2024 | +44.2% | +12.8% |
| 2025 | +20.5% | +11.2% |
| 2026 | -9.4% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BN and RSP good diversifiers for each other?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BN and RSP?
Using weekly returns as of 2026-08-27: 0.79 over 3 years, with 0.64 over the last year and 0.81 over 5 years.
Is RSP a good diversifier for BN?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.79 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/bn-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bn-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BN correlations · RSP correlations
