BX vs RSP: Correlation
Measured on weekly returns over the past three years, Blackstone Inc. (BX) and Invesco S&P 500 Equal Weight ETF (RSP) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BX and RSP?
Across a 3-year window, the weekly returns of BX and RSP correlate at 0.65, strong. Lately the two have drifted apart, with the 1-year correlation at 0.44 versus 0.65 over 3 years. Stretching to 5 years gives 0.70, with an annualized covariance of 292.4 %².
Within BX's tracked universe of 35 assets, RSP comes in at #13 by 3-year correlation. The last year tells two different stories: RSP led by 32.1 percentage points, -12.9% for BX against +19.2% for RSP. On a rolling one-year basis the correlation drifted between 0.43 and 0.84, a moderate band. Note the risk asymmetry: BX runs 2.6 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.
BX vs RSP: side by side
| BX (Blackstone Inc.) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | -12.9% | +19.2% |
| 5-year return | +37.5% | +53.9% |
| Volatility (ann.) | 34.0% | 13.2% |
| Beta vs S&P 500 | 1.36 | 0.77 |
| Max drawdown (3Y) | -46.5% | -17.8% |
| Market cap | $171.7B | – |
| P/E (trailing) | 32.1 | – |
| Dividend yield | 3.65% | 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 | BX | RSP |
|---|---|---|
| 2022 | -40.0% | -11.6% |
| 2023 | +82.7% | +13.7% |
| 2024 | +35.1% | +12.8% |
| 2025 | -7.8% | +11.2% |
| 2026 | -3.9% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.22% of RSP is BX itself, so the fund partly moves with the stock by construction.
Are BX and RSP good diversifiers for each other?
To a limited degree. At 0.65 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 BX and RSP?
As of 2026-08-27, the correlation of weekly returns between BX and RSP is 0.65 over 3 years, 0.44 over 1 year and 0.70 over 5 years.
Is RSP a good diversifier for BX?
To a limited degree. At 0.65 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 0.65 mean?
On the −1 to +1 scale, 0.65 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/bx-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bx-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BX correlations · RSP correlations
