CACC vs RSP: Correlation
How closely do Credit Acceptance Corporation (CACC) and Invesco S&P 500 Equal Weight ETF (RSP) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CACC and RSP?
On 3 years of weekly data the CACC/RSP correlation comes out at 0.59, moderate. The past 12 months show a weaker link (0.42) than the 3-year average (0.59). The 5-year figure is 0.60, and annualized covariance runs at 288.6 %².
By 3-year correlation, RSP places #4 of the 10 assets tracked against CACC. Neither side won the trailing year by much: +17.7% against +19.2%. Risk is not evenly split, since CACC carries 2.8 times the volatility of the other side.
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.
CACC vs RSP: side by side
| CACC (Credit Acceptance Corporation) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +17.7% | +19.2% |
| 5-year return | +4.2% | +53.9% |
| Volatility (ann.) | 36.8% | 13.2% |
| Beta vs S&P 500 | 1.30 | 0.77 |
| Max drawdown (3Y) | -32.7% | -17.8% |
| Market cap | $6.2B | – |
| P/E (trailing) | 13.1 | – |
| Dividend yield | 0.00% | 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 | CACC | RSP |
|---|---|---|
| 2022 | -31.0% | -11.6% |
| 2023 | +12.3% | +13.7% |
| 2024 | -11.9% | +12.8% |
| 2025 | -5.5% | +11.2% |
| 2026 | +35.4% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CACC and RSP good diversifiers for each other?
To a limited degree. At 0.59 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 CACC and RSP?
As of 2026-08-27, the correlation of weekly returns between CACC and RSP is 0.59 over 3 years, 0.42 over 1 year and 0.60 over 5 years.
Is RSP a good diversifier for CACC?
To a limited degree. At 0.59 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 0.59 mean?
On the −1 to +1 scale, 0.59 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/cacc-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cacc-vs-rsp/)
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Related comparisons
Hubs: CACC correlations · RSP correlations
