CG vs RSP: Correlation
How closely do The Carlyle Group Inc. (CG) and Invesco S&P 500 Equal Weight ETF (RSP) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CG and RSP?
Over the past 3 years, CG and RSP moved with a correlation of 0.72, which is strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.72 over 3. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 347.4 %².
Among the 21 assets we track against CG, RSP ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RSP outperformed by 41.0 percentage points (-21.8% for CG against +19.2% for RSP). Risk is not evenly split, since CG 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.
CG vs RSP: side by side
| CG (The Carlyle Group Inc.) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | -21.8% | +19.2% |
| 5-year return | +18.0% | +53.9% |
| Volatility (ann.) | 36.8% | 13.2% |
| Beta vs S&P 500 | 1.68 | 0.77 |
| Max drawdown (3Y) | -40.4% | -17.8% |
| Market cap | $17.5B | – |
| P/E (trailing) | 50.8 | – |
| Dividend yield | 2.86% | 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 | CG | RSP |
|---|---|---|
| 2022 | -43.8% | -11.6% |
| 2023 | +42.6% | +13.7% |
| 2024 | +28.1% | +12.8% |
| 2025 | +20.2% | +11.2% |
| 2026 | -14.9% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CG and RSP good diversifiers for each other?
To a limited degree. At 0.72 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 CG and RSP?
The CG/RSP correlation stands at 0.72 on a 3-year window (1 year: 0.63, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is RSP a good diversifier for CG?
To a limited degree. At 0.72 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 0.72 mean?
A reading of 0.72 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/cg-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cg-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CG correlations · RSP correlations
