CPRT vs RSP: Correlation
Copart (CPRT) and Invesco S&P 500 Equal Weight ETF (RSP) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPRT and RSP?
Over the past 3 years, CPRT and RSP moved with a correlation of 0.52, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.52 over 3 years. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 177.6 %².
Within CPRT's tracked universe of 35 assets, RSP comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RSP ahead by 51.8 points (-32.6% versus +19.2%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.46 and 0.68. Note the risk asymmetry: CPRT runs 2.0 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.
CPRT vs RSP: side by side
| CPRT (Copart) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | -32.6% | +19.2% |
| 5-year return | -9.3% | +53.9% |
| Volatility (ann.) | 26.0% | 13.2% |
| Beta vs S&P 500 | 0.86 | 0.77 |
| Max drawdown (3Y) | -57.4% | -17.8% |
| Market cap | $30.3B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 0.00% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | Industrials | 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 | CPRT | RSP |
|---|---|---|
| 2022 | -19.7% | -11.6% |
| 2023 | +60.9% | +13.7% |
| 2024 | +17.1% | +12.8% |
| 2025 | -31.8% | +11.2% |
| 2026 | -16.3% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.19% of RSP is CPRT itself, so the fund partly moves with the stock by construction.
Are CPRT and RSP good diversifiers for each other?
To a limited degree. At 0.52 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 CPRT and RSP?
As of 2026-08-27, the correlation of weekly returns between CPRT and RSP is 0.52 over 3 years, 0.41 over 1 year and 0.59 over 5 years.
Is RSP a good diversifier for CPRT?
To a limited degree. At 0.52 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 0.52 mean?
A reading of 0.52 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/cprt-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cprt-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPRT correlations · RSP correlations
