CZR vs RSP: Correlation
Measured on weekly returns over the past three years, Caesars Entertainment, Inc. (CZR) and Invesco S&P 500 Equal Weight ETF (RSP) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CZR and RSP?
On 3 years of weekly data the CZR/RSP correlation comes out at 0.57, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.32 versus 0.57 over 3 years. The 5-year figure is 0.70, and annualized covariance runs at 312.1 %².
RSP is one of the assets that tracks CZR most closely: it ranks #3 out of the 13 assets we track against CZR. Over the last 12 months RSP came out ahead by 9.3 percentage points (+9.9% against +19.2%). Risk is not evenly split, since CZR carries 3.2 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.
CZR vs RSP: side by side
| CZR (Caesars Entertainment, Inc.) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +9.9% | +19.2% |
| 5-year return | -71.0% | +53.9% |
| Volatility (ann.) | 41.8% | 13.2% |
| Beta vs S&P 500 | 1.43 | 0.77 |
| Max drawdown (3Y) | -67.5% | -17.8% |
| Market cap | $6.0B | – |
| P/E (trailing) | – | – |
| 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 | CZR | RSP |
|---|---|---|
| 2022 | -55.5% | -11.6% |
| 2023 | +12.7% | +13.7% |
| 2024 | -28.7% | +12.8% |
| 2025 | -30.0% | +11.2% |
| 2026 | +26.7% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CZR and RSP good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CZR and RSP?
As of 2026-08-27, the correlation of weekly returns between CZR and RSP is 0.57 over 3 years, 0.32 over 1 year and 0.70 over 5 years.
Is RSP a good diversifier for CZR?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/czr-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/czr-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CZR correlations · RSP correlations
