DBRG vs RSP: Correlation
DigitalBridge Group, Inc. (DBRG) and Invesco S&P 500 Equal Weight ETF (RSP) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBRG and RSP?
Over the past 3 years, DBRG and RSP moved with a correlation of 0.44, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.44 over 3 years. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 311.7 %².
By 3-year correlation, RSP places #4 of the 14 assets tracked against DBRG. The last year tells two different stories: DBRG led by 20.7 percentage points, +39.9% for DBRG against +19.2% for RSP. One caveat on sizing: DBRG is 4.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DBRG vs RSP: side by side
| DBRG (DigitalBridge Group, Inc.) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +39.9% | +19.2% |
| 5-year return | -41.3% | +53.9% |
| Volatility (ann.) | 53.7% | 13.2% |
| Beta vs S&P 500 | 1.50 | 0.77 |
| Max drawdown (3Y) | -67.0% | -17.8% |
| Market cap | $3.0B | – |
| P/E (trailing) | 10.0 | – |
| Dividend yield | 0.25% | 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 | DBRG | RSP |
|---|---|---|
| 2022 | -67.1% | -11.6% |
| 2023 | +60.8% | +13.7% |
| 2024 | -35.5% | +12.8% |
| 2025 | +36.5% | +11.2% |
| 2026 | +4.2% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBRG and RSP good diversifiers for each other?
Reasonably. At 0.44, DBRG and RSP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DBRG and RSP?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.16 over the last year and 0.54 over 5 years.
Is RSP a good diversifier for DBRG?
Reasonably. At 0.44, DBRG and RSP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dbrg-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dbrg-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DBRG correlations · RSP correlations
