DE vs RSP: Correlation
How closely do Deere & Company (DE) and Invesco S&P 500 Equal Weight ETF (RSP) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DE and RSP?
On 3 years of weekly data the DE/RSP correlation comes out at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.25 versus 0.52 over 3 years. The 5-year figure is 0.55, and annualized covariance runs at 183.0 %².
By 3-year correlation, RSP places #16 of the 33 assets tracked against DE. The trailing year gives DE the advantage: +27.9% versus +19.2%, a 8.7-point spread. The rolling one-year correlation moved between 0.27 and 0.72 over the past three years, a moderate range. One caveat on sizing: DE is 2.0 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.
DE vs RSP: side by side
| DE (Deere & Company) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +27.9% | +19.2% |
| 5-year return | +74.5% | +53.9% |
| Volatility (ann.) | 26.7% | 13.2% |
| Beta vs S&P 500 | 0.65 | 0.77 |
| Max drawdown (3Y) | -19.9% | -17.8% |
| Market cap | $168.1B | – |
| P/E (trailing) | 35.2 | – |
| Dividend yield | 1.02% | 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 | DE | RSP |
|---|---|---|
| 2022 | +26.6% | -11.6% |
| 2023 | -5.5% | +13.7% |
| 2024 | +7.6% | +12.8% |
| 2025 | +11.4% | +11.2% |
| 2026 | +34.5% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that RSP holds DE at a 0.21% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are DE 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 DE and RSP?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.25 over the last year and 0.55 over 5 years.
Is RSP a good diversifier for DE?
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?
On the −1 to +1 scale, 0.52 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/de-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/de-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DE correlations · RSP correlations
