DIS vs RSP: Correlation
Walt Disney Company (The) (DIS) and Invesco S&P 500 Equal Weight ETF (RSP) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIS and RSP?
Over the past 3 years, DIS and RSP moved with a correlation of 0.49, which is moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 177.3 %².
By 3-year correlation, RSP places #15 of the 37 assets tracked against DIS. Their recent paths diverged sharply: over the last 12 months RSP outperformed by 27.4 percentage points (-8.2% for DIS against +19.2% for RSP). This link changes with the market regime, having swung between 0.16 and 0.69 on a rolling one-year basis. One caveat on sizing: DIS is 2.1 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.
DIS vs RSP: side by side
| DIS (Walt Disney Company (The)) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | -8.2% | +19.2% |
| 5-year return | -38.8% | +53.9% |
| Volatility (ann.) | 27.7% | 13.2% |
| Beta vs S&P 500 | 0.96 | 0.77 |
| Max drawdown (3Y) | -32.9% | -17.8% |
| Market cap | $184.4B | – |
| P/E (trailing) | 22.6 | – |
| Dividend yield | 1.37% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | Communication Services | 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 | DIS | RSP |
|---|---|---|
| 2022 | -43.9% | -11.6% |
| 2023 | +4.3% | +13.7% |
| 2024 | +24.4% | +12.8% |
| 2025 | +3.3% | +11.2% |
| 2026 | -5.4% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.21% of RSP is DIS itself, so the fund partly moves with the stock by construction.
Are DIS and RSP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DIS and RSP?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.50 over the last year and 0.60 over 5 years.
Is RSP a good diversifier for DIS?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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/dis-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dis-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DIS correlations · RSP correlations
