DPZ vs RSP: Correlation
How closely do Domino's (DPZ) and Invesco S&P 500 Equal Weight ETF (RSP) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPZ and RSP?
Across a 3-year window, the weekly returns of DPZ and RSP correlate at 0.41, moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.41 over 3. Stretching to 5 years gives 0.46, with an annualized covariance of 150.0 %².
Among the 31 assets we track against DPZ, RSP ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RSP ahead by 44.4 points (-25.2% versus +19.2%). Across three years, the rolling one-year figure varied moderately, from 0.22 to 0.62. One caveat on sizing: DPZ 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.
DPZ vs RSP: side by side
| DPZ (Domino's) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | -25.2% | +19.2% |
| 5-year return | -31.2% | +53.9% |
| Volatility (ann.) | 27.8% | 13.2% |
| Beta vs S&P 500 | 0.67 | 0.77 |
| Max drawdown (3Y) | -45.1% | -17.8% |
| Market cap | $11.0B | – |
| P/E (trailing) | 19.5 | – |
| Dividend yield | 2.17% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | Consumer Discretionary | 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 | DPZ | RSP |
|---|---|---|
| 2022 | -37.9% | -11.6% |
| 2023 | +20.7% | +13.7% |
| 2024 | +3.2% | +12.8% |
| 2025 | +0.9% | +11.2% |
| 2026 | -19.4% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
DPZ represents 0.2% of RSP's portfolio, so part of any move in RSP is DPZ itself, and the correlation between them is partly mechanical.
Are DPZ and RSP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DPZ and RSP?
The DPZ/RSP correlation stands at 0.41 on a 3-year window (1 year: 0.32, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is RSP a good diversifier for DPZ?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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/dpz-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dpz-vs-rsp/)
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Related comparisons
Hubs: DPZ correlations · RSP correlations
