DRI vs RSP: Correlation
Darden Restaurants (DRI) and Invesco S&P 500 Equal Weight ETF (RSP) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRI and RSP?
Across a 3-year window, the weekly returns of DRI and RSP correlate at 0.43, moderate. The past 12 months show a tighter link (0.53) than the 3-year average (0.43). Stretching to 5 years gives 0.51, with an annualized covariance of 142.8 %².
Within DRI's tracked universe of 34 assets, RSP comes in at #13 by 3-year correlation. Over the last 12 months RSP came out ahead by 13.6 percentage points (+5.6% against +19.2%). On a rolling one-year basis the correlation drifted between 0.24 and 0.60, a moderate band. Note the risk asymmetry: DRI runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DRI vs RSP: side by side
| DRI (Darden Restaurants) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +5.6% | +19.2% |
| 5-year return | +66.1% | +53.9% |
| Volatility (ann.) | 25.2% | 13.2% |
| Beta vs S&P 500 | 0.52 | 0.77 |
| Max drawdown (3Y) | -23.9% | -17.8% |
| Market cap | $24.0B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 2.74% | 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 | DRI | RSP |
|---|---|---|
| 2022 | -4.8% | -11.6% |
| 2023 | +22.8% | +13.7% |
| 2024 | +17.7% | +12.8% |
| 2025 | +1.6% | +11.2% |
| 2026 | +17.4% | +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 DRI at a 0.2% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are DRI and RSP good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DRI and RSP?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.53 over the last year and 0.51 over 5 years.
Is RSP a good diversifier for DRI?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/dri-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dri-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DRI correlations · RSP correlations
