EMR vs RSP: Correlation
Measured on weekly returns over the past three years, Emerson Electric (EMR) and Invesco S&P 500 Equal Weight ETF (RSP) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMR and RSP?
On 3 years of weekly data the EMR/RSP correlation comes out at 0.71, strong. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. The 5-year figure is 0.71, and annualized covariance runs at 266.2 %².
Among the 47 assets we track against EMR, RSP ranks #5 by 3-year correlation. Neither side won the trailing year by much: +20.0% against +19.2%. Across three years, the rolling one-year figure varied moderately, from 0.54 to 0.85. Risk is not evenly split, since EMR carries 2.1 times the volatility of the other side.
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.
EMR vs RSP: side by side
| EMR (Emerson Electric) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +20.0% | +19.2% |
| 5-year return | +65.4% | +53.9% |
| Volatility (ann.) | 28.3% | 13.2% |
| Beta vs S&P 500 | 1.29 | 0.77 |
| Max drawdown (3Y) | -29.6% | -17.8% |
| Market cap | $88.0B | – |
| P/E (trailing) | 34.5 | – |
| Dividend yield | 1.39% | 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 | EMR | RSP |
|---|---|---|
| 2022 | +5.7% | -11.6% |
| 2023 | +3.8% | +13.7% |
| 2024 | +29.7% | +12.8% |
| 2025 | +8.9% | +11.2% |
| 2026 | +20.2% | +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 EMR at a 0.22% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are EMR and RSP good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EMR and RSP?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.62 over the last year and 0.71 over 5 years.
Is RSP a good diversifier for EMR?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 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/emr-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/emr-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EMR correlations · RSP correlations
