F vs RSP: Correlation
How closely do Ford Motor Company (F) and Invesco S&P 500 Equal Weight ETF (RSP) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are F and RSP?
On 3 years of weekly data the F/RSP correlation comes out at 0.51, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.51 over 3. The 5-year figure is 0.61, and annualized covariance runs at 243.3 %².
Among the 35 assets we track against F, RSP ranks #4 by 3-year correlation. Twelve-month performance is nearly a tie, at +22.6% for F and +19.2% for RSP. Across three years, the rolling one-year figure varied moderately, from 0.39 to 0.74. Note the risk asymmetry: F runs 2.7 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.
F vs RSP: side by side
| F (Ford Motor Company) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +22.6% | +19.2% |
| 5-year return | +45.8% | +53.9% |
| Volatility (ann.) | 36.1% | 13.2% |
| Beta vs S&P 500 | 1.06 | 0.77 |
| Max drawdown (3Y) | -36.5% | -17.8% |
| Market cap | $55.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.32% | 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 | F | RSP |
|---|---|---|
| 2022 | -42.2% | -11.6% |
| 2023 | +15.8% | +13.7% |
| 2024 | -13.1% | +12.8% |
| 2025 | +42.3% | +11.2% |
| 2026 | +10.0% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
F represents 0.18% of RSP's portfolio, so part of any move in RSP is F itself, and the correlation between them is partly mechanical.
Are F and RSP good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between F and RSP?
As of 2026-08-27, the correlation of weekly returns between F and RSP is 0.51 over 3 years, 0.51 over 1 year and 0.61 over 5 years.
Is RSP a good diversifier for F?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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/f-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/f-vs-rsp/)
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Related comparisons
Hubs: F correlations · RSP correlations
