FUND vs RSP: Correlation
How closely do Sprott Focus Trust, Inc. - Closed End Fund (FUND) and Invesco S&P 500 Equal Weight ETF (RSP) trade together? Their weekly returns over three years give a correlation of 0.79, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUND and RSP?
On 3 years of weekly data the FUND/RSP correlation comes out at 0.79, strong. Lately the two have drifted apart, with the 1-year correlation at 0.61 versus 0.79 over 3 years. The 5-year figure is 0.83, and annualized covariance runs at 186.1 %².
In FUND's tracked universe of 32 assets, RSP sits right near the top at #2. Correlation aside, the last 12 months split them widely, with FUND ahead by 19.9 points (+39.1% versus +19.2%).
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.
FUND vs RSP: side by side
| FUND (Sprott Focus Trust, Inc. - Closed End Fund) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +39.1% | +19.2% |
| 5-year return | +83.0% | +53.9% |
| Volatility (ann.) | 17.9% | 13.2% |
| Beta vs S&P 500 | 0.77 | 0.77 |
| Max drawdown (3Y) | -18.2% | -17.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 5.8 | – |
| Dividend yield | 5.36% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | US Listed | 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 | FUND | RSP |
|---|---|---|
| 2022 | -1.2% | -11.6% |
| 2023 | +6.9% | +13.7% |
| 2024 | -1.0% | +12.8% |
| 2025 | +27.5% | +11.2% |
| 2026 | +26.8% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUND and RSP good diversifiers for each other?
Only partially. A correlation of 0.79 means FUND and RSP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FUND and RSP?
As of 2026-08-27, the correlation of weekly returns between FUND and RSP is 0.79 over 3 years, 0.61 over 1 year and 0.83 over 5 years.
Is RSP a good diversifier for FUND?
Only partially. A correlation of 0.79 means FUND and RSP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.79 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/fund-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fund-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FUND correlations · RSP correlations
