GEN vs RSP: Correlation
Gen Digital (GEN) and Invesco S&P 500 Equal Weight ETF (RSP) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEN and RSP?
On 3 years of weekly data the GEN/RSP correlation comes out at 0.51, moderate. The past 12 months show a weaker link (0.38) than the 3-year average (0.51). The 5-year figure is 0.51, and annualized covariance runs at 211.7 %².
Among the 36 assets we track against GEN, RSP ranks #7 by 3-year correlation. The last year tells two different stories: RSP led by 18.0 percentage points, +1.2% for GEN against +19.2% for RSP. The rolling one-year correlation moved between 0.41 and 0.69 over the past three years, a moderate range. Note the risk asymmetry: GEN runs 2.4 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.
GEN vs RSP: side by side
| GEN (Gen Digital) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +1.2% | +19.2% |
| 5-year return | +26.3% | +53.9% |
| Volatility (ann.) | 31.7% | 13.2% |
| Beta vs S&P 500 | 1.02 | 0.77 |
| Max drawdown (3Y) | -43.6% | -17.8% |
| Market cap | $18.3B | – |
| P/E (trailing) | 17.3 | – |
| Dividend yield | 1.69% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | Information Technology | 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 | GEN | RSP |
|---|---|---|
| 2022 | -15.8% | -11.6% |
| 2023 | +9.3% | +13.7% |
| 2024 | +22.4% | +12.8% |
| 2025 | +1.1% | +11.2% |
| 2026 | +13.9% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
GEN represents 0.23% of RSP's portfolio, so part of any move in RSP is GEN itself, and the correlation between them is partly mechanical.
Are GEN and RSP good diversifiers for each other?
Only partially. A correlation of 0.51 means GEN 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 GEN and RSP?
As of 2026-08-27, the correlation of weekly returns between GEN and RSP is 0.51 over 3 years, 0.38 over 1 year and 0.51 over 5 years.
Is RSP a good diversifier for GEN?
Only partially. A correlation of 0.51 means GEN 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 0.51 mean?
On the −1 to +1 scale, 0.51 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/gen-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gen-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GEN correlations · RSP correlations
