GOLF vs RSP: Correlation
Measured on weekly returns over the past three years, Acushnet Holdings Corp. (GOLF) and Invesco S&P 500 Equal Weight ETF (RSP) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOLF and RSP?
Over the past 3 years, GOLF and RSP moved with a correlation of 0.58, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.58 over 3 years. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 224.1 %².
Among the 13 assets we track against GOLF, RSP ranks #5 by 3-year correlation. Over the last 12 months RSP came out ahead by 9.1 percentage points (+10.1% against +19.2%). One caveat on sizing: GOLF is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GOLF vs RSP: side by side
| GOLF (Acushnet Holdings Corp.) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +10.1% | +19.2% |
| 5-year return | +77.9% | +53.9% |
| Volatility (ann.) | 29.1% | 13.2% |
| Beta vs S&P 500 | 0.77 | 0.77 |
| Max drawdown (3Y) | -28.3% | -17.8% |
| Market cap | $5.0B | – |
| P/E (trailing) | 23.6 | – |
| Dividend yield | 1.13% | 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 | GOLF | RSP |
|---|---|---|
| 2022 | -18.7% | -11.6% |
| 2023 | +51.0% | +13.7% |
| 2024 | +14.0% | +12.8% |
| 2025 | +13.7% | +11.2% |
| 2026 | +7.0% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOLF and RSP good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GOLF and RSP?
As of 2026-08-27, the correlation of weekly returns between GOLF and RSP is 0.58 over 3 years, 0.41 over 1 year and 0.56 over 5 years.
Is RSP a good diversifier for GOLF?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 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
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[](https://www.pairbook.io/pair/golf-vs-rsp/)
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Related comparisons
Hubs: GOLF correlations · RSP correlations
