HAS vs RSP: Correlation
How closely do Hasbro (HAS) and Invesco S&P 500 Equal Weight ETF (RSP) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAS and RSP?
On 3 years of weekly data the HAS/RSP correlation comes out at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.36 versus 0.50 over 3 years. The 5-year figure is 0.50, and annualized covariance runs at 207.9 %².
By 3-year correlation, RSP places #6 of the 36 assets tracked against HAS. Neither side won the trailing year by much: +19.2% against +19.2%. The rolling one-year correlation moved between 0.36 and 0.65 over the past three years, a moderate range. One caveat on sizing: HAS is 2.4 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.
HAS vs RSP: side by side
| HAS (Hasbro) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +19.2% | +19.2% |
| 5-year return | +17.1% | +53.9% |
| Volatility (ann.) | 31.7% | 13.2% |
| Beta vs S&P 500 | 0.86 | 0.77 |
| Max drawdown (3Y) | -40.3% | -17.8% |
| Market cap | $13.3B | – |
| P/E (trailing) | 17.1 | – |
| Dividend yield | 2.91% | 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 | HAS | RSP |
|---|---|---|
| 2022 | -37.9% | -11.6% |
| 2023 | -11.9% | +13.7% |
| 2024 | +14.8% | +12.8% |
| 2025 | +52.5% | +11.2% |
| 2026 | +17.5% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.22% of RSP is HAS itself, so the fund partly moves with the stock by construction.
Are HAS and RSP good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HAS and RSP?
As of 2026-08-27, the correlation of weekly returns between HAS and RSP is 0.50 over 3 years, 0.36 over 1 year and 0.50 over 5 years.
Is RSP a good diversifier for HAS?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
A reading of 0.50 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/has-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/has-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HAS correlations · RSP correlations
