HGV vs RSP: Correlation
Measured on weekly returns over the past three years, Hilton Grand Vacations Inc. (HGV) and Invesco S&P 500 Equal Weight ETF (RSP) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HGV and RSP?
On 3 years of weekly data the HGV/RSP correlation comes out at 0.67, strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. The 5-year figure is 0.68, and annualized covariance runs at 323.1 %².
By 3-year correlation, RSP places #5 of the 37 assets tracked against HGV. Correlation aside, the last 12 months split them widely, with RSP ahead by 26.4 points (-7.2% versus +19.2%). Risk is not evenly split, since HGV carries 2.8 times the volatility of the other side.
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.
HGV vs RSP: side by side
| HGV (Hilton Grand Vacations Inc.) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | -7.2% | +19.2% |
| 5-year return | +1.7% | +53.9% |
| Volatility (ann.) | 36.3% | 13.2% |
| Beta vs S&P 500 | 1.38 | 0.77 |
| Max drawdown (3Y) | -34.6% | -17.8% |
| Market cap | $3.4B | – |
| P/E (trailing) | 25.6 | – |
| Dividend yield | 0.00% | 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 | HGV | RSP |
|---|---|---|
| 2022 | -26.0% | -11.6% |
| 2023 | +4.3% | +13.7% |
| 2024 | -3.1% | +12.8% |
| 2025 | +14.9% | +11.2% |
| 2026 | -2.1% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HGV and RSP good diversifiers for each other?
Only partially. A correlation of 0.67 means HGV 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 HGV and RSP?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.69 over the last year and 0.68 over 5 years.
Is RSP a good diversifier for HGV?
Only partially. A correlation of 0.67 means HGV 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 0.67 mean?
On the −1 to +1 scale, 0.67 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/hgv-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hgv-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HGV correlations · RSP correlations
