HLT vs RSP: Correlation
How closely do Hilton Worldwide (HLT) and Invesco S&P 500 Equal Weight ETF (RSP) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLT and RSP?
Over the past 3 years, HLT and RSP moved with a correlation of 0.64, which is strong. The past 12 months show a weaker link (0.46) than the 3-year average (0.64). Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 175.2 %².
Within HLT's tracked universe of 40 assets, RSP comes in at #5 by 3-year correlation. Their 12-month results are close: +18.1% for HLT against +19.2% for RSP. The rolling one-year correlation moved between 0.47 and 0.76 over the past three years, a moderate range. Risk is not evenly split, since HLT carries 1.6 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.
HLT vs RSP: side by side
| HLT (Hilton Worldwide) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +18.1% | +19.2% |
| 5-year return | +162.7% | +53.9% |
| Volatility (ann.) | 20.7% | 13.2% |
| Beta vs S&P 500 | 0.85 | 0.77 |
| Max drawdown (3Y) | -26.4% | -17.8% |
| Market cap | $73.3B | – |
| P/E (trailing) | 47.8 | – |
| Dividend yield | 0.18% | 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 | HLT | RSP |
|---|---|---|
| 2022 | -18.7% | -11.6% |
| 2023 | +44.7% | +13.7% |
| 2024 | +36.1% | +12.8% |
| 2025 | +16.5% | +11.2% |
| 2026 | +13.5% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.18% of RSP is HLT itself, so the fund partly moves with the stock by construction.
Are HLT and RSP good diversifiers for each other?
Only partially. A correlation of 0.64 means HLT 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 HLT and RSP?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.46 over the last year and 0.68 over 5 years.
Is RSP a good diversifier for HLT?
Only partially. A correlation of 0.64 means HLT 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 0.64 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/hlt-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hlt-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HLT correlations · RSP correlations
