HZO vs RSP: Correlation
Measured on weekly returns over the past three years, MarineMax, Inc. (FL) (HZO) and Invesco S&P 500 Equal Weight ETF (RSP) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HZO and RSP?
Across a 3-year window, the weekly returns of HZO and RSP correlate at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 426.8 %².
By 3-year correlation, RSP places #5 of the 16 assets tracked against HZO. The last year tells two different stories: HZO led by 67.6 percentage points, +86.8% for HZO against +19.2% for RSP. One caveat on sizing: HZO is 4.3 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.
HZO vs RSP: side by side
| HZO (MarineMax, Inc. (FL)) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +86.8% | +19.2% |
| 5-year return | +5.1% | +53.9% |
| Volatility (ann.) | 57.2% | 13.2% |
| Beta vs S&P 500 | 1.70 | 0.77 |
| Max drawdown (3Y) | -55.0% | -17.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | 326.2 | – |
| 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 | HZO | RSP |
|---|---|---|
| 2022 | -47.1% | -11.6% |
| 2023 | +24.6% | +13.7% |
| 2024 | -25.6% | +12.8% |
| 2025 | -16.3% | +11.2% |
| 2026 | +115.4% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HZO and RSP good diversifiers for each other?
Only partially. A correlation of 0.57 means HZO 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 HZO and RSP?
As of 2026-08-27, the correlation of weekly returns between HZO and RSP is 0.57 over 3 years, 0.50 over 1 year and 0.52 over 5 years.
Is RSP a good diversifier for HZO?
Only partially. A correlation of 0.57 means HZO 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 0.57 mean?
A reading of 0.57 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/hzo-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hzo-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HZO correlations · RSP correlations
