IFF vs RSP: Correlation
Measured on weekly returns over the past three years, International Flavors & Fragrances (IFF) and Invesco S&P 500 Equal Weight ETF (RSP) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IFF and RSP?
Over the past 3 years, IFF and RSP moved with a correlation of 0.50, which is moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.50 over 3. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 195.0 %².
Among the 32 assets we track against IFF, RSP ranks #15 by 3-year correlation. On 12-month performance IFF holds a 14.0-point edge, +33.2% against +19.2%. Across three years, the rolling one-year figure varied moderately, from 0.37 to 0.64. One caveat on sizing: IFF 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.
IFF vs RSP: side by side
| IFF (International Flavors & Fragrances) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +33.2% | +19.2% |
| 5-year return | -34.3% | +53.9% |
| Volatility (ann.) | 29.5% | 13.2% |
| Beta vs S&P 500 | 0.69 | 0.77 |
| Max drawdown (3Y) | -42.6% | -17.8% |
| Market cap | $22.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.84% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | Materials | 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 | IFF | RSP |
|---|---|---|
| 2022 | -28.3% | -11.6% |
| 2023 | -19.5% | +13.7% |
| 2024 | +6.3% | +12.8% |
| 2025 | -18.4% | +11.2% |
| 2026 | +30.3% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
IFF represents 0.22% of RSP's portfolio, so part of any move in RSP is IFF itself, and the correlation between them is partly mechanical.
Are IFF and RSP good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IFF and RSP?
As of 2026-08-27, the correlation of weekly returns between IFF and RSP is 0.50 over 3 years, 0.58 over 1 year and 0.57 over 5 years.
Is RSP a good diversifier for IFF?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/iff-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/iff-vs-rsp/)
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Related comparisons
Hubs: IFF correlations · RSP correlations
