IPAR vs RSP: Correlation
Interparfums, Inc. (IPAR) and Invesco S&P 500 Equal Weight ETF (RSP) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPAR and RSP?
Over the past 3 years, IPAR and RSP moved with a correlation of 0.54, which is moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.54 over 3. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 227.0 %².
Within IPAR's tracked universe of 13 assets, RSP comes in at #5 by 3-year correlation. Over the last 12 months RSP came out ahead by 14.7 percentage points (+4.5% against +19.2%). One caveat on sizing: IPAR 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.
IPAR vs RSP: side by side
| IPAR (Interparfums, Inc.) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +4.5% | +19.2% |
| 5-year return | +80.2% | +53.9% |
| Volatility (ann.) | 32.0% | 13.2% |
| Beta vs S&P 500 | 0.75 | 0.77 |
| Max drawdown (3Y) | -46.4% | -17.8% |
| Market cap | $3.8B | – |
| P/E (trailing) | 22.4 | – |
| Dividend yield | 2.74% | 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 | IPAR | RSP |
|---|---|---|
| 2022 | -7.4% | -11.6% |
| 2023 | +52.0% | +13.7% |
| 2024 | -6.5% | +12.8% |
| 2025 | -33.6% | +11.2% |
| 2026 | +40.6% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPAR and RSP good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IPAR and RSP?
As of 2026-08-27, the correlation of weekly returns between IPAR and RSP is 0.54 over 3 years, 0.51 over 1 year and 0.50 over 5 years.
Is RSP a good diversifier for IPAR?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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/ipar-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ipar-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IPAR correlations · RSP correlations
