ITRN vs RSP: Correlation
Ituran Location and Control Ltd. (ITRN) and Invesco S&P 500 Equal Weight ETF (RSP) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITRN and RSP?
Over the past 3 years, ITRN and RSP moved with a correlation of 0.48, which is moderate. The link has loosened recently: the 1-year correlation (0.34) runs below the 3-year figure (0.48). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 183.8 %².
Within ITRN's tracked universe of 11 assets, RSP comes in at #4 by 3-year correlation. The last year tells two different stories: ITRN led by 33.1 percentage points, +52.3% for ITRN against +19.2% for RSP. One caveat on sizing: ITRN 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.
ITRN vs RSP: side by side
| ITRN (Ituran Location and Control Ltd.) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +52.3% | +19.2% |
| 5-year return | +146.4% | +53.9% |
| Volatility (ann.) | 29.1% | 13.2% |
| Beta vs S&P 500 | 0.84 | 0.77 |
| Max drawdown (3Y) | -26.8% | -17.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | 16.1 | – |
| 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 | ITRN | RSP |
|---|---|---|
| 2022 | -18.8% | -11.6% |
| 2023 | +32.5% | +13.7% |
| 2024 | +21.0% | +12.8% |
| 2025 | +45.6% | +11.2% |
| 2026 | +25.4% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITRN and RSP good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ITRN and RSP?
As of 2026-08-27, the correlation of weekly returns between ITRN and RSP is 0.48 over 3 years, 0.34 over 1 year and 0.46 over 5 years.
Is RSP a good diversifier for ITRN?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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/itrn-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/itrn-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ITRN correlations · RSP correlations
