J vs RSP: Correlation
Measured on weekly returns over the past three years, Jacobs Solutions (J) and Invesco S&P 500 Equal Weight ETF (RSP) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are J and RSP?
Across a 3-year window, the weekly returns of J and RSP correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 173.1 %².
Within J's tracked universe of 34 assets, RSP comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RSP outperformed by 16.6 percentage points (+2.6% for J against +19.2% for RSP). This link changes with the market regime, having swung between 0.27 and 0.78 on a rolling one-year basis. Note the risk asymmetry: J runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
J vs RSP: side by side
| J (Jacobs Solutions) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +2.6% | +19.2% |
| 5-year return | +40.5% | +53.9% |
| Volatility (ann.) | 25.7% | 13.2% |
| Beta vs S&P 500 | 0.77 | 0.77 |
| Max drawdown (3Y) | -34.4% | -17.8% |
| Market cap | $17.6B | – |
| P/E (trailing) | 49.9 | – |
| Dividend yield | 0.90% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | Industrials | 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 | J | RSP |
|---|---|---|
| 2022 | -13.1% | -11.6% |
| 2023 | +9.0% | +13.7% |
| 2024 | +24.2% | +12.8% |
| 2025 | +1.1% | +11.2% |
| 2026 | +14.6% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
J represents 0.23% of RSP's portfolio, so part of any move in RSP is J itself, and the correlation between them is partly mechanical.
Are J and RSP good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between J and RSP?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.49 over the last year and 0.60 over 5 years.
Is RSP a good diversifier for J?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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/j-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/j-vs-rsp/)
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Related comparisons
Hubs: J correlations · RSP correlations
