JETS vs RSP: Correlation
US Global Jets ETF (JETS) and Invesco S&P 500 Equal Weight ETF (RSP) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JETS and RSP?
On 3 years of weekly data the JETS/RSP correlation comes out at 0.68, strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. The 5-year figure is 0.69, and annualized covariance runs at 261.2 %².
Among the 54 assets we track against JETS, RSP ranks #16 by 3-year correlation. On 12-month performance RSP holds a 6.0-point edge, +13.2% against +19.2%. Across three years, the rolling one-year figure varied moderately, from 0.42 to 0.83. Risk is not evenly split, since JETS carries 2.2 times the volatility of the other side.
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.
JETS vs RSP: side by side
| JETS (US Global Jets ETF) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +13.2% | +19.2% |
| 5-year return | +30.9% | +53.9% |
| Volatility (ann.) | 29.2% | 13.2% |
| Beta vs S&P 500 | 1.16 | 0.77 |
| Max drawdown (3Y) | -35.2% | -17.8% |
| Dividend yield | – | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | ETF · Thematic | 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 | JETS | RSP |
|---|---|---|
| 2022 | -19.0% | -11.6% |
| 2023 | +11.4% | +13.7% |
| 2024 | +33.2% | +12.8% |
| 2025 | +11.6% | +11.2% |
| 2026 | +4.6% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JETS and RSP good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JETS and RSP?
As of 2026-08-27, the correlation of weekly returns between JETS and RSP is 0.68 over 3 years, 0.69 over 1 year and 0.69 over 5 years.
Is RSP a good diversifier for JETS?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 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/jets-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jets-vs-rsp/)
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Related comparisons
Hubs: JETS correlations · RSP correlations
