LOVE vs RSP: Correlation
The Lovesac Company (LOVE) and Invesco S&P 500 Equal Weight ETF (RSP) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOVE and RSP?
On 3 years of weekly data the LOVE/RSP correlation comes out at 0.59, moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. The 5-year figure is 0.58, and annualized covariance runs at 495.6 %².
In LOVE's tracked universe of 11 assets, RSP sits right near the top at #3. The last year tells two different stories: RSP led by 34.4 percentage points, -15.2% for LOVE against +19.2% for RSP. One caveat on sizing: LOVE is 4.8 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.
LOVE vs RSP: side by side
| LOVE (The Lovesac Company) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | -15.2% | +19.2% |
| 5-year return | -71.8% | +53.9% |
| Volatility (ann.) | 64.0% | 13.2% |
| Beta vs S&P 500 | 1.85 | 0.77 |
| Max drawdown (3Y) | -72.7% | -17.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 64.3 | – |
| 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 | LOVE | RSP |
|---|---|---|
| 2022 | -66.8% | -11.6% |
| 2023 | +16.1% | +13.7% |
| 2024 | -7.4% | +12.8% |
| 2025 | -37.7% | +11.2% |
| 2026 | +8.9% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOVE and RSP good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LOVE and RSP?
The LOVE/RSP correlation stands at 0.59 on a 3-year window (1 year: 0.54, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is RSP a good diversifier for LOVE?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/love-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/love-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LOVE correlations · RSP correlations
