MA vs RSP: Correlation
Mastercard (MA) and Invesco S&P 500 Equal Weight ETF (RSP) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MA and RSP?
Across a 3-year window, the weekly returns of MA and RSP correlate at 0.60, strong. Lately the two have drifted apart, with the 1-year correlation at 0.46 versus 0.60 over 3 years. Stretching to 5 years gives 0.67, with an annualized covariance of 152.4 %².
Among the 46 assets we track against MA, RSP ranks #11 by 3-year correlation. The last year tells two different stories: RSP led by 18.4 percentage points, +0.8% for MA against +19.2% for RSP. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.32 to 0.84.
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.
MA vs RSP: side by side
| MA (Mastercard) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +0.8% | +19.2% |
| 5-year return | +72.6% | +53.9% |
| Volatility (ann.) | 19.3% | 13.2% |
| Beta vs S&P 500 | 0.77 | 0.77 |
| Max drawdown (3Y) | -20.9% | -17.8% |
| Market cap | $518.4B | – |
| P/E (trailing) | 32.9 | – |
| Dividend yield | 0.56% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | Financials | 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 | MA | RSP |
|---|---|---|
| 2022 | -2.7% | -11.6% |
| 2023 | +23.4% | +13.7% |
| 2024 | +24.2% | +12.8% |
| 2025 | +9.0% | +11.2% |
| 2026 | +4.2% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.23% of RSP is MA itself, so the fund partly moves with the stock by construction.
Are MA and RSP good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MA and RSP?
As of 2026-08-27, the correlation of weekly returns between MA and RSP is 0.60 over 3 years, 0.46 over 1 year and 0.67 over 5 years.
Is RSP a good diversifier for MA?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 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.
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Related comparisons
Hubs: MA correlations · RSP correlations
