MET vs RSP: Correlation
Measured on weekly returns over the past three years, MetLife (MET) and Invesco S&P 500 Equal Weight ETF (RSP) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MET and RSP?
Across a 3-year window, the weekly returns of MET and RSP correlate at 0.67, strong. The past 12 months show a weaker link (0.38) than the 3-year average (0.67). Stretching to 5 years gives 0.68, with an annualized covariance of 205.9 %².
By 3-year correlation, RSP places #15 of the 37 assets tracked against MET. Neither side won the trailing year by much: +22.1% against +19.2%. Across three years, the rolling one-year figure varied moderately, from 0.40 to 0.84. Note the risk asymmetry: MET runs 1.8 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.
MET vs RSP: side by side
| MET (MetLife) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +22.1% | +19.2% |
| 5-year return | +80.8% | +53.9% |
| Volatility (ann.) | 23.3% | 13.2% |
| Beta vs S&P 500 | 0.89 | 0.77 |
| Max drawdown (3Y) | -22.0% | -17.8% |
| Market cap | $61.2B | – |
| P/E (trailing) | 18.5 | – |
| Dividend yield | 2.38% | 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 | MET | RSP |
|---|---|---|
| 2022 | +19.2% | -11.6% |
| 2023 | -5.5% | +13.7% |
| 2024 | +27.7% | +12.8% |
| 2025 | -0.8% | +11.2% |
| 2026 | +24.5% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.21% of RSP is MET itself, so the fund partly moves with the stock by construction.
Are MET and RSP good diversifiers for each other?
Only partially. A correlation of 0.67 means MET and RSP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MET and RSP?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.38 over the last year and 0.68 over 5 years.
Is RSP a good diversifier for MET?
Only partially. A correlation of 0.67 means MET and RSP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 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/met-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/met-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MET correlations · RSP correlations
