MSI vs RSP: Correlation
Measured on weekly returns over the past three years, Motorola Solutions (MSI) and Invesco S&P 500 Equal Weight ETF (RSP) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSI and RSP?
Over the past 3 years, MSI and RSP moved with a correlation of 0.45, which is moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.45). Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 132.8 %².
Among the 32 assets we track against MSI, RSP ranks #11 by 3-year correlation. The trailing year gives RSP the advantage: +5.9% versus +19.2%, a 13.3-point spread. On a rolling one-year basis the correlation drifted between 0.21 and 0.66, a moderate band. Risk is not evenly split, since MSI carries 1.7 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.
MSI vs RSP: side by side
| MSI (Motorola Solutions) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +5.9% | +19.2% |
| 5-year return | +111.1% | +53.9% |
| Volatility (ann.) | 22.1% | 13.2% |
| Beta vs S&P 500 | 0.61 | 0.77 |
| Max drawdown (3Y) | -27.0% | -17.8% |
| Market cap | $80.5B | – |
| P/E (trailing) | 38.5 | – |
| Dividend yield | 0.97% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | Information Technology | 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 | MSI | RSP |
|---|---|---|
| 2022 | -3.8% | -11.6% |
| 2023 | +23.0% | +13.7% |
| 2024 | +49.1% | +12.8% |
| 2025 | -16.2% | +11.2% |
| 2026 | +27.6% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that RSP holds MSI at a 0.22% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are MSI and RSP good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MSI and RSP?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.29 over the last year and 0.56 over 5 years.
Is RSP a good diversifier for MSI?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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/msi-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/msi-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MSI correlations · RSP correlations
