NNBR vs RSP: Correlation
NN, Inc. (NNBR) and Invesco S&P 500 Equal Weight ETF (RSP) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NNBR and RSP?
Over the past 3 years, NNBR and RSP moved with a correlation of 0.52, which is moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 526.2 %².
Few assets follow NNBR as closely as RSP, which ranks #1 of 11 tracked partners. The last year tells two different stories: NNBR led by 20.8 percentage points, +40.0% for NNBR against +19.2% for RSP. Note the risk asymmetry: NNBR runs 5.8 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.
NNBR vs RSP: side by side
| NNBR (NN, Inc.) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +40.0% | +19.2% |
| 5-year return | -34.0% | +53.9% |
| Volatility (ann.) | 76.0% | 13.2% |
| Beta vs S&P 500 | 2.49 | 0.77 |
| Max drawdown (3Y) | -77.8% | -17.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| 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 | NNBR | RSP |
|---|---|---|
| 2022 | -63.4% | -11.6% |
| 2023 | +166.7% | +13.7% |
| 2024 | -18.3% | +12.8% |
| 2025 | -60.9% | +11.2% |
| 2026 | +178.9% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NNBR and RSP good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NNBR and RSP?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.46 over the last year and 0.40 over 5 years.
Is RSP a good diversifier for NNBR?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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/nnbr-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nnbr-vs-rsp/)
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Related comparisons
Hubs: NNBR correlations · RSP correlations
