NXH vs RSP: Correlation
How closely do Neighborhood Intelligence, Inc. (NXH) and Invesco S&P 500 Equal Weight ETF (RSP) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXH and RSP?
Across a 3-year window, the weekly returns of NXH and RSP correlate at 0.55, moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.55 over 3. Stretching to 5 years gives 0.54, with an annualized covariance of 606.6 %².
In NXH's tracked universe of 13 assets, RSP sits right near the top at #2. The last year tells two different stories: RSP led by 76.0 percentage points, -56.8% for NXH against +19.2% for RSP. One caveat on sizing: NXH is 6.4 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.
NXH vs RSP: side by side
| NXH (Neighborhood Intelligence, Inc.) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | -56.8% | +19.2% |
| 5-year return | -94.6% | +53.9% |
| Volatility (ann.) | 84.1% | 13.2% |
| Beta vs S&P 500 | 2.56 | 0.77 |
| Max drawdown (3Y) | -89.8% | -17.8% |
| Market cap | $0.4B | – |
| 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 | NXH | RSP |
|---|---|---|
| 2022 | -67.2% | -11.6% |
| 2023 | +43.0% | +13.7% |
| 2024 | -82.2% | +12.8% |
| 2025 | +10.8% | +11.2% |
| 2026 | -27.8% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXH and RSP good diversifiers for each other?
Only partially. A correlation of 0.55 means NXH 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 NXH and RSP?
The NXH/RSP correlation stands at 0.55 on a 3-year window (1 year: 0.57, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is RSP a good diversifier for NXH?
Only partially. A correlation of 0.55 means NXH 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 0.55 mean?
On the −1 to +1 scale, 0.55 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/nxh-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nxh-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NXH correlations · RSP correlations
