PFGC vs RSP: Correlation
Performance Food Group Company (PFGC) and Invesco S&P 500 Equal Weight ETF (RSP) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFGC and RSP?
Over the past 3 years, PFGC and RSP moved with a correlation of 0.55, which is moderate. The past 12 months show a weaker link (0.43) than the 3-year average (0.55). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 181.7 %².
Few assets follow PFGC as closely as RSP, which ranks #3 of 12 tracked partners. The last year tells two different stories: RSP led by 18.5 percentage points, +0.7% for PFGC against +19.2% for RSP. Note the risk asymmetry: PFGC runs 1.9 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.
PFGC vs RSP: side by side
| PFGC (Performance Food Group Company) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +0.7% | +19.2% |
| 5-year return | +113.4% | +53.9% |
| Volatility (ann.) | 25.2% | 13.2% |
| Beta vs S&P 500 | 0.80 | 0.77 |
| Max drawdown (3Y) | -25.5% | -17.8% |
| Market cap | $16.0B | – |
| P/E (trailing) | 44.8 | – |
| 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 | PFGC | RSP |
|---|---|---|
| 2022 | +27.2% | -11.6% |
| 2023 | +18.4% | +13.7% |
| 2024 | +22.3% | +12.8% |
| 2025 | +6.4% | +11.2% |
| 2026 | +13.6% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFGC and RSP good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PFGC and RSP?
The PFGC/RSP correlation stands at 0.55 on a 3-year window (1 year: 0.43, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is RSP a good diversifier for PFGC?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
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/pfgc-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pfgc-vs-rsp/)
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Related comparisons
Hubs: PFGC correlations · RSP correlations
