PRU vs RSP: Correlation
Prudential Financial (PRU) and Invesco S&P 500 Equal Weight ETF (RSP) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRU and RSP?
Across a 3-year window, the weekly returns of PRU and RSP correlate at 0.64, strong. Lately the two have drifted apart, with the 1-year correlation at 0.33 versus 0.64 over 3 years. Stretching to 5 years gives 0.73, with an annualized covariance of 193.1 %².
Among the 31 assets we track against PRU, RSP ranks #13 by 3-year correlation. Twelve-month performance is nearly a tie, at +15.8% for PRU and +19.2% for RSP. Across three years, the rolling one-year figure varied moderately, from 0.34 to 0.79. Risk is not evenly split, since PRU 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.
PRU vs RSP: side by side
| PRU (Prudential Financial) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +15.8% | +19.2% |
| 5-year return | +45.1% | +53.9% |
| Volatility (ann.) | 23.0% | 13.2% |
| Beta vs S&P 500 | 0.79 | 0.77 |
| Max drawdown (3Y) | -25.7% | -17.8% |
| Market cap | $41.5B | – |
| P/E (trailing) | 10.9 | – |
| Dividend yield | 4.57% | 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 | PRU | RSP |
|---|---|---|
| 2022 | -3.9% | -11.6% |
| 2023 | +10.1% | +13.7% |
| 2024 | +19.5% | +12.8% |
| 2025 | +0.2% | +11.2% |
| 2026 | +10.8% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
PRU represents 0.22% of RSP's portfolio, so part of any move in RSP is PRU itself, and the correlation between them is partly mechanical.
Are PRU and RSP good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PRU and RSP?
The PRU/RSP correlation stands at 0.64 on a 3-year window (1 year: 0.33, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is RSP a good diversifier for PRU?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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/pru-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pru-vs-rsp/)
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Related comparisons
Hubs: PRU correlations · RSP correlations
