RGP vs RSP: Correlation
Measured on weekly returns over the past three years, Resources Connection, Inc. (RGP) and Invesco S&P 500 Equal Weight ETF (RSP) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RGP and RSP?
Over the past 3 years, RGP and RSP moved with a correlation of 0.52, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.25 versus 0.52 over 3 years. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 264.6 %².
By 3-year correlation, RSP places #4 of the 12 assets tracked against RGP. The last year tells two different stories: RSP led by 29.3 percentage points, -10.1% for RGP against +19.2% for RSP. Risk is not evenly split, since RGP carries 2.9 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.
RGP vs RSP: side by side
| RGP (Resources Connection, Inc.) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | -10.1% | +19.2% |
| 5-year return | -66.0% | +53.9% |
| Volatility (ann.) | 38.4% | 13.2% |
| Beta vs S&P 500 | 1.20 | 0.77 |
| Max drawdown (3Y) | -74.7% | -17.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 6.67% | 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 | RGP | RSP |
|---|---|---|
| 2022 | +6.3% | -11.6% |
| 2023 | -20.1% | +13.7% |
| 2024 | -36.5% | +12.8% |
| 2025 | -37.3% | +11.2% |
| 2026 | -12.5% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RGP and RSP good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between RGP and RSP?
As of 2026-08-27, the correlation of weekly returns between RGP and RSP is 0.52 over 3 years, 0.25 over 1 year and 0.47 over 5 years.
Is RSP a good diversifier for RGP?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/rgp-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rgp-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RGP correlations · RSP correlations
