RGP vs SPYV: Correlation
How closely do Resources Connection, Inc. (RGP) and SPDR Portfolio S&P 500 Value ETF (SPYV) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RGP and SPYV?
Across a 3-year window, the weekly returns of RGP and SPYV correlate at 0.52, moderate. The link has loosened recently: the 1-year correlation (0.30) runs below the 3-year figure (0.52). Stretching to 5 years gives 0.48, with an annualized covariance of 243.7 %².
Within RGP's tracked universe of 12 assets, SPYV comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPYV ahead by 28.6 points (-10.1% versus +18.5%). One caveat on sizing: RGP is 3.2 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.
RGP vs SPYV: side by side
| RGP (Resources Connection, Inc.) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | -10.1% | +18.5% |
| 5-year return | -66.0% | +73.5% |
| Volatility (ann.) | 38.4% | 12.1% |
| Beta vs S&P 500 | 1.20 | 0.70 |
| Max drawdown (3Y) | -74.7% | -17.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 6.67% | 1.69% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $36.2B |
| Sector / category | US Listed | ETF · US Style |
SPYV, State Street Investment Management's Large Value fund, carries $36.2B under management, 438 holdings, a 0.04% expense ratio, a 1.69% trailing dividend yield.
Year-by-year returns
| Year | RGP | SPYV |
|---|---|---|
| 2022 | +6.3% | -5.3% |
| 2023 | -20.1% | +22.2% |
| 2024 | -36.5% | +12.2% |
| 2025 | -37.3% | +13.2% |
| 2026 | -12.5% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RGP and SPYV 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 SPYV?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.30 over the last year and 0.48 over 5 years.
Is SPYV 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-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rgp-vs-spyv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RGP correlations · SPYV correlations
