RH vs RSP: Correlation
How closely do RH (RH) and Invesco S&P 500 Equal Weight ETF (RSP) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RH and RSP?
Over the past 3 years, RH and RSP moved with a correlation of 0.68, which is strong. The past 12 months show a weaker link (0.53) than the 3-year average (0.68). Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 600.4 %².
Few assets follow RH as closely as RSP, which ranks #3 of 16 tracked partners. Correlation aside, the last 12 months split them widely, with RSP ahead by 55.7 points (-36.5% versus +19.2%). Note the risk asymmetry: RH runs 5.1 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.
RH vs RSP: side by side
| RH (RH) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | -36.5% | +19.2% |
| 5-year return | -79.8% | +53.9% |
| Volatility (ann.) | 67.4% | 13.2% |
| Beta vs S&P 500 | 2.60 | 0.77 |
| Max drawdown (3Y) | -75.2% | -17.8% |
| Market cap | $2.7B | – |
| P/E (trailing) | 28.7 | – |
| 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 | RH | RSP |
|---|---|---|
| 2022 | -50.1% | -11.6% |
| 2023 | +9.1% | +13.7% |
| 2024 | +35.0% | +12.8% |
| 2025 | -54.5% | +11.2% |
| 2026 | -19.2% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RH and RSP good diversifiers for each other?
To a limited degree. At 0.68 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 RH and RSP?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.53 over the last year and 0.65 over 5 years.
Is RSP a good diversifier for RH?
To a limited degree. At 0.68 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 0.68 mean?
On the −1 to +1 scale, 0.68 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/rh-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rh-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RH correlations · RSP correlations
