RL vs RSP: Correlation
Measured on weekly returns over the past three years, Ralph Lauren Corporation (RL) and Invesco S&P 500 Equal Weight ETF (RSP) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RL and RSP?
Over the past 3 years, RL and RSP moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 239.1 %².
By 3-year correlation, RSP places #8 of the 42 assets tracked against RL. Twelve-month performance is nearly a tie, at +20.7% for RL and +19.2% for RSP. The rolling one-year correlation stayed in a tight band between 0.45 and 0.67 over the past three years, which points to a structural rather than episodic relationship. One caveat on sizing: RL is 2.5 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.
RL vs RSP: side by side
| RL (Ralph Lauren Corporation) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +20.7% | +19.2% |
| 5-year return | +232.5% | +53.9% |
| Volatility (ann.) | 33.6% | 13.2% |
| Beta vs S&P 500 | 1.07 | 0.77 |
| Max drawdown (3Y) | -36.2% | -17.8% |
| Market cap | $21.0B | – |
| P/E (trailing) | 22.8 | – |
| Dividend yield | 1.03% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | Consumer Discretionary | 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 | RL | RSP |
|---|---|---|
| 2022 | -8.4% | -11.6% |
| 2023 | +39.8% | +13.7% |
| 2024 | +62.9% | +12.8% |
| 2025 | +55.0% | +11.2% |
| 2026 | +0.0% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.18% of RSP is RL itself, so the fund partly moves with the stock by construction.
Are RL and RSP good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RL and RSP?
As of 2026-08-27, the correlation of weekly returns between RL and RSP is 0.54 over 3 years, 0.56 over 1 year and 0.60 over 5 years.
Is RSP a good diversifier for RL?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rl-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rl-vs-rsp/)
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Related comparisons
Hubs: RL correlations · RSP correlations
