ROK vs RSP: Correlation
Measured on weekly returns over the past three years, Rockwell Automation (ROK) and Invesco S&P 500 Equal Weight ETF (RSP) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROK and RSP?
On 3 years of weekly data the ROK/RSP correlation comes out at 0.56, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.46 versus 0.56 over 3 years. The 5-year figure is 0.65, and annualized covariance runs at 205.1 %².
Within ROK's tracked universe of 37 assets, RSP comes in at #8 by 3-year correlation. Over the last 12 months ROK came out ahead by 6.5 percentage points (+25.7% against +19.2%). The rolling one-year correlation moved between 0.45 and 0.84 over the past three years, a moderate range. Risk is not evenly split, since ROK carries 2.1 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.
ROK vs RSP: side by side
| ROK (Rockwell Automation) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +25.7% | +19.2% |
| 5-year return | +44.9% | +53.9% |
| Volatility (ann.) | 27.9% | 13.2% |
| Beta vs S&P 500 | 0.97 | 0.77 |
| Max drawdown (3Y) | -29.0% | -17.8% |
| Market cap | $48.2B | – |
| P/E (trailing) | 40.6 | – |
| Dividend yield | 1.26% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | Industrials | 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 | ROK | RSP |
|---|---|---|
| 2022 | -24.8% | -11.6% |
| 2023 | +22.6% | +13.7% |
| 2024 | -6.2% | +12.8% |
| 2025 | +38.4% | +11.2% |
| 2026 | +12.4% | +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 ROK itself, so the fund partly moves with the stock by construction.
Are ROK and RSP good diversifiers for each other?
Only partially. A correlation of 0.56 means ROK and RSP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ROK and RSP?
As of 2026-08-27, the correlation of weekly returns between ROK and RSP is 0.56 over 3 years, 0.46 over 1 year and 0.65 over 5 years.
Is RSP a good diversifier for ROK?
Only partially. A correlation of 0.56 means ROK and RSP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
A reading of 0.56 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/rok-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rok-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ROK correlations · RSP correlations
