RSP vs RVT: Correlation
Measured on weekly returns over the past three years, Invesco S&P 500 Equal Weight ETF (RSP) and Royce Small-Cap Trust, Inc. (RVT) carry a correlation of 0.88, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSP and RVT?
Over the past 3 years, RSP and RVT moved with a correlation of 0.88, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.83) sits close to the 3-year figure. Over 5 years the correlation is 0.88, and the annualized covariance of weekly returns is 220.7 %².
Within RSP's tracked universe of 250 assets, RVT comes in at #13 by 3-year correlation. The trailing year gives RVT the advantage: +19.2% versus +27.4%, a 8.2-point spread.
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.
RSP vs RVT: side by side
| RSP (Invesco S&P 500 Equal Weight ETF) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +19.2% | +27.4% |
| 5-year return | +53.9% | +53.9% |
| Volatility (ann.) | 13.2% | 19.1% |
| Beta vs S&P 500 | 0.77 | 0.99 |
| Max drawdown (3Y) | -17.8% | -23.5% |
| Market cap | – | $2.3B |
| P/E (trailing) | – | 6.5 |
| Dividend yield | 1.49% | 0.00% |
| Expense ratio | 0.20% | – |
| Assets under management | $97.3B | – |
| Sector / category | ETF · US Large Cap | US Listed |
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 | RSP | RVT |
|---|---|---|
| 2022 | -11.6% | -26.3% |
| 2023 | +13.7% | +18.8% |
| 2024 | +12.8% | +17.9% |
| 2025 | +11.2% | +11.5% |
| 2026 | +16.5% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RSP and RVT good diversifiers for each other?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between RSP and RVT?
The RSP/RVT correlation stands at 0.88 on a 3-year window (1 year: 0.83, 5 years: 0.88), computed from weekly returns as of 2026-08-27.
Is RVT a good diversifier for RSP?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.88 mean?
A reading of 0.88 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/rsp-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rsp-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RSP correlations · RVT correlations
