RSP vs SBUX: Correlation
How closely do Invesco S&P 500 Equal Weight ETF (RSP) and Starbucks (SBUX) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSP and SBUX?
On 3 years of weekly data the RSP/SBUX correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.47 over 3. The 5-year figure is 0.52, and annualized covariance runs at 211.9 %².
Within RSP's tracked universe of 250 assets, SBUX comes in at #217 by 3-year correlation. The trailing year gives SBUX the advantage: +19.2% versus +25.5%, a 6.3-point spread. The relationship is regime-dependent: the rolling one-year correlation swung between 0.23 and 0.73 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: SBUX runs 2.6 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.
RSP vs SBUX: side by side
| RSP (Invesco S&P 500 Equal Weight ETF) | SBUX (Starbucks) | |
|---|---|---|
| 1-year return | +19.2% | +25.5% |
| 5-year return | +53.9% | +4.5% |
| Volatility (ann.) | 13.2% | 34.2% |
| Beta vs S&P 500 | 0.77 | 1.10 |
| Max drawdown (3Y) | -17.8% | -32.0% |
| Market cap | – | $122.3B |
| P/E (trailing) | – | 62.7 |
| Dividend yield | 1.49% | 2.29% |
| Expense ratio | 0.20% | – |
| Assets under management | $97.3B | – |
| Sector / category | ETF · US Large Cap | Consumer Discretionary |
RSP, Invesco's Large Blend fund, carries $97.3B under management, 505 holdings, a 0.20% expense ratio, a 1.49% trailing dividend yield.
Year-by-year returns
| Year | RSP | SBUX |
|---|---|---|
| 2022 | -11.6% | -13.2% |
| 2023 | +13.7% | -1.2% |
| 2024 | +12.8% | -2.5% |
| 2025 | +11.2% | -5.3% |
| 2026 | +16.5% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
SBUX represents 0.21% of RSP's portfolio, so part of any move in RSP is SBUX itself, and the correlation between them is partly mechanical.
Are RSP and SBUX good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RSP and SBUX?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.47 over the last year and 0.52 over 5 years.
Is SBUX a good diversifier for RSP?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 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-sbux.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rsp-vs-sbux/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RSP correlations · SBUX correlations
