RSP vs SLF: Correlation
Measured on weekly returns over the past three years, Invesco S&P 500 Equal Weight ETF (RSP) and Sun Life Financial Inc. (SLF) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSP and SLF?
On 3 years of weekly data the RSP/SLF correlation comes out at 0.50, moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.50). The 5-year figure is 0.65, and annualized covariance runs at 123.1 %².
By 3-year correlation, SLF places #196 of the 250 assets tracked against RSP. The last year tells two different stories: SLF led by 20.8 percentage points, +19.2% for RSP against +40.0% for SLF.
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 SLF: side by side
| RSP (Invesco S&P 500 Equal Weight ETF) | SLF (Sun Life Financial Inc.) | |
|---|---|---|
| 1-year return | +19.2% | +40.0% |
| 5-year return | +53.9% | +84.1% |
| Volatility (ann.) | 13.2% | 18.6% |
| Beta vs S&P 500 | 0.77 | 0.52 |
| Max drawdown (3Y) | -17.8% | -14.9% |
| Market cap | – | $43.8B |
| P/E (trailing) | – | 18.5 |
| Dividend yield | 1.49% | 4.66% |
| Expense ratio | 0.20% | – |
| Assets under management | $97.3B | – |
| Sector / category | ETF · US Large Cap | US Listed |
RSP is a Large Blend fund from Invesco: $97.3B under management, 505 holdings, a 0.20% expense ratio, a 1.49% trailing dividend yield.
Year-by-year returns
| Year | RSP | SLF |
|---|---|---|
| 2022 | -11.6% | -12.9% |
| 2023 | +13.7% | +16.9% |
| 2024 | +12.8% | +19.5% |
| 2025 | +11.2% | +7.3% |
| 2026 | +16.5% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RSP and SLF good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RSP and SLF?
The RSP/SLF correlation stands at 0.50 on a 3-year window (1 year: 0.29, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is SLF a good diversifier for RSP?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rsp-vs-slf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rsp-vs-slf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RSP correlations · SLF correlations
