RSP vs SNFCA: Correlation
Invesco S&P 500 Equal Weight ETF (RSP) and Security National Financial Corporation (SNFCA) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSP and SNFCA?
On 3 years of weekly data the RSP/SNFCA correlation comes out at 0.55, moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.55). The 5-year figure is 0.43, and annualized covariance runs at 250.6 %².
Among the 250 assets we track against RSP, SNFCA ranks #154 by 3-year correlation. The trailing year gives RSP the advantage: +19.2% versus +4.4%, a 14.8-point spread. Risk is not evenly split, since SNFCA carries 2.6 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.
RSP vs SNFCA: side by side
| RSP (Invesco S&P 500 Equal Weight ETF) | SNFCA (Security National Financial Corporation) | |
|---|---|---|
| 1-year return | +19.2% | +4.4% |
| 5-year return | +53.9% | +22.0% |
| Volatility (ann.) | 13.2% | 34.6% |
| Beta vs S&P 500 | 0.77 | 1.07 |
| Max drawdown (3Y) | -17.8% | -39.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 6.9 |
| 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 | SNFCA |
|---|---|---|
| 2022 | -11.6% | -16.7% |
| 2023 | +13.7% | +29.5% |
| 2024 | +12.8% | +40.4% |
| 2025 | +11.2% | -21.4% |
| 2026 | +16.5% | +1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RSP and SNFCA good diversifiers for each other?
Only partially. A correlation of 0.55 means RSP and SNFCA 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 RSP and SNFCA?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.35 over the last year and 0.43 over 5 years.
Is SNFCA a good diversifier for RSP?
Only partially. A correlation of 0.55 means RSP and SNFCA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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.
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Related comparisons
Hubs: RSP correlations · SNFCA correlations
