RSP vs SOLV: Correlation
How closely do Invesco S&P 500 Equal Weight ETF (RSP) and Solventum (SOLV) 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 SOLV?
Over the past 3 years, RSP and SOLV moved with a correlation of 0.47, which is moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.47). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 188.9 %².
Within RSP's tracked universe of 250 assets, SOLV comes in at #219 by 3-year correlation. On 12-month performance SOLV holds a 5.5-point edge, +19.2% against +24.7%. On a rolling one-year basis the correlation drifted between 0.36 and 0.77, a moderate band. Risk is not evenly split, since SOLV carries 2.3 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 SOLV: side by side
| RSP (Invesco S&P 500 Equal Weight ETF) | SOLV (Solventum) | |
|---|---|---|
| 1-year return | +19.2% | +24.7% |
| 5-year return | +53.9% | n/a |
| Volatility (ann.) | 13.2% | 30.4% |
| Beta vs S&P 500 | 0.77 | 0.62 |
| Max drawdown (3Y) | -17.8% | -40.0% |
| Market cap | – | $15.5B |
| P/E (trailing) | – | 11.2 |
| Dividend yield | 1.49% | 0.00% |
| Expense ratio | 0.20% | – |
| Assets under management | $97.3B | – |
| Sector / category | ETF · US Large Cap | Health Care |
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 | SOLV |
|---|---|---|
| 2022 | -11.6% | – |
| 2023 | +13.7% | – |
| 2024 | +12.8% | – |
| 2025 | +11.2% | +20.0% |
| 2026 | +16.5% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.21% of RSP is SOLV itself, so the fund partly moves with the stock by construction.
Are RSP and SOLV 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 SOLV?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.35 over the last year and n/a over 5 years.
Is SOLV 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?
On the −1 to +1 scale, 0.47 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rsp-vs-solv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rsp-vs-solv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RSP correlations · SOLV correlations
