RSP vs SONO: Correlation
Invesco S&P 500 Equal Weight ETF (RSP) and Sonos, Inc. (SONO) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSP and SONO?
On 3 years of weekly data the RSP/SONO correlation comes out at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 348.3 %².
By 3-year correlation, SONO places #128 of the 250 assets tracked against RSP. The trailing year gives RSP the advantage: +19.2% versus +8.3%, a 10.9-point spread. Note the risk asymmetry: SONO runs 3.4 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 SONO: side by side
| RSP (Invesco S&P 500 Equal Weight ETF) | SONO (Sonos, Inc.) | |
|---|---|---|
| 1-year return | +19.2% | +8.3% |
| 5-year return | +53.9% | -61.8% |
| Volatility (ann.) | 13.2% | 44.8% |
| Beta vs S&P 500 | 0.77 | 1.66 |
| Max drawdown (3Y) | -17.8% | -60.5% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | 33.6 |
| Dividend yield | 1.49% | 0.00% |
| 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 | SONO |
|---|---|---|
| 2022 | -11.6% | -43.3% |
| 2023 | +13.7% | +1.4% |
| 2024 | +12.8% | -12.3% |
| 2025 | +11.2% | +16.8% |
| 2026 | +16.5% | -14.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RSP and SONO good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RSP and SONO?
As of 2026-08-27, the correlation of weekly returns between RSP and SONO is 0.59 over 3 years, 0.53 over 1 year and 0.56 over 5 years.
Is SONO a good diversifier for RSP?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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-sono.json
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[](https://www.pairbook.io/pair/rsp-vs-sono/)
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Related comparisons
Hubs: RSP correlations · SONO correlations
