RSP vs STEW: Correlation
Measured on weekly returns over the past three years, Invesco S&P 500 Equal Weight ETF (RSP) and SRH Total Return Fund, Inc. (STEW) carry a correlation of 0.81, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSP and STEW?
On 3 years of weekly data the RSP/STEW correlation comes out at 0.81, very strong, meaning they move nearly in lockstep. Lately the two have drifted apart, with the 1-year correlation at 0.69 versus 0.81 over 3 years. The 5-year figure is 0.85, and annualized covariance runs at 151.6 %².
Within RSP's tracked universe of 250 assets, STEW comes in at #27 by 3-year correlation. Over the last 12 months RSP came out ahead by 14.0 percentage points (+19.2% against +5.2%).
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 STEW: side by side
| RSP (Invesco S&P 500 Equal Weight ETF) | STEW (SRH Total Return Fund, Inc.) | |
|---|---|---|
| 1-year return | +19.2% | +5.2% |
| 5-year return | +53.9% | +61.2% |
| Volatility (ann.) | 13.2% | 14.1% |
| Beta vs S&P 500 | 0.77 | 0.67 |
| Max drawdown (3Y) | -17.8% | -10.5% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | 12.1 |
| Dividend yield | 1.49% | 3.91% |
| 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 | STEW |
|---|---|---|
| 2022 | -11.6% | -7.3% |
| 2023 | +13.7% | +13.5% |
| 2024 | +12.8% | +19.9% |
| 2025 | +11.2% | +20.3% |
| 2026 | +16.5% | +3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RSP and STEW good diversifiers for each other?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between RSP and STEW?
Using weekly returns as of 2026-08-27: 0.81 over 3 years, with 0.69 over the last year and 0.85 over 5 years.
Is STEW a good diversifier for RSP?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.81 mean?
A reading of 0.81 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-stew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rsp-vs-stew/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RSP correlations · STEW correlations
