RSP vs THRM: Correlation
Measured on weekly returns over the past three years, Invesco S&P 500 Equal Weight ETF (RSP) and Gentherm Inc (THRM) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSP and THRM?
On 3 years of weekly data the RSP/THRM correlation comes out at 0.55, moderate. The past 12 months show a weaker link (0.45) than the 3-year average (0.55). The 5-year figure is 0.54, and annualized covariance runs at 263.3 %².
Within RSP's tracked universe of 250 assets, THRM comes in at #155 by 3-year correlation. Over the last 12 months RSP came out ahead by 10.6 percentage points (+19.2% against +8.6%). One caveat on sizing: THRM is 2.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 THRM: side by side
| RSP (Invesco S&P 500 Equal Weight ETF) | THRM (Gentherm Inc) | |
|---|---|---|
| 1-year return | +19.2% | +8.6% |
| 5-year return | +53.9% | -54.0% |
| Volatility (ann.) | 13.2% | 36.4% |
| Beta vs S&P 500 | 0.77 | 1.04 |
| Max drawdown (3Y) | -17.8% | -61.8% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 47.0 |
| 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 | THRM |
|---|---|---|
| 2022 | -11.6% | -24.9% |
| 2023 | +13.7% | -19.8% |
| 2024 | +12.8% | -23.8% |
| 2025 | +11.2% | -8.9% |
| 2026 | +16.5% | +11.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RSP and THRM good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RSP and THRM?
As of 2026-08-27, the correlation of weekly returns between RSP and THRM is 0.55 over 3 years, 0.45 over 1 year and 0.54 over 5 years.
Is THRM a good diversifier for RSP?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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-thrm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rsp-vs-thrm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RSP correlations · THRM correlations
