RSP vs TRMB: Correlation
How closely do Invesco S&P 500 Equal Weight ETF (RSP) and Trimble Inc. (TRMB) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSP and TRMB?
Across a 3-year window, the weekly returns of RSP and TRMB correlate at 0.57, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.39 versus 0.57 over 3 years. Stretching to 5 years gives 0.67, with an annualized covariance of 233.0 %².
Among the 250 assets we track against RSP, TRMB ranks #139 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RSP outperformed by 44.3 percentage points (+19.2% for RSP against -25.1% for TRMB). The rolling one-year correlation moved between 0.39 and 0.83 over the past three years, a moderate range. Risk is not evenly split, since TRMB 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 TRMB: side by side
| RSP (Invesco S&P 500 Equal Weight ETF) | TRMB (Trimble Inc.) | |
|---|---|---|
| 1-year return | +19.2% | -25.1% |
| 5-year return | +53.9% | -35.7% |
| Volatility (ann.) | 13.2% | 30.9% |
| Beta vs S&P 500 | 0.77 | 1.13 |
| Max drawdown (3Y) | -17.8% | -42.7% |
| Market cap | – | $14.3B |
| P/E (trailing) | – | – |
| Dividend yield | 1.49% | 0.00% |
| Expense ratio | 0.20% | – |
| Assets under management | $97.3B | – |
| Sector / category | ETF · US Large Cap | Information Technology |
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 | TRMB |
|---|---|---|
| 2022 | -11.6% | -42.0% |
| 2023 | +13.7% | +5.2% |
| 2024 | +12.8% | +32.8% |
| 2025 | +11.2% | +10.9% |
| 2026 | +16.5% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that RSP holds TRMB at a 0.22% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are RSP and TRMB good diversifiers for each other?
Only partially. A correlation of 0.57 means RSP and TRMB 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 TRMB?
The RSP/TRMB correlation stands at 0.57 on a 3-year window (1 year: 0.39, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is TRMB a good diversifier for RSP?
Only partially. A correlation of 0.57 means RSP and TRMB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 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-trmb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rsp-vs-trmb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RSP correlations · TRMB correlations
