RSP vs VLTO: Correlation
Measured on weekly returns over the past three years, Invesco S&P 500 Equal Weight ETF (RSP) and Veralto (VLTO) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSP and VLTO?
Across a 3-year window, the weekly returns of RSP and VLTO correlate at 0.54, moderate. The link has loosened recently: the 1-year correlation (0.44) runs below the 3-year figure (0.54). Stretching to 5 years gives n/a, with an annualized covariance of 151.4 %².
By 3-year correlation, VLTO places #167 of the 250 assets tracked against RSP. Correlation aside, the last 12 months split them widely, with RSP ahead by 27.1 points (+19.2% versus -7.9%). The rolling one-year correlation moved between 0.38 and 0.75 over the past three years, a moderate range. One caveat on sizing: VLTO is 1.6 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 VLTO: side by side
| RSP (Invesco S&P 500 Equal Weight ETF) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | +19.2% | -7.9% |
| 5-year return | +53.9% | n/a |
| Volatility (ann.) | 13.2% | 21.2% |
| Beta vs S&P 500 | 0.77 | 0.66 |
| Max drawdown (3Y) | -17.8% | -27.1% |
| Market cap | – | $24.0B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 1.49% | 0.51% |
| Expense ratio | 0.20% | – |
| Assets under management | $97.3B | – |
| Sector / category | ETF · US Large Cap | Industrials |
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 | VLTO |
|---|---|---|
| 2022 | -11.6% | – |
| 2023 | +13.7% | – |
| 2024 | +12.8% | +24.3% |
| 2025 | +11.2% | -1.6% |
| 2026 | +16.5% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.22% of RSP is VLTO itself, so the fund partly moves with the stock by construction.
Are RSP and VLTO good diversifiers for each other?
Only partially. A correlation of 0.54 means RSP and VLTO 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 VLTO?
As of 2026-08-27, the correlation of weekly returns between RSP and VLTO is 0.54 over 3 years, 0.44 over 1 year and n/a over 5 years.
Is VLTO a good diversifier for RSP?
Only partially. A correlation of 0.54 means RSP and VLTO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rsp-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RSP correlations · VLTO correlations
