RSP vs VT: Correlation & Overlap
Invesco S&P 500 Equal Weight ETF (RSP) and Vanguard Total World Stock ETF (VT) show a very strong relationship: their 3-year correlation of weekly returns is 0.89. By holdings, the two funds overlap 31.6% by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSP and VT?
Across a 3-year window, the weekly returns of RSP and VT correlate at 0.89, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.81 lands near the 3-year figure. Stretching to 5 years gives 0.93, with an annualized covariance of 162.2 %².
Among the 250 assets we track against RSP, VT ranks #12 by 3-year correlation. Neither side won the trailing year by much: +19.2% against +22.7%. The link looks structural: the rolling one-year correlation barely moved, holding between 0.81 and 0.96.
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 VT: side by side
| RSP (Invesco S&P 500 Equal Weight ETF) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +19.2% | +22.7% |
| 5-year return | +53.9% | +67.7% |
| Volatility (ann.) | 13.2% | 13.9% |
| Beta vs S&P 500 | 0.77 | 0.92 |
| Max drawdown (3Y) | -17.8% | -16.5% |
| Dividend yield | 1.49% | 1.59% |
| Expense ratio | 0.20% | 0.06% |
| Assets under management | $97.3B | $97.9B |
| Sector / category | ETF · US Large Cap | ETF · Global |
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. VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Portfolio overlap between RSP and VT
The two portfolios partially overlap, with 500 holdings in common adding up to 31.6% of fund weight. Where correlation shows the co-movement, the overlap shows its source.
| Common holding | Weight in RSP | Weight in VT |
|---|---|---|
| PLTR | 0.25% | 0.24% |
| PANW | 0.24% | 0.24% |
| MRK | 0.24% | 0.31% |
| MSFT | 0.23% | 3.09% |
| ROP | 0.23% | 0.28% |
| MA | 0.23% | 0.41% |
| RTX | 0.22% | 0.26% |
| V | 0.22% | 0.54% |
| ABBV | 0.22% | 0.40% |
| JPM | 0.21% | 0.84% |
| BAC | 0.21% | 0.36% |
| JNJ | 0.21% | 0.55% |
| GE | 0.21% | 0.33% |
| GEV | 0.20% | 0.24% |
| AMZN | 0.20% | 2.36% |
Largest positions held only by RSP: LWEU6 (0.21%), ERIE (0.21%), PSKY (0.19%), VMRK (0.18%), AGPXX (0.12%). Only by VT: 2330 (1.61%), 005930 (0.72%), ASML (0.57%), 000660 (0.56%), 700 (0.34%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-08-26. Top 15 common positions shown.
Year-by-year returns
| Year | RSP | VT |
|---|---|---|
| 2022 | -11.6% | -18.0% |
| 2023 | +13.7% | +22.0% |
| 2024 | +12.8% | +16.5% |
| 2025 | +11.2% | +22.4% |
| 2026 | +16.5% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RSP and VT good diversifiers for each other?
No: a correlation of 0.89 means RSP and VT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between RSP and VT?
The RSP/VT correlation stands at 0.89 on a 3-year window (1 year: 0.81, 5 years: 0.93), computed from weekly returns as of 2026-08-27.
Is VT a good diversifier for RSP?
No: a correlation of 0.89 means RSP and VT tend to fall together, which is precisely when diversification is supposed to help.
How much do RSP and VT overlap?
Per the issuers' own portfolio disclosures (2026-08-26), the overlap is 31.6% by weight over 500 common positions.
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Related comparisons
Hubs: RSP correlations · VT correlations
