RSP vs VTV: Correlation & Overlap
Measured on weekly returns over the past three years, Invesco S&P 500 Equal Weight ETF (RSP) and Vanguard Value ETF (VTV) carry a correlation of 0.95, a very strong link. By holdings, the two funds overlap 45.2% by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSP and VTV?
Over the past 3 years, RSP and VTV moved with a correlation of 0.95, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.88) sits close to the 3-year figure. Over 5 years the correlation is 0.95, and the annualized covariance of weekly returns is 150.0 %².
By 3-year correlation, VTV places #4 of the 250 assets tracked against RSP. The trailing year gives VTV the advantage: +19.2% versus +25.7%, a 6.5-point spread. The link looks structural: the rolling one-year correlation barely moved, holding between 0.88 and 0.99.
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 VTV: side by side
| RSP (Invesco S&P 500 Equal Weight ETF) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +19.2% | +25.7% |
| 5-year return | +53.9% | +79.1% |
| Volatility (ann.) | 13.2% | 11.9% |
| Beta vs S&P 500 | 0.77 | 0.65 |
| Max drawdown (3Y) | -17.8% | -14.5% |
| Dividend yield | 1.49% | 1.86% |
| Expense ratio | 0.20% | 0.03% |
| Assets under management | $97.3B | $256.4B |
| Sector / category | ETF · US Large Cap | ETF · US Style |
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. On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Portfolio overlap between RSP and VTV
The two portfolios overlap heavily, with 294 holdings in common adding up to 45.2% of fund weight. Where correlation shows the co-movement, the overlap shows its source.
| Common holding | Weight in RSP | Weight in VTV |
|---|---|---|
| NEM | 0.26% | 0.37% |
| MPC | 0.26% | 0.34% |
| REGN | 0.25% | 0.29% |
| VLO | 0.25% | 0.35% |
| PSX | 0.25% | 0.32% |
| TMO | 0.24% | 0.80% |
| AMGN | 0.24% | 0.77% |
| TGT | 0.24% | 0.24% |
| MRK | 0.24% | 1.20% |
| ABT | 0.24% | 0.69% |
| FCX | 0.24% | 0.34% |
| DELL | 0.23% | 0.44% |
| SCHW | 0.23% | 0.65% |
| COF | 0.23% | 0.48% |
| TRV | 0.23% | 0.30% |
Largest positions held only by RSP: MRNA (0.61%), ZBRA (0.31%), CRL (0.29%), DASH (0.29%), VEEV (0.28%). Only by VTV: BRK.A (0.54%), LNG (0.21%), EA (0.20%), MSTR (0.12%), AVB (0.10%).
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 | VTV |
|---|---|---|
| 2022 | -11.6% | -2.1% |
| 2023 | +13.7% | +9.3% |
| 2024 | +12.8% | +16.0% |
| 2025 | +11.2% | +15.3% |
| 2026 | +16.5% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RSP and VTV good diversifiers for each other?
Not really. At 0.95, the two trade almost as one position, and owning both buys little extra protection. On top of that, 45.2% of their holdings are the same, making the doubling-up even more literal.
FAQ
What is the correlation between RSP and VTV?
As of 2026-08-27, the correlation of weekly returns between RSP and VTV is 0.95 over 3 years, 0.88 over 1 year and 0.95 over 5 years.
Is VTV a good diversifier for RSP?
Not really. At 0.95, the two trade almost as one position, and owning both buys little extra protection. On top of that, 45.2% of their holdings are the same, making the doubling-up even more literal.
How much do RSP and VTV overlap?
The two funds share 294 holdings amounting to 45.2% of weight, per issuer portfolio files dated 2026-08-26.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rsp-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rsp-vs-vtv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RSP correlations · VTV correlations
