RSP vs WHLR: Correlation
How closely do Invesco S&P 500 Equal Weight ETF (RSP) and Wheeler Real Estate Investment Trust, Inc. (WHLR) trade together? Their weekly returns over three years give a correlation of -0.13, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSP and WHLR?
Over the past 3 years, RSP and WHLR moved with a correlation of -0.13, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.03 over 1 year against -0.13 over 3. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -909.4 %².
By 3-year correlation, WHLR places #242 of the 250 assets tracked against RSP. Their recent paths diverged sharply: over the last 12 months RSP outperformed by 119.2 percentage points (+19.2% for RSP against -100.0% for WHLR). One caveat on sizing: WHLR is 41.3 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 WHLR: side by side
| RSP (Invesco S&P 500 Equal Weight ETF) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | +19.2% | -100.0% |
| 5-year return | +53.9% | -100.0% |
| Volatility (ann.) | 13.2% | 545.0% |
| Beta vs S&P 500 | 0.77 | -5.84 |
| Max drawdown (3Y) | -17.8% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| 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 | WHLR |
|---|---|---|
| 2022 | -11.6% | -28.0% |
| 2023 | +13.7% | -98.4% |
| 2024 | +12.8% | -98.4% |
| 2025 | +11.2% | -100.0% |
| 2026 | +16.5% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RSP and WHLR good diversifiers for each other?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between RSP and WHLR?
Using weekly returns as of 2026-08-27: -0.13 over 3 years, with -0.03 over the last year and -0.06 over 5 years.
Is WHLR a good diversifier for RSP?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
What does a correlation of -0.13 mean?
On the −1 to +1 scale, -0.13 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.
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Related comparisons
Hubs: RSP correlations · WHLR correlations
