RSP vs WSM: Correlation
Measured on weekly returns over the past three years, Invesco S&P 500 Equal Weight ETF (RSP) and Williams-Sonoma, Inc. (WSM) 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 WSM?
Across a 3-year window, the weekly returns of RSP and WSM correlate at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 304.4 %².
Among the 250 assets we track against RSP, WSM ranks #169 by 3-year correlation. On 12-month performance WSM holds a 6.6-point edge, +19.2% against +25.8%. The rolling one-year correlation moved between 0.39 and 0.69 over the past three years, a moderate range. Note the risk asymmetry: WSM runs 3.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 WSM: side by side
| RSP (Invesco S&P 500 Equal Weight ETF) | WSM (Williams-Sonoma, Inc.) | |
|---|---|---|
| 1-year return | +19.2% | +25.8% |
| 5-year return | +53.9% | +182.0% |
| Volatility (ann.) | 13.2% | 43.0% |
| Beta vs S&P 500 | 0.77 | 1.33 |
| Max drawdown (3Y) | -17.8% | -36.8% |
| Market cap | – | $28.1B |
| P/E (trailing) | – | 24.4 |
| Dividend yield | 1.49% | 0.56% |
| Expense ratio | 0.20% | – |
| Assets under management | $97.3B | – |
| Sector / category | ETF · US Large Cap | Consumer Discretionary |
RSP, Invesco's Large Blend fund, carries $97.3B under management, 505 holdings, a 0.20% expense ratio, a 1.49% trailing dividend yield.
Year-by-year returns
| Year | RSP | WSM |
|---|---|---|
| 2022 | -11.6% | -30.5% |
| 2023 | +13.7% | +80.2% |
| 2024 | +12.8% | +86.6% |
| 2025 | +11.2% | -2.1% |
| 2026 | +16.5% | +34.9% |
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 WSM at a 0.21% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are RSP and WSM good diversifiers for each other?
Only partially. A correlation of 0.54 means RSP and WSM 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 WSM?
The RSP/WSM correlation stands at 0.54 on a 3-year window (1 year: 0.60, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is WSM a good diversifier for RSP?
Only partially. A correlation of 0.54 means RSP and WSM 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-wsm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rsp-vs-wsm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RSP correlations · WSM correlations
