RSP vs WYNN: Correlation
How closely do Invesco S&P 500 Equal Weight ETF (RSP) and Wynn Resorts (WYNN) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSP and WYNN?
Over the past 3 years, RSP and WYNN moved with a correlation of 0.43, which is moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 195.3 %².
By 3-year correlation, WYNN places #231 of the 250 assets tracked against RSP. The last year tells two different stories: RSP led by 42.5 percentage points, +19.2% for RSP against -23.3% for WYNN. This link changes with the market regime, having swung between 0.08 and 0.67 on a rolling one-year basis. One caveat on sizing: WYNN is 2.6 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 WYNN: side by side
| RSP (Invesco S&P 500 Equal Weight ETF) | WYNN (Wynn Resorts) | |
|---|---|---|
| 1-year return | +19.2% | -23.3% |
| 5-year return | +53.9% | -2.9% |
| Volatility (ann.) | 13.2% | 34.7% |
| Beta vs S&P 500 | 0.77 | 0.88 |
| Max drawdown (3Y) | -17.8% | -37.8% |
| Market cap | – | $9.6B |
| P/E (trailing) | – | 22.4 |
| Dividend yield | 1.49% | 1.03% |
| Expense ratio | 0.20% | – |
| Assets under management | $97.3B | – |
| Sector / category | ETF · US Large Cap | Consumer Discretionary |
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 | WYNN |
|---|---|---|
| 2022 | -11.6% | -3.0% |
| 2023 | +13.7% | +11.3% |
| 2024 | +12.8% | -4.4% |
| 2025 | +11.2% | +41.0% |
| 2026 | +16.5% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
WYNN represents 0.17% of RSP's portfolio, so part of any move in RSP is WYNN itself, and the correlation between them is partly mechanical.
Are RSP and WYNN good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RSP and WYNN?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.47 over the last year and 0.47 over 5 years.
Is WYNN a good diversifier for RSP?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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-wynn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rsp-vs-wynn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RSP correlations · WYNN correlations
