RSP vs YETI: Correlation
How closely do Invesco S&P 500 Equal Weight ETF (RSP) and YETI Holdings, Inc. (YETI) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSP and YETI?
Across a 3-year window, the weekly returns of RSP and YETI correlate at 0.55, moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.55 over 3. Stretching to 5 years gives 0.59, with an annualized covariance of 288.6 %².
Within RSP's tracked universe of 250 assets, YETI comes in at #156 by 3-year correlation. Their 12-month results are close: +19.2% for RSP against +15.6% for YETI. Risk is not evenly split, since YETI carries 3.0 times the volatility of the other side.
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 YETI: side by side
| RSP (Invesco S&P 500 Equal Weight ETF) | YETI (YETI Holdings, Inc.) | |
|---|---|---|
| 1-year return | +19.2% | +15.6% |
| 5-year return | +53.9% | -58.8% |
| Volatility (ann.) | 13.2% | 39.9% |
| Beta vs S&P 500 | 0.77 | 1.17 |
| Max drawdown (3Y) | -17.8% | -49.7% |
| Market cap | – | $3.1B |
| P/E (trailing) | – | 18.4 |
| Dividend yield | 1.49% | 0.00% |
| Expense ratio | 0.20% | – |
| Assets under management | $97.3B | – |
| Sector / category | ETF · US Large Cap | US Listed |
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 | YETI |
|---|---|---|
| 2022 | -11.6% | -50.1% |
| 2023 | +13.7% | +25.3% |
| 2024 | +12.8% | -25.6% |
| 2025 | +11.2% | +14.7% |
| 2026 | +16.5% | -5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RSP and YETI good diversifiers for each other?
Only partially. A correlation of 0.55 means RSP and YETI 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 YETI?
The RSP/YETI correlation stands at 0.55 on a 3-year window (1 year: 0.61, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is YETI a good diversifier for RSP?
Only partially. A correlation of 0.55 means RSP and YETI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rsp-vs-yeti.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rsp-vs-yeti/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RSP correlations · YETI correlations
