RSP vs YHGJ: Correlation
Measured on weekly returns over the past three years, Invesco S&P 500 Equal Weight ETF (RSP) and Yunhong Green CTI Ltd. (YHGJ) carry a correlation of -0.14, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSP and YHGJ?
On 3 years of weekly data the RSP/YHGJ correlation comes out at -0.14, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.16 lands near the 3-year figure. The 5-year figure is -0.01, and annualized covariance runs at -162.6 %².
By 3-year correlation, YHGJ places #245 of the 250 assets tracked against RSP. Correlation aside, the last 12 months split them widely, with RSP ahead by 64.1 points (+19.2% versus -44.9%). Note the risk asymmetry: YHGJ runs 6.9 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 YHGJ: side by side
| RSP (Invesco S&P 500 Equal Weight ETF) | YHGJ (Yunhong Green CTI Ltd.) | |
|---|---|---|
| 1-year return | +19.2% | -44.9% |
| 5-year return | +53.9% | -85.6% |
| Volatility (ann.) | 13.2% | 90.5% |
| Beta vs S&P 500 | 0.77 | -0.69 |
| Max drawdown (3Y) | -17.8% | -91.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| 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 | YHGJ |
|---|---|---|
| 2022 | -11.6% | -12.6% |
| 2023 | +13.7% | +105.8% |
| 2024 | +12.8% | -74.3% |
| 2025 | +11.2% | -34.0% |
| 2026 | +16.5% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RSP and YHGJ good diversifiers for each other?
By historical standards, yes. A correlation of -0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between RSP and YHGJ?
The RSP/YHGJ correlation stands at -0.14 on a 3-year window (1 year: -0.16, 5 years: -0.01), computed from weekly returns as of 2026-08-27.
Is YHGJ a good diversifier for RSP?
By historical standards, yes. A correlation of -0.14 means the two rarely move for the same reasons.
What does a correlation of -0.14 mean?
A reading of -0.14 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rsp-vs-yhgj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rsp-vs-yhgj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RSP correlations · YHGJ correlations
