RSP/SPY ratio compares the Equal-Weighted S&P 500 against the Market-Cap Weighted S&P 500.
Formula: RSP ETF Price divided by SPY ETF Price
| Indicator Parameter | Value / Specification |
|---|---|
| Indicator Name | RSP / SPY Relative Ratio |
| Ticker Symbol | RSP/SPY |
| Normal Baseline Range | 0.24 - 0.31 |
| Unit of Measure | Ratio |
| Authoritative Source | Cboe / Yahoo Finance |
Rising ratio indicates mid-and-small cap broader market outperformance. Falling ratio signals mega-cap tech dominance.
Source: Cboe / Yahoo Finance (https://finance.yahoo.com/quote/RSP)
RSP outperformance confirms healthy economic expansion.
RSP/SPY declined significantly during 2023-2024 Mag 7 rally.
RSP/SPY ratio compares the Equal-Weighted S&P 500 against the Market-Cap Weighted S&P 500.
Rising ratio indicates mid-and-small cap broader market outperformance. Falling ratio signals mega-cap tech dominance.
RSP outperformance confirms healthy economic expansion.
RSP/SPY declined significantly during 2023-2024 Mag 7 rally.
It signals whether rally breadth is broadening out to average stocks or concentrated solely in top mega-cap stocks.