The perceived discrepancy between Return Path's (now Validity) reported inbox rates and observed open rates is a common point of confusion for email marketers. While Return Path offers valuable insights into inbox placement, its methodology and the evolving nature of email metrics mean that a direct, consistent correlation with open rates isn't always guaranteed. Understanding the nuances of both metrics is crucial for accurate deliverability assessment.
Key findings
Reliability varies: Third-party inbox rate reporting, including Return Path's, can be unreliable to varying degrees, primarily due to differences in seed list composition and audience alignment.
Engagement factor: Consistent open rates, even amidst fluctuating inbox rates, might indicate a highly engaged core segment of your audience that consistently receives and opens your emails, regardless of broader deliverability issues impacting less engaged recipients.
ISP weighting: Discrepancies can arise if Return Path's ISP weighting for its seed list doesn't accurately reflect the composition of your actual subscriber list, even if ISP weighting is enabled within the platform.
Open rate limitations: accurately measure email open rates without relying on image pixels or clicks. Open rates alone are no longer a definitive indicator of inbox placement or overall email engagement, partly due to privacy features like Apple Mail Privacy Protection, which can inflate reported opens. You can learn more about how to
Key considerations
Multiple metrics: Rely on a combination of metrics beyond just inbox rate and open rate. Consider clicks, conversions, spam complaint rates, and unsubscribe rates for a holistic view of email performance. This holistic approach is essential for improving email deliverability rates.
Audience alignment: Ensure that any third-party testing service's seed list closely mirrors the demographic and ISP distribution of your actual subscriber base for more relevant inbox placement data.
Engagement beyond opens: Focus on driving actual engagement (clicks, conversions) rather than solely optimizing for open rates, which can be misleading. As Netcore Cloud's expert tips highlight, open rates don't necessarily correlate with inbox placement.
Data interpretation: Critically analyze data from all sources, recognizing the limitations of each. Discrepancies between tools often stem from different methodologies and data collection points.
What email marketers say
Many email marketers question the direct correlation between reported inbox rates from tools like Return Path and their observed open rates. They often find that open rates remain relatively stable, even when inbox placement metrics fluctuate significantly. This leads to discussions about the true value and interpretation of these disparate data points.
Key opinions
Lack of direct correlation: Marketers frequently observe that their open rates don't change in lockstep with their reported inbox placement rates, leading to skepticism about the reliability of single metrics.
Engaged audience factor: Some believe that a consistent open rate, despite varied inbox rates, is a sign of a loyal and highly engaged subscriber segment that will seek out and open emails regardless of initial placement, potentially skewing overall open rate averages.
Beyond open rates: There's a growing consensus that open rates, especially since privacy updates, are not the ultimate measure of email campaign success or deliverability. Marketers increasingly look at click-through rates and conversions for a more accurate picture.
ISP weighting issues: Even with ISP weighting enabled in tools like Return Path, marketers express concern that the seed list's ISP distribution might not perfectly align with their actual subscriber base, causing discrepancies.
Segmentation: Consider segmenting your audience and analyzing engagement patterns for each segment, as highly engaged users can mask broader deliverability problems with less engaged segments.
Engagement quality: Focus on driving meaningful engagement that leads to clicks and conversions, rather than superficial opens. This can improve sender reputation and long-term deliverability. You can refer to EmailTooltester's methodology for evaluating deliverability.
Tool limitations: Acknowledge that any third-party tool, including Return Path, relies on a specific methodology (like seed lists) that may not perfectly reflect your unique email sending environment or recipient behavior. Understanding these limits helps in interpreting discrepancies between tools.
Marketer view
Marketer from Email Geeks observes that their open rates remained constant (12-13%) regardless of the Return Path inbox rate. This suggests a disconnect between the two metrics, leading to questions about Return Path's reliability.
02 Mar 2020 - Email Geeks
Marketer view
Marketer from Email Geeks notes that even with ISP-weighted options turned on in Return Path and an ISP breakdown that aligns with their list, the inbox rate still doesn't correlate with open rates. This indicates that factors beyond ISP distribution might be at play.
03 Mar 2020 - Email Geeks
What the experts say
Email deliverability experts often provide a more nuanced perspective on the relationship between Return Path's inbox rate and open rates. They acknowledge the limitations of third-party reporting tools and emphasize that multiple factors influence both inbox placement and user engagement.
Key opinions
Inherent unreliability: Experts generally agree that any third-party reported inbox rate, including Return Path's, possesses a degree of unreliability because it relies on seed lists that can't perfectly mimic every sender's unique audience and sending patterns.
Audience specificity: The ISP weighting of a seed list, even when adjusted, might not perfectly align with a sender's actual subscriber demographics, leading to skewed inbox placement metrics that don't reflect real-world performance for that sender.
Engagement versus delivery: It's possible that a consistent segment of highly engaged recipients consistently receives and opens emails, regardless of fluctuations in broader inbox placement, which can mask deliverability issues affecting other parts of the list. This is why Google Postmaster Tools IP reputation is a critical metric.
Open rates are not definitive: Experts stress that open rates alone are not a reliable proxy for inbox placement or engagement due to various factors, including image caching and privacy features, pushing for a move towards more actionable metrics like clicks and conversions.
Key considerations
Methodology transparency: Understand the methodology of any deliverability monitoring tool, including how seed lists are constructed and weighted, to better interpret its data in the context of your specific sending program.
Beyond seed lists: Supplement seed list data with internal metrics, ISP feedback loops, and Postmaster Tools data (e.g., Google Postmaster Tools) for a more comprehensive and accurate picture of deliverability. Sometimes, DMARC reports can also indicate issues even with good open rates.
User behavior: Recognize that user behavior, particularly the activity of highly engaged subscribers, can significantly influence reported open rates and potentially mask underlying deliverability challenges for the broader list.
Actionable insights: Focus on using deliverability data to identify actionable insights for improving sender reputation, content relevance, and list hygiene, rather than getting fixated on single, potentially misleading metrics. This includes understanding the value of Return Path certification.
Expert view
Expert from Email Geeks asserts that any third-party reported inbox rate is inherently unreliable, to varying degrees. This highlights a fundamental limitation of relying solely on external tools for a complete picture of deliverability.
02 Mar 2020 - Email Geeks
Expert view
Expert from Email Geeks suggests that a stable open rate despite fluctuating inbox rates could mean a consistent 11-12% of recipients always open messages. This segment's consistent engagement makes their mail less likely to end up in spam, even if overall reputation drops, which skews open rate perception.
02 Mar 2020 - Email Geeks
What the documentation says
Official documentation from email deliverability platforms and research bodies often defines metrics like inbox rate and open rate and discusses their individual purposes. While these sources may not directly address the non-correlation, they provide context on how these metrics are generated and what they are intended to measure, shedding light on potential discrepancies.
Key findings
Inbox rate definition: Documentation typically defines inbox rate as the percentage of emails delivered to the recipient's primary inbox, excluding spam or junk folders, usually determined via seed list testing.
Open rate definition: Open rate is generally defined as the percentage of recipients who opened an email, often tracked by a pixel. However, recent privacy changes have rendered this metric less accurate as an indicator of engagement or inbox placement.
Methodology differences: Return Path (Validity) documentation explains its seed list methodology for inbox placement, which involves sending emails to a panel of accounts. This differs from real-world open tracking from an ESP, which relies on subscriber action.
Engagement signals: Industry reports (such as those referenced by MarTech) often highlight that engagement signals like opens, clicks, and 'not spam' actions influence inbox placement. However, these are complex interactions not always directly reflected by single metrics.
Key considerations
Metric purpose: Recognize that different metrics serve different purposes. Inbox rate (from a seed list) indicates where an email lands, while open rate (from an ESP) measures a specific recipient action, which may or may not be tied to initial placement.
Data limitations: Be aware of the inherent limitations of each data source. Seed lists provide a sample, not a complete picture, and open rates are subject to technical and privacy-related inaccuracies, especially with modern email clients.
Contextual analysis: Always analyze data in context. A high open rate with a low reported inbox rate might suggest strong brand affinity among a core segment, while a low open rate with high inboxing indicates content or audience relevance issues. For deeper insights, you can review Return Path's email marketing report.
Evolving landscape: Stay updated on how email client privacy features (e.g., Apple Mail Privacy Protection) impact open rate tracking and how this affects the reliability of open rates as a deliverability indicator. This is part of a broader trend of email deliverability issues in 2025.
Technical article
Return Path's 'Metrics 202: Reputation' documentation indicates that their Sender Score Benchmark Report provides insights into general email marketing metrics related to sender reputation. This suggests their inbox rate is tied to a broader reputation assessment, which might not always directly align with individual campaign open rates.
10 Jan 2019 - Return Path
Technical article
Campaigner's blog on 'Quick Email Delivery Stats and Spam Rates' highlights that understanding what affects inbox success and how to improve email performance is key. This general guidance implies that many factors beyond a single reported inbox rate contribute to actual delivery and engagement.