In ergodic quantum systems, physical observables have a non-relaxing component if they overlap with a conserved quantity. In interacting microscopic models, how to isolate the non-relaxing component is unclear. We compute exact dynamical correlators governed by a Hamiltonian composed of two large interacting random matrices, $H=A+B$. We analytically obtain the late-time value of $langle A(t) A(0) rangle$; this quantifies the non-relaxing part of the observable $A$. The relaxation to this value is governed by a power-law determined by the spectrum of the Hamiltonian $H$, independent of the observable $A$. For Gaussian matrices, we further compute out-of-time-ordered-correlators (OTOCs) and find that the existence of a non-relaxing part of $A$ leads to modifications of the late time values and exponents. Our results follow from exact resummation of a diagrammatic expansion and hyperoperator techniques.
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