AAPL vs IVV: Correlation
Measured on weekly returns over the past three years, Apple Inc. (AAPL) and iShares Core S&P 500 ETF (IVV) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAPL and IVV?
Across a 3-year window, the weekly returns of AAPL and IVV correlate at 0.57, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.43 versus 0.57 over 3 years. Stretching to 5 years gives 0.68, with an annualized covariance of 223.6 %².
IVV is one of the assets that tracks AAPL most closely: it ranks #2 out of the 32 assets we track against AAPL. Correlation aside, the last 12 months split them widely, with AAPL ahead by 16.3 points (+37.0% versus +20.7%). The rolling one-year correlation moved between 0.39 and 0.78 over the past three years, a moderate range. Risk is not evenly split, since AAPL carries 1.9 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.
AAPL vs IVV: side by side
| AAPL (Apple Inc.) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | +37.0% | +20.7% |
| 5-year return | +110.6% | +83.0% |
| Volatility (ann.) | 27.2% | 14.5% |
| Beta vs S&P 500 | 1.06 | 1.00 |
| Max drawdown (3Y) | -33.4% | -18.8% |
| Market cap | $4,591.0B | – |
| P/E (trailing) | 36.1 | – |
| Dividend yield | 0.33% | 1.09% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $869.2B |
| Sector / category | Information Technology | ETF · US Large Cap |
IVV is a Large Blend fund from iShares: $869.2B under management, 503 holdings, a 0.03% expense ratio, a 1.09% trailing dividend yield.
Year-by-year returns
| Year | AAPL | IVV |
|---|---|---|
| 2022 | -26.4% | -18.2% |
| 2023 | +49.0% | +26.3% |
| 2024 | +30.7% | +24.9% |
| 2025 | +9.1% | +17.8% |
| 2026 | +16.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 6.96% of IVV is AAPL itself, so the fund partly moves with the stock by construction.
Are AAPL and IVV good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AAPL and IVV?
As of 2026-08-27, the correlation of weekly returns between AAPL and IVV is 0.57 over 3 years, 0.43 over 1 year and 0.68 over 5 years.
Is IVV a good diversifier for AAPL?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
A reading of 0.57 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/aapl-vs-ivv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aapl-vs-ivv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AAPL correlations · IVV correlations
