ACV vs IPWR: Correlation
Virtus Diversified Income & Convertible Fund (ACV) and Ideal Power Inc. (IPWR) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACV and IPWR?
Over the past 3 years, ACV and IPWR moved with a correlation of 0.34, which is moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 567.5 %².
IPWR is close to the least connected end of ACV's tracked universe, ranking #14 of 17. The last year tells two different stories: ACV led by 31.1 percentage points, +27.4% for ACV against -3.7% for IPWR. Risk is not evenly split, since IPWR carries 4.4 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.
ACV vs IPWR: side by side
| ACV (Virtus Diversified Income & Convertible Fund) | IPWR (Ideal Power Inc.) | |
|---|---|---|
| 1-year return | +27.4% | -3.7% |
| 5-year return | +45.0% | -68.3% |
| Volatility (ann.) | 19.4% | 86.2% |
| Beta vs S&P 500 | 1.02 | 1.72 |
| Max drawdown (3Y) | -23.5% | -80.0% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | 5.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACV | IPWR |
|---|---|---|
| 2022 | -36.0% | -11.3% |
| 2023 | +26.0% | -27.4% |
| 2024 | +15.4% | -2.8% |
| 2025 | +33.7% | -59.1% |
| 2026 | +7.0% | +60.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACV and IPWR good diversifiers for each other?
Reasonably. At 0.34, ACV and IPWR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACV and IPWR?
As of 2026-08-27, the correlation of weekly returns between ACV and IPWR is 0.34 over 3 years, 0.41 over 1 year and 0.30 over 5 years.
Is IPWR a good diversifier for ACV?
Reasonably. At 0.34, ACV and IPWR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acv-vs-ipwr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acv-vs-ipwr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACV correlations · IPWR correlations
