ADI vs IVV: Correlation
How closely do Analog Devices (ADI) and iShares Core S&P 500 ETF (IVV) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and IVV?
On 3 years of weekly data the ADI/IVV correlation comes out at 0.69, strong. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. The 5-year figure is 0.69, and annualized covariance runs at 327.2 %².
Within ADI's tracked universe of 51 assets, IVV comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ADI ahead by 27.9 points (+48.6% versus +20.7%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.56 and 0.79. One caveat on sizing: ADI is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ADI vs IVV: side by side
| ADI (Analog Devices) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | +48.6% | +20.7% |
| 5-year return | +143.1% | +83.0% |
| Volatility (ann.) | 32.6% | 14.5% |
| Beta vs S&P 500 | 1.56 | 1.00 |
| Max drawdown (3Y) | -32.2% | -18.8% |
| Market cap | $181.5B | – |
| P/E (trailing) | 44.6 | – |
| Dividend yield | 1.15% | 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 | ADI | IVV |
|---|---|---|
| 2022 | -4.9% | -18.2% |
| 2023 | +23.4% | +26.3% |
| 2024 | +8.8% | +24.9% |
| 2025 | +29.8% | +17.8% |
| 2026 | +38.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
ADI represents 0.27% of IVV's portfolio, so part of any move in IVV is ADI itself, and the correlation between them is partly mechanical.
Are ADI and IVV good diversifiers for each other?
Only partially. A correlation of 0.69 means ADI and IVV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ADI and IVV?
The ADI/IVV correlation stands at 0.69 on a 3-year window (1 year: 0.65, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is IVV a good diversifier for ADI?
Only partially. A correlation of 0.69 means ADI and IVV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 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/adi-vs-ivv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adi-vs-ivv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADI correlations · IVV correlations
