ADX vs IVV: Correlation
Adams Diversified Equity Fund Inc. (ADX) and iShares Core S&P 500 ETF (IVV) show a very strong relationship: their 3-year correlation of weekly returns is 0.88.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADX and IVV?
Over the past 3 years, ADX and IVV moved with a correlation of 0.88, which is very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.72) than the 3-year average (0.88). Over 5 years the correlation is 0.89, and the annualized covariance of weekly returns is 201.1 %².
In ADX's tracked universe of 12 assets, IVV sits right near the top at #3. The trailing year gives ADX the advantage: +29.5% versus +20.7%, a 8.8-point spread.
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.
ADX vs IVV: side by side
| ADX (Adams Diversified Equity Fund Inc.) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | +29.5% | +20.7% |
| 5-year return | +88.9% | +83.0% |
| Volatility (ann.) | 15.7% | 14.5% |
| Beta vs S&P 500 | 0.96 | 1.00 |
| Max drawdown (3Y) | -18.3% | -18.8% |
| Market cap | $3.3B | – |
| P/E (trailing) | 5.3 | – |
| Dividend yield | 7.26% | 1.09% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $869.2B |
| Sector / category | US Listed | 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 | ADX | IVV |
|---|---|---|
| 2022 | -19.8% | -18.2% |
| 2023 | +31.5% | +26.3% |
| 2024 | +28.3% | +24.9% |
| 2025 | +26.0% | +17.8% |
| 2026 | +18.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADX and IVV good diversifiers for each other?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between ADX and IVV?
As of 2026-08-27, the correlation of weekly returns between ADX and IVV is 0.88 over 3 years, 0.72 over 1 year and 0.89 over 5 years.
Is IVV a good diversifier for ADX?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.88 mean?
A reading of 0.88 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/adx-vs-ivv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adx-vs-ivv/)
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Related comparisons
Hubs: ADX correlations · IVV correlations
