AIOT vs IVV: Correlation
PowerFleet, Inc. (AIOT) and iShares Core S&P 500 ETF (IVV) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIOT and IVV?
Across a 3-year window, the weekly returns of AIOT and IVV correlate at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 528.3 %².
In AIOT's tracked universe of 14 assets, IVV sits right near the top at #3. Correlation aside, the last 12 months split them widely, with IVV ahead by 58.2 points (-37.5% versus +20.7%). One caveat on sizing: AIOT is 4.6 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.
AIOT vs IVV: side by side
| AIOT (PowerFleet, Inc.) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | -37.5% | +20.7% |
| 5-year return | -57.4% | +83.0% |
| Volatility (ann.) | 67.2% | 14.5% |
| Beta vs S&P 500 | 2.51 | 1.00 |
| Max drawdown (3Y) | -67.2% | -18.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | AIOT | IVV |
|---|---|---|
| 2022 | -43.2% | -18.2% |
| 2023 | +27.1% | +26.3% |
| 2024 | +94.7% | +24.9% |
| 2025 | -20.1% | +17.8% |
| 2026 | -43.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIOT and IVV good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AIOT and IVV?
As of 2026-08-27, the correlation of weekly returns between AIOT and IVV is 0.54 over 3 years, 0.55 over 1 year and 0.43 over 5 years.
Is IVV a good diversifier for AIOT?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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/aiot-vs-ivv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aiot-vs-ivv/)
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Related comparisons
Hubs: AIOT correlations · IVV correlations
