AIOT vs VOO: Correlation
PowerFleet, Inc. (AIOT) and Vanguard S&P 500 ETF (VOO) 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 VOO?
Over the past 3 years, AIOT and VOO moved with a correlation of 0.54, which is moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 521.5 %².
Among the 14 assets we track against AIOT, VOO ranks #5 by 3-year correlation. The last year tells two different stories: VOO led by 58.1 percentage points, -37.5% for AIOT against +20.6% for VOO. Note the risk asymmetry: AIOT runs 4.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VOO: side by side
| AIOT (PowerFleet, Inc.) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | -37.5% | +20.6% |
| 5-year return | -57.4% | +83.0% |
| Volatility (ann.) | 67.2% | 14.4% |
| Beta vs S&P 500 | 2.51 | 0.99 |
| Max drawdown (3Y) | -67.2% | -18.7% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | US Listed | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | AIOT | VOO |
|---|---|---|
| 2022 | -43.2% | -18.2% |
| 2023 | +27.1% | +26.3% |
| 2024 | +94.7% | +25.0% |
| 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 VOO 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 VOO?
The AIOT/VOO correlation stands at 0.54 on a 3-year window (1 year: 0.55, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is VOO 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.
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Related comparisons
Hubs: AIOT correlations · VOO correlations
