AMBA vs IVV: Correlation
Ambarella, Inc. (AMBA) and iShares Core S&P 500 ETF (IVV) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMBA and IVV?
Across a 3-year window, the weekly returns of AMBA and IVV correlate at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.36 versus 0.52 over 3 years. Stretching to 5 years gives 0.55, with an annualized covariance of 452.5 %².
IVV is one of the assets that tracks AMBA most closely: it ranks #2 out of the 10 assets we track against AMBA. Correlation aside, the last 12 months split them widely, with IVV ahead by 21.8 points (-1.1% versus +20.7%). One caveat on sizing: AMBA is 4.1 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.
AMBA vs IVV: side by side
| AMBA (Ambarella, Inc.) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | -1.1% | +20.7% |
| 5-year return | -32.5% | +83.0% |
| Volatility (ann.) | 59.8% | 14.5% |
| Beta vs S&P 500 | 2.14 | 1.00 |
| Max drawdown (3Y) | -51.4% | -18.8% |
| Market cap | $3.1B | – |
| 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 | AMBA | IVV |
|---|---|---|
| 2022 | -59.5% | -18.2% |
| 2023 | -25.5% | +26.3% |
| 2024 | +18.7% | +24.9% |
| 2025 | -2.6% | +17.8% |
| 2026 | +0.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMBA and IVV good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMBA and IVV?
The AMBA/IVV correlation stands at 0.52 on a 3-year window (1 year: 0.36, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is IVV a good diversifier for AMBA?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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/amba-vs-ivv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amba-vs-ivv/)
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Related comparisons
Hubs: AMBA correlations · IVV correlations
