AMG vs IVZ: Correlation
Affiliated Managers Group, Inc. (AMG) and Invesco (IVZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMG and IVZ?
Over the past 3 years, AMG and IVZ moved with a correlation of 0.57, which is moderate. The past 12 months show a weaker link (0.34) than the 3-year average (0.57). Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 498.6 %².
IVZ is one of the assets that tracks AMG most closely: it ranks #3 out of the 13 assets we track against AMG. On 12-month performance AMG holds a 6.8-point edge, +62.7% against +55.9%.
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.
AMG vs IVZ: side by side
| AMG (Affiliated Managers Group, Inc.) | IVZ (Invesco) | |
|---|---|---|
| 1-year return | +62.7% | +55.9% |
| 5-year return | +116.5% | +63.7% |
| Volatility (ann.) | 26.6% | 32.6% |
| Beta vs S&P 500 | 0.82 | 1.29 |
| Max drawdown (3Y) | -27.0% | -36.5% |
| Market cap | $9.6B | $14.7B |
| P/E (trailing) | 13.0 | – |
| Dividend yield | 0.01% | 2.58% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AMG | IVZ |
|---|---|---|
| 2022 | -3.7% | -18.7% |
| 2023 | -4.4% | +4.2% |
| 2024 | +22.2% | +3.0% |
| 2025 | +55.9% | +56.9% |
| 2026 | +28.5% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMG and IVZ good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMG and IVZ?
The AMG/IVZ correlation stands at 0.57 on a 3-year window (1 year: 0.34, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is IVZ a good diversifier for AMG?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 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/amg-vs-ivz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amg-vs-ivz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMG correlations · IVZ correlations
