AMZN vs IVV: Correlation
Amazon (AMZN) and iShares Core S&P 500 ETF (IVV) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZN and IVV?
Over the past 3 years, AMZN and IVV moved with a correlation of 0.69, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.58 versus 0.69 over 3 years. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 311.4 %².
Within AMZN's tracked universe of 38 assets, IVV comes in at #7 by 3-year correlation. On 12-month performance IVV holds a 8.9-point edge, +11.8% against +20.7%. The rolling one-year correlation moved between 0.56 and 0.81 over the past three years, a moderate range. Risk is not evenly split, since AMZN carries 2.1 times the volatility of the other side.
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.
AMZN vs IVV: side by side
| AMZN (Amazon) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | +11.8% | +20.7% |
| 5-year return | +49.8% | +83.0% |
| Volatility (ann.) | 31.0% | 14.5% |
| Beta vs S&P 500 | 1.48 | 1.00 |
| Max drawdown (3Y) | -30.9% | -18.8% |
| Market cap | $2,764.1B | – |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 0.00% | 1.09% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $869.2B |
| Sector / category | Consumer Discretionary | 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 | AMZN | IVV |
|---|---|---|
| 2022 | -49.6% | -18.2% |
| 2023 | +80.9% | +26.3% |
| 2024 | +44.4% | +24.9% |
| 2025 | +5.2% | +17.8% |
| 2026 | +11.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
AMZN represents 3.85% of IVV's portfolio, so part of any move in IVV is AMZN itself, and the correlation between them is partly mechanical.
Are AMZN and IVV good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AMZN and IVV?
As of 2026-08-27, the correlation of weekly returns between AMZN and IVV is 0.69 over 3 years, 0.58 over 1 year and 0.70 over 5 years.
Is IVV a good diversifier for AMZN?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 mean?
A reading of 0.69 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/amzn-vs-ivv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amzn-vs-ivv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMZN correlations · IVV correlations
