APAM vs IVZ: Correlation
Artisan Partners Asset Management Inc. (APAM) and Invesco (IVZ) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APAM and IVZ?
On 3 years of weekly data the APAM/IVZ correlation comes out at 0.67, strong. The link has loosened recently: the 1-year correlation (0.49) runs below the 3-year figure (0.67). The 5-year figure is 0.71, and annualized covariance runs at 586.0 %².
Among the 17 assets we track against APAM, IVZ ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IVZ outperformed by 54.7 percentage points (+1.2% for APAM against +55.9% for IVZ).
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.
APAM vs IVZ: side by side
| APAM (Artisan Partners Asset Management Inc.) | IVZ (Invesco) | |
|---|---|---|
| 1-year return | +1.2% | +55.9% |
| 5-year return | +28.1% | +63.7% |
| Volatility (ann.) | 27.0% | 32.6% |
| Beta vs S&P 500 | 1.14 | 1.29 |
| Max drawdown (3Y) | -28.9% | -36.5% |
| Market cap | $3.1B | $14.7B |
| P/E (trailing) | 10.4 | – |
| Dividend yield | 7.95% | 2.58% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | APAM | IVZ |
|---|---|---|
| 2022 | -31.3% | -18.7% |
| 2023 | +60.3% | +4.2% |
| 2024 | +4.8% | +3.0% |
| 2025 | +2.7% | +56.9% |
| 2026 | +15.4% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APAM and IVZ good diversifiers for each other?
Only partially. A correlation of 0.67 means APAM and IVZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between APAM and IVZ?
As of 2026-08-27, the correlation of weekly returns between APAM and IVZ is 0.67 over 3 years, 0.49 over 1 year and 0.71 over 5 years.
Is IVZ a good diversifier for APAM?
Only partially. A correlation of 0.67 means APAM and IVZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apam-vs-ivz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apam-vs-ivz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APAM correlations · IVZ correlations
