APO vs IBKR: Correlation
Measured on weekly returns over the past three years, Apollo Global Management (APO) and Interactive Brokers (IBKR) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APO and IBKR?
Across a 3-year window, the weekly returns of APO and IBKR correlate at 0.54, moderate. The past 12 months show a weaker link (0.42) than the 3-year average (0.54). Stretching to 5 years gives 0.54, with an annualized covariance of 673.9 %².
By 3-year correlation, IBKR places #20 of the 33 assets tracked against APO. Their recent paths diverged sharply: over the last 12 months IBKR outperformed by 57.1 percentage points (-0.1% for APO against +57.0% for IBKR). The rolling one-year correlation moved between 0.21 and 0.67 over the past three years, a moderate range.
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.
APO vs IBKR: side by side
| APO (Apollo Global Management) | IBKR (Interactive Brokers) | |
|---|---|---|
| 1-year return | -0.1% | +57.0% |
| 5-year return | +149.7% | +516.0% |
| Volatility (ann.) | 36.8% | 33.9% |
| Beta vs S&P 500 | 1.62 | 1.37 |
| Max drawdown (3Y) | -42.8% | -38.7% |
| Market cap | $78.8B | $164.5B |
| P/E (trailing) | 47.5 | 38.5 |
| Dividend yield | 1.60% | 0.34% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | APO | IBKR |
|---|---|---|
| 2022 | -9.6% | -8.4% |
| 2023 | +49.4% | +15.1% |
| 2024 | +79.9% | +114.4% |
| 2025 | -11.1% | +46.4% |
| 2026 | -6.7% | +50.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APO and IBKR 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 APO and IBKR?
As of 2026-08-27, the correlation of weekly returns between APO and IBKR is 0.54 over 3 years, 0.42 over 1 year and 0.54 over 5 years.
Is IBKR a good diversifier for APO?
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?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: APO correlations · IBKR correlations
