ARES vs IVV: Correlation
Ares Management (ARES) and iShares Core S&P 500 ETF (IVV) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARES and IVV?
Across a 3-year window, the weekly returns of ARES and IVV correlate at 0.63, strong. The link has loosened recently: the 1-year correlation (0.46) runs below the 3-year figure (0.63). Stretching to 5 years gives 0.71, with an annualized covariance of 325.7 %².
By 3-year correlation, IVV places #11 of the 32 assets tracked against ARES. Correlation aside, the last 12 months split them widely, with IVV ahead by 38.4 points (-17.7% versus +20.7%). The rolling one-year correlation moved between 0.41 and 0.85 over the past three years, a moderate range. One caveat on sizing: ARES is 2.4 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.
ARES vs IVV: side by side
| ARES (Ares Management) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | -17.7% | +20.7% |
| 5-year return | +118.7% | +83.0% |
| Volatility (ann.) | 35.5% | 14.5% |
| Beta vs S&P 500 | 1.55 | 1.00 |
| Max drawdown (3Y) | -50.0% | -18.8% |
| Market cap | $47.0B | – |
| P/E (trailing) | 65.0 | – |
| Dividend yield | 3.48% | 1.09% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $869.2B |
| Sector / category | Financials | 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 | ARES | IVV |
|---|---|---|
| 2022 | -12.8% | -18.2% |
| 2023 | +79.5% | +26.3% |
| 2024 | +52.7% | +24.9% |
| 2025 | -6.2% | +17.8% |
| 2026 | -9.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
ARES represents 0.05% of IVV's portfolio, so part of any move in IVV is ARES itself, and the correlation between them is partly mechanical.
Are ARES and IVV good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARES and IVV?
As of 2026-08-27, the correlation of weekly returns between ARES and IVV is 0.63 over 3 years, 0.46 over 1 year and 0.71 over 5 years.
Is IVV a good diversifier for ARES?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
A reading of 0.63 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/ares-vs-ivv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ares-vs-ivv/)
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Related comparisons
Hubs: ARES correlations · IVV correlations
