BA vs IVV: Correlation
Boeing (BA) and iShares Core S&P 500 ETF (IVV) 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 BA and IVV?
Over the past 3 years, BA and IVV moved with a correlation of 0.57, which is moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 301.1 %².
Within BA's tracked universe of 37 assets, IVV comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IVV outperformed by 31.6 percentage points (-10.9% for BA against +20.7% for IVV). On a rolling one-year basis the correlation drifted between 0.26 and 0.71, a moderate band. One caveat on sizing: BA is 2.5 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.
BA vs IVV: side by side
| BA (Boeing) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | -10.9% | +20.7% |
| 5-year return | -3.6% | +83.0% |
| Volatility (ann.) | 36.4% | 14.5% |
| Beta vs S&P 500 | 1.43 | 1.00 |
| Max drawdown (3Y) | -48.3% | -18.8% |
| Market cap | $165.9B | – |
| P/E (trailing) | 76.3 | – |
| Dividend yield | 0.00% | 1.09% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $869.2B |
| Sector / category | Industrials | 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 | BA | IVV |
|---|---|---|
| 2022 | -5.4% | -18.2% |
| 2023 | +36.8% | +26.3% |
| 2024 | -32.1% | +24.9% |
| 2025 | +22.7% | +17.8% |
| 2026 | -3.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that IVV holds BA at a 0.25% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are BA and IVV 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 BA and IVV?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.53 over the last year and 0.54 over 5 years.
Is IVV a good diversifier for BA?
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?
A reading of 0.57 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/ba-vs-ivv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ba-vs-ivv/)
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Related comparisons
Hubs: BA correlations · IVV correlations
