BEN vs IVZ: Correlation
How closely do Franklin Resources (BEN) and Invesco (IVZ) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEN and IVZ?
Across a 3-year window, the weekly returns of BEN and IVZ correlate at 0.62, strong. The link has loosened recently: the 1-year correlation (0.32) runs below the 3-year figure (0.62). Stretching to 5 years gives 0.71, with an annualized covariance of 566.5 %².
By 3-year correlation, IVZ places #5 of the 28 assets tracked against BEN. The trailing year gives IVZ the advantage: +43.0% versus +55.9%, a 12.9-point spread. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.30 to 0.88.
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.
BEN vs IVZ: side by side
| BEN (Franklin Resources) | IVZ (Invesco) | |
|---|---|---|
| 1-year return | +43.0% | +55.9% |
| 5-year return | +37.6% | +63.7% |
| Volatility (ann.) | 27.9% | 32.6% |
| Beta vs S&P 500 | 1.01 | 1.29 |
| Max drawdown (3Y) | -40.0% | -36.5% |
| Market cap | $17.7B | $14.7B |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 3.74% | 2.58% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BEN | IVZ |
|---|---|---|
| 2022 | -17.5% | -18.7% |
| 2023 | +17.0% | +4.2% |
| 2024 | -27.2% | +3.0% |
| 2025 | +24.8% | +56.9% |
| 2026 | +49.4% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEN and IVZ good diversifiers for each other?
Only partially. A correlation of 0.62 means BEN 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 BEN and IVZ?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.32 over the last year and 0.71 over 5 years.
Is IVZ a good diversifier for BEN?
Only partially. A correlation of 0.62 means BEN 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 0.62 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ben-vs-ivz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ben-vs-ivz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BEN correlations · IVZ correlations
