BLK vs IVZ: Correlation
BlackRock (BLK) 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 BLK and IVZ?
Across a 3-year window, the weekly returns of BLK and IVZ correlate at 0.67, strong. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. Stretching to 5 years gives 0.72, with an annualized covariance of 543.7 %².
Among the 42 assets we track against BLK, IVZ ranks #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IVZ ahead by 50.6 points (+5.3% versus +55.9%). The rolling one-year correlation moved between 0.54 and 0.82 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.
BLK vs IVZ: side by side
| BLK (BlackRock) | IVZ (Invesco) | |
|---|---|---|
| 1-year return | +5.3% | +55.9% |
| 5-year return | +38.9% | +63.7% |
| Volatility (ann.) | 24.7% | 32.6% |
| Beta vs S&P 500 | 1.19 | 1.29 |
| Max drawdown (3Y) | -23.7% | -36.5% |
| Market cap | $189.7B | $14.7B |
| P/E (trailing) | 28.1 | – |
| Dividend yield | 1.86% | 2.58% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BLK | IVZ |
|---|---|---|
| 2022 | -20.4% | -18.7% |
| 2023 | +17.9% | +4.2% |
| 2024 | +29.3% | +3.0% |
| 2025 | +6.6% | +56.9% |
| 2026 | +10.3% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLK and IVZ good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BLK and IVZ?
As of 2026-08-27, the correlation of weekly returns between BLK and IVZ is 0.67 over 3 years, 0.63 over 1 year and 0.72 over 5 years.
Is IVZ a good diversifier for BLK?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 mean?
A reading of 0.67 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/blk-vs-ivz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/blk-vs-ivz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BLK correlations · IVZ correlations
