CPRT vs IVV: Correlation
Measured on weekly returns over the past three years, Copart (CPRT) and iShares Core S&P 500 ETF (IVV) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPRT and IVV?
Over the past 3 years, CPRT and IVV moved with a correlation of 0.48, which is moderate. The link has loosened recently: the 1-year correlation (0.20) runs below the 3-year figure (0.48). Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 180.8 %².
By 3-year correlation, IVV places #11 of the 35 assets tracked against CPRT. Their recent paths diverged sharply: over the last 12 months IVV outperformed by 53.3 percentage points (-32.6% for CPRT against +20.7% for IVV). Across three years, the rolling one-year figure varied moderately, from 0.27 to 0.73. Risk is not evenly split, since CPRT carries 1.8 times the volatility of the other side.
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.
CPRT vs IVV: side by side
| CPRT (Copart) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | -32.6% | +20.7% |
| 5-year return | -9.3% | +83.0% |
| Volatility (ann.) | 26.0% | 14.5% |
| Beta vs S&P 500 | 0.86 | 1.00 |
| Max drawdown (3Y) | -57.4% | -18.8% |
| Market cap | $30.3B | – |
| P/E (trailing) | 20.2 | – |
| 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 | CPRT | IVV |
|---|---|---|
| 2022 | -19.7% | -18.2% |
| 2023 | +60.9% | +26.3% |
| 2024 | +17.1% | +24.9% |
| 2025 | -31.8% | +17.8% |
| 2026 | -16.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPRT and IVV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CPRT and IVV?
As of 2026-08-27, the correlation of weekly returns between CPRT and IVV is 0.48 over 3 years, 0.20 over 1 year and 0.59 over 5 years.
Is IVV a good diversifier for CPRT?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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
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Related comparisons
Hubs: CPRT correlations · IVV correlations
