DECK vs IVV: Correlation
Deckers Brands (DECK) and iShares Core S&P 500 ETF (IVV) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DECK and IVV?
Over the past 3 years, DECK and IVV moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.40 over 3. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 251.8 %².
Among the 31 assets we track against DECK, IVV ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IVV outperformed by 46.7 percentage points (-26.0% for DECK against +20.7% for IVV). This link changes with the market regime, having swung between 0.08 and 0.59 on a rolling one-year basis. Note the risk asymmetry: DECK runs 3.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DECK vs IVV: side by side
| DECK (Deckers Brands) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | -26.0% | +20.7% |
| 5-year return | +22.8% | +83.0% |
| Volatility (ann.) | 43.6% | 14.5% |
| Beta vs S&P 500 | 1.20 | 1.00 |
| Max drawdown (3Y) | -64.3% | -18.8% |
| Market cap | $11.8B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 0.00% | 1.09% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $869.2B |
| Sector / category | Consumer Discretionary | 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 | DECK | IVV |
|---|---|---|
| 2022 | +9.0% | -18.2% |
| 2023 | +67.5% | +26.3% |
| 2024 | +82.3% | +24.9% |
| 2025 | -49.0% | +17.8% |
| 2026 | -16.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DECK and IVV good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DECK and IVV?
The DECK/IVV correlation stands at 0.40 on a 3-year window (1 year: 0.32, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is IVV a good diversifier for DECK?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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/deck-vs-ivv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/deck-vs-ivv/)
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Related comparisons
Hubs: DECK correlations · IVV correlations
