FFIV vs IVV: Correlation
F5, Inc. (FFIV) and iShares Core S&P 500 ETF (IVV) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFIV and IVV?
Across a 3-year window, the weekly returns of FFIV and IVV correlate at 0.42, moderate. The link has loosened recently: the 1-year correlation (0.20) runs below the 3-year figure (0.42). Stretching to 5 years gives 0.56, with an annualized covariance of 162.3 %².
By 3-year correlation, IVV places #16 of the 34 assets tracked against FFIV. On 12-month performance FFIV holds a 8.4-point edge, +29.1% against +20.7%. The relationship is regime-dependent: the rolling one-year correlation swung between 0.15 and 0.72 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since FFIV 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.
FFIV vs IVV: side by side
| FFIV (F5, Inc.) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | +29.1% | +20.7% |
| 5-year return | +99.3% | +83.0% |
| Volatility (ann.) | 26.6% | 14.5% |
| Beta vs S&P 500 | 0.77 | 1.00 |
| Max drawdown (3Y) | -34.7% | -18.8% |
| Market cap | $23.2B | – |
| P/E (trailing) | 31.8 | – |
| Dividend yield | 0.00% | 1.09% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $869.2B |
| Sector / category | Information Technology | 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 | FFIV | IVV |
|---|---|---|
| 2022 | -41.4% | -18.2% |
| 2023 | +24.7% | +26.3% |
| 2024 | +40.5% | +24.9% |
| 2025 | +1.5% | +17.8% |
| 2026 | +60.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFIV and IVV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FFIV and IVV?
The FFIV/IVV correlation stands at 0.42 on a 3-year window (1 year: 0.20, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is IVV a good diversifier for FFIV?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/ffiv-vs-ivv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ffiv-vs-ivv/)
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Related comparisons
Hubs: FFIV correlations · IVV correlations
