HOOD vs IVV: Correlation
Measured on weekly returns over the past three years, Robinhood Markets (HOOD) and iShares Core S&P 500 ETF (IVV) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOOD and IVV?
Over the past 3 years, HOOD and IVV moved with a correlation of 0.59, which is moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.59 over 3. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 606.7 %².
Among the 39 assets we track against HOOD, IVV ranks #7 by 3-year correlation. Over the last 12 months IVV came out ahead by 14.1 percentage points (+6.6% against +20.7%). On a rolling one-year basis the correlation drifted between 0.31 and 0.77, a moderate band. Note the risk asymmetry: HOOD runs 4.9 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.
HOOD vs IVV: side by side
| HOOD (Robinhood Markets) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | +6.6% | +20.7% |
| 5-year return | +151.5% | +83.0% |
| Volatility (ann.) | 71.4% | 14.5% |
| Beta vs S&P 500 | 2.88 | 1.00 |
| Max drawdown (3Y) | -57.3% | -18.8% |
| Market cap | $98.7B | – |
| P/E (trailing) | 48.1 | – |
| Dividend yield | 0.00% | 1.09% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $869.2B |
| Sector / category | Financials | 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 | HOOD | IVV |
|---|---|---|
| 2022 | -54.2% | -18.2% |
| 2023 | +56.5% | +26.3% |
| 2024 | +192.5% | +24.9% |
| 2025 | +203.5% | +17.8% |
| 2026 | -3.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.13% of IVV is HOOD itself, so the fund partly moves with the stock by construction.
Are HOOD and IVV good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HOOD and IVV?
As of 2026-08-27, the correlation of weekly returns between HOOD and IVV is 0.59 over 3 years, 0.59 over 1 year and 0.53 over 5 years.
Is IVV a good diversifier for HOOD?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 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/hood-vs-ivv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hood-vs-ivv/)
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Related comparisons
Hubs: HOOD correlations · IVV correlations
