IBKR vs IVV: Correlation
How closely do Interactive Brokers (IBKR) and iShares Core S&P 500 ETF (IVV) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBKR and IVV?
Across a 3-year window, the weekly returns of IBKR and IVV correlate at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 288.6 %².
Few assets follow IBKR as closely as IVV, which ranks #3 of 32 tracked partners. The last year tells two different stories: IBKR led by 36.3 percentage points, +57.0% for IBKR against +20.7% for IVV. This link changes with the market regime, having swung between 0.09 and 0.76 on a rolling one-year basis. Note the risk asymmetry: IBKR runs 2.3 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.
IBKR vs IVV: side by side
| IBKR (Interactive Brokers) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | +57.0% | +20.7% |
| 5-year return | +516.0% | +83.0% |
| Volatility (ann.) | 33.9% | 14.5% |
| Beta vs S&P 500 | 1.37 | 1.00 |
| Max drawdown (3Y) | -38.7% | -18.8% |
| Market cap | $164.5B | – |
| P/E (trailing) | 38.5 | – |
| Dividend yield | 0.34% | 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 | IBKR | IVV |
|---|---|---|
| 2022 | -8.4% | -18.2% |
| 2023 | +15.1% | +26.3% |
| 2024 | +114.4% | +24.9% |
| 2025 | +46.4% | +17.8% |
| 2026 | +50.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.07% of IVV is IBKR itself, so the fund partly moves with the stock by construction.
Are IBKR and IVV good diversifiers for each other?
Only partially. A correlation of 0.59 means IBKR and IVV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between IBKR and IVV?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.58 over the last year and 0.55 over 5 years.
Is IVV a good diversifier for IBKR?
Only partially. A correlation of 0.59 means IBKR and IVV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ibkr-vs-ivv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ibkr-vs-ivv/)
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Related comparisons
Hubs: IBKR correlations · IVV correlations
