IEF vs RKT: Correlation
How closely do iShares 7-10 Year Treasury Bond ETF (IEF) and Rocket Companies, Inc. (RKT) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IEF and RKT?
Over the past 3 years, IEF and RKT moved with a correlation of 0.64, which is strong. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 229.2 %².
By 3-year correlation, RKT places #16 of the 48 assets tracked against IEF. The last year tells two different stories: IEF led by 22.1 percentage points, +0.9% for IEF against -21.2% for RKT. Risk is not evenly split, since RKT carries 8.5 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.
IEF vs RKT: side by side
| IEF (iShares 7-10 Year Treasury Bond ETF) | RKT (Rocket Companies, Inc.) | |
|---|---|---|
| 1-year return | +0.9% | -21.2% |
| 5-year return | -7.9% | -7.5% |
| Volatility (ann.) | 6.5% | 55.4% |
| Beta vs S&P 500 | 0.04 | 1.02 |
| Max drawdown (3Y) | -6.9% | -50.6% |
| Market cap | – | $40.3B |
| P/E (trailing) | – | – |
| Dividend yield | 3.96% | 0.00% |
| Expense ratio | 0.15% | – |
| Assets under management | $47.2B | – |
| Sector / category | ETF · Bonds | US Listed |
On the fund side, IEF sits in the Long Government category at iShares, with $47.2B under management, a 0.15% expense ratio, a 3.96% trailing dividend yield.
Year-by-year returns
| Year | IEF | RKT |
|---|---|---|
| 2022 | -15.2% | -46.2% |
| 2023 | +3.6% | +106.9% |
| 2024 | -0.6% | -22.2% |
| 2025 | +8.0% | +81.7% |
| 2026 | -0.8% | -26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IEF and RKT good diversifiers for each other?
Only partially. A correlation of 0.64 means IEF and RKT 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 IEF and RKT?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.61 over the last year and 0.58 over 5 years.
Is RKT a good diversifier for IEF?
Only partially. A correlation of 0.64 means IEF and RKT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 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/ief-vs-rkt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ief-vs-rkt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IEF correlations · RKT correlations
