IVV vs KEYS: Correlation
How closely do iShares Core S&P 500 ETF (IVV) and Keysight Technologies (KEYS) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVV and KEYS?
On 3 years of weekly data the IVV/KEYS correlation comes out at 0.62, strong. Lately the two have drifted apart, with the 1-year correlation at 0.46 versus 0.62 over 3 years. The 5-year figure is 0.64, and annualized covariance runs at 332.3 %².
Among the 122 assets we track against IVV, KEYS ranks #59 by 3-year correlation. The last year tells two different stories: KEYS led by 76.7 percentage points, +20.7% for IVV against +97.4% for KEYS. On a rolling one-year basis the correlation drifted between 0.44 and 0.80, a moderate band. Risk is not evenly split, since KEYS carries 2.5 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.
IVV vs KEYS: side by side
| IVV (iShares Core S&P 500 ETF) | KEYS (Keysight Technologies) | |
|---|---|---|
| 1-year return | +20.7% | +97.4% |
| 5-year return | +83.0% | +81.9% |
| Volatility (ann.) | 14.5% | 36.8% |
| Beta vs S&P 500 | 1.00 | 1.58 |
| Max drawdown (3Y) | -18.8% | -31.4% |
| Market cap | – | $55.5B |
| P/E (trailing) | – | 43.5 |
| Dividend yield | 1.09% | 0.00% |
| Expense ratio | 0.03% | – |
| Assets under management | $869.2B | – |
| Sector / category | ETF · US Large Cap | Information Technology |
IVV, iShares's Large Blend fund, carries $869.2B under management, 503 holdings, a 0.03% expense ratio, a 1.09% trailing dividend yield.
Year-by-year returns
| Year | IVV | KEYS |
|---|---|---|
| 2022 | -18.2% | -17.2% |
| 2023 | +26.3% | -7.0% |
| 2024 | +24.9% | +1.0% |
| 2025 | +17.8% | +26.5% |
| 2026 | +13.7% | +60.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.08% of IVV is KEYS itself, so the fund partly moves with the stock by construction.
Are IVV and KEYS good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IVV and KEYS?
As of 2026-08-27, the correlation of weekly returns between IVV and KEYS is 0.62 over 3 years, 0.46 over 1 year and 0.64 over 5 years.
Is KEYS a good diversifier for IVV?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 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/ivv-vs-keys.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ivv-vs-keys/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IVV correlations · KEYS correlations
