IVV vs NFLX: Correlation
iShares Core S&P 500 ETF (IVV) and Netflix (NFLX) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVV and NFLX?
Across a 3-year window, the weekly returns of IVV and NFLX correlate at 0.41, moderate. The past 12 months show a weaker link (0.11) than the 3-year average (0.41). Stretching to 5 years gives 0.53, with an annualized covariance of 209.9 %².
By 3-year correlation, NFLX places #104 of the 122 assets tracked against IVV. The last year tells two different stories: IVV led by 55.4 percentage points, +20.7% for IVV against -34.7% for NFLX. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.10 to 0.71. Note the risk asymmetry: NFLX runs 2.4 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.
IVV vs NFLX: side by side
| IVV (iShares Core S&P 500 ETF) | NFLX (Netflix) | |
|---|---|---|
| 1-year return | +20.7% | -34.7% |
| 5-year return | +83.0% | +41.0% |
| Volatility (ann.) | 14.5% | 35.2% |
| Beta vs S&P 500 | 1.00 | 0.99 |
| Max drawdown (3Y) | -18.8% | -49.5% |
| Market cap | – | $332.4B |
| P/E (trailing) | – | 25.7 |
| Dividend yield | 1.09% | 0.00% |
| Expense ratio | 0.03% | – |
| Assets under management | $869.2B | – |
| Sector / category | ETF · US Large Cap | Communication Services |
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 | IVV | NFLX |
|---|---|---|
| 2022 | -18.2% | -51.1% |
| 2023 | +26.3% | +65.1% |
| 2024 | +24.9% | +83.1% |
| 2025 | +17.8% | +5.2% |
| 2026 | +13.7% | -14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that IVV holds NFLX at a 0.52% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are IVV and NFLX good diversifiers for each other?
Reasonably. At 0.41, IVV and NFLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IVV and NFLX?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.11 over the last year and 0.53 over 5 years.
Is NFLX a good diversifier for IVV?
Reasonably. At 0.41, IVV and NFLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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/ivv-vs-nflx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ivv-vs-nflx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IVV correlations · NFLX correlations
