IVV vs NVDA: Correlation
iShares Core S&P 500 ETF (IVV) and Nvidia (NVDA) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVV and NVDA?
Over the past 3 years, IVV and NVDA moved with a correlation of 0.71, which is strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 458.1 %².
Among the 122 assets we track against IVV, NVDA ranks #44 by 3-year correlation. Over the last 12 months NVDA came out ahead by 5.0 percentage points (+20.7% against +25.7%). On a rolling one-year basis the correlation drifted between 0.46 and 0.78, a moderate band. Risk is not evenly split, since NVDA carries 3.1 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 NVDA: side by side
| IVV (iShares Core S&P 500 ETF) | NVDA (Nvidia) | |
|---|---|---|
| 1-year return | +20.7% | +25.7% |
| 5-year return | +83.0% | +908.3% |
| Volatility (ann.) | 14.5% | 44.5% |
| Beta vs S&P 500 | 1.00 | 2.18 |
| Max drawdown (3Y) | -18.8% | -36.9% |
| Market cap | – | $5,505.0B |
| P/E (trailing) | – | 32.2 |
| 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 | NVDA |
|---|---|---|
| 2022 | -18.2% | -50.3% |
| 2023 | +26.3% | +239.0% |
| 2024 | +24.9% | +171.2% |
| 2025 | +17.8% | +38.9% |
| 2026 | +13.7% | +22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
NVDA represents 7.67% of IVV's portfolio, so part of any move in IVV is NVDA itself, and the correlation between them is partly mechanical.
Are IVV and NVDA good diversifiers for each other?
Only partially. A correlation of 0.71 means IVV and NVDA 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 IVV and NVDA?
The IVV/NVDA correlation stands at 0.71 on a 3-year window (1 year: 0.62, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is NVDA a good diversifier for IVV?
Only partially. A correlation of 0.71 means IVV and NVDA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 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-nvda.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ivv-vs-nvda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IVV correlations · NVDA correlations
