IVV vs TBCH: Correlation
iShares Core S&P 500 ETF (IVV) and Turtle Beach Corporation (TBCH) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVV and TBCH?
Over the past 3 years, IVV and TBCH moved with a correlation of 0.55, which is moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 461.7 %².
By 3-year correlation, TBCH places #79 of the 122 assets tracked against IVV. Their recent paths diverged sharply: over the last 12 months IVV outperformed by 37.3 percentage points (+20.7% for IVV against -16.6% for TBCH). Risk is not evenly split, since TBCH carries 4.0 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 TBCH: side by side
| IVV (iShares Core S&P 500 ETF) | TBCH (Turtle Beach Corporation) | |
|---|---|---|
| 1-year return | +20.7% | -16.6% |
| 5-year return | +83.0% | -55.7% |
| Volatility (ann.) | 14.5% | 57.8% |
| Beta vs S&P 500 | 1.00 | 2.21 |
| Max drawdown (3Y) | -18.8% | -51.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 1.09% | 0.00% |
| Expense ratio | 0.03% | – |
| Assets under management | $869.2B | – |
| Sector / category | ETF · US Large Cap | US Listed |
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 | TBCH |
|---|---|---|
| 2022 | -18.2% | -67.8% |
| 2023 | +26.3% | +52.7% |
| 2024 | +24.9% | +58.1% |
| 2025 | +17.8% | -18.9% |
| 2026 | +13.7% | -7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVV and TBCH good diversifiers for each other?
Only partially. A correlation of 0.55 means IVV and TBCH 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 TBCH?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.55 over the last year and 0.49 over 5 years.
Is TBCH a good diversifier for IVV?
Only partially. A correlation of 0.55 means IVV and TBCH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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-tbch.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ivv-vs-tbch/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IVV correlations · TBCH correlations
