IVV vs TROW: Correlation
Measured on weekly returns over the past three years, iShares Core S&P 500 ETF (IVV) and T. Rowe Price (TROW) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVV and TROW?
Across a 3-year window, the weekly returns of IVV and TROW correlate at 0.68, strong. The link has loosened recently: the 1-year correlation (0.40) runs below the 3-year figure (0.68). Stretching to 5 years gives 0.73, with an annualized covariance of 231.3 %².
Among the 122 assets we track against IVV, TROW ranks #54 by 3-year correlation. The trailing year gives IVV the advantage: +20.7% versus +8.1%, a 12.6-point spread. On a rolling one-year basis the correlation drifted between 0.42 and 0.83, a moderate band. Risk is not evenly split, since TROW carries 1.6 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 TROW: side by side
| IVV (iShares Core S&P 500 ETF) | TROW (T. Rowe Price) | |
|---|---|---|
| 1-year return | +20.7% | +8.1% |
| 5-year return | +83.0% | -37.0% |
| Volatility (ann.) | 14.5% | 23.5% |
| Beta vs S&P 500 | 1.00 | 1.10 |
| Max drawdown (3Y) | -18.8% | -34.0% |
| Market cap | – | $24.0B |
| P/E (trailing) | – | 11.3 |
| Dividend yield | 1.09% | 4.57% |
| Expense ratio | 0.03% | – |
| Assets under management | $869.2B | – |
| Sector / category | ETF · US Large Cap | Financials |
On the fund side, IVV sits in the Large Blend category at iShares, with $869.2B under management, 503 holdings, a 0.03% expense ratio, a 1.09% trailing dividend yield.
Year-by-year returns
| Year | IVV | TROW |
|---|---|---|
| 2022 | -18.2% | -42.2% |
| 2023 | +26.3% | +3.4% |
| 2024 | +24.9% | +9.7% |
| 2025 | +17.8% | -4.7% |
| 2026 | +13.7% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVV and TROW good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IVV and TROW?
As of 2026-08-27, the correlation of weekly returns between IVV and TROW is 0.68 over 3 years, 0.40 over 1 year and 0.73 over 5 years.
Is TROW a good diversifier for IVV?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
A reading of 0.68 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ivv-vs-trow.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ivv-vs-trow/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IVV correlations · TROW correlations
