IVV vs TSLA: Correlation
iShares Core S&P 500 ETF (IVV) and Tesla, Inc. (TSLA) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVV and TSLA?
Over the past 3 years, IVV and TSLA moved with a correlation of 0.50, which is moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 392.1 %².
By 3-year correlation, TSLA places #94 of the 122 assets tracked against IVV. The last year tells two different stories: IVV led by 19.2 percentage points, +20.7% for IVV against +1.5% for TSLA. Stability stands out here, with the rolling one-year correlation confined to 0.37 through 0.61. One caveat on sizing: TSLA is 3.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TSLA: side by side
| IVV (iShares Core S&P 500 ETF) | TSLA (Tesla, Inc.) | |
|---|---|---|
| 1-year return | +20.7% | +1.5% |
| 5-year return | +83.0% | +45.6% |
| Volatility (ann.) | 14.5% | 53.9% |
| Beta vs S&P 500 | 1.00 | 1.87 |
| Max drawdown (3Y) | -18.8% | -53.8% |
| Market cap | – | $1,401.3B |
| P/E (trailing) | – | 322.6 |
| Dividend yield | 1.09% | 0.00% |
| Expense ratio | 0.03% | – |
| Assets under management | $869.2B | – |
| Sector / category | ETF · US Large Cap | Consumer Discretionary |
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 | TSLA |
|---|---|---|
| 2022 | -18.2% | -65.0% |
| 2023 | +26.3% | +101.7% |
| 2024 | +24.9% | +62.5% |
| 2025 | +17.8% | +11.4% |
| 2026 | +13.7% | -21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 1.47% of IVV is TSLA itself, so the fund partly moves with the stock by construction.
Are IVV and TSLA good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between IVV and TSLA?
The IVV/TSLA correlation stands at 0.50 on a 3-year window (1 year: 0.56, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is TSLA a good diversifier for IVV?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 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-tsla.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ivv-vs-tsla/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IVV correlations · TSLA correlations
