IVV vs UBER: Correlation
How closely do iShares Core S&P 500 ETF (IVV) and Uber (UBER) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVV and UBER?
Over the past 3 years, IVV and UBER moved with a correlation of 0.52, which is moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 279.1 %².
By 3-year correlation, UBER places #89 of the 122 assets tracked against IVV. Correlation aside, the last 12 months split them widely, with IVV ahead by 40.0 points (+20.7% versus -19.3%). Across three years, the rolling one-year figure varied moderately, from 0.31 to 0.74. One caveat on sizing: UBER is 2.5 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 UBER: side by side
| IVV (iShares Core S&P 500 ETF) | UBER (Uber) | |
|---|---|---|
| 1-year return | +20.7% | -19.3% |
| 5-year return | +83.0% | +94.4% |
| Volatility (ann.) | 14.5% | 36.7% |
| Beta vs S&P 500 | 1.00 | 1.34 |
| Max drawdown (3Y) | -18.8% | -34.1% |
| Market cap | – | $157.2B |
| P/E (trailing) | – | 17.2 |
| Dividend yield | 1.09% | 0.00% |
| Expense ratio | 0.03% | – |
| Assets under management | $869.2B | – |
| Sector / category | ETF · US Large Cap | Industrials |
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 | UBER |
|---|---|---|
| 2022 | -18.2% | -41.0% |
| 2023 | +26.3% | +149.0% |
| 2024 | +24.9% | -2.0% |
| 2025 | +17.8% | +35.5% |
| 2026 | +13.7% | -5.8% |
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 UBER at a 0.24% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are IVV and UBER good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IVV and UBER?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.44 over the last year and 0.47 over 5 years.
Is UBER a good diversifier for IVV?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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-uber.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ivv-vs-uber/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IVV correlations · UBER correlations
