IVV vs USA: Correlation
Measured on weekly returns over the past three years, iShares Core S&P 500 ETF (IVV) and Liberty All-Star Equity Fund (USA) carry a correlation of 0.85, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVV and USA?
Across a 3-year window, the weekly returns of IVV and USA correlate at 0.85, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.83 lands near the 3-year figure. Stretching to 5 years gives 0.85, with an annualized covariance of 187.5 %².
Among the 122 assets we track against IVV, USA ranks #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IVV outperformed by 19.1 percentage points (+20.7% for IVV against +1.6% for USA).
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 USA: side by side
| IVV (iShares Core S&P 500 ETF) | USA (Liberty All-Star Equity Fund) | |
|---|---|---|
| 1-year return | +20.7% | +1.6% |
| 5-year return | +83.0% | +18.1% |
| Volatility (ann.) | 14.5% | 15.2% |
| Beta vs S&P 500 | 1.00 | 0.89 |
| Max drawdown (3Y) | -18.8% | -17.7% |
| Market cap | – | – |
| P/E (trailing) | – | 10.7 |
| Dividend yield | 1.09% | 11.19% |
| 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 | USA |
|---|---|---|
| 2022 | -18.2% | -25.2% |
| 2023 | +26.3% | +23.2% |
| 2024 | +24.9% | +20.8% |
| 2025 | +17.8% | +0.1% |
| 2026 | +13.7% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVV and USA good diversifiers for each other?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between IVV and USA?
As of 2026-08-27, the correlation of weekly returns between IVV and USA is 0.85 over 3 years, 0.83 over 1 year and 0.85 over 5 years.
Is USA a good diversifier for IVV?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.85 mean?
A reading of 0.85 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-usa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ivv-vs-usa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IVV correlations · USA correlations
