IVV vs WHLR: Correlation
Measured on weekly returns over the past three years, iShares Core S&P 500 ETF (IVV) and Wheeler Real Estate Investment Trust, Inc. (WHLR) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVV and WHLR?
On 3 years of weekly data the IVV/WHLR correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.02) than the 3-year average (-0.15). The 5-year figure is -0.09, and annualized covariance runs at -1215.3 %².
By 3-year correlation, WHLR places #115 of the 122 assets tracked against IVV. Correlation aside, the last 12 months split them widely, with IVV ahead by 120.7 points (+20.7% versus -100.0%). One caveat on sizing: WHLR is 37.6 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 WHLR: side by side
| IVV (iShares Core S&P 500 ETF) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | +20.7% | -100.0% |
| 5-year return | +83.0% | -100.0% |
| Volatility (ann.) | 14.5% | 545.0% |
| Beta vs S&P 500 | 1.00 | -5.84 |
| Max drawdown (3Y) | -18.8% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| 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 | WHLR |
|---|---|---|
| 2022 | -18.2% | -28.0% |
| 2023 | +26.3% | -98.4% |
| 2024 | +24.9% | -98.4% |
| 2025 | +17.8% | -100.0% |
| 2026 | +13.7% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVV and WHLR good diversifiers for each other?
Yes. With a correlation of -0.15, IVV and WHLR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IVV and WHLR?
As of 2026-08-27, the correlation of weekly returns between IVV and WHLR is -0.15 over 3 years, 0.02 over 1 year and -0.09 over 5 years.
Is WHLR a good diversifier for IVV?
Yes. With a correlation of -0.15, IVV and WHLR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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.
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Related comparisons
Hubs: IVV correlations · WHLR correlations
