IVZ vs STT: Correlation
Measured on weekly returns over the past three years, Invesco (IVZ) and State Street Corporation (STT) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVZ and STT?
On 3 years of weekly data the IVZ/STT correlation comes out at 0.65, strong. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.65 over 3 years. The 5-year figure is 0.64, and annualized covariance runs at 486.2 %².
By 3-year correlation, STT places #12 of the 33 assets tracked against IVZ. The last year tells two different stories: STT led by 16.8 percentage points, +55.9% for IVZ against +72.7% for STT. Across three years, the rolling one-year figure varied moderately, from 0.36 to 0.81.
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.
IVZ vs STT: side by side
| IVZ (Invesco) | STT (State Street Corporation) | |
|---|---|---|
| 1-year return | +55.9% | +72.7% |
| 5-year return | +63.7% | +144.9% |
| Volatility (ann.) | 32.6% | 22.9% |
| Beta vs S&P 500 | 1.29 | 0.97 |
| Max drawdown (3Y) | -36.5% | -25.7% |
| Market cap | $14.7B | $53.1B |
| P/E (trailing) | – | 17.1 |
| Dividend yield | 2.58% | 1.74% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | IVZ | STT |
|---|---|---|
| 2022 | -18.7% | -13.8% |
| 2023 | +4.2% | +3.5% |
| 2024 | +3.0% | +30.2% |
| 2025 | +56.9% | +35.5% |
| 2026 | +29.7% | +52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVZ and STT good diversifiers for each other?
To a limited degree. At 0.65 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 IVZ and STT?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.41 over the last year and 0.64 over 5 years.
Is STT a good diversifier for IVZ?
To a limited degree. At 0.65 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 0.65 mean?
A reading of 0.65 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: IVZ correlations · STT correlations
