IVZ vs TROW: Correlation
Invesco (IVZ) and T. Rowe Price (TROW) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVZ and TROW?
Across a 3-year window, the weekly returns of IVZ and TROW correlate at 0.61, strong. Lately the two have drifted apart, with the 1-year correlation at 0.40 versus 0.61 over 3 years. Stretching to 5 years gives 0.68, with an annualized covariance of 465.7 %².
Within IVZ's tracked universe of 33 assets, TROW comes in at #18 by 3-year correlation. The last year tells two different stories: IVZ led by 47.8 percentage points, +55.9% for IVZ against +8.1% for TROW. Across three years, the rolling one-year figure varied moderately, from 0.43 to 0.80.
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 TROW: side by side
| IVZ (Invesco) | TROW (T. Rowe Price) | |
|---|---|---|
| 1-year return | +55.9% | +8.1% |
| 5-year return | +63.7% | -37.0% |
| Volatility (ann.) | 32.6% | 23.5% |
| Beta vs S&P 500 | 1.29 | 1.10 |
| Max drawdown (3Y) | -36.5% | -34.0% |
| Market cap | $14.7B | $24.0B |
| P/E (trailing) | – | 11.3 |
| Dividend yield | 2.58% | 4.57% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | IVZ | TROW |
|---|---|---|
| 2022 | -18.7% | -42.2% |
| 2023 | +4.2% | +3.4% |
| 2024 | +3.0% | +9.7% |
| 2025 | +56.9% | -4.7% |
| 2026 | +29.7% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVZ and TROW good diversifiers for each other?
To a limited degree. At 0.61 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 TROW?
The IVZ/TROW correlation stands at 0.61 on a 3-year window (1 year: 0.40, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is TROW a good diversifier for IVZ?
To a limited degree. At 0.61 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 0.61 mean?
A reading of 0.61 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/ivz-vs-trow.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ivz-vs-trow/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IVZ correlations · TROW correlations
