IVZ vs VTV: Correlation
Invesco (IVZ) and Vanguard Value ETF (VTV) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVZ and VTV?
Over the past 3 years, IVZ and VTV moved with a correlation of 0.63, which is strong. The past 12 months show a weaker link (0.41) than the 3-year average (0.63). Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 244.4 %².
Among the 33 assets we track against IVZ, VTV ranks #15 by 3-year correlation. The last year tells two different stories: IVZ led by 30.2 percentage points, +55.9% for IVZ against +25.7% for VTV. Across three years, the rolling one-year figure varied moderately, from 0.38 to 0.75. One caveat on sizing: IVZ is 2.7 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.
IVZ vs VTV: side by side
| IVZ (Invesco) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +55.9% | +25.7% |
| 5-year return | +63.7% | +79.1% |
| Volatility (ann.) | 32.6% | 11.9% |
| Beta vs S&P 500 | 1.29 | 0.65 |
| Max drawdown (3Y) | -36.5% | -14.5% |
| Market cap | $14.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.58% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Financials | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | IVZ | VTV |
|---|---|---|
| 2022 | -18.7% | -2.1% |
| 2023 | +4.2% | +9.3% |
| 2024 | +3.0% | +16.0% |
| 2025 | +56.9% | +15.3% |
| 2026 | +29.7% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVZ and VTV good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IVZ and VTV?
As of 2026-08-27, the correlation of weekly returns between IVZ and VTV is 0.63 over 3 years, 0.41 over 1 year and 0.64 over 5 years.
Is VTV a good diversifier for IVZ?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ivz-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ivz-vs-vtv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IVZ correlations · VTV correlations
