ABEV vs. IVV
ABEV (Ambev S.A.) is a stock, while IVV (iShares Core S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, ABEV returned -1.37%/yr vs 15.54%/yr for IVV. At a 0.36 correlation, their price movements are largely independent.
Performance
ABEV vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, ABEV achieves a 27.13% return, which is significantly higher than IVV's 10.85% return. Over the past 10 years, ABEV has underperformed IVV with an annualized return of -1.37%, while IVV has yielded a comparatively higher 15.54% annualized return.
ABEV
- 1D
- -3.38%
- 1M
- 8.28%
- YTD
- 27.13%
- 6M
- 26.62%
- 1Y
- 35.14%
- 3Y*
- 9.45%
- 5Y*
- 1.49%
- 10Y*
- -1.37%
IVV
- 1D
- -0.76%
- 1M
- 4.97%
- YTD
- 10.85%
- 6M
- 10.87%
- 1Y
- 28.00%
- 3Y*
- 22.43%
- 5Y*
- 13.88%
- 10Y*
- 15.54%
ABEV vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABEV Ambev S.A. | 27.13% | 45.11% | -30.10% | 8.41% | 2.38% | -4.39% | -32.61% | 21.92% | -37.29% | 35.34% |
IVV iShares Core S&P 500 ETF | 10.85% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between ABEV and IVV is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since May 22, 2000 | 0.36 |
The correlation between ABEV and IVV shifts across timeframes, from 0.25 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ABEV vs. IVV — Risk / Return Rank
ABEV
IVV
ABEV vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ambev S.A. (ABEV) and iShares Core S&P 500 ETF (IVV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ABEV | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.43 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 3.17 | -0.97 |
| Martin ratioReturn relative to average drawdown | 4.99 | 14.71 | -9.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ABEV | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 2.39 | -1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.83 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.04 | 0.86 | -0.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.45 | -0.19 |
Drawdowns
ABEV vs. IVV - Drawdown Comparison
The maximum ABEV drawdown since its inception was -74.04%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for ABEV and IVV.
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Drawdown Indicators
| ABEV | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.04% | -55.25% | -18.79% |
Max Drawdown (1Y)Largest decline over 1 year | -16.10% | -8.89% | -7.21% |
Max Drawdown (3Y)Largest decline over 3 years | -38.76% | -18.75% | -20.01% |
Max Drawdown (5Y)Largest decline over 5 years | -44.58% | -24.53% | -20.05% |
Max Drawdown (10Y)Largest decline over 10 years | -72.26% | -33.90% | -38.36% |
Current DrawdownCurrent decline from peak | -42.50% | -0.76% | -41.74% |
Average DrawdownAverage peak-to-trough decline | -31.84% | -10.78% | -21.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.07% | 1.91% | +5.16% |
Volatility
ABEV vs. IVV - Volatility Comparison
Ambev S.A. (ABEV) has a higher volatility of 17.88% compared to iShares Core S&P 500 ETF (IVV) at 2.87%. This indicates that ABEV's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABEV | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.88% | 2.87% | +15.01% |
Volatility (6M)Calculated over the trailing 6-month period | 25.53% | 8.90% | +16.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.46% | 11.80% | +19.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.31% | 16.88% | +13.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.31% | 18.05% | +16.26% |
Dividends
ABEV vs. IVV - Dividend Comparison
ABEV's dividend yield for the trailing twelve months is around 4.97%, more than IVV's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABEV Ambev S.A. | 4.97% | 8.10% | 6.10% | 5.26% | 5.36% | 4.38% | 2.67% | 2.51% | 3.79% | 2.57% | 3.41% | 4.32% |
IVV iShares Core S&P 500 ETF | 1.06% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
ABEV and IVV have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ABEV has higher volatility (17.88%) compared to IVV (2.87%). In terms of maximum drawdown, ABEV dropped -74.04% vs IVV's -55.25%.
IVV currently has the higher Sharpe Ratio (2.39 vs 1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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