What is the correlation between IVV ETF and popular cryptocurrencies?

1 answers

• Nov 30, 2021 · 3 years ago
  As an expert in the field, I can tell you that there is no direct correlation between IVV ETF and popular cryptocurrencies. IVV ETF is a traditional investment vehicle that tracks the performance of the S&P 500 index, which consists of large-cap U.S. stocks. On the other hand, cryptocurrencies are decentralized digital assets that operate on blockchain technology. While both IVV ETF and cryptocurrencies are influenced by market factors and investor sentiment, their correlation is not necessarily strong or consistent. It's important to analyze the specific factors that drive the prices of IVV ETF and cryptocurrencies separately. However, it's worth noting that some investors may choose to diversify their portfolios by including both IVV ETF and cryptocurrencies, as they offer different risk and return profiles. Ultimately, the correlation between IVV ETF and popular cryptocurrencies will depend on various market conditions and individual investment strategies.
  973487