PairBook
Home › ETFs › USMV

USMV correlations (iShares MSCI USA Min Vol Factor ETF)

Every correlation that matters for USMV: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Style

Volatility (ann.)
9.9%
3y weekly
Beta vs S&P 500
0.51
3y weekly
1-year return
+10.1%
price, adjusted
5-year return
+42.3%
price, adjusted
Expense ratio
0.15%
annual
Assets
$23.6B
under management
Dividend yield
1.48%
trailing
Max drawdown
-9.4%
3y, daily closes
-2%0%+10%2025-09-052026-08-27
USMV over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with USMV

AssetCorrelation (3Y)
DGROiShares Core Dividend Growth ETF0.89
VIGVanguard Dividend Appreciation ETF0.88
SPYVSPDR Portfolio S&P 500 Value ETF0.86
RSPInvesco S&P 500 Equal Weight ETF0.86
VTVVanguard Value ETF0.85
DIASPDR Dow Jones Industrial Average ETF0.84
VYMVanguard High Dividend Yield ETF0.83
GDVGabelli Dividend & Income Trust0.80
QUALiShares MSCI USA Quality Factor ETF0.79
EVTEaton Vance Tax Advantaged Dividend Income Fund0.77
SCHDSchwab US Dividend Equity ETF0.77
XLFFinancial Select Sector SPDR Fund0.77
STEWSRH Total Return Fund, Inc.0.76
VTIVanguard Total Stock Market ETF0.76
VTVanguard Total World Stock ETF0.75

Best diversifiers for USMV

The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from USMV.

AssetCorrelation (3Y)
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN-0.63
VXXiPath Series B S&P 500 VIX Short-Term Futures ETN-0.60
FNGDMicroSectors FANG Index -3X Inverse Leveraged ETNs due-0.46
VELOVelo3D, Inc.-0.21
DGZDB Gold Short ETN due February 15, 2038-0.20
TCRTAlaunos Therapeutics, Inc.-0.16
WHLRWheeler Real Estate Investment Trust, Inc.-0.16
MVSTMicrovast Holdings, Inc.-0.15
ARTLArtelo Biosciences, Inc.-0.15
NRTNorth European Oil Royality Trust-0.14

USMV vs benchmarks

USMV vs SPY 0.75 USMV vs QQQ 0.58

USMV vs its peers

USMV vs SPYV 0.86 USMV vs VTV 0.85 USMV vs QUAL 0.79 USMV vs VUG 0.60 USMV vs SPYG 0.59

Get USMV data as JSON

Free API · no key required
$ curl https://www.pairbook.io/api/v1/symbols/usmv.json

Correlations, diversifiers, beta and volatility for USMV, plus one endpoint per pair. API documentation.

USMV holdings overlap with other ETFs

ETFOverlapCorrelation (3Y)
USMV vs DGROiShares Core Dividend Growth ETF36.5%0.89
USMV vs IVViShares Core S&P 500 ETF35.2%0.74
USMV vs SPYSPDR S&P 500 ETF Trust35.2%0.75
USMV vs VOOVanguard S&P 500 ETF34.8%0.75
USMV vs VIGVanguard Dividend Appreciation ETF33.5%0.88
USMV vs VTIVanguard Total Stock Market ETF33.0%0.76
USMV vs VTVVanguard Value ETF32.7%0.85
USMV vs SPYVSPDR Portfolio S&P 500 Value ETF32.0%0.86
USMV vs QUALiShares MSCI USA Quality Factor ETF29.4%0.79
USMV vs VYMVanguard High Dividend Yield ETF29.3%0.83
USMV vs RSPInvesco S&P 500 Equal Weight ETF27.0%0.86
USMV vs ACWIiShares MSCI ACWI ETF26.7%0.74
USMV vs SPYGSPDR Portfolio S&P 500 Growth ETF25.6%0.59
USMV vs VTVanguard Total World Stock ETF25.1%0.75
USMV vs XLKTechnology Select Sector SPDR Fund25.0%0.53
USMV vs QQQInvesco QQQ Trust24.5%0.58
USMV vs QQQMInvesco Nasdaq 100 ETF24.5%0.58
USMV vs VUGVanguard Growth ETF22.5%0.60
USMV vs MTUMiShares MSCI USA Momentum Factor ETF17.7%0.56
USMV vs DIASPDR Dow Jones Industrial Average ETF17.2%0.84
USMV vs XLVHealth Care Select Sector SPDR Fund12.6%0.71
USMV vs XLFFinancial Select Sector SPDR Fund11.4%0.77
USMV vs SCHDSchwab US Dividend Equity ETF11.1%0.77
USMV vs XLPConsumer Staples Select Sector SPDR Fund9.2%0.60
USMV vs XLUUtilities Select Sector SPDR Fund6.6%0.45
USMV vs SOXXiShares Semiconductor ETF6.2%0.39
USMV vs XLIIndustrial Select Sector SPDR Fund5.0%0.74
USMV vs XLYConsumer Discretionary Select Sector SPDR Fund4.8%0.59
USMV vs IBBiShares Biotechnology ETF4.5%0.64
USMV vs XLCCommunication Services Select Sector SPDR Fund4.5%0.64
USMV vs VNQVanguard Real Estate ETF2.6%0.68
USMV vs XLBMaterials Select Sector SPDR Fund2.6%0.70
USMV vs XLEEnergy Select Sector SPDR Fund2.6%0.27
USMV vs XLREReal Estate Select Sector SPDR Fund2.4%0.68
USMV vs VEAVanguard FTSE Developed Markets ETF1.5%0.65
USMV vs EFAiShares MSCI EAFE ETF1.3%0.67
USMV vs IEFAiShares Core MSCI EAFE ETF1.3%0.67
USMV vs MDYSPDR S&P MidCap 400 ETF0.7%0.74
USMV vs ICLNiShares Global Clean Energy ETF0.4%0.30
USMV vs EEMiShares MSCI Emerging Markets ETF0.0%0.43
USMV vs EWJiShares MSCI Japan ETF0%0.56
USMV vs FXIiShares China Large-Cap ETF0%0.28
USMV vs IEMGiShares Core MSCI Emerging Markets ETF0.0%0.44
USMV vs IWMiShares Russell 2000 ETF0%0.69
USMV vs VWOVanguard FTSE Emerging Markets ETF0.0%0.49