ARMK vs USMV: Correlation
How closely do Aramark (ARMK) and iShares MSCI USA Min Vol Factor ETF (USMV) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARMK and USMV?
On 3 years of weekly data the ARMK/USMV correlation comes out at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.27) runs below the 3-year figure (0.45). The 5-year figure is 0.52, and annualized covariance runs at 115.2 %².
Few assets follow ARMK as closely as USMV, which ranks #3 of 12 tracked partners. Their recent paths diverged sharply: over the last 12 months ARMK outperformed by 40.5 percentage points (+50.6% for ARMK against +10.1% for USMV). Risk is not evenly split, since ARMK carries 2.6 times the volatility of the other side.
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.
ARMK vs USMV: side by side
| ARMK (Aramark) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | +50.6% | +10.1% |
| 5-year return | +152.4% | +42.3% |
| Volatility (ann.) | 25.7% | 9.9% |
| Beta vs S&P 500 | 0.61 | 0.51 |
| Max drawdown (3Y) | -27.6% | -9.4% |
| Market cap | $15.5B | – |
| P/E (trailing) | 41.8 | – |
| Dividend yield | 0.81% | 1.48% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $23.6B |
| Sector / category | US Listed | ETF · US Style |
USMV, iShares's Large Blend fund, carries $23.6B under management, 164 holdings, a 0.15% expense ratio, a 1.48% trailing dividend yield.
Year-by-year returns
| Year | ARMK | USMV |
|---|---|---|
| 2022 | +13.5% | -9.4% |
| 2023 | -4.7% | +10.3% |
| 2024 | +34.3% | +15.7% |
| 2025 | -0.1% | +7.6% |
| 2026 | +60.9% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARMK and USMV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARMK and USMV?
As of 2026-08-27, the correlation of weekly returns between ARMK and USMV is 0.45 over 3 years, 0.27 over 1 year and 0.52 over 5 years.
Is USMV a good diversifier for ARMK?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/armk-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/armk-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARMK correlations · USMV correlations
