ARTL vs USMV: Correlation
Artelo Biosciences, Inc. (ARTL) and iShares MSCI USA Min Vol Factor ETF (USMV) show a negative relationship: their 3-year correlation of weekly returns is -0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTL and USMV?
Across a 3-year window, the weekly returns of ARTL and USMV correlate at -0.15, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.15 over 3 years. Stretching to 5 years gives -0.03, with an annualized covariance of -201.0 %².
By 3-year correlation, USMV places #9 of the 21 assets tracked against ARTL. Their recent paths diverged sharply: over the last 12 months USMV outperformed by 107.7 percentage points (-97.6% for ARTL against +10.1% for USMV). Note the risk asymmetry: ARTL runs 13.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ARTL vs USMV: side by side
| ARTL (Artelo Biosciences, Inc.) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | -97.6% | +10.1% |
| 5-year return | -99.7% | +42.3% |
| Volatility (ann.) | 136.9% | 9.9% |
| Beta vs S&P 500 | -0.54 | 0.51 |
| Max drawdown (3Y) | -99.2% | -9.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | ARTL | USMV |
|---|---|---|
| 2022 | -62.9% | -9.4% |
| 2023 | -51.6% | +10.3% |
| 2024 | -24.3% | +15.7% |
| 2025 | -80.8% | +7.6% |
| 2026 | -81.9% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTL and USMV good diversifiers for each other?
Yes. With a correlation of -0.15, ARTL and USMV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ARTL and USMV?
As of 2026-08-27, the correlation of weekly returns between ARTL and USMV is -0.15 over 3 years, -0.42 over 1 year and -0.03 over 5 years.
Is USMV a good diversifier for ARTL?
Yes. With a correlation of -0.15, ARTL and USMV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/artl-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/artl-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARTL correlations · USMV correlations
