COO vs USMV: Correlation
How closely do Cooper Companies (The) (COO) and iShares MSCI USA Min Vol Factor ETF (USMV) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COO and USMV?
Across a 3-year window, the weekly returns of COO and USMV correlate at 0.52, moderate. The past 12 months show a weaker link (0.37) than the 3-year average (0.52). Stretching to 5 years gives 0.60, with an annualized covariance of 142.9 %².
Among the 38 assets we track against COO, USMV ranks #13 by 3-year correlation. On 12-month performance USMV holds a 14.4-point edge, -4.3% against +10.1%. The rolling one-year correlation moved between 0.32 and 0.72 over the past three years, a moderate range. Note the risk asymmetry: COO runs 2.8 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.
COO vs USMV: side by side
| COO (Cooper Companies (The)) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | -4.3% | +10.1% |
| 5-year return | -36.8% | +42.3% |
| Volatility (ann.) | 27.7% | 9.9% |
| Beta vs S&P 500 | 0.69 | 0.51 |
| Max drawdown (3Y) | -47.0% | -9.4% |
| Market cap | – | – |
| P/E (trailing) | 61.7 | – |
| Dividend yield | 0.00% | 1.48% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $23.6B |
| Sector / category | Health Care | 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 | COO | USMV |
|---|---|---|
| 2022 | -21.1% | -9.4% |
| 2023 | +14.5% | +10.3% |
| 2024 | -2.8% | +15.7% |
| 2025 | -10.8% | +7.6% |
| 2026 | -13.4% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COO and USMV good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between COO and USMV?
The COO/USMV correlation stands at 0.52 on a 3-year window (1 year: 0.37, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is USMV a good diversifier for COO?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/coo-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/coo-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COO correlations · USMV correlations
