CPRT vs USMV: Correlation
How closely do Copart (CPRT) and iShares MSCI USA Min Vol Factor ETF (USMV) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPRT and USMV?
Over the past 3 years, CPRT and USMV moved with a correlation of 0.53, which is moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.53 over 3. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 138.1 %².
Few assets follow CPRT as closely as USMV, which ranks #2 of 35 tracked partners. Correlation aside, the last 12 months split them widely, with USMV ahead by 42.7 points (-32.6% versus +10.1%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.44 and 0.63. Risk is not evenly split, since CPRT 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.
CPRT vs USMV: side by side
| CPRT (Copart) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | -32.6% | +10.1% |
| 5-year return | -9.3% | +42.3% |
| Volatility (ann.) | 26.0% | 9.9% |
| Beta vs S&P 500 | 0.86 | 0.51 |
| Max drawdown (3Y) | -57.4% | -9.4% |
| Market cap | $30.3B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 0.00% | 1.48% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $23.6B |
| Sector / category | Industrials | 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 | CPRT | USMV |
|---|---|---|
| 2022 | -19.7% | -9.4% |
| 2023 | +60.9% | +10.3% |
| 2024 | +17.1% | +15.7% |
| 2025 | -31.8% | +7.6% |
| 2026 | -16.3% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPRT and USMV good diversifiers for each other?
Only partially. A correlation of 0.53 means CPRT and USMV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CPRT and USMV?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.45 over the last year and 0.59 over 5 years.
Is USMV a good diversifier for CPRT?
Only partially. A correlation of 0.53 means CPRT and USMV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 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/cprt-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cprt-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CPRT correlations · USMV correlations
