DPZ vs USMV: Correlation
Domino's (DPZ) and iShares MSCI USA Min Vol Factor ETF (USMV) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPZ and USMV?
Over the past 3 years, DPZ and USMV moved with a correlation of 0.43, which is moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 117.5 %².
USMV is one of the assets that tracks DPZ most closely: it ranks #2 out of the 31 assets we track against DPZ. The last year tells two different stories: USMV led by 35.3 percentage points, -25.2% for DPZ against +10.1% for USMV. The rolling one-year correlation moved between 0.17 and 0.63 over the past three years, a moderate range. Risk is not evenly split, since DPZ carries 2.8 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.
DPZ vs USMV: side by side
| DPZ (Domino's) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | -25.2% | +10.1% |
| 5-year return | -31.2% | +42.3% |
| Volatility (ann.) | 27.8% | 9.9% |
| Beta vs S&P 500 | 0.67 | 0.51 |
| Max drawdown (3Y) | -45.1% | -9.4% |
| Market cap | $11.0B | – |
| P/E (trailing) | 19.5 | – |
| Dividend yield | 2.17% | 1.48% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $23.6B |
| Sector / category | Consumer Discretionary | 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 | DPZ | USMV |
|---|---|---|
| 2022 | -37.9% | -9.4% |
| 2023 | +20.7% | +10.3% |
| 2024 | +3.2% | +15.7% |
| 2025 | +0.9% | +7.6% |
| 2026 | -19.4% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPZ and USMV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DPZ and USMV?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.34 over the last year and 0.48 over 5 years.
Is USMV a good diversifier for DPZ?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/dpz-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dpz-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DPZ correlations · USMV correlations
