EVTC vs USMV: Correlation
Measured on weekly returns over the past three years, Evertec, Inc. (EVTC) and iShares MSCI USA Min Vol Factor ETF (USMV) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVTC and USMV?
Across a 3-year window, the weekly returns of EVTC and USMV correlate at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. Stretching to 5 years gives 0.48, with an annualized covariance of 151.1 %².
In EVTC's tracked universe of 10 assets, USMV sits right near the top at #2. Correlation aside, the last 12 months split them widely, with USMV ahead by 28.8 points (-18.7% versus +10.1%). One caveat on sizing: EVTC is 3.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EVTC vs USMV: side by side
| EVTC (Evertec, Inc.) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | -18.7% | +10.1% |
| 5-year return | -34.3% | +42.3% |
| Volatility (ann.) | 31.3% | 9.9% |
| Beta vs S&P 500 | 0.68 | 0.51 |
| Max drawdown (3Y) | -46.4% | -9.4% |
| Market cap | $1.8B | – |
| P/E (trailing) | 19.4 | – |
| Dividend yield | 0.67% | 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 | EVTC | USMV |
|---|---|---|
| 2022 | -34.9% | -9.4% |
| 2023 | +27.1% | +10.3% |
| 2024 | -15.2% | +15.7% |
| 2025 | -15.4% | +7.6% |
| 2026 | +1.9% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVTC and USMV good diversifiers for each other?
Reasonably. At 0.49, EVTC and USMV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EVTC and USMV?
As of 2026-08-27, the correlation of weekly returns between EVTC and USMV is 0.49 over 3 years, 0.42 over 1 year and 0.48 over 5 years.
Is USMV a good diversifier for EVTC?
Reasonably. At 0.49, EVTC and USMV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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/evtc-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evtc-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVTC correlations · USMV correlations
