FICO vs USMV: Correlation
Measured on weekly returns over the past three years, Fair Isaac (FICO) and iShares MSCI USA Min Vol Factor ETF (USMV) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FICO and USMV?
Across a 3-year window, the weekly returns of FICO and USMV correlate at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Stretching to 5 years gives 0.48, with an annualized covariance of 237.7 %².
Few assets follow FICO as closely as USMV, which ranks #2 of 30 tracked partners. The last year tells two different stories: USMV led by 28.6 percentage points, -18.5% for FICO against +10.1% for USMV. The rolling one-year correlation moved between 0.35 and 0.65 over the past three years, a moderate range. One caveat on sizing: FICO is 4.6 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.
FICO vs USMV: side by side
| FICO (Fair Isaac) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | -18.5% | +10.1% |
| 5-year return | +154.2% | +42.3% |
| Volatility (ann.) | 45.1% | 9.9% |
| Beta vs S&P 500 | 1.27 | 0.51 |
| Max drawdown (3Y) | -61.3% | -9.4% |
| Market cap | $25.0B | – |
| P/E (trailing) | 32.8 | – |
| Dividend yield | 0.00% | 1.48% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $23.6B |
| Sector / category | Information Technology | 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 | FICO | USMV |
|---|---|---|
| 2022 | +38.0% | -9.4% |
| 2023 | +94.5% | +10.3% |
| 2024 | +71.0% | +15.7% |
| 2025 | -15.1% | +7.6% |
| 2026 | -31.6% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.27% of USMV is FICO itself, so the fund partly moves with the stock by construction.
Are FICO and USMV good diversifiers for each other?
Only partially. A correlation of 0.53 means FICO 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 FICO and USMV?
The FICO/USMV correlation stands at 0.53 on a 3-year window (1 year: 0.47, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is USMV a good diversifier for FICO?
Only partially. A correlation of 0.53 means FICO 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?
On the −1 to +1 scale, 0.53 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/fico-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fico-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FICO correlations · USMV correlations
