GEN vs USMV: Correlation
Gen Digital (GEN) and iShares MSCI USA Min Vol Factor ETF (USMV) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEN and USMV?
Across a 3-year window, the weekly returns of GEN and USMV correlate at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.48, with an annualized covariance of 163.2 %².
Within GEN's tracked universe of 36 assets, USMV comes in at #5 by 3-year correlation. On 12-month performance USMV holds a 8.9-point edge, +1.2% against +10.1%. The link looks structural: the rolling one-year correlation barely moved, holding between 0.46 and 0.63. Risk is not evenly split, since GEN carries 3.2 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.
GEN vs USMV: side by side
| GEN (Gen Digital) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | +1.2% | +10.1% |
| 5-year return | +26.3% | +42.3% |
| Volatility (ann.) | 31.7% | 9.9% |
| Beta vs S&P 500 | 1.02 | 0.51 |
| Max drawdown (3Y) | -43.6% | -9.4% |
| Market cap | $18.3B | – |
| P/E (trailing) | 17.3 | – |
| Dividend yield | 1.69% | 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 | GEN | USMV |
|---|---|---|
| 2022 | -15.8% | -9.4% |
| 2023 | +9.3% | +10.3% |
| 2024 | +22.4% | +15.7% |
| 2025 | +1.1% | +7.6% |
| 2026 | +13.9% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.28% of USMV is GEN itself, so the fund partly moves with the stock by construction.
Are GEN 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 GEN and USMV?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.46 over the last year and 0.48 over 5 years.
Is USMV a good diversifier for GEN?
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?
On the −1 to +1 scale, 0.52 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/gen-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gen-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GEN correlations · USMV correlations
