GILD vs USMV: Correlation
Measured on weekly returns over the past three years, Gilead Sciences (GILD) and iShares MSCI USA Min Vol Factor ETF (USMV) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GILD and USMV?
On 3 years of weekly data the GILD/USMV correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 102.7 %².
By 3-year correlation, USMV places #5 of the 30 assets tracked against GILD. Their recent paths diverged sharply: over the last 12 months GILD outperformed by 24.0 percentage points (+34.1% for GILD against +10.1% for USMV). Across three years, the rolling one-year figure varied moderately, from 0.29 to 0.66. Risk is not evenly split, since GILD carries 2.4 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.
GILD vs USMV: side by side
| GILD (Gilead Sciences) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | +34.1% | +10.1% |
| 5-year return | +148.1% | +42.3% |
| Volatility (ann.) | 24.1% | 9.9% |
| Beta vs S&P 500 | 0.33 | 0.51 |
| Max drawdown (3Y) | -26.6% | -9.4% |
| Market cap | $184.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.17% | 1.48% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $23.6B |
| Sector / category | Health Care | 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 | GILD | USMV |
|---|---|---|
| 2022 | +23.6% | -9.4% |
| 2023 | -2.0% | +10.3% |
| 2024 | +18.7% | +15.7% |
| 2025 | +36.6% | +7.6% |
| 2026 | +22.8% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that USMV holds GILD at a 0.87% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are GILD and USMV good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GILD and USMV?
The GILD/USMV correlation stands at 0.43 on a 3-year window (1 year: 0.37, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is USMV a good diversifier for GILD?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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/gild-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gild-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GILD correlations · USMV correlations
