HII vs USMV: Correlation
How closely do Huntington Ingalls Industries (HII) and iShares MSCI USA Min Vol Factor ETF (USMV) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HII and USMV?
Over the past 3 years, HII and USMV moved with a correlation of 0.42, which is moderate. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 145.6 %².
Among the 28 assets we track against HII, USMV ranks #10 by 3-year correlation. Twelve-month performance is nearly a tie, at +9.4% for HII and +10.1% for USMV. Across three years, the rolling one-year figure varied moderately, from 0.26 to 0.62. One caveat on sizing: HII is 3.6 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.
HII vs USMV: side by side
| HII (Huntington Ingalls Industries) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | +9.4% | +10.1% |
| 5-year return | +59.2% | +42.3% |
| Volatility (ann.) | 35.3% | 9.9% |
| Beta vs S&P 500 | 0.84 | 0.51 |
| Max drawdown (3Y) | -45.2% | -9.4% |
| Market cap | $11.7B | – |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 1.85% | 1.48% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $23.6B |
| Sector / category | Industrials | 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 | HII | USMV |
|---|---|---|
| 2022 | +26.3% | -9.4% |
| 2023 | +15.2% | +10.3% |
| 2024 | -25.7% | +15.7% |
| 2025 | +84.2% | +7.6% |
| 2026 | -11.9% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HII and USMV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HII and USMV?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.33 over the last year and 0.40 over 5 years.
Is USMV a good diversifier for HII?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hii-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hii-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HII correlations · USMV correlations
