LEG vs USO: Correlation
Measured on weekly returns over the past three years, Leggett & Platt, Incorporated (LEG) and United States Oil Fund (USO) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEG and USO?
On 3 years of weekly data the LEG/USO correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.44) runs below the 3-year figure (-0.21). The 5-year figure is -0.11, and annualized covariance runs at -401.5 %².
Among the 16 assets we track against LEG, USO sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months USO outperformed by 61.4 percentage points (+12.7% for LEG against +74.1% for USO).
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.
LEG vs USO: side by side
| LEG (Leggett & Platt, Incorporated) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | +12.7% | +74.1% |
| 5-year return | -72.6% | +168.6% |
| Volatility (ann.) | 48.5% | 39.4% |
| Beta vs S&P 500 | 1.29 | -0.20 |
| Max drawdown (3Y) | -76.8% | -32.5% |
| Market cap | $1.3B | – |
| P/E (trailing) | 5.9 | – |
| Dividend yield | 2.15% | – |
| Sector / category | US Listed | ETF · Commodities |
Year-by-year returns
| Year | LEG | USO |
|---|---|---|
| 2022 | -17.8% | +29.0% |
| 2023 | -13.5% | -4.9% |
| 2024 | -61.9% | +13.4% |
| 2025 | +17.0% | -8.5% |
| 2026 | +1.2% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEG and USO good diversifiers for each other?
Yes. With a correlation of -0.21, LEG and USO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LEG and USO?
As of 2026-08-27, the correlation of weekly returns between LEG and USO is -0.21 over 3 years, -0.44 over 1 year and -0.11 over 5 years.
Is USO a good diversifier for LEG?
Yes. With a correlation of -0.21, LEG and USO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/leg-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/leg-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LEG correlations · USO correlations
