LNSR vs USMV: Correlation
Measured on weekly returns over the past three years, LENSAR, Inc. (LNSR) and iShares MSCI USA Min Vol Factor ETF (USMV) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNSR and USMV?
Across a 3-year window, the weekly returns of LNSR and USMV correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Stretching to 5 years gives 0.15, with an annualized covariance of 258.4 %².
Few assets follow LNSR as closely as USMV, which ranks #3 of 12 tracked partners. Correlation aside, the last 12 months split them widely, with USMV ahead by 40.7 points (-30.6% versus +10.1%). Note the risk asymmetry: LNSR runs 7.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LNSR vs USMV: side by side
| LNSR (LENSAR, Inc.) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | -30.6% | +10.1% |
| 5-year return | +5.0% | +42.3% |
| Volatility (ann.) | 70.5% | 9.9% |
| Beta vs S&P 500 | 1.09 | 0.51 |
| Max drawdown (3Y) | -70.3% | -9.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 42.3 | – |
| Dividend yield | 0.00% | 1.48% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $23.6B |
| Sector / category | US Listed | 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 | LNSR | USMV |
|---|---|---|
| 2022 | -50.6% | -9.4% |
| 2023 | +18.6% | +10.3% |
| 2024 | +154.7% | +15.7% |
| 2025 | +30.1% | +7.6% |
| 2026 | -27.3% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNSR and USMV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LNSR and USMV?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.46 over the last year and 0.15 over 5 years.
Is USMV a good diversifier for LNSR?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/lnsr-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lnsr-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LNSR correlations · USMV correlations
