MCD vs USMV: Correlation
Measured on weekly returns over the past three years, McDonald's (MCD) and iShares MSCI USA Min Vol Factor ETF (USMV) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCD and USMV?
Across a 3-year window, the weekly returns of MCD and USMV correlate at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 81.8 %².
By 3-year correlation, USMV places #6 of the 34 assets tracked against MCD. Correlation aside, the last 12 months split them widely, with USMV ahead by 24.6 points (-14.5% versus +10.1%). On a rolling one-year basis the correlation drifted between 0.39 and 0.73, a moderate band. Note the risk asymmetry: MCD runs 1.8 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.
MCD vs USMV: side by side
| MCD (McDonald's) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | -14.5% | +10.1% |
| 5-year return | +23.3% | +42.3% |
| Volatility (ann.) | 17.8% | 9.9% |
| Beta vs S&P 500 | 0.30 | 0.51 |
| Max drawdown (3Y) | -22.8% | -9.4% |
| Market cap | $184.0B | – |
| P/E (trailing) | 21.7 | – |
| Dividend yield | 2.75% | 1.48% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $23.6B |
| Sector / category | Consumer Discretionary | 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 | MCD | USMV |
|---|---|---|
| 2022 | +0.5% | -9.4% |
| 2023 | +15.1% | +10.3% |
| 2024 | +0.1% | +15.7% |
| 2025 | +7.9% | +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
MCD represents 1.06% of USMV's portfolio, so part of any move in USMV is MCD itself, and the correlation between them is partly mechanical.
Are MCD and USMV good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MCD and USMV?
The MCD/USMV correlation stands at 0.46 on a 3-year window (1 year: 0.52, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is USMV a good diversifier for MCD?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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/mcd-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mcd-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MCD correlations · USMV correlations
