NVR vs USO: Correlation
How closely do NVR, Inc. (NVR) and United States Oil Fund (USO) trade together? Their weekly returns over three years give a correlation of -0.36, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVR and USO?
Over the past 3 years, NVR and USO moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.48) runs below the 3-year figure (-0.36). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -330.7 %².
Among the 38 assets we track against NVR, USO sits near the bottom by co-movement, at rank #38. Their recent paths diverged sharply: over the last 12 months USO outperformed by 94.9 percentage points (-20.8% for NVR against +74.1% for USO). This link changes with the market regime, having swung between -0.51 and 0.06 on a rolling one-year basis. Note the risk asymmetry: USO runs 1.7 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.
NVR vs USO: side by side
| NVR (NVR, Inc.) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | -20.8% | +74.1% |
| 5-year return | +24.2% | +168.6% |
| Volatility (ann.) | 23.4% | 39.4% |
| Beta vs S&P 500 | 0.53 | -0.20 |
| Max drawdown (3Y) | -43.9% | -32.5% |
| Market cap | $17.0B | – |
| P/E (trailing) | 16.6 | – |
| Dividend yield | 0.00% | – |
| Sector / category | Consumer Discretionary | ETF · Commodities |
Year-by-year returns
| Year | NVR | USO |
|---|---|---|
| 2022 | -21.9% | +29.0% |
| 2023 | +51.8% | -4.9% |
| 2024 | +16.8% | +13.4% |
| 2025 | -10.8% | -8.5% |
| 2026 | -12.7% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVR and USO good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NVR and USO?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.48 over the last year and -0.17 over 5 years.
Is USO a good diversifier for NVR?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.36 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/nvr-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nvr-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NVR correlations · USO correlations
