OMC vs USMV: Correlation
Measured on weekly returns over the past three years, Omnicom Group (OMC) and iShares MSCI USA Min Vol Factor ETF (USMV) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMC and USMV?
Over the past 3 years, OMC and USMV moved with a correlation of 0.53, which is moderate. The past 12 months show a weaker link (0.28) than the 3-year average (0.53). Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 146.4 %².
Within OMC's tracked universe of 36 assets, USMV comes in at #4 by 3-year correlation. Over the last 12 months OMC came out ahead by 6.4 percentage points (+16.5% against +10.1%). This link changes with the market regime, having swung between 0.27 and 0.77 on a rolling one-year basis. Risk is not evenly split, since OMC carries 2.8 times the volatility of the other side.
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.
OMC vs USMV: side by side
| OMC (Omnicom Group) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | +16.5% | +10.1% |
| 5-year return | +45.6% | +42.3% |
| Volatility (ann.) | 28.0% | 9.9% |
| Beta vs S&P 500 | 0.76 | 0.51 |
| Max drawdown (3Y) | -33.3% | -9.4% |
| Market cap | $24.1B | – |
| P/E (trailing) | 237.5 | – |
| Dividend yield | 3.53% | 1.48% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $23.6B |
| Sector / category | Communication Services | 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 | OMC | USMV |
|---|---|---|
| 2022 | +15.7% | -9.4% |
| 2023 | +9.6% | +10.3% |
| 2024 | +2.5% | +15.7% |
| 2025 | -2.6% | +7.6% |
| 2026 | +11.1% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMC and USMV good diversifiers for each other?
Only partially. A correlation of 0.53 means OMC and USMV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between OMC and USMV?
The OMC/USMV correlation stands at 0.53 on a 3-year window (1 year: 0.28, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is USMV a good diversifier for OMC?
Only partially. A correlation of 0.53 means OMC and USMV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/omc-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/omc-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OMC correlations · USMV correlations
