ORLY vs USMV: Correlation
O'Reilly Automotive (ORLY) and iShares MSCI USA Min Vol Factor ETF (USMV) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORLY and USMV?
On 3 years of weekly data the ORLY/USMV correlation comes out at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 80.1 %².
Within ORLY's tracked universe of 29 assets, USMV comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with USMV ahead by 25.7 points (-15.6% versus +10.1%). The rolling one-year correlation moved between 0.30 and 0.61 over the past three years, a moderate range. Risk is not evenly split, since ORLY carries 2.0 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.
ORLY vs USMV: side by side
| ORLY (O'Reilly Automotive) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | -15.6% | +10.1% |
| 5-year return | +120.8% | +42.3% |
| Volatility (ann.) | 19.8% | 9.9% |
| Beta vs S&P 500 | 0.20 | 0.51 |
| Max drawdown (3Y) | -23.3% | -9.4% |
| Market cap | $71.1B | – |
| P/E (trailing) | 28.4 | – |
| Dividend yield | 0.00% | 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 | ORLY | USMV |
|---|---|---|
| 2022 | +19.5% | -9.4% |
| 2023 | +12.6% | +10.3% |
| 2024 | +24.8% | +15.7% |
| 2025 | +15.4% | +7.6% |
| 2026 | -3.7% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that USMV holds ORLY at a 0.7% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are ORLY and USMV good diversifiers for each other?
Reasonably. At 0.41, ORLY and USMV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ORLY and USMV?
As of 2026-08-27, the correlation of weekly returns between ORLY and USMV is 0.41 over 3 years, 0.41 over 1 year and 0.53 over 5 years.
Is USMV a good diversifier for ORLY?
Reasonably. At 0.41, ORLY and USMV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/orly-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/orly-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ORLY correlations · USMV correlations
