OUT vs USB: Correlation
Measured on weekly returns over the past three years, OUTFRONT Media Inc. (OUT) and U.S. Bancorp (USB) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OUT and USB?
Across a 3-year window, the weekly returns of OUT and USB correlate at 0.64, strong. The link has loosened recently: the 1-year correlation (0.38) runs below the 3-year figure (0.64). Stretching to 5 years gives 0.57, with an annualized covariance of 654.2 %².
USB is one of the assets that tracks OUT most closely: it ranks #3 out of the 15 assets we track against OUT. The last year tells two different stories: OUT led by 33.7 percentage points, +66.8% for OUT against +33.1% for USB.
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.
OUT vs USB: side by side
| OUT (OUTFRONT Media Inc.) | USB (U.S. Bancorp) | |
|---|---|---|
| 1-year return | +66.8% | +33.1% |
| 5-year return | +65.9% | +36.0% |
| Volatility (ann.) | 37.2% | 27.3% |
| Beta vs S&P 500 | 1.22 | 1.09 |
| Max drawdown (3Y) | -32.0% | -30.6% |
| Market cap | $5.3B | $97.2B |
| P/E (trailing) | 21.9 | 12.5 |
| Dividend yield | 3.92% | 3.31% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | OUT | USB |
|---|---|---|
| 2022 | -34.4% | -19.1% |
| 2023 | -8.0% | +4.8% |
| 2024 | +40.6% | +15.6% |
| 2025 | +41.5% | +16.5% |
| 2026 | +27.3% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OUT and USB good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between OUT and USB?
The OUT/USB correlation stands at 0.64 on a 3-year window (1 year: 0.38, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is USB a good diversifier for OUT?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
A reading of 0.64 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/out-vs-usb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/out-vs-usb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OUT correlations · USB correlations
