PODD vs USAR: Correlation
Insulet Corporation (PODD) and USA Rare Earth, Inc. (USAR) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PODD and USAR?
Across a 3-year window, the weekly returns of PODD and USAR correlate at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.40) than the 3-year average (-0.20). Stretching to 5 years gives n/a, with an annualized covariance of -763.9 %².
Out of 31 assets tracked against PODD, USAR lands near the bottom at #27. Their recent paths diverged sharply: over the last 12 months USAR outperformed by 79.8 percentage points (-57.1% for PODD against +22.7% for USAR). Risk is not evenly split, since USAR carries 2.5 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.
PODD vs USAR: side by side
| PODD (Insulet Corporation) | USAR (USA Rare Earth, Inc.) | |
|---|---|---|
| 1-year return | -57.1% | +22.7% |
| 5-year return | -51.6% | n/a |
| Volatility (ann.) | 38.9% | 98.3% |
| Beta vs S&P 500 | 0.67 | -0.14 |
| Max drawdown (3Y) | -62.2% | -69.2% |
| Market cap | $9.9B | $4.7B |
| P/E (trailing) | 26.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | PODD | USAR |
|---|---|---|
| 2022 | +10.6% | – |
| 2023 | -26.3% | – |
| 2024 | +20.3% | +11.1% |
| 2025 | +8.9% | +3.7% |
| 2026 | -49.5% | +61.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PODD and USAR good diversifiers for each other?
Yes. With a correlation of -0.20, PODD and USAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PODD and USAR?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.40 over the last year and n/a over 5 years.
Is USAR a good diversifier for PODD?
Yes. With a correlation of -0.20, PODD and USAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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/podd-vs-usar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/podd-vs-usar/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PODD correlations · USAR correlations
