RMD vs USA: Correlation
ResMed (RMD) and Liberty All-Star Equity Fund (USA) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMD and USA?
Across a 3-year window, the weekly returns of RMD and USA correlate at 0.44, moderate. The past 12 months show a weaker link (0.24) than the 3-year average (0.44). Stretching to 5 years gives 0.47, with an annualized covariance of 207.2 %².
By 3-year correlation, USA places #10 of the 29 assets tracked against RMD. Their recent paths diverged sharply: over the last 12 months USA outperformed by 17.1 percentage points (-15.5% for RMD against +1.6% for USA). One caveat on sizing: RMD is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
RMD vs USA: side by side
| RMD (ResMed) | USA (Liberty All-Star Equity Fund) | |
|---|---|---|
| 1-year return | -15.5% | +1.6% |
| 5-year return | -14.6% | +18.1% |
| Volatility (ann.) | 31.2% | 15.2% |
| Beta vs S&P 500 | 0.79 | 0.89 |
| Max drawdown (3Y) | -37.3% | -17.7% |
| Market cap | $34.0B | – |
| P/E (trailing) | 22.6 | 10.7 |
| Dividend yield | 1.02% | 11.19% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | RMD | USA |
|---|---|---|
| 2022 | -19.5% | -25.2% |
| 2023 | -16.5% | +23.2% |
| 2024 | +34.2% | +20.8% |
| 2025 | +6.3% | +0.1% |
| 2026 | -1.3% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMD and USA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RMD and USA?
As of 2026-08-27, the correlation of weekly returns between RMD and USA is 0.44 over 3 years, 0.24 over 1 year and 0.47 over 5 years.
Is USA a good diversifier for RMD?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: RMD correlations · USA correlations
