RTX vs USMV: Correlation
Measured on weekly returns over the past three years, RTX Corporation (RTX) and iShares MSCI USA Min Vol Factor ETF (USMV) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RTX and USMV?
On 3 years of weekly data the RTX/USMV correlation comes out at 0.43, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.43 over 3 years. The 5-year figure is 0.47, and annualized covariance runs at 107.5 %².
Among the 27 assets we track against RTX, USMV ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RTX outperformed by 24.6 percentage points (+34.7% for RTX against +10.1% for USMV). The relationship is regime-dependent: the rolling one-year correlation swung between 0.20 and 0.71 over the past three years, so this pair behaves very differently depending on the market environment. One caveat on sizing: RTX is 2.5 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.
RTX vs USMV: side by side
| RTX (RTX Corporation) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | +34.7% | +10.1% |
| 5-year return | +178.4% | +42.3% |
| Volatility (ann.) | 25.1% | 9.9% |
| Beta vs S&P 500 | 0.57 | 0.51 |
| Max drawdown (3Y) | -19.7% | -9.4% |
| Market cap | $285.8B | – |
| P/E (trailing) | 37.3 | – |
| Dividend yield | 1.31% | 1.48% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $23.6B |
| Sector / category | Industrials | 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 | RTX | USMV |
|---|---|---|
| 2022 | +20.0% | -9.4% |
| 2023 | -14.4% | +10.3% |
| 2024 | +40.8% | +15.7% |
| 2025 | +61.4% | +7.6% |
| 2026 | +16.9% | +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 RTX at a 0.14% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are RTX and USMV good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RTX and USMV?
As of 2026-08-27, the correlation of weekly returns between RTX and USMV is 0.43 over 3 years, 0.31 over 1 year and 0.47 over 5 years.
Is USMV a good diversifier for RTX?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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/rtx-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rtx-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RTX correlations · USMV correlations
