RVTY vs USO: Correlation
Revvity (RVTY) and United States Oil Fund (USO) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVTY and USO?
On 3 years of weekly data the RVTY/USO correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.16). The 5-year figure is -0.05, and annualized covariance runs at -221.5 %².
By 3-year correlation, USO places #33 of the 39 assets tracked against RVTY. Their recent paths diverged sharply: over the last 12 months USO outperformed by 27.3 percentage points (+46.8% for RVTY against +74.1% for USO). The relationship is regime-dependent: the rolling one-year correlation swung between -0.41 and 0.32 over the past three years, so this pair behaves very differently depending on the market environment.
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.
RVTY vs USO: side by side
| RVTY (Revvity) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | +46.8% | +74.1% |
| 5-year return | -30.2% | +168.6% |
| Volatility (ann.) | 34.2% | 39.4% |
| Beta vs S&P 500 | 0.81 | -0.20 |
| Max drawdown (3Y) | -35.3% | -32.5% |
| Market cap | $14.5B | – |
| P/E (trailing) | 62.4 | – |
| Dividend yield | 0.22% | – |
| Sector / category | Health Care | ETF · Commodities |
Year-by-year returns
| Year | RVTY | USO |
|---|---|---|
| 2022 | -30.1% | +29.0% |
| 2023 | -21.9% | -4.9% |
| 2024 | +2.4% | +13.4% |
| 2025 | -13.1% | -8.5% |
| 2026 | +34.3% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVTY and USO good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between RVTY and USO?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.39 over the last year and -0.05 over 5 years.
Is USO a good diversifier for RVTY?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 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/rvty-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rvty-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RVTY correlations · USO correlations
