SBUX vs USMV: Correlation
Starbucks (SBUX) and iShares MSCI USA Min Vol Factor ETF (USMV) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBUX and USMV?
Over the past 3 years, SBUX and USMV moved with a correlation of 0.48, which is moderate. The past 12 months show a weaker link (0.37) than the 3-year average (0.48). Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 161.3 %².
Within SBUX's tracked universe of 38 assets, USMV comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SBUX outperformed by 15.4 percentage points (+25.5% for SBUX against +10.1% for USMV). The rolling one-year correlation moved between 0.31 and 0.75 over the past three years, a moderate range. One caveat on sizing: SBUX is 3.5 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.
SBUX vs USMV: side by side
| SBUX (Starbucks) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | +25.5% | +10.1% |
| 5-year return | +4.5% | +42.3% |
| Volatility (ann.) | 34.2% | 9.9% |
| Beta vs S&P 500 | 1.10 | 0.51 |
| Max drawdown (3Y) | -32.0% | -9.4% |
| Market cap | $122.3B | – |
| P/E (trailing) | 62.7 | – |
| Dividend yield | 2.29% | 1.48% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $23.6B |
| Sector / category | Consumer Discretionary | 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 | SBUX | USMV |
|---|---|---|
| 2022 | -13.2% | -9.4% |
| 2023 | -1.2% | +10.3% |
| 2024 | -2.5% | +15.7% |
| 2025 | -5.3% | +7.6% |
| 2026 | +29.7% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBUX and USMV good diversifiers for each other?
Reasonably. At 0.48, SBUX and USMV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SBUX and USMV?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.37 over the last year and 0.49 over 5 years.
Is USMV a good diversifier for SBUX?
Reasonably. At 0.48, SBUX and USMV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/sbux-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sbux-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SBUX correlations · USMV correlations
