SSNC vs USMV: Correlation
Measured on weekly returns over the past three years, SS&C Technologies Holdings, Inc. (SSNC) and iShares MSCI USA Min Vol Factor ETF (USMV) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SSNC and USMV?
Over the past 3 years, SSNC and USMV moved with a correlation of 0.63, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.42 versus 0.63 over 3 years. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 143.1 %².
Within SSNC's tracked universe of 25 assets, USMV comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months USMV outperformed by 15.5 percentage points (-5.4% for SSNC against +10.1% for USMV). Note the risk asymmetry: SSNC runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SSNC vs USMV: side by side
| SSNC (SS&C Technologies Holdings, Inc.) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | -5.4% | +10.1% |
| 5-year return | +17.5% | +42.3% |
| Volatility (ann.) | 23.0% | 9.9% |
| Beta vs S&P 500 | 0.82 | 0.51 |
| Max drawdown (3Y) | -30.4% | -9.4% |
| Market cap | $19.6B | – |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 1.30% | 1.48% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $23.6B |
| Sector / category | US Listed | 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 | SSNC | USMV |
|---|---|---|
| 2022 | -35.7% | -9.4% |
| 2023 | +19.2% | +10.3% |
| 2024 | +25.8% | +15.7% |
| 2025 | +16.8% | +7.6% |
| 2026 | -3.8% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SSNC and USMV good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SSNC and USMV?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.42 over the last year and 0.66 over 5 years.
Is USMV a good diversifier for SSNC?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
A reading of 0.63 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/ssnc-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ssnc-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SSNC correlations · USMV correlations
