STEW vs USMV: Correlation
SRH Total Return Fund, Inc. (STEW) and iShares MSCI USA Min Vol Factor ETF (USMV) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STEW and USMV?
Over the past 3 years, STEW and USMV moved with a correlation of 0.76, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.61 versus 0.76 over 3 years. Over 5 years the correlation is 0.79, and the annualized covariance of weekly returns is 107.1 %².
Among the 26 assets we track against STEW, USMV ranks #7 by 3-year correlation. Twelve-month performance is nearly a tie, at +5.2% for STEW and +10.1% for USMV.
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.
STEW vs USMV: side by side
| STEW (SRH Total Return Fund, Inc.) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | +5.2% | +10.1% |
| 5-year return | +61.2% | +42.3% |
| Volatility (ann.) | 14.1% | 9.9% |
| Beta vs S&P 500 | 0.67 | 0.51 |
| Max drawdown (3Y) | -10.5% | -9.4% |
| Market cap | $1.8B | – |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 3.91% | 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 | STEW | USMV |
|---|---|---|
| 2022 | -7.3% | -9.4% |
| 2023 | +13.5% | +10.3% |
| 2024 | +19.9% | +15.7% |
| 2025 | +20.3% | +7.6% |
| 2026 | +3.5% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STEW and USMV good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between STEW and USMV?
As of 2026-08-27, the correlation of weekly returns between STEW and USMV is 0.76 over 3 years, 0.61 over 1 year and 0.79 over 5 years.
Is USMV a good diversifier for STEW?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
A reading of 0.76 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/stew-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stew-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: STEW correlations · USMV correlations
