TCRT vs USMV: Correlation
Alaunos Therapeutics, Inc. (TCRT) and iShares MSCI USA Min Vol Factor ETF (USMV) 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 TCRT and USMV?
On 3 years of weekly data the TCRT/USMV correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.06 versus -0.16 over 3 years. The 5-year figure is -0.02, and annualized covariance runs at -193.9 %².
Within TCRT's tracked universe of 131 assets, USMV comes in at #24 by 3-year correlation. The last year tells two different stories: USMV led by 22.3 percentage points, -12.2% for TCRT against +10.1% for USMV. Note the risk asymmetry: TCRT runs 12.3 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.
TCRT vs USMV: side by side
| TCRT (Alaunos Therapeutics, Inc.) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | -12.2% | +10.1% |
| 5-year return | -99.3% | +42.3% |
| Volatility (ann.) | 121.9% | 9.9% |
| Beta vs S&P 500 | -1.11 | 0.51 |
| Max drawdown (3Y) | -95.0% | -9.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | TCRT | USMV |
|---|---|---|
| 2022 | -40.4% | -9.4% |
| 2023 | -89.2% | +10.3% |
| 2024 | -81.8% | +15.7% |
| 2025 | +69.1% | +7.6% |
| 2026 | -48.6% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCRT and USMV 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 TCRT and USMV?
As of 2026-08-27, the correlation of weekly returns between TCRT and USMV is -0.16 over 3 years, 0.06 over 1 year and -0.02 over 5 years.
Is USMV a good diversifier for TCRT?
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?
A reading of -0.16 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/tcrt-vs-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tcrt-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TCRT correlations · USMV correlations
