USAR vs USB: Correlation
Measured on weekly returns over the past three years, USA Rare Earth, Inc. (USAR) and U.S. Bancorp (USB) carry a correlation of -0.14, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are USAR and USB?
Across a 3-year window, the weekly returns of USAR and USB correlate at -0.14, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.06) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -388.6 %².
Among the 34 assets we track against USAR, USB ranks #10 by 3-year correlation. Over the last 12 months USB came out ahead by 10.4 percentage points (+22.7% against +33.1%). One caveat on sizing: USAR is 3.6 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.
USAR vs USB: side by side
| USAR (USA Rare Earth, Inc.) | USB (U.S. Bancorp) | |
|---|---|---|
| 1-year return | +22.7% | +33.1% |
| 5-year return | n/a | +36.0% |
| Volatility (ann.) | 98.3% | 27.3% |
| Beta vs S&P 500 | -0.14 | 1.09 |
| Max drawdown (3Y) | -69.2% | -30.6% |
| Market cap | $4.7B | $97.2B |
| P/E (trailing) | – | 12.5 |
| Dividend yield | 0.00% | 3.31% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | USAR | USB |
|---|---|---|
| 2022 | – | -19.1% |
| 2023 | – | +4.8% |
| 2024 | +11.1% | +15.6% |
| 2025 | +3.7% | +16.5% |
| 2026 | +61.8% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are USAR and USB good diversifiers for each other?
By historical standards, yes. A correlation of -0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between USAR and USB?
The USAR/USB correlation stands at -0.14 on a 3-year window (1 year: -0.06, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is USB a good diversifier for USAR?
By historical standards, yes. A correlation of -0.14 means the two rarely move for the same reasons.
What does a correlation of -0.14 mean?
A reading of -0.14 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/usar-vs-usb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/usar-vs-usb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: USAR correlations · USB correlations
