USMV vs VLTO: Correlation
Measured on weekly returns over the past three years, iShares MSCI USA Min Vol Factor ETF (USMV) and Veralto (VLTO) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are USMV and VLTO?
Over the past 3 years, USMV and VLTO moved with a correlation of 0.53, which is moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.53 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 111.4 %².
By 3-year correlation, VLTO places #62 of the 125 assets tracked against USMV. Correlation aside, the last 12 months split them widely, with USMV ahead by 18.0 points (+10.1% versus -7.9%). The rolling one-year correlation moved between 0.35 and 0.74 over the past three years, a moderate range. Note the risk asymmetry: VLTO runs 2.1 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.
USMV vs VLTO: side by side
| USMV (iShares MSCI USA Min Vol Factor ETF) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | +10.1% | -7.9% |
| 5-year return | +42.3% | n/a |
| Volatility (ann.) | 9.9% | 21.2% |
| Beta vs S&P 500 | 0.51 | 0.66 |
| Max drawdown (3Y) | -9.4% | -27.1% |
| Market cap | – | $24.0B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 1.48% | 0.51% |
| Expense ratio | 0.15% | – |
| Assets under management | $23.6B | – |
| Sector / category | ETF · US Style | Industrials |
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 | USMV | VLTO |
|---|---|---|
| 2022 | -9.4% | – |
| 2023 | +10.3% | – |
| 2024 | +15.7% | +24.3% |
| 2025 | +7.6% | -1.6% |
| 2026 | +9.1% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are USMV and VLTO good diversifiers for each other?
Only partially. A correlation of 0.53 means USMV and VLTO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between USMV and VLTO?
The USMV/VLTO correlation stands at 0.53 on a 3-year window (1 year: 0.50, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VLTO a good diversifier for USMV?
Only partially. A correlation of 0.53 means USMV and VLTO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/usmv-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/usmv-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: USMV correlations · VLTO correlations
