USMV vs YUM: Correlation
Measured on weekly returns over the past three years, iShares MSCI USA Min Vol Factor ETF (USMV) and Yum! Brands (YUM) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are USMV and YUM?
On 3 years of weekly data the USMV/YUM correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.43 over 3. The 5-year figure is 0.54, and annualized covariance runs at 90.2 %².
Within USMV's tracked universe of 125 assets, YUM comes in at #94 by 3-year correlation. Twelve-month performance is nearly a tie, at +10.1% for USMV and +5.7% for YUM. The rolling one-year correlation moved between 0.27 and 0.72 over the past three years, a moderate range. Note the risk asymmetry: YUM runs 2.2 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 YUM: side by side
| USMV (iShares MSCI USA Min Vol Factor ETF) | YUM (Yum! Brands) | |
|---|---|---|
| 1-year return | +10.1% | +5.7% |
| 5-year return | +42.3% | +26.2% |
| Volatility (ann.) | 9.9% | 21.3% |
| Beta vs S&P 500 | 0.51 | 0.34 |
| Max drawdown (3Y) | -9.4% | -14.5% |
| Market cap | – | $41.1B |
| P/E (trailing) | – | 19.0 |
| Dividend yield | 1.48% | 0.95% |
| Expense ratio | 0.15% | – |
| Assets under management | $23.6B | – |
| Sector / category | ETF · US Style | Consumer Discretionary |
On the fund side, USMV sits in the Large Blend category at iShares, with $23.6B under management, 164 holdings, a 0.15% expense ratio, a 1.48% trailing dividend yield.
Year-by-year returns
| Year | USMV | YUM |
|---|---|---|
| 2022 | -9.4% | -6.0% |
| 2023 | +10.3% | +3.9% |
| 2024 | +15.7% | +4.7% |
| 2025 | +7.6% | +14.9% |
| 2026 | +9.1% | +0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
YUM represents 0.89% of USMV's portfolio, so part of any move in USMV is YUM itself, and the correlation between them is partly mechanical.
Are USMV and YUM good diversifiers for each other?
Reasonably. At 0.43, USMV and YUM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between USMV and YUM?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.41 over the last year and 0.54 over 5 years.
Is YUM a good diversifier for USMV?
Reasonably. At 0.43, USMV and YUM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/usmv-vs-yum.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/usmv-vs-yum/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: USMV correlations · YUM correlations
