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IWM correlations (iShares Russell 2000 ETF)

IWM measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.

Data as of 2026-08-27 · refreshed every trading day · US Small & Mid Cap

Volatility (ann.)
19.8%
3y weekly
Beta vs S&P 500
1.06
3y weekly
1-year return
+28.4%
price, adjusted
5-year return
+41.5%
price, adjusted
Expense ratio
0.19%
annual
Assets
$80.1B
under management
Dividend yield
0.91%
trailing
Max drawdown
-27.5%
3y, daily closes
-1%0%+30%2025-09-052026-08-27
IWM over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with IWM

AssetCorrelation (3Y)
MDYSPDR S&P MidCap 400 ETF0.95
RVTRoyce Small-Cap Trust, Inc.0.93
RMTRoyce Micro-Cap Trust, Inc.0.93
RSPInvesco S&P 500 Equal Weight ETF0.90
VTVVanguard Value ETF0.85
VYMVanguard High Dividend Yield ETF0.84
SPYVSPDR Portfolio S&P 500 Value ETF0.84
GGZGabelli Global Small and Mid Cap Value Trust (The)0.83
DGROiShares Core Dividend Growth ETF0.83
GDVGabelli Dividend & Income Trust0.83
ASGLiberty All-Star Growth Fund, Inc.0.82
VTIVanguard Total Stock Market ETF0.82
VTVanguard Total World Stock ETF0.82
DIASPDR Dow Jones Industrial Average ETF0.82
VIGVanguard Dividend Appreciation ETF0.82

Best diversifiers for IWM

These are the assets whose returns had the least to do with IWM's, historically the most independent picks in our universe.

AssetCorrelation (3Y)
VXXiPath Series B S&P 500 VIX Short-Term Futures ETN-0.72
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN-0.71
FNGDMicroSectors FANG Index -3X Inverse Leveraged ETNs due-0.52
MXCMexco Energy Corporation-0.14
ANNAAleAnna, Inc.-0.13
EQNREquinor ASA-0.13
LICNLichen International Limited - Class A-0.13
TCRTAlaunos Therapeutics, Inc.-0.13
WHLRWheeler Real Estate Investment Trust, Inc.-0.12
INDOIndonesia Energy Corporation Limited-0.11

IWM vs benchmarks

IWM vs SPY 0.77 IWM vs QQQ 0.67

IWM vs its peers

IWM vs MDY 0.95

Get IWM data as JSON

Free API · no key required
$ curl https://www.pairbook.io/api/v1/symbols/iwm.json

Correlations, diversifiers, beta and volatility for IWM, plus one endpoint per pair. API documentation.

IWM holdings overlap with other ETFs

ETFOverlapCorrelation (3Y)
IWM vs MDYSPDR S&P MidCap 400 ETF11.6%0.95
IWM vs IBBiShares Biotechnology ETF11.0%0.66
IWM vs VNQVanguard Real Estate ETF5.6%0.70
IWM vs VTIVanguard Total Stock Market ETF4.0%0.82
IWM vs VYMVanguard High Dividend Yield ETF2.6%0.84
IWM vs VTVanguard Total World Stock ETF2.5%0.82
IWM vs VEAVanguard FTSE Developed Markets ETF1.7%0.72
IWM vs IEFAiShares Core MSCI EAFE ETF1.5%0.70
IWM vs SCHDSchwab US Dividend Equity ETF1.5%0.74
IWM vs EFAiShares MSCI EAFE ETF1.3%0.69
IWM vs VIGVanguard Dividend Appreciation ETF1.0%0.82
IWM vs DGROiShares Core Dividend Growth ETF0.9%0.83
IWM vs ACWIiShares MSCI ACWI ETF0.8%0.81
IWM vs IEMGiShares Core MSCI Emerging Markets ETF0.4%0.61
IWM vs VWOVanguard FTSE Emerging Markets ETF0.4%0.61
IWM vs EEMiShares MSCI Emerging Markets ETF0.3%0.60
IWM vs ICLNiShares Global Clean Energy ETF0.3%0.53
IWM vs DIASPDR Dow Jones Industrial Average ETF0%0.82
IWM vs EWJiShares MSCI Japan ETF0%0.63
IWM vs FXIiShares China Large-Cap ETF0%0.29
IWM vs IVViShares Core S&P 500 ETF0%0.77
IWM vs MTUMiShares MSCI USA Momentum Factor ETF0%0.69
IWM vs QQQInvesco QQQ Trust0%0.67
IWM vs QQQMInvesco Nasdaq 100 ETF0%0.67
IWM vs QUALiShares MSCI USA Quality Factor ETF0%0.76
IWM vs RSPInvesco S&P 500 Equal Weight ETF0%0.90
IWM vs SOXXiShares Semiconductor ETF0%0.65
IWM vs SPYSPDR S&P 500 ETF Trust0%0.77
IWM vs SPYGSPDR Portfolio S&P 500 Growth ETF0%0.64
IWM vs SPYVSPDR Portfolio S&P 500 Value ETF0%0.84
IWM vs USMViShares MSCI USA Min Vol Factor ETF0%0.69
IWM vs VOOVanguard S&P 500 ETF0%0.78
IWM vs VTVVanguard Value ETF0%0.85
IWM vs VUGVanguard Growth ETF0%0.63
IWM vs XLBMaterials Select Sector SPDR Fund0%0.74
IWM vs XLCCommunication Services Select Sector SPDR Fund0%0.56
IWM vs XLEEnergy Select Sector SPDR Fund0%0.28
IWM vs XLFFinancial Select Sector SPDR Fund0%0.72
IWM vs XLIIndustrial Select Sector SPDR Fund0%0.81
IWM vs XLKTechnology Select Sector SPDR Fund0%0.63
IWM vs XLPConsumer Staples Select Sector SPDR Fund0%0.39
IWM vs XLREReal Estate Select Sector SPDR Fund0%0.66
IWM vs XLUUtilities Select Sector SPDR Fund0%0.32
IWM vs XLVHealth Care Select Sector SPDR Fund0%0.47
IWM vs XLYConsumer Discretionary Select Sector SPDR Fund0%0.72