AEYE vs IWM: Correlation
AudioEye, Inc. (AEYE) and iShares Russell 2000 ETF (IWM) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEYE and IWM?
Across a 3-year window, the weekly returns of AEYE and IWM correlate at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.38) runs below the 3-year figure (0.49). Stretching to 5 years gives 0.45, with an annualized covariance of 840.9 %².
Few assets follow AEYE as closely as IWM, which ranks #1 of 17 tracked partners. The last year tells two different stories: IWM led by 69.8 percentage points, -41.4% for AEYE against +28.4% for IWM. Risk is not evenly split, since AEYE carries 4.4 times the volatility of the other side.
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.
AEYE vs IWM: side by side
| AEYE (AudioEye, Inc.) | IWM (iShares Russell 2000 ETF) | |
|---|---|---|
| 1-year return | -41.4% | +28.4% |
| 5-year return | -44.5% | +41.5% |
| Volatility (ann.) | 86.5% | 19.8% |
| Beta vs S&P 500 | 2.63 | 1.06 |
| Max drawdown (3Y) | -83.9% | -27.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.91% |
| Expense ratio | – | 0.19% |
| Assets under management | – | $80.1B |
| Sector / category | US Listed | ETF · US Small & Mid Cap |
IWM, iShares's Small Blend fund, carries $80.1B under management, 1757 holdings, a 0.19% expense ratio, a 0.91% trailing dividend yield.
Year-by-year returns
| Year | AEYE | IWM |
|---|---|---|
| 2022 | -45.4% | -20.5% |
| 2023 | +41.5% | +16.8% |
| 2024 | +180.6% | +11.4% |
| 2025 | -34.3% | +12.7% |
| 2026 | -28.0% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEYE and IWM good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AEYE and IWM?
As of 2026-08-27, the correlation of weekly returns between AEYE and IWM is 0.49 over 3 years, 0.38 over 1 year and 0.45 over 5 years.
Is IWM a good diversifier for AEYE?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 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/aeye-vs-iwm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeye-vs-iwm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AEYE correlations · IWM correlations
