BNT vs IWM: Correlation
Measured on weekly returns over the past three years, Brookfield Wealth Solutions Ltd. Class A Exchangeable (BNT) and iShares Russell 2000 ETF (IWM) carry a correlation of 0.78, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNT and IWM?
On 3 years of weekly data the BNT/IWM correlation comes out at 0.78, strong. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. The 5-year figure is 0.75, and annualized covariance runs at 434.9 %².
Few assets follow BNT as closely as IWM, which ranks #3 of 28 tracked partners. The last year tells two different stories: IWM led by 32.9 percentage points, -4.5% for BNT against +28.4% for IWM.
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.
BNT vs IWM: side by side
| BNT (Brookfield Wealth Solutions Ltd. Class A Exchangeable) | IWM (iShares Russell 2000 ETF) | |
|---|---|---|
| 1-year return | -4.5% | +28.4% |
| 5-year return | +3.6% | +41.5% |
| Volatility (ann.) | 28.1% | 19.8% |
| Beta vs S&P 500 | 1.44 | 1.06 |
| Max drawdown (3Y) | -27.6% | -27.5% |
| Market cap | $11.4B | – |
| P/E (trailing) | 50.0 | – |
| Dividend yield | 0.62% | 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 | BNT | IWM |
|---|---|---|
| 2022 | -49.5% | -20.5% |
| 2023 | +30.1% | +16.8% |
| 2024 | +43.3% | +11.4% |
| 2025 | +20.6% | +12.7% |
| 2026 | -9.4% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNT and IWM good diversifiers for each other?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BNT and IWM?
Using weekly returns as of 2026-08-27: 0.78 over 3 years, with 0.68 over the last year and 0.75 over 5 years.
Is IWM a good diversifier for BNT?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.78 mean?
On the −1 to +1 scale, 0.78 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/bnt-vs-iwm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bnt-vs-iwm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BNT correlations · IWM correlations
