CNTY vs IWM: Correlation
Measured on weekly returns over the past three years, Century Casinos, Inc. (CNTY) and iShares Russell 2000 ETF (IWM) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNTY and IWM?
On 3 years of weekly data the CNTY/IWM correlation comes out at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 544.0 %².
Few assets follow CNTY as closely as IWM, which ranks #2 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with IWM ahead by 82.8 points (-54.4% versus +28.4%). One caveat on sizing: CNTY is 2.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CNTY vs IWM: side by side
| CNTY (Century Casinos, Inc.) | IWM (iShares Russell 2000 ETF) | |
|---|---|---|
| 1-year return | -54.4% | +28.4% |
| 5-year return | -90.7% | +41.5% |
| Volatility (ann.) | 57.5% | 19.8% |
| Beta vs S&P 500 | 1.20 | 1.06 |
| Max drawdown (3Y) | -82.3% | -27.5% |
| Market cap | – | – |
| 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 | CNTY | IWM |
|---|---|---|
| 2022 | -42.3% | -20.5% |
| 2023 | -30.6% | +16.8% |
| 2024 | -33.6% | +11.4% |
| 2025 | -59.0% | +12.7% |
| 2026 | -7.5% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNTY and IWM good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CNTY and IWM?
As of 2026-08-27, the correlation of weekly returns between CNTY and IWM is 0.48 over 3 years, 0.51 over 1 year and 0.55 over 5 years.
Is IWM a good diversifier for CNTY?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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/cnty-vs-iwm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnty-vs-iwm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNTY correlations · IWM correlations
