CTXR vs IWM: Correlation
Measured on weekly returns over the past three years, Citius Pharmaceuticals, Inc. (CTXR) and iShares Russell 2000 ETF (IWM) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTXR and IWM?
Over the past 3 years, CTXR and IWM moved with a correlation of 0.40, which is moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 810.0 %².
In CTXR's tracked universe of 10 assets, IWM sits right near the top at #3. The last year tells two different stories: IWM led by 82.5 percentage points, -54.1% for CTXR against +28.4% for IWM. One caveat on sizing: CTXR is 5.1 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.
CTXR vs IWM: side by side
| CTXR (Citius Pharmaceuticals, Inc.) | IWM (iShares Russell 2000 ETF) | |
|---|---|---|
| 1-year return | -54.1% | +28.4% |
| 5-year return | -98.9% | +41.5% |
| Volatility (ann.) | 101.2% | 19.8% |
| Beta vs S&P 500 | 2.04 | 1.06 |
| Max drawdown (3Y) | -98.1% | -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 | CTXR | IWM |
|---|---|---|
| 2022 | -48.7% | -20.5% |
| 2023 | -4.2% | +16.8% |
| 2024 | -78.9% | +11.4% |
| 2025 | -80.6% | +12.7% |
| 2026 | -19.0% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTXR and IWM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CTXR and IWM?
As of 2026-08-27, the correlation of weekly returns between CTXR and IWM is 0.40 over 3 years, 0.38 over 1 year and 0.37 over 5 years.
Is IWM a good diversifier for CTXR?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ctxr-vs-iwm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctxr-vs-iwm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTXR correlations · IWM correlations
