DCO vs IWM: Correlation
Ducommun Incorporated (DCO) and iShares Russell 2000 ETF (IWM) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCO and IWM?
On 3 years of weekly data the DCO/IWM correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 306.6 %².
In DCO's tracked universe of 12 assets, IWM sits right near the top at #3. The last year tells two different stories: DCO led by 71.1 percentage points, +99.5% for DCO against +28.4% for IWM. One caveat on sizing: DCO is 1.5 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.
DCO vs IWM: side by side
| DCO (Ducommun Incorporated) | IWM (iShares Russell 2000 ETF) | |
|---|---|---|
| 1-year return | +99.5% | +28.4% |
| 5-year return | +248.0% | +41.5% |
| Volatility (ann.) | 30.0% | 19.8% |
| Beta vs S&P 500 | 0.78 | 1.06 |
| Max drawdown (3Y) | -23.5% | -27.5% |
| Market cap | $2.8B | – |
| 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 | DCO | IWM |
|---|---|---|
| 2022 | +6.8% | -20.5% |
| 2023 | +4.2% | +16.8% |
| 2024 | +22.3% | +11.4% |
| 2025 | +49.4% | +12.7% |
| 2026 | +93.3% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.08% of IWM is DCO itself, so the fund partly moves with the stock by construction.
Are DCO and IWM good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DCO and IWM?
The DCO/IWM correlation stands at 0.52 on a 3-year window (1 year: 0.52, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is IWM a good diversifier for DCO?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 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/dco-vs-iwm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dco-vs-iwm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DCO correlations · IWM correlations
