F vs IWM: Correlation
Ford Motor Company (F) 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 F and IWM?
Across a 3-year window, the weekly returns of F and IWM correlate at 0.49, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.49 over 3. Stretching to 5 years gives 0.58, with an annualized covariance of 352.0 %².
Among the 35 assets we track against F, IWM ranks #9 by 3-year correlation. The trailing year gives IWM the advantage: +22.6% versus +28.4%, a 5.8-point spread. Across three years, the rolling one-year figure varied moderately, from 0.39 to 0.66. Note the risk asymmetry: F runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
F vs IWM: side by side
| F (Ford Motor Company) | IWM (iShares Russell 2000 ETF) | |
|---|---|---|
| 1-year return | +22.6% | +28.4% |
| 5-year return | +45.8% | +41.5% |
| Volatility (ann.) | 36.1% | 19.8% |
| Beta vs S&P 500 | 1.06 | 1.06 |
| Max drawdown (3Y) | -36.5% | -27.5% |
| Market cap | $55.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.32% | 0.91% |
| Expense ratio | – | 0.19% |
| Assets under management | – | $80.1B |
| Sector / category | Consumer Discretionary | 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 | F | IWM |
|---|---|---|
| 2022 | -42.2% | -20.5% |
| 2023 | +15.8% | +16.8% |
| 2024 | -13.1% | +11.4% |
| 2025 | +42.3% | +12.7% |
| 2026 | +10.0% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are F 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 F and IWM?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.46 over the last year and 0.58 over 5 years.
Is IWM a good diversifier for F?
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?
On the −1 to +1 scale, 0.49 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/f-vs-iwm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/f-vs-iwm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: F correlations · IWM correlations
