FLL vs IWM: Correlation
Measured on weekly returns over the past three years, Full House Resorts, Inc. (FLL) and iShares Russell 2000 ETF (IWM) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLL and IWM?
On 3 years of weekly data the FLL/IWM correlation comes out at 0.44, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.44 over 3. The 5-year figure is 0.49, and annualized covariance runs at 523.3 %².
By 3-year correlation, IWM places #5 of the 15 assets tracked against FLL. Their recent paths diverged sharply: over the last 12 months IWM outperformed by 74.0 percentage points (-45.6% for FLL against +28.4% for IWM). Risk is not evenly split, since FLL carries 3.0 times the volatility of the other side.
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.
FLL vs IWM: side by side
| FLL (Full House Resorts, Inc.) | IWM (iShares Russell 2000 ETF) | |
|---|---|---|
| 1-year return | -45.6% | +28.4% |
| 5-year return | -75.5% | +41.5% |
| Volatility (ann.) | 59.8% | 19.8% |
| Beta vs S&P 500 | 1.44 | 1.06 |
| Max drawdown (3Y) | -66.2% | -27.5% |
| Market cap | $0.1B | – |
| 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 | FLL | IWM |
|---|---|---|
| 2022 | -37.9% | -20.5% |
| 2023 | -28.6% | +16.8% |
| 2024 | -24.0% | +11.4% |
| 2025 | -36.0% | +12.7% |
| 2026 | -21.1% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLL and IWM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FLL and IWM?
As of 2026-08-27, the correlation of weekly returns between FLL and IWM is 0.44 over 3 years, 0.40 over 1 year and 0.49 over 5 years.
Is IWM a good diversifier for FLL?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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/fll-vs-iwm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fll-vs-iwm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLL correlations · IWM correlations
