FLWS vs IWM: Correlation
How closely do 1-800-FLOWERS.COM, Inc. (FLWS) and iShares Russell 2000 ETF (IWM) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLWS and IWM?
Across a 3-year window, the weekly returns of FLWS and IWM correlate at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 601.6 %².
Few assets follow FLWS as closely as IWM, which ranks #2 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months IWM outperformed by 61.6 percentage points (-33.2% for FLWS against +28.4% for IWM). One caveat on sizing: FLWS 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.
FLWS vs IWM: side by side
| FLWS (1-800-FLOWERS.COM, Inc.) | IWM (iShares Russell 2000 ETF) | |
|---|---|---|
| 1-year return | -33.2% | +28.4% |
| 5-year return | -88.4% | +41.5% |
| Volatility (ann.) | 57.7% | 19.8% |
| Beta vs S&P 500 | 1.81 | 1.06 |
| Max drawdown (3Y) | -73.4% | -27.5% |
| Market cap | $0.2B | – |
| 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 | FLWS | IWM |
|---|---|---|
| 2022 | -59.1% | -20.5% |
| 2023 | +12.8% | +16.8% |
| 2024 | -24.2% | +11.4% |
| 2025 | -51.9% | +12.7% |
| 2026 | -4.8% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLWS and IWM good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FLWS and IWM?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.53 over the last year and 0.49 over 5 years.
Is IWM a good diversifier for FLWS?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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/flws-vs-iwm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flws-vs-iwm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLWS correlations · IWM correlations
