GCO vs IWM: Correlation
Genesco Inc. (GCO) and iShares Russell 2000 ETF (IWM) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCO and IWM?
Across a 3-year window, the weekly returns of GCO and IWM correlate at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 734.5 %².
Few assets follow GCO as closely as IWM, which ranks #2 of 13 tracked partners. The last year tells two different stories: IWM led by 28.4 percentage points, -0.0% for GCO against +28.4% for IWM. One caveat on sizing: GCO is 3.2 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.
GCO vs IWM: side by side
| GCO (Genesco Inc.) | IWM (iShares Russell 2000 ETF) | |
|---|---|---|
| 1-year return | -0.0% | +28.4% |
| 5-year return | -47.8% | +41.5% |
| Volatility (ann.) | 63.6% | 19.8% |
| Beta vs S&P 500 | 1.80 | 1.06 |
| Max drawdown (3Y) | -60.9% | -27.5% |
| Market cap | $0.4B | – |
| P/E (trailing) | 18.7 | – |
| 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 | GCO | IWM |
|---|---|---|
| 2022 | -28.3% | -20.5% |
| 2023 | -23.5% | +16.8% |
| 2024 | +21.4% | +11.4% |
| 2025 | -42.1% | +12.7% |
| 2026 | +33.1% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCO and IWM good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GCO and IWM?
The GCO/IWM correlation stands at 0.58 on a 3-year window (1 year: 0.48, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is IWM a good diversifier for GCO?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 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/gco-vs-iwm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gco-vs-iwm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GCO correlations · IWM correlations
