IMMR vs IWM: Correlation
Immersion Corporation (IMMR) and iShares Russell 2000 ETF (IWM) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMMR and IWM?
Over the past 3 years, IMMR and IWM moved with a correlation of 0.47, which is moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 357.5 %².
In IMMR's tracked universe of 12 assets, IWM sits right near the top at #1. On 12-month performance IWM holds a 12.3-point edge, +16.1% against +28.4%. One caveat on sizing: IMMR is 1.9 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.
IMMR vs IWM: side by side
| IMMR (Immersion Corporation) | IWM (iShares Russell 2000 ETF) | |
|---|---|---|
| 1-year return | +16.1% | +28.4% |
| 5-year return | +17.7% | +41.5% |
| Volatility (ann.) | 38.6% | 19.8% |
| Beta vs S&P 500 | 1.14 | 1.06 |
| Max drawdown (3Y) | -56.9% | -27.5% |
| Market cap | $0.3B | – |
| P/E (trailing) | 55.6 | – |
| Dividend yield | 3.12% | 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 | IMMR | IWM |
|---|---|---|
| 2022 | +23.1% | -20.5% |
| 2023 | +3.4% | +16.8% |
| 2024 | +26.5% | +11.4% |
| 2025 | -18.3% | +12.7% |
| 2026 | +18.6% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMMR and IWM good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IMMR and IWM?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.54 over the last year and 0.40 over 5 years.
Is IWM a good diversifier for IMMR?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/immr-vs-iwm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/immr-vs-iwm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMMR correlations · IWM correlations
