INSE vs IWM: Correlation
Inspired Entertainment, Inc. (INSE) and iShares Russell 2000 ETF (IWM) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INSE and IWM?
Over the past 3 years, INSE and IWM moved with a correlation of 0.56, which is moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 497.6 %².
In INSE's tracked universe of 11 assets, IWM sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months IWM outperformed by 64.2 percentage points (-35.8% for INSE against +28.4% for IWM). Note the risk asymmetry: INSE runs 2.3 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.
INSE vs IWM: side by side
| INSE (Inspired Entertainment, Inc.) | IWM (iShares Russell 2000 ETF) | |
|---|---|---|
| 1-year return | -35.8% | +28.4% |
| 5-year return | -52.5% | +41.5% |
| Volatility (ann.) | 45.1% | 19.8% |
| Beta vs S&P 500 | 1.37 | 1.06 |
| Max drawdown (3Y) | -56.8% | -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 | INSE | IWM |
|---|---|---|
| 2022 | -2.2% | -20.5% |
| 2023 | -22.0% | +16.8% |
| 2024 | -8.4% | +11.4% |
| 2025 | +3.4% | +12.7% |
| 2026 | -37.3% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSE and IWM good diversifiers for each other?
Only partially. A correlation of 0.56 means INSE and IWM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between INSE and IWM?
As of 2026-08-27, the correlation of weekly returns between INSE and IWM is 0.56 over 3 years, 0.55 over 1 year and 0.56 over 5 years.
Is IWM a good diversifier for INSE?
Only partially. A correlation of 0.56 means INSE and IWM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/inse-vs-iwm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inse-vs-iwm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INSE correlations · IWM correlations
