INSG vs IWM: Correlation
Measured on weekly returns over the past three years, Inseego Corp. (INSG) and iShares Russell 2000 ETF (IWM) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INSG and IWM?
On 3 years of weekly data the INSG/IWM correlation comes out at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 820.7 %².
In INSG's tracked universe of 10 assets, IWM sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months IWM outperformed by 92.8 percentage points (-64.4% for INSG against +28.4% for IWM). One caveat on sizing: INSG is 5.1 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.
INSG vs IWM: side by side
| INSG (Inseego Corp.) | IWM (iShares Russell 2000 ETF) | |
|---|---|---|
| 1-year return | -64.4% | +28.4% |
| 5-year return | -94.8% | +41.5% |
| Volatility (ann.) | 100.6% | 19.8% |
| Beta vs S&P 500 | 2.19 | 1.06 |
| Max drawdown (3Y) | -80.2% | -27.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | 31.4 | – |
| 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 | INSG | IWM |
|---|---|---|
| 2022 | -85.6% | -20.5% |
| 2023 | -73.8% | +16.8% |
| 2024 | +366.4% | +11.4% |
| 2025 | +0.1% | +12.7% |
| 2026 | -57.2% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSG and IWM good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INSG and IWM?
The INSG/IWM correlation stands at 0.41 on a 3-year window (1 year: 0.36, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is IWM a good diversifier for INSG?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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/insg-vs-iwm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/insg-vs-iwm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INSG correlations · IWM correlations
