INTC vs IWM: Correlation
Measured on weekly returns over the past three years, Intel (INTC) and iShares Russell 2000 ETF (IWM) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INTC and IWM?
Over the past 3 years, INTC and IWM moved with a correlation of 0.54, which is moderate. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 680.1 %².
Among the 37 assets we track against INTC, IWM ranks #8 by 3-year correlation. The last year tells two different stories: INTC led by 242.2 percentage points, +270.6% for INTC against +28.4% for IWM. The link looks structural: the rolling one-year correlation barely moved, holding between 0.45 and 0.68. One caveat on sizing: INTC 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.
INTC vs IWM: side by side
| INTC (Intel) | IWM (iShares Russell 2000 ETF) | |
|---|---|---|
| 1-year return | +270.6% | +28.4% |
| 5-year return | +85.4% | +41.5% |
| Volatility (ann.) | 63.0% | 19.8% |
| Beta vs S&P 500 | 2.01 | 1.06 |
| Max drawdown (3Y) | -63.8% | -27.5% |
| Market cap | $486.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.91% |
| Expense ratio | – | 0.19% |
| Assets under management | – | $80.1B |
| Sector / category | Information Technology | 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 | INTC | IWM |
|---|---|---|
| 2022 | -46.6% | -20.5% |
| 2023 | +94.6% | +16.8% |
| 2024 | -59.6% | +11.4% |
| 2025 | +84.0% | +12.7% |
| 2026 | +149.6% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INTC and IWM good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between INTC and IWM?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.62 over the last year and 0.51 over 5 years.
Is IWM a good diversifier for INTC?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 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/intc-vs-iwm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/intc-vs-iwm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INTC correlations · IWM correlations
