ITRN vs IWM: Correlation
Ituran Location and Control Ltd. (ITRN) and iShares Russell 2000 ETF (IWM) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITRN and IWM?
Over the past 3 years, ITRN and IWM moved with a correlation of 0.50, which is moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.50 over 3. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 286.5 %².
IWM is one of the assets that tracks ITRN most closely: it ranks #1 out of the 11 assets we track against ITRN. Their recent paths diverged sharply: over the last 12 months ITRN outperformed by 23.9 percentage points (+52.3% for ITRN against +28.4% for IWM).
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.
ITRN vs IWM: side by side
| ITRN (Ituran Location and Control Ltd.) | IWM (iShares Russell 2000 ETF) | |
|---|---|---|
| 1-year return | +52.3% | +28.4% |
| 5-year return | +146.4% | +41.5% |
| Volatility (ann.) | 29.1% | 19.8% |
| Beta vs S&P 500 | 0.84 | 1.06 |
| Max drawdown (3Y) | -26.8% | -27.5% |
| Market cap | $1.0B | – |
| P/E (trailing) | 16.1 | – |
| 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 | ITRN | IWM |
|---|---|---|
| 2022 | -18.8% | -20.5% |
| 2023 | +32.5% | +16.8% |
| 2024 | +21.0% | +11.4% |
| 2025 | +45.6% | +12.7% |
| 2026 | +25.4% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITRN and IWM good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ITRN and IWM?
The ITRN/IWM correlation stands at 0.50 on a 3-year window (1 year: 0.52, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is IWM a good diversifier for ITRN?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 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/itrn-vs-iwm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/itrn-vs-iwm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ITRN correlations · IWM correlations
