IWM vs JYNT: Correlation
iShares Russell 2000 ETF (IWM) and The Joint Corp. (JYNT) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IWM and JYNT?
Over the past 3 years, IWM and JYNT moved with a correlation of 0.44, which is moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.44 over 3. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 364.3 %².
Within IWM's tracked universe of 320 assets, JYNT comes in at #284 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IWM outperformed by 49.8 percentage points (+28.4% for IWM against -21.4% for JYNT). Risk is not evenly split, since JYNT carries 2.1 times the volatility of the other side.
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.
IWM vs JYNT: side by side
| IWM (iShares Russell 2000 ETF) | JYNT (The Joint Corp.) | |
|---|---|---|
| 1-year return | +28.4% | -21.4% |
| 5-year return | +41.5% | -91.8% |
| Volatility (ann.) | 19.8% | 41.9% |
| Beta vs S&P 500 | 1.06 | 0.98 |
| Max drawdown (3Y) | -27.5% | -56.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 60.1 |
| Dividend yield | 0.91% | 0.00% |
| Expense ratio | 0.19% | – |
| Assets under management | $80.1B | – |
| Sector / category | ETF · US Small & Mid Cap | US Listed |
IWM is a Small Blend fund from iShares: $80.1B under management, 1757 holdings, a 0.19% expense ratio, a 0.91% trailing dividend yield.
Year-by-year returns
| Year | IWM | JYNT |
|---|---|---|
| 2022 | -20.5% | -78.7% |
| 2023 | +16.8% | -31.3% |
| 2024 | +11.4% | +10.6% |
| 2025 | +12.7% | -18.0% |
| 2026 | +22.3% | -3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IWM and JYNT good diversifiers for each other?
Reasonably. At 0.44, IWM and JYNT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IWM and JYNT?
As of 2026-08-27, the correlation of weekly returns between IWM and JYNT is 0.44 over 3 years, 0.46 over 1 year and 0.49 over 5 years.
Is JYNT a good diversifier for IWM?
Reasonably. At 0.44, IWM and JYNT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/iwm-vs-jynt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iwm-vs-jynt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IWM correlations · JYNT correlations
